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*Move aimed towards making drugs more affordable in India. MUMBAI, July 14- India has capped the prices of more than 100 drugs used to treat diseases ranging from diabetes to HIV, a move likely to hit the profit margins of drug firms such as Sanofi SA, Abbott Laboratories and Ranbaxy Laboratories Ltd..
July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said it took a related pre-tax charge of about $3.8 billion in the second quarter. Citigroup's shares were up 3.9 percent at $48.82 in premarket trading on Monday.
July 14- Hospital operator Kindred Healthcare Inc raised its offer for Gentiva Health Services Inc to $16 per share, valuing the company at about $2.53 billion. Gentiva's stock rose about 2 percent to $16.08 in trading before the bell on Monday.
TORONTO, July 14- Bombardier Inc's long-delayed CSeries aircraft program received a boost on Monday, when the company announced two tentative orders for a total of up to 24 jets worth nearly $1.6 billion. Montreal- based Bombardier said it had signed an agreement with Chinese carrier Zhejiang Loong Airlines Co Ltd for 20 of its CSeries jetliners.
July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said on Monday it would pay $4.5 billion in cash and provide $2.5 billion in consumer relief. Citigroup's shares were up 1.4 percent at $47.65 before the bell.
July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said on Monday it would pay a total of $4.5 billion in cash and provide $2.5 billion in consumer relief.
Rajiv Biswas, chief economist for Asia Pacific at IHS Global Insight, comments on Indian inflation and says that it will be "very difficult" for the new government to bring it down this year.
*Risk of drought, Iraq turmoil add to inflation worries. NEW DELHI, July 14- India's wholesale price inflation eased to a four-month low in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the central bank to keep interest rates on hold.
BANGALORE, July 14- Naveen Rabelli's tuk-tuk broke down the first time he rolled it out of his garage. The electrical engineer didn't lose heart: now, he plans to drive his customized three-wheeler all the way to London.
Radhika Rao, Economist at DBS, expects consumer price and wholesale price inflation for June to remain weak until the last quarter of this year, and warns of persisting underlying pressures.
Paul Krake, Founder of View from the Peak: Macro Strategies, says ratings for Brazilian president Dilma Roussef will fall post-World Cup. He later discusses the outlook for the BRICS nations.
CNBC's Christine Tan breaks down this week's key risk events.
July 11- Crumbs Bake Shop Inc may get a second chance if a bankruptcy judge approves a deal for the owner of Dippin' Dots ice cream and the star of a reality television show to buy and reopen the U.S. cupcake chain, according to a court document.
Maria Zhang, a senior director of engineering at Yahoo Mobile, has been sued by Nan Shi, who worked as a principal software engineer in Yahoo from February 2013, according to a complaint filed on July 8 in Santa Clara Superior Court in San Jose, California.
July 11- Mondelez International Inc, maker of Cadbury chocolate and Oreo cookies, said it would create a "stand-alone" European cheese and grocery business to focus on its fast-growing snacks business, including biscuits, gum and candy.
July 11- Investors withdrew assets worth nearly $400 million from Saba Capital Master Fund, a unit of Boaz Weinstein's Saba Capital Management LP, the Wall Street Journal reported on Friday.
July 11- Ford Motor Co said about 500,000 of its vehicles were being investigated by the National Highway Traffic Safety Administration for steering problems. The company will cooperate with the NHTSA investigation, Ford spokeswoman Kelli Felker told Reuters in an email.
July 11- Chrysler Group LLC said it would recall almost 900,000 sport utility vehicles to fix the wiring for vanity mirror lights in sun visors, to prevent short circuits. About 651,000 of the 895,000 vehicles being recalled are in the United States.
July 11- Chrysler Group LLC said it would recall almost 900,000 sport utility vehicles to fix the wiring for vanity mirror lights to prevent any potential short circuits. The recall affects some 2011-2014 models of Jeep Grand Cherokee and Dodge Durango, the company said in a statement.
July 11- Nordion Inc, a Canadian supplier of medical isotopes, said it had cleared a U.S. antitrust hurdle, paving the way for the company to be acquired by Sterigenics. The U.S. Federal Trade Commission terminated the waiting period for the acquisition under the Hart-Scott-Rodino Antitrust Improvements Act, Nordion said in a statement.