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Pharmaceuticals

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  • *AbbVie retracts claim that Shire investors support bid. LONDON, July 9- U.S. drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its $51 billion bid for Shire after being caught out by British takeover rules.

  • *France's Servier, Israel's Teva among those fined. BRUSSELS, July 9- European Union antitrust regulators fined French drugmaker Servier, Israel's Teva and four others a total of 428 million euros on Wednesday for blocking cheaper generic medicine.

  • $580 million EU antitrust fine for drug makers Wednesday, 9 Jul 2014 | 5:59 AM ET

    BRUSSELS— The European Union's antitrust body is imposing a fine of 428 million euros on France's pharmaceutical company Servier and five producers of generic medicines for distorting competition.

  • *AbbVie retracts claim that Shire investors support bid. LONDON, July 9- U.S. drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its bid for Shire after being caught out by British takeover rules.

  • LONDON, July 9- U.S. drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its bid for Shire after being caught out by British takeover rules. "AbbVie confirms that it has not received any written commitments of support and accordingly retracts the statements," it said on Wednesday.

  • AP Top Extended Financial Headlines At 6:32 p.m. EDT Tuesday, 8 Jul 2014 | 6:32 PM ET

    Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Failure of Crumbs shows dangers of rapid expansion, tying business to a single product Uber goes after the nation's taxis with temporary price cuts in major US cities US stocks fall for a second day ahead of quarterly earnings results; Social media names slump Public vs private college grads earn about same, survey finds, and certain majors out-earn all Aluminum maker Alcoa posts $138 million profit in 2 Q on strong products business Ford issues 6 recalls of 100,610 vehicles for safety defects US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion American Airlines CEO gives upbeat outlook for travel demand and capacity US consumer borrowing up $19.6 billion in May; gains slow after sudden April acceleration

  • Hospital pharmacist charged in theft of 200K pills Tuesday, 8 Jul 2014 | 5:26 PM ET

    Narcotics prosecutors say a NYC hospital's former pharmacy chief stole nearly 200,000 oxycodone pills over more than five years.

  • AP Top Extended Financial Headlines At 5:06 p.m. EDT Tuesday, 8 Jul 2014 | 5:06 PM ET

    Aluminum maker Alcoa posts $138 million profit in 2 Q on strong products business US consumer borrowing up $19.6 billion in May; gains slow after sudden April acceleration US stocks fall for a second day ahead of quarterly earnings results; Social media names slump Failure of Crumbs shows dangers of rapid expansion, tying business to a single product US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence Public vs private college grads earn about same, survey finds, and certain majors out-earn all Uber goes after the nation's taxis with temporary price cuts in major US cities Senate panel probing GM recall to hear from switch maker CEO, compensation expert Feinberg US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax

  • AP Top Extended Financial Headlines At 4:35 p.m. EDT Tuesday, 8 Jul 2014 | 4:35 PM ET

    US stocks fall as quarterly earnings results loom; Technology stocks slide US consumer borrowing up $19.6 billion in May; gains slow after sudden April acceleration Failure of Crumbs shows dangers of rapid expansion, tying business to a single product US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence Public vs private college grads earn about same, survey finds, and certain majors out-earn all Uber goes after the nation's taxis with temporary price cuts in major US cities Senate panel probing GM recall to hear from switch maker CEO, compensation expert Feinberg US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Ford issues 6 recalls of 100,610 vehicles for safety defects

  • AP Top Extended Financial Headlines At 3:04 p.m. EDT Tuesday, 8 Jul 2014 | 3:04 PM ET

    US stocks fall in afternoon trading before quarterly earnings results; tech stocks down most US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence Public vs private college grads earn about same, survey finds, and certain majors out-earn all US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Ford issues 6 recalls of 100,610 vehicles for safety defects American Airlines CEO gives upbeat outlook for travel demand and capacity Struggling cupcake shop operator Crumbs says its shuttering all its stores Countries' defiance of EU ban on gas pipeline highlights Russia's energy clout in Europe EU governments at odds over allowing more debt-financed spending to boost economy, create jobs

  • AP Top Extended Financial Headlines At 2:24 p.m. EDT Tuesday, 8 Jul 2014 | 2:24 PM ET

    US stocks fall in afternoon trading before quarterly earnings results; tech stocks down most US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence Public vs private college grads earn about same, survey finds, and certain majors out-earn all US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Ford issues 6 recalls of 100,610 vehicles for safety defects American Airlines CEO gives upbeat outlook for travel demand and capacity Struggling cupcake shop operator Crumbs says its shuttering all its stores Countries' defiance of EU ban on gas pipeline highlights Russia's energy clout in Europe EU governments at odds over allowing more debt-financed spending to boost economy, create jobs

  • AP Top Extended Financial Headlines At 1:17 p.m. EDT Tuesday, 8 Jul 2014 | 1:17 PM ET

    US stocks fall in midday trading ahead of second-quarter earnings results; Nasdaq down sharply US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence Public vs private college grads earn about same, survey finds, and certain majors out-earn all US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Ford issues 6 recalls of 100,610 vehicles for safety defects Struggling cupcake shop operator Crumbs says its shuttering all its stores Countries' defiance of EU ban on gas pipeline highlights Russia's energy clout in Europe EU governments at odds over allowing more debt-financed spending to boost economy, create jobs Samsung's operating profit hits 2- year low in 2 Q on strong won, weak smartphone sales in China

  • AP Top Extended Financial Headlines At 12:15 p.m. EDT Tuesday, 8 Jul 2014 | 12:15 PM ET

    US stocks slide for second day as earnings reports loom; AbbVie falls after raising Shire bid US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Shares lackluster after key US indexes pull back from record highs Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Ford issues 6 recalls of 100,566 vehicles for safety defects Struggling cupcake shop operator Crumbs says its shuttering all its stores Countries' defiance of EU ban on gas pipeline highlights Russia's energy clout in Europe EU governments at odds over allowing more debt-financed spending to boost economy, create jobs Samsung's operating profit hits 2- year low in 2 Q on strong won, weak smartphone sales in China

  • AP Top Extended Financial Headlines At Noon EDT Tuesday, 8 Jul 2014 | 11:55 AM ET

    US stocks slide for second day as earnings reports loom; AbbVie falls after raising Shire bid US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Ford issues 6 recalls of 100,566 vehicles for safety defects Struggling cupcake shop operator Crumbs says its shuttering all its stores Countries' defiance of EU ban on gas pipeline highlights Russia's energy clout in Europe Samsung's operating profit hits 2- year low in 2 Q on strong won, weak smartphone sales in China Chinese tourist attraction that features in' Transformers' plans to sue producer Paramount On a roll: Sales of super-expensive Rolls-Royce cars are up 33 percent globally

  • *EU shift to Avastin a threat to Novartis, Bayer profits. PARIS, July 8- French lawmakers voted on Tuesday to allow the use of Roche's cancer drug Avastin as a cheap alternative eye treatment, in a budget-minded move critics fear could put patients' health- and company profits- at risk.

  • US stocks slide for a second day as earnings loom Tuesday, 8 Jul 2014 | 9:57 AM ET

    Boeing and Goldman Sachs fell the most in the index. AbbVie fell $1.63, or 3 percent, to $55.77 after the company raised its offer to buy rival drugmaker, Shire. Major U.S. companies start reporting their earnings this week, beginning with aluminum maker Alcoa later Tuesday.

  • July 8- German drugmaker Boehringer Ingelheim said its experimental blood cancer drug met its main goal in a mid-stage trial and improved overall survival rate among patients.

  • LONDON, July 8- U.S. drugmaker AbbVie could still decide to go hostile if Shire fails to engage in negotiations, its chief executive said on Tuesday.

  • AbbVie raises its bid for Shire by about 11 pct Tuesday, 8 Jul 2014 | 8:53 AM ET

    NEW YORK— U.S. drugmaker AbbVie has boosted its offer for Shire by 11 percent to about $51.3 billion, hoping it will be enough to pique the interest of its British counterpart. North Chicago, Illinois- based AbbVie is now making an unsolicited offer of 51.15 British pounds per Shire PLC share in cash and stock.

  • AbbVie hikes bid for drugmaker Shire to $51 billion Tuesday, 8 Jul 2014 | 8:28 AM ET

    U.S. drugmaker AbbVie upped its offer for London-based Shire to 51.15 pounds per share after the U.K. company balked at an earlier offer.