Former Apple CEO John Sculley is now taking on India's smartphone market with his firm called Sculley Brothers.» Read More
March 12- Shares of Zogenix Inc fell 14 percent after Purdue Pharma LP said it was moving ahead with an abuse-resistant rival to Zogenix's much-criticised painkiller.
*Sees 1st- quarter earnings $0.12- $0.18/ shr vs est $0.41/ shr. March 12- Express Inc forecast profit to slide by more than half in the current quarter, making it the latest U.S. apparel retailer to warn of an ongoing impact from deep discounts and declines in store traffic.
*Air force chief says unidentified plane tracked 200 miles northwest of Penang. KUALA LUMPUR/ PHU QUOC, Vietnam, March 12- M alaysia's military has traced what could have been the jetliner missing for almost five days to an area near India's Andaman and Nicobar islands, hundreds of miles from its last known position, the country's air force chief said on Wednesday.
*Market leader Abbott, others still investing in India. *GlaxoSmithKline spends $1 bln to raise India unit stake. The two top foreign players, Abbott Laboratories and GlaxoSmithKline Plc, are actually stepping up investment, and others such as AstraZeneca Plc are considering doing so.
In the past two days, U.S. apparel retailers, American Eagle Outfitters and Urban Outfitters Inc have warned that results in the current quarter would be hurt by stiff competition and choppy sales trends at malls.
March 12- Geron Corp said the U.S. Food and Drug Administration ordered a halt to trials of its cancer drug imetelstat over concerns about potential liver damage, sending the company's shares plunging almost 60 percent before the bell.
March 11- Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offered to buy Men's Wearhouse for about $2.3 billion.
March 11- Senomyx Inc said the U.S. Food and Drug Administration had declared that its Sweetmyx food flavoring was safe, paving the way for customers such as PepsiCo Inc to add it to drinks to reduce the use of sugar and sugar substitutes.
March 11- Clean Diesel Technologies Inc, a maker of emission control systems for vehicles, said it had started production of catalysts for Honda Motor Co's 2015 Acura TLX model, sending its shares up as much as 160 percent in early trading.
March 11- Senomyx Inc said the U.S. health regulator designated its Sweetmyx food flavoring safe, paving the way for customers such as PepsiCo Inc to add it in drinks to reduce the use of sugar or sugar substitutes.
March 11- Clean Diesel Technologies Inc, a maker of emission control systems for cars, said it had started production of catalysts for Honda Motor Co's 2015 Acura TLX model, sending its shares up as much as 146 percent in early trading.
NEW DELHI, March 11- India has to cut its Iranian oil imports by nearly two-thirds from the first quarter after the United States asked it to hold the shipments at end-2013 levels, in keeping with the nuclear deal easing sanctions on Tehran, Indian government sources said.
*India declines to remove cap on FII investment in govt debt. NEW DELHI, March 11- India has put on ice plans to join major emerging market bond indexes that would require removal of restrictions on capital inflows, two sources said, taking a decision that knocked the rupee, but showed balance of payments concerns were easing.
March 10- La Jolla Pharmaceutical Co said its lead experimental drug to treat chronic kidney disease met the main goal of improving kidney function in a mid-stage study, sending the company's shares up about 40 percent in extended trading.
March 10- La Jolla Pharmaceutical Co said its experimental drug to treat chronic kidney disease met the main goal of improving kidney function in a mid-stage study, sending the company's shares up 28 percent in extended trading. La Jolla's shares, which were halted prior to the news, closed at $10.90 on the Nasdaq on Monday.
March 10- SunPower Corp will launch the first tranche of its bonds backed by solar assets in the second half of the year, Chief Executive Thomas Werner told Reuters. SunPower's plan to launch notes backed by leases associated with its solar projects comes after SolarCity Corp became the first company to offer solar securities last year.
RIO DE JANEIRO/ LONDON, March 10- Emerging stocks fell over 1 percent on Monday after poor Chinese export data re-ignited global concerns of a slowdown in the world's No. 2 economy and pushed Chinese shares to a five-year closing low.
Soliris, the company's sole product on the market, is approved in the United States, the European Union and Japan for the two conditions. The drugmaker raised its full-year adjusted earnings forecast to $4.37- $4.47 per share from its previous estimate of $3.70- $3.80.
March 10- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it hired financial firms for advise on a potential sale of the company and on ways to deal with its $5.79 billion debt load. NII is struggling to stem customer losses in Mexico and Brazil, where it faces intense competition.
Weekend data showed China's exports unexpectedly tumbled in February, with a near-20 percent year-on-year dip swinging the trade balance into deficit.