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  • US STOCKS-Wall St falls; Valeant, healthcare drop Wednesday, 21 Oct 2015 | 4:57 PM ET

    *Valeant sinks after Citron report, drags Allergan. Shares of Allergan, which has a business model similar to that of Valeant, was down 1.7 percent at $259, cutting earlier losses after the company said nearly all of its drugs are being distributed through traditional wholesale and retail channels. Also in the healthcare sector, insurers Aetna, Humana, Anthem and...

  • Allergan clarifies on drug distribution practices Wednesday, 21 Oct 2015 | 12:20 PM ET

    Oct 21- Drugmaker Allergan Plc said on Wednesday that nearly all of its drugs are being distributed through traditional wholesale and retail channels. Allergan's clarification comes two days after a New York Times report said drugmakers were using specialty pharmacy distributors to work around barriers to increase drug prices. The company also said on...

  • WASHINGTON, Oct 12- The U.S. Justice Department is probing allegations that Anheuser-Busch InBev is seeking to curb competition in the beer market by buying distributors, making it harder for fast-growing craft brewers to get their products on store shelves, according to three people familiar with the matter. The Justice Department review comes at an awkward...

  • WASHINGTON, Oct 9- U.S. import prices barely declined in September, with oil prices rebounding and the drag on prices from a weak global economy appearing to moderate, Labor Department data showed on Friday. "Today's report suggests a significant slowing in the rate of imported deflation," said Blerina Uruçi, an analyst at Barclays. Fed Chief Janet Yellen, who said...

  • U.S. wholesale inventories rise slightly in August Friday, 9 Oct 2015 | 10:00 AM ET

    WASHINGTON, Oct 9- U.S. wholesale inventories rose in August, boosted by larger stocks of computers and professional equipment used by businesses. The Commerce Department said on Friday that wholesale inventories increased 0.1 percent, outpacing the median forecast of a flat reading in a Reuters poll. Inventories are a key component of gross domestic product...

  • MELBOURNE, Oct 9- London zinc surged three percent on Friday after top miner Glencore said it would slash its annual output by a third, while overall sentiment for metals was buoyed by minutes showing the Federal Reserve was in no hurry to raise rates. *Shanghai zinc gained 1.4 percent to 14,020 yuan a tonne. *Commodities giant Glencore said on Friday it will cut...

  • SINGAPORE, Oct 9- Chicago wheat futures edged higher on Friday, taking a breather after falling nearly 3 percent in the past two sessions on forecasts for beneficial rains in parts of the U.S. winter crop belt. Corn and soybean prices were largely unchanged as investors waited on monthly supply-demand reports from the U.S. Department of Agriculture later in the...

  • SINGAPORE, Oct 9- Gold ticked higher on Friday, recovering modestly from overnight losses, but uncertainty over whether the Federal Reserve would hike U.S. rates this year weighed on the market. *Spot gold edged up 0.1 percent to $1,140.10 an ounce by 0040 GMT, after dropping 0.6 percent in the previous session following the release of minutes from the Fed's Sept....

  • NEW YORK/ LONDON/ SINGAPORE, Sept 30- The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime while sending U.S. buyers racing abroad to fulfill a sudden surge in demand. "Silver demand is absolutely through the roof," said Neil Vance, wholesale manager at the Perth Mint.

  • Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 275,000 for the week ended Sept. 5, the Labor Department said on Thursday. "Consistently low readings for initial and continuing jobless claims suggest that the separations side of the labor market remains healthy, and we see little reason to expect a meaningful shift in...

  • U.S. wholesale inventories fall for first time since 2013 Thursday, 10 Sep 2015 | 10:00 AM ET

    WASHINGTON, Sept 10- U.S. wholesale inventories fell in July for the first time in nearly two years, a tentative sign that businesses were starting to whittle down a huge stockpile of merchandise that could weigh on production in the second half of the year. The Commerce Department said on Thursday that wholesale inventories slipped 0.1 percent, the weakest...

  • Sept 10- Wall Street was set to open lower on Thursday, with index futures wiping out earlier gains as more uncertain news emerged out of China. Data showed that producer prices in China fell for the 42nd straight month and car sales dropped, in the most recent sign that deflation remains a significant risk for the world's No. 2 economy. "What is China going to do?

  • Sept 10- U.S. stock index futures were slightly higher on Thursday, a day after Apple and a fall in oil prices dragged down Wall Street by more than 1 percent. *World stocks were lower as more uncertain news emerged from China, with Chinese stocks ending the day in the red. *Data showed that producer prices in China fell for the 42nd straight month and car sales dropped, in...

  • *Copper prices bottom out on production cuts- AME Group. MELBOURNE, Sept 10- London copper slipped on Thursday from seven-week highs touched the previous session, as profit-taking that began in U.S. equities fed into global markets, and as more soft data on China stoked jitters over its economic growth. Other data from China in coming weeks is likely to point to...

  • METALS-London copper slips as China jitters persist Wednesday, 9 Sep 2015 | 9:47 PM ET

    MELBOURNE, Sept 10- London copper slipped on Thursday from seven-week highs touched the previous session, as profit-taking that began in U.S. equities fed into global markets, souring sentiment on China and refueling doubts over the scale of its demand for metals. *Shanghai Futures Exchange copper slipped 0.1 percent to 40,780 yuan a tonne.

  • GRAINS-Soybeans firm, poor export demand caps gains Wednesday, 9 Sep 2015 | 9:26 PM ET

    SYDNEY, Sept 10-- U.S. soybeans rose on Thursday, rebounding from losses of nearly one percent in the previous session, but prices were capped by poor export demand for supplies from the United States. *Chicago Board Of Trade November soybeans rose 0.26 percent to $8.74-1/ 2 a bushel, having closed down 0.8 percent on Wednesday. *Cash market sales of corn and soybeans...

  • SINGAPORE, Sept 10- Gold languished near a four-week low on Thursday, retaining losses from its biggest drop in nearly two months overnight, as higher equities and uncertainty over the timing of a U.S. interest rate hike weighed. *Spot gold was little changed at $1,106.60 an ounce by 0031 GMT, after dropping 1.4 percent in the previous session- its biggest daily drop...

  • Fast-food rival Burger King already has committed to using only cage-free eggs by 2017. Other large companies such as Starbucks Corp, General Mills Inc, Nestle, Sodexo Inc and Aramark also are in the process of switching. Celebrities such as film star Ryan Gosling have teamed up with HSUS to pressure Costco Wholesale Corp to eliminate cage-confined chickens...

  • Fast-food rival Burger King said in 2012 it would switch to cage-free eggs by 2017. Other large companies such as Starbucks Corp, General Mills Inc, Nestle, Sodexo Inc and Aramark also are in the process of switching. Celebrities such as film star Ryan Gosling have teamed up with HSUS to pressure Costco Wholesale Corp to eliminate cage-confined chickens from...

  • STOCKHOLM, Sept 2- The former chief executive of carmaker Saab Automobile was charged on Wednesday with giving false testimony, as the aftermath of the Swedish company's bankruptcy played out in court. Jan Ake Jonsson was charged in a Swedish district court with giving false testimony over an import and wholesaler agreement in Ukraine in March 2011 when he was...