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Abbott posts surprise net loss

  Bloomberg Abbott Laboratories posted a surprise third-quarter net loss after the value of its stake in EpiPen maker Mylan NV slumped as the stock dropped in recent months. Abbott became Mylan’s biggest shareholder last year after selling its generic drugs unit in Europe and developed markets to the drugmaker, and still holds a 13 percent stake. As Mylan became ...

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‘Supply shortage not to push up oil prices’

  Bloomberg The world’s largest publicly listed oil company says ample production from US shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage. Rex Tillerson, chief executive officer at Exxon Mobil Corp., presented an upbeat view of how technology will allow companies to pump more, preventing ...

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Clinton, Trump set for last presidential debate in Vegas

Las Vegas / AFP Democrat Hillary Clinton and rival Donald Trump wade into their last presidential debate on Wednesday with the Republican candidate spiraling downward in the polls amid allegations of sexual misconduct and wild charges of a “rigged” US election. With less than three weeks to go before Americans cast ballots November 8, polls showed Clinton widening her lead ...

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