US Markets News

Royalty Pharma takeover bid fails to find Elan ecceptance

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 ...
Chidambaram says U.S. Federal Reserves statement misunderstood calls for calm

Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...
China to issue 26b yuan in two-year T-bonds

The Ministry of Finance (MOF) said Friday that it will sell 26 billion yuan (4.2 billion US dollars) in two-year book-entry treasury bonds. The issuance marks the ministry's 12th issuance of book-entry treasury bonds this year, the ministry said in a statement on its website. ( The bonds carry a fixed annual interest rate of 2.98 percent. The interest will be paid every year on May 27, ...
UPDATE 1-Novo obesity drug could launch in U.S. end 2014

Fri May 24, 2013 6:20am EDT * Sees U.S. launch of liraglutide end 2014 or early 2015 * Analysts divided on likely commercial success * Bulls see peak sales of $4 bln, but reimbursement key * Novo shares up 0.7 percent, outperforming sector COPENHAGEN, May 24 (Reuters) - Danish drug maker Novo Nordisk said it could launch obesity treatment liraglutide in the United States by the end of next year ...
Global follow-on share offerings hit all-time high

LONDON | Fri May 24, 2013 6:12am EDT LONDON May 24 (Reuters) - Global follow-on share sale volumes have hit their highest year-to-date level since records began in 1980, powered by sellers taking advantage of rallying stock markets, Thomson Reuters data showed on Friday. According to the data, follow-on activity, which includes share offerings such as stake sales and rights issues, ...

Movie Review

How High [DVD]

The problem with pot comedies is that, in general, one has to be high to get any enjoyment out of them. Viewing them sober--or even anything less than completely inebriated, for that matter--tends to result in an irritating movie experience. Yeah, there's humor for the first few minutes, until you realize that the same basic joke is being repeated over and over again in slightly different variati ... ...

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Switzerlands top tax diplomat to step down- media

ZURICH | Fri May 24, 2013 6:11am EDT ZURICH May 24 (Reuters) - Switzerland's top representative on international financial affairs and its chief negotiator in talks to settle a long-running dispute with the U.S. tax authorities is stepping down, Swiss media reports said on Friday. The Tages-Anzeiger and NZZ newspapers quoted sources as saying Michael Ambuehl, who has been state ...
German Q2 GDP growth to outpace first quarter considerably - Ifo economist

European Central Bank to a historic low of 0.50 percent has had only a psychological effect in Germany, if at all. Earlier, the Munich-based Ifo think tank's business climate index for May improved to 105.7 from 104.4 in April, while the German statistics office confirmed that gross domestic product rose by a tepid 0.1 percent in the first quarter over the three months to December. ...
UPDATE 1-Academics back BPs fight to cap oil spill payouts

Fri May 24, 2013 6:08am EDT * Claims, payout rate may mean charge against 2014 profit * Accountancy professors represented by top lawyer * Appeal hearing set for July 8 By Andrew Callus LONDON, May 24 (Reuters) - A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its ...
Banks in the spotlight in debate over UK listing rules

By Clara Ferreira-Marques and Kylie MacLellan LONDON (Reuters) - As Britain's stock market watchdog pores over the implications of scandals at mining companies ENRC and Bumi, the role of sponsor banks who helped lead their listings is coming ...
Tighter oil market will boost unloved energy stocks-Investec

Fri May 24, 2013 6:04am EDT * U.S. shale oil production will disappoint * Market will tighten quickly going into the summer * Gas and oilfield services companies seen benefiting By Claire Milhench LONDON, May 24 (Reuters) - A tighter oil market in the second half of 2013 will boost some energy stocks, which have trailed the rest of the equity market though the rally, said Charles Whall, ...

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We must define the nature and scope of this struggle, or else it will define us. Neither I, nor any President can promise the total defeat of terror. What we must do is dismantle networks that pose a direct danger.

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The U.S. president was speaking on his administration's counter terrorism policy.

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Holiday Inn South Beach, Miami Beach

Located on the beach and equipped with a number of resort facilities this good standard 3 star Holiday Inn is ...

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Man held after four-year-old son shoots neighbour kid

The father of a four-year-old boy in New Jersey was arrested after his son fatally shot a six-year-old neighbour in the head, CNN reported.

Anthony Senatore, 33, was charged with six counts of endangering the welfare of children and a disorderly person's offence for enabling access by minors to a loaded firearm, said prosecutor Jim McClain from the Atlantic County Prosecutor's Office.

Senatore's son was playing in the yard April 8 when he went inside and retrieved his father's loaded .22-calibre rifle from the bedroom.

When he came back out, he fired a single shot that struck six-year-old Brandon Holt in the head.

Brandon was taken to the Jersey Shore University Medical Center, where he was pronounced dead the next day.

In addition to the loaded rifle, four other firearms were found in Senatore's bedroom, all unsecured, close to ammunition and accessible to his three children, the prosecutor's office said.