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Irish biotech firm Elan rejects revised Royalty Pharma bid
DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...
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Squeezing the most out of your bonds
Let's knock bond ETFs off their pedestal.Exchange-traded funds that hold bonds annihilated the competition in the definitive guide to bond investing that appeared in this space two weeks ago (read it online ...
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Why Democrats Cant be Trusted to Control Wall Street
Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown. According to ...
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Top Ten MarketWatch’s top 10 stories May 20-24
-2.61% shares soared after the company reported financial results that outpaced analyst expectations, but those analysts warned that the "turnaround" tale at the high-tech giant may not have a happy ...
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Ex-Virginia bank executives guilty in financial crisis case
(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday on bank fraud conspiracy and other charges for concealing loan losses in a scheme that contributed to he bank's 2011 ...
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US markets turn sober after Japan plunge
THE 7.3 per cent plunge in Japanese stocks during the week injected needed sobriety into US markets, but they showed a resilience that cheered investors worried about protecting the year's ...
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REUTERS SUMMIT-Colombia cenbank chief worries about medium-term external shocks
Fri May 24, 2013 7:18pm EDT * Uribe happy about economic growth, inflation rates * Concerned about shocks coming from EU, US in medium term * Foreign reserves rise, could help protect economy By Helen Murphy and Eduardo Garcia BOGOTA, May 24 (Reuters) - Colombia's central bank chief said on Friday his main challenge over the medium term was preparing the nation for a normalization of U.S. ...
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Wall St Week Ahead Investors look for signs in the rallys break
By Caroline Valetkevitch NEW YORK | Fri May 24, 2013 7:10pm EDT NEW YORK May 24 (Reuters) - The U.S. stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Next week could make it harder to figure out, considering that the long Memorial Day weekend typically signals the start of the ...
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UPDATE 2-French Niger troops kill Islamists holding out at Niger base
Fri May 24, 2013 7:09pm EDT * Veteran Algerian jihadist Belmokhtar claims Niger attacks * Belmokhtar planned hostage taking at Algeria gas plant * Niger attacks are 'shockwave' of Mali conflict By Abdoulaye Massalatchi NIAMEY, May 24 (Reuters) - French special forces and Niger troops shot dead on Friday the last two Islamists involved in a twin attack on a military base and a French ...
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Stocks to Watch Stocks to watch Tiffany United Natural Foods
SAN FRANCISCO (MarketWatch) -- Tiffany & Co. and United Natural Foods will be among the stocks to watch Tuesday after the three-day holiday ...
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UPDATE 2-Investors boost direct investment in Mexico cut stocks
Fri May 24, 2013 6:44pm EDT MEXICO CITY May 24 (Reuters) - A healthy boost in foreign direct investment in the first quarter underscored confidence in Latin America's No. 2 economy even as investment flows into the country's stocks and bonds moderated, central bank data showed on Friday. Foreign direct investment reached $4.99 billion in the first quarter after touching negative ...
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Visa Mastercard ask U.S. court to declare card fees are lawful
An employee stands behind a MasterCard logo during the launch of the international credit card issuer's first ATM transaction in Myanmar, in Yangon November 15, ...
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Exclusive-Workplace wellness fails bottom line waistlines -RAND
By Sharon Begley NEW YORK | Fri May 24, 2013 6:34pm EDT NEW YORK May 24 (Reuters) - A long-awaited report on workplace wellness programs, which has still not been publicly released, delivers a blow to the increasingly popular efforts, Reuters has learned, casting doubt on a pillar of the Affordable Care Act and a favorite of the business community. According to a report by researchers ...
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Billionaire investor apologizes for saying women traders inferior
Fri May 24, 2013 6:25pm EDT May 24 (Reuters) - Billionaire investor Paul Tudor Jones, who riled both Wall Street and Main Street when he said that women will never quite rival men in investing or trading, apologized on Friday, noting that he has encouraged his daughters to pursue careers on Wall Street. "Much of my adult life has been spent fighting for equal opportunity, and the idea that I ...
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Petrobras says it has rejected offers for Argentine assets
RIO DE JANEIRO | Fri May 24, 2013 6:22pm EDT RIO DE JANEIRO May 24 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA said on Friday that its executive directors rejected offers to buy company assets in Argentina. The announcement, in a securities filing, did not say how many offers were made or which assets were the subject of the ...
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Mexico eyeing retaliatory measures in U.S. meat labeling dispute
MEXICO CITY | Fri May 24, 2013 6:18pm EDT MEXICO CITY May 24 (Reuters) - Mexico is considering imposing retaliatory trade measures on the United States in a dispute over meat labeling, the country's economy ministry said on Friday. Mexico said new U.S. rules for meat labeling were even more onerous than a set of regulations that the World Trade Organization (WTO) declared were ...
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EMERGING MARKETS-Latam stocks unchanged despite China Fed worries
* Concerns over Chinese economic growth, Fed stimulus weigh * Brazil Bovespa, Mexico IPC flat; Chile IPSA down 0.94 pct By Asher Levine SAO PAULO, May 24 (Reuters) - Latin American stocks were largely flat on Friday despite concerns over weak economic growth in China and a possible winding down of the U.S. Federal Reserve Bank's asset-buying program. Latin American markets also suffered this ...
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How the Dow Jones industrial average fared Friday
Both the Dow and S&P 500 had their first weekly losses since the week ending April 19. A disappointing manufacturing report out of China and a sharp fall in Japan's stock market rattled investors' nerves this week. But anxiety over the Federal Reserve's bond-buying program was the main culprit. Some investors interpreted comments from Fed officials to mean that the bank may ...
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Energy Stocks Energy stocks fall end week off 0.5
SAN FRANCISCO (MarketWatch) -- Energy stocks fell Friday, ending the week with a loss of 0.5% as gains earlier in the week cushioned heavy losses in recent trading ...
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WCI Communities files for IPO of up to $150 mln
Fri May 24, 2013 5:49pm EDT May 24 (Reuters) - Luxury home builder WCI Communities Inc filed with U.S. regulators on Friday to raise up to $150 million in an initial public offer of its common stock. The Florida-based company, which designs, sells and builds homes in coastal Florida, said it expects to benefit from low interest rates and rising rents that have encouraged more Americans to buy ...
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UPDATE 2-U.S. senator urges extreme caution on SoftBank -Sprint deal
Fri May 24, 2013 5:48pm EDT By Doug Palmer and Liana B. Baker WASHINGTON May 24 (Reuters) - An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks. "I have real concerns that this deal, if approved, could make American industry and ...
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UPDATE 1-PJM capacity auction prices tumble for 20162017
Fri May 24, 2013 5:47pm EDT May 24 (Reuters) - U.S. power grid operator PJM said on Friday its capacity auction secured a record amount of new generation and record imports for the 2016/2017 delivery year at much lower prices. PJM said it procured 169,160 megawatts of capacity resources at a base price of $59.37, down 56 percent from last year's base auction price. Capacity markets provide ...
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Oklahoma singer Shelton to headline May 29 tornado relief benefit
LOS ANGELES | Fri May 24, 2013 5:43pm EDT LOS ANGELES May 24 (Reuters) - Oklahoma country singer Blake Shelton said on Friday that he will headline a concert to benefit the victims of the Oklahoma tornado that swept through the city of Moore earlier this week, leaving 24 dead and thousands homeless. Shelton, a native of Ada, Oklahoma, which is 75 miles (120 km) northwest of Moore, said ...
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Google to bankroll build wireless networks across Africa -WSJ
Fri May 24, 2013 5:41pm EDT May 24 (Reuters) - Google Inc intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the Internet, the Wall Street Journal reported on Friday. The Internet search giant - which has for years espoused universal Web access - is employing a patchwork quilt ...
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UPDATE 3-Chile fines Barricks Pascua Lama halts gold project
Fri May 24, 2013 5:40pm EDT * Chilean regulator fines Barrick $16 million * Company says in process of reviewing regulator's demands * Barrick, Silver Wheaton shares fall, after being halted May 24 (Reuters) - Chilean environmental authorities on Friday ordered Barrick Gold Corp to halt work at its massive Pascua-Lama project and fined the company $16 million, citing serious environmental ...
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