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  • Valeant Pharmaceuticals said U.S. regulators have raised concerns over a new eye drop manufactured at a Bausch + Lomb facility in Florida.

  • July 22- Valeant Pharmaceuticals International said on Friday U.S. regulators have raised concerns over a new eye drop manufactured at a Bausch+ Lomb facility in Florida. The U.S. Food and Drug Administration, in a complete response letter regarding the eye drop for a type of glaucoma, raised concerns over Current Good Manufacturing Practice at the unit.

  • July 21- PulteGroup Inc said on Thursday it has appointed three new directors to its board as part of a settlement deal with Elliott Management Corp, the hedge fund founded by billionaire Paul Singer. The appointment comes as the company searches for a new chief executive after Chairman and CEO Richard Dugas announced his resignation, effective May 2017, bowing...

  • July 21- PulteGroup Inc said it appointed three new directors to its board as part of a settlement deal with Elliott Management Corp, the hedge fund founded by billionaire Paul Singer. The appointment comes as the company searches for a new chief executive after its chairman and CEO, Richard Dugas, announced his resignation, effective May 2017, bowing to a demand...

  • *Board approves $1 bln increase in share buyback. The appointment comes as the company searches for a new chief executive after its chairman and CEO, Richard Dugas, announced his resignation, effective May 2017, bowing to a demand from founder and largest shareholder Bill Pulte. PulteGroup appointed John Peshkin, Scott Powers and Joshua Gotbaum as independent...

  • PulteGroup said it appointed John Peshkin, Scott Powers and Joshua Gotbaum as independent directors, expanding the board's size to 13.. Peshkin is a managing partner at private real estate investment group Vanguard Land LLC, while Scott Powers most recently was the executive vice-president of financial services company State Street Corp. Joshua Gotbaum...

  • ROCHESTER, N.Y.— Billionaire businessman Thomas Golisano has donated $2 million to a public broadcasting operation in his upstate New York hometown. WXXI President and CEO Norm Silverstein announced Wednesday that Golisano's gift will help assure that public broadcasting will serve the Rochester area "for many years to come." Golisano is founder and...

  • ATLANTIC CITY, N.J.— With a strike against the Trump Taj Mahal casino about to enter its fourth week and no end in sight, Atlantic City's main casino workers union turned up the heat Thursday, surrounding the massive gambling hall with hundreds of picketers, some traveling hundreds of miles to support the walkout. Picketers from unions in Baltimore, Washington, New...

  • SAO PAULO, July 20- Mexico's stock market rallied for a fifth straight day on Wednesday, but its peso currency weakened on concerns over higher U.S. interest rates. Federal Reserve could raise rates as soon as September after a muted market reaction to Britain's decision to leave the European Union weighed on the Mexican peso. "Stock markets are brushing over the...

  • CLEVELAND— With Donald Trump's campaign reeling from charges of plagiarism, a speechwriter for his company took the blame and offered to resign over nearly identical passages from Melania Trump's Republican convention speech and Michelle Obama's remarks eight years ago. The speechwriter, however, made it clear that Melania Trump knew that the passages she...

  • LONDON— Pimco, one of the world's biggest bond investors, has nabbed the head of hedge fund giant Man Group to be its next chief executive. Luke Ellis will replace Roman at Man Group, one of the world's largest publicly-traded alternative asset managers. "Man Group is an excellent business and I am sad to be leaving, but I have decided to accept this new, outstanding...

  • *IPO would be largest in China's cinema industry. The China unit of state-owned China Film Group Corp plans to issue up to 467 million shares in Shanghai, representing 25.01 percent of its issued share capital, according to its prospectus filed with the Shanghai bourse. Fueled by a growing urban middle class, China's movie industry saw box office revenue...

  • NEW YORK, July 19- Gawker Media LLC founder Nick Denton faces personal bankruptcy after a U.S. judge refused on Tuesday to extend protections shielding him from liabilities resulting from a lawsuit over the invasion of privacy of former professional wrestler Hulk Hogan. Gawker, a U.S. internet publisher, filed for Chapter 11 bankruptcy protection in June after...

  • ALBUQUERQUE, N.M.— The head of the New Mexico Spaceport Authority said Tuesday she will resign, saying she still believes in the commercial space industry and that Spaceport America has a role to play despite criticism that flights filled with paying passengers have not yet lifted off from the remote desert site. Susana Martinez obtained by The Associated...

  • July 18- Yahoo Inc's quarterly earnings fell short of Wall Street expectations on Monday in what may be the company's last financial report before it sells its core business. Verizon Communications Inc and AT&T Inc are said to be in the running to acquire the core business, along with private equity firm TPG Capital and a consortium led by Quicken Loans founder...

  • Revenue in the company's emerging businesses, which Chief Executive Officer Marissa Mayer calls Mavens- mobile, video, native and social advertising- showed some life, rising 25.7 percent to $504 million in the second quarter ended June 30. The company posted a net loss of $439.9 million, or 46 cents per share, compared with a loss of $21.6 million, or 2 cents per...

  • ATLANTIC CITY, N.J.— An Atlantic City casino owned by billionaire Carl Icahn withdrew an offer to restore health insurance for its striking workers Monday after the union refused to put the measure up for a vote 18 days into a walkout. The Trump Taj Mahal had given striking Local 54 of Unite-HERE workers until Monday to vote on its offer, but union president Bob...

  • SAN FRANCISCO— Yahoo's latest earnings report leaves no doubt the internet company is stuck in a downward spiral. But after subtracting commissions paid to its partners, Yahoo said its revenue fell 19 percent from a year earlier, while its loss widened to $440 million. Yahoo also reported Monday that it's writing down $482 million in charges related to the...

  • July 18- Yahoo Inc reported a 5.2 percent rise in total quarterly revenue, a sign of improvement in its troubled core Internet business it is auctioning off. Verizon Communications Inc and AT&T Inc are said to be in the running, as well as private equity firm TPG Capital and a consortium lead by Quicken Loans founder Dan Gilbert and backed by billionaire Warren...

  • July 18- A Berkshire Hathaway Inc unit has agreed to buy Medical Liability Mutual Insurance Co, expanding billionaire investor Warren Buffett's business of protecting doctors, dentists and other healthcare professionals against lawsuits. MLMIC is the largest underwriter of medical professional liability insurance in New York, Berkshire's National...