|
|
|
 |
NANTERRE, France (AP) — A French drug company and its founder are on trial on charges of misleading the public about a diabetes drug marketed as a weight loss method and suspected in hundreds of deaths.
Tuesday, May 21, 2013 15:08 |
|
By Jason Bush MOSCOW, May 25 - Interpol has refused to include UK-based fund manager William Browder on its international search list after deciding that Russia`s tax evasion case against him is `of a predominantly political nature`. The decision is the latest twist in a long-running battle between the government of Russian President Vladimir Putin and Browder, whose investment company Hermitage Capital was once the largest investor in Russia`s equity market. ...
Saturday, May 25, 2013 17:27 |
|
By Karen Jacobs (Reuters) - US Airways Group and American Airlines , seeking approval for a merger that would create the world`s largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told Reuters. The airlines may be required to shed slots Washington`s Reagan National Airport to prevent market domination. There is concern that those slots could go to rivals, such as JetBlue Airways , which would likely use them for flights to major cities. ...
Saturday, May 25, 2013 02:33 |
|
By Ilaina Jonas NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner`s entry into a new segment of the retail real estate market, according to two sources familiar with the deal. Bids for the 27-story office and retail building at 650 Madison Avenue, one of the toniest shopping and office districts in Manhattan, could exceed $1.3 billion, the sources said. Other bidders include Vornado Realty Trust , one of the sources said. ...
Saturday, May 25, 2013 00:43 |
|
By Caroline Valetkevitch NEW YORK (Reuters) - The 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 summer. The three major U.S. stock indexes posted a decline for the week on Friday, their first weekly loss since mid-April, raising some fresh worries that this year`s rally may be weakening. ...
Saturday, May 25, 2013 00:36 |
|
By Ilaina Jonas NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for one of the most sought after Manhattan office buildings on the market, making what could be the mall owner`s entry into the urban street retail real estate market, according to sources familiar with the deal. Bids for 650 Madison Avenue could exceed $1.3 billion, according to sources, who were not authorized to speak publicly. The decision on the winning bid is expected next week, said one source. ...
Friday, May 24, 2013 22:30 |
|
By Ilaina Jonas NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties in a bid for one of the most sought after Manhattan office buildings on the market, making what could be the mall owner`s entry into the urban street retail real estate market, according to sources familiar with the deal. Bids for 650 Madison Avenue could exceed $1.3 billion, according to sources who were not authorized to speak publicly. The decision on the winning bid is expected next week, said one source. (Reporting by Ilaina Jonas)
Friday, May 24, 2013 21:21 |
|
By Ian Chua SYDNEY (Reuters) - Asian stocks fell to one-month lows on Friday and the yen rebounded broadly as extreme volatility in the Nikkei kept investors on edge. MSCI`s broadest index of Asia-Pacific shares outside Japan shed 0.4 percent and reached levels not seen since April 19, extending Thursday`s 2.2 percent fall. Australian shares underperformed, sliding 1.6 percent. `There`s a lot of volatility... from Japan, which is not good for market stability or confidence,` said Stan Shamu, market strategist at IG in Melbourne. ...
Friday, May 24, 2013 08:33 |
|
By Caroline Valetkevitch NEW YORK (Reuters) - All trades in American Electric Power Inc and NextEra Energy Inc in a crash that happened in the first minute of trading on Thursday will stand, the New York Stock Exchange said, following the latest in a flurry of unexplained sharp drops in the market. The stocks each dropped more than 50 percent in the first minute of trading, though ended just down slightly. The share drops were the latest such incidents for the market since the May 6, 2010, `flash crash,` a computer-driven trading glitch that caused a sudden afternoon tumble in the major U.S. ...
Thursday, May 23, 2013 22:45 |
|
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 340,000, the Labor Department said on Thursday, pushing back below the 350,000 mark that economists normally associate with a firming job market. Claims for the prior week were revised to show 3,000 more applications received than previously reported. ...
Thursday, May 23, 2013 13:42 |
|
