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GSK revenue disappoints with 3% fall to $8.9bn


GlaxoSmithKline (GSK ), reported third-quarter revenue down 3 percent to £5.6 billion, lower than the £5.7 billion forecast by analysts, as sales of its blockbuster asthma drug Advair continued to fall.

Asos dismisses Amazon takeover talk

Amazon founder Jeff Bezos during his High Order Bit presentation

Asos chief Nick Robertson has swept aside rumours that the online fashion retailer is about to be swallowed by Amazon, declaring the internet company was not his “dream partner”.



Warren Buffett

Buffett's Berkshire Hathaway changed in S&P's eyes

Credit ratings agency Standard & Poor's is formally acknowledging what Warren Buffett watchers have known for years: Berkshire Hathaway has transformed itself from an insurance holding company to a full-fledged corporate conglomerate.