News Archive - 25 September 2015

>AbbVie Inc (ABBV.N) said one of its experimental drugs improved symptoms of rheumatoid arthritis in mid-stage studies and scrapped plans to buy rights to a similar treatment from Belgium's Galapagos NV (GLPG.AS).Galapagos shares fell as much as 39 percent to 33.42 euros in Amsterdam on Friday,...

>Kraton Performance Polymers Inc (KRA.N), which makes rubbers used in adhesives, coatings and personal care products, has offered to acquire pine chemicals producer Arizona Chemical Company LLC, in a deal that could exceed $1.2 billion, including debt, according to people familiar with the matter.Kraton is competing in...

>WASHINGTON Endo International won U.S. antitrust approval to buy Par Pharmaceuticals, Inc on condition that it divest two generic medicines, the Federal Trade Commission said on Friday.The deal was valued at about $8 billion when it was announced in May. The FTC required Endo divest rights and assets...

>WASHINGTON Republican presidential candidate Jeb Bush will call for a decades-old ban on exporting U.S. crude oil to be lifted in a speech next week that will lay out an aggressive approach to growing jobs in the energy sector.Bush's speech on Tuesday at Rice Energy Inc., a...

>The correspondence with General David Petraeus, who was commander of U.S. Central Command at the time, started shortly before she entered office and continued during her first days as the top U.S. diplomat in January and February of 2009.The Defense Department provided the emails to the State...

>WASHINGTON U.S. House of Representatives Speaker John Boehner will leave Congress at the end of October after struggling with repeated rebellions by conservatives during a tumultuous five-year reign as the chamber's top Republican.The 65-year-old Ohio lawmaker stunned Republican House members at a meeting on Friday morning with the...

>IHS Inc (IHS.N) is preparing to submit an offer next week for Solera Holdings Inc (SLH.N), the software maker that agreed this month to sell itself to Vista Equity Partners LLC for $6.5 billion, including debt, people familiar with the matter said.IHS, an information services firm,...

>HP is suing Lynch, and former Autonomy finance director Sushovan Hussain, in London for damages of about $5.1 billion for their management of Autonomy, alleging they engaged in fraudulent activities to boost the value of the company.Lynch said on Friday that contentious issues, such as the sale of...

>NEW YORK Pope Francis on Friday condemned the craving for material gains and power, warning an annual gathering of world leaders at the United Nations that greed is destroying the Earth's resources and aggravating poverty.The 78-year-old Argentine pontiff also prayed at the memorial to those killed in the Sept.

>The rebels surrendered six pick-up trucks and some ammunition, or about one-quarter of their issued equipment, to a suspected Nusra intermediary on Sept. 21-22 in exchange for safe passage, said Colonel Patrick Ryder, a spokesman for U.S. Central Command, in a statement."If accurate, the report of NSF members...

>MINA, Saudi Arabia Saudi Arabia on Friday suggested pilgrims ignoring crowd control rules bore some blame for a crush that killed over 700 people at the haj pilgrimage in the annual event's worst disaster for 25 years.The kingdom's regional rival Iran expressed outrage at the deaths of 131 of...

>NEW YORK Wall Street is bracing for a grim earnings season, with little improvement expected anytime soon.    Analysts have been cutting projections for the third quarter, which ends on Wednesday, and beyond. If the declining projections are realized, already costly stocks could become pricier and equity investors could become...

>Global regulators reached a draft agreement Friday on a rule on stopping banks being "too big to fail", by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis.The proposed rule is known as total loss absorbency capacity or TLAC, and...

>NEW YORK The shock resignation of U.S. House Speaker John Boehner on Friday reduces the chances of a government shutdown next week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic data and commentary by Federal Reserve policymakers. Boehner said...

>WOLFSBURG, Germany Volkswagen (VOWG_p.DE) named company veteran Matthias Mueller as its chief executive on Friday as the German carmaker struggles to get to grips with a crisis over rigged diesel emission tests that its chairman called "a moral and political disaster."After a marathon board meeting at its headquarters...

>The S&P 500 erased an early Fed-driven rally to close down slightly on Friday, as a selloff in biotechs offset gains in banking shares.The Nasdaq fell 1 percent, while the Nasdaq Biotech Index .NBI tumbled 5.1 percent and retested its low from August, when it entered bear market...