News Archive - 27 July 2015

>No price for the sale was disclosed in a statement, but a source with direct knowledge of the sale told Reuters in April that the firm was expected to fetch more than A$3 billion ($2.19 billion) after having attracted more than 20 bids.Nearly half of those came from...

>Sanofi's rare diseases division Genzyme will pay AstraZeneca up to $300 million for global rights to Caprelsa, including an upfront payment of $165 million and milestone payments based on the drug's performance of up to $135 million, the companies said on Monday.Caprelsa is sold in 28 countries for treating...

>AMES, Iowa Democratic presidential candidate Hillary Clinton called on Sunday for a dramatic national shift to energy sources such as solar and wind, setting a goal of generating enough clean renewable energy to power every U.S. home within a decade after she takes office.Clinton, the front-runner for her...

>WASHINGTON U.S. Republican presidential contender Rand Paul said on Sunday he plans to push Congress to cut federal funding for the non-profit reproductive healthcare organization Planned Parenthood in a debate over its treatment of aborted fetal tissue."I think the time is now to discuss whether taxpayer dollars should...

>The Apple Watch and Apple Watch Sport models will be sold at more than 300 Best Buy stores in time for the holiday shopping season, a spokeswoman for Apple Inc said."Customers love Apple Watch, and we are thrilled to begin offering it at Best Buy," she said in an...

>Online gambling firm GVC Holdings Plc returned on Monday with a new 1-billion-pound ($1.55 billion) bid for rival Bwin.party Digital Entertainment, looking to gatecrash a recently accepted offer from 888.Bwin, which went on the block last year, accepted a cash and stock deal worth almost 900 million...

>“My message to the people of Ethiopia is: as you take steps moving your country forward the United States will be standing by you the entire way," he told a joint news conference with Ethiopian Prime Minister Hailemariam Desalegn. (Reporting by Jeff Mason; Writing by Edmund Blair; Editing by Alison...

>MUMBAI Facebook Inc plans to scale up its service to offer free basic Internet on mobile phones, an executive said, after introducing the application in 17 developing countries over the past year.In a blog post released to mark the first year of the initiative, Facebook said it will open...

>ISTANBUL/BEIRUT Kurdish fighters in northern Syria accused the Turkish army of shelling their positions on Monday, highlighting the precarious path Ankara is treading as it simultaneously battles Islamic State in Syria and Kurdish insurgents in Iraq.Long a reluctant member of the U.S.-led coalition against Islamic State, Turkey...

>The Arab coalition fighting the Houthis, an Iranian-allied movement that controls large parts of Yemen after seizing the capital in September, had announced a five-day ceasefire from 11:59 p.m. (2059 GMT) on Sunday to allow emergency aid deliveries amid severe shortages of fuel, food and medicine.But the Saudi-owned...

>Coeure told French daily Le Monde that all euro zone countries wanted Greece to remain in the shared currency bloc and were prepared to offer "unprecedented financial solidarity" as long as Greece carried out reforms."In truth, the question is not whether to restructure Greece's debt but rather how to...

>FRANKFURT Bank lending across the euro zone improved further in June as home buyers dashed for cheap loans and brushed off uncertainty over Greece, European Central Bank data showed on Monday.The picture for credit in the bloc has been gradually improving since late 2014 after the ECB embarked on...

>LONDON European stocks and major commodity prices fell hard on Monday as concerns over China dominated financial markets in the wake of the biggest drop in Shanghai shares in eight years.The dollar was weak ahead of the week's main set piece - Wednesday's Federal Reserve policy decision and statement...

>TEL AVIV Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pharmaceutical firms. The deal, the largest in Israel's corporate history, prompted Teva to drop...

>SHANGHAI Chinese shares tumbled more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations abruptly ran out of steam, throwing the viability of Beijing's efforts to stave off a deeper crash into doubt.Major indexes suffered their largest one-day drop since 2007, shattering three...

>U.S. stock index futures fell sharply on Monday on concerns about China's slowing growth in the wake of the biggest drop in Shanghai shares in eight years.* Chinese shares tumbled more than 8 percent as an unprecedented government rescue plan to prop up valuations abruptly ran out of...