Reuters

(Reuters) - Shares of American Airlines slumped on Wednesday after the carrier cut its profit forecast for the current quarter, citing weakening pricing power despite expectations for record travel demand in the summer season.

American Airlines shares were down nearly 8% in premarket trading on Wednesday, dragging peers Delta Air, Southwest Airlines and United Airlines, which all fell between 1.5% and 2.5%.

The Fort Worth, Texas-based... (continue reading...)

By Anne Kauranen

HELSINKI (Reuters) - Helsinki-based video game developer Supercell is seeking to attract new groups of players with its first product launch in more than five years, Chief Executive Ilkka Paananen said, as mobile games face increasing competition from other entertainment for people's free time.

Majority-owned by China's Tencent, Supercell has previously put out five games, including Clash of Clans, one of the world's most... (continue reading...)

(Reuters) - Merck said on Wednesday it would acquire eye disease drug developer EyeBio for up to $3 billion, in the latest acquisition by the U.S. drugmaker as it looks to boost growth.

Under the deal, Merck would pay $1.3 billion upfront and up to $1.7 billion in future milestone payments.

Merck had said in February it was in the market for deals of up to around $15 billion, and has already struck two major deals this year, as its... (continue reading...)

MOSCOW (Reuters) - Ukrainian drones have the capability of striking up to 2,500 kilometres (1,553 miles) into Russia, but the capital Moscow has been protected from their strikes, a senior Russian airforce official warned on Wednesday.

The statement from Dmitry Bogdanov, head of the radio-electronic warfare department of the Russian Aerospace Forces, was carried by the TASS state news agency and suggests that a wide swath of Russian territory bordering... (continue reading...)

By Sakura Murakami

TOKYO (Reuters) - China and Japan have agreed to resume regular talks between their ruling parties for the first time in six years, officials from Japan's coalition government said on Wednesday.

Ties between Asia's top two economies have been strained by issues including Japan's concerns about China's maritime activities in the East and South China Seas, and China's protests against Japan's release of treated water... (continue reading...)