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  • AP Top Extended Financial Headlines At 5:44 p.m. EDT Monday, 14 Jul 2014 | 5:44 PM ET

    BRICS bank: 5 emerging economic powers to announce alternatives to IMF, World Bank Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages US stocks march higher on acquisition and earnings news; Citigroup gains US companies look more to overseas combinations for tax relief back home AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock Oil stays near $101 a barrel; US gasoline prices slip to 3- month low Ernst& Young paying $4 M to settle SEC charges over lobbying Congress for 2 audit clients Samsung suspends business with Chinese supplier after child labor allegation VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs

  • AP Top Extended Financial Headlines At 4:30 p.m. EDT Monday, 14 Jul 2014 | 4:30 PM ET

    US stocks march higher, shaking off worst week in three months; Citigroup gains BRICS bank: 5 emerging economic powers to announce alternatives to IMF, World Bank Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages US companies look more to overseas combinations for tax relief back home AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock Oil stays near $101 a barrel; US gasoline prices slip to 3- month low Ernst& Young paying $4 M to settle SEC charges over lobbying Congress for 2 audit clients Samsung suspends business with Chinese supplier after child labor allegation VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs

  • Stocks snap higher on Wall Street; Citigroup up Monday, 14 Jul 2014 | 4:10 PM ET

    Stocks are closing sharply higher as the market shakes off its worst weekly performance in three months. Citigroup rose 3 percent after the bank turned in better results than Wall Street expected. Mylan rose 2 percent after the company said it will buy Abbott Laboratories' generic-drug business.

  • US companies look overseas for tax bill relief Monday, 14 Jul 2014 | 3:05 PM ET

    Generic drugmaker Mylan Inc. said Monday it will become part of a new company organized in the Netherlands in a $5.3 billion deal to acquire some of Abbott Laboratories' generic-drugs business.

  • AP Top Extended Financial Headlines At 3:04 p.m. EDT Monday, 14 Jul 2014 | 3:04 PM ET

    Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock US stocks march higher on acquisition and earnings news; Citigroup gains Samsung suspends business with Chinese supplier after child labor allegation VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs Norwegian Cruise Line says it ordered 2 new cruise ships for a total of $2.18 B Unions say talks with MTA have broken down, LIRR strike likely this weekend Manchester United lands $1.3 billion, 10- year uniform deal with Adidas Atlantic City casino revenue increased by 4 percent in June, when shuttered site excluded

  • AP Top Extended Financial Headlines At 2:13 p.m. EDT Monday, 14 Jul 2014 | 2:13 PM ET

    Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock US stocks march higher on acquisition and earnings news; Citigroup gains on settlement Samsung suspends business with Chinese supplier after child labor allegation VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs Norwegian Cruise Line says it ordered 2 new cruise ships for a total of $2.18 B Manchester United lands $1.3 billion, 10- year uniform deal with Adidas EBay partners with Sotheby's to feature auctions from the rarefied heights of art WTO sides with China, India in 2 US trade disputes over import duties

  • AP Top Extended Financial Headlines At 1:08 p.m. EDT Monday, 14 Jul 2014 | 1:08 PM ET

    Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock US stocks march higher, shaking off worst week in 3 months; Citigroup gains on settlement Samsung suspends business with Chinese supplier after child labor allegation VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs Norwegian Cruise Line says it ordered 2 new cruise ships for a total of $2.18 B Manchester United lands $1.3 billion, 10- year uniform deal with Adidas EBay partners with Sotheby's to feature auctions from the rarefied heights of art WTO sides with China, India in 2 US trade disputes over import duties

  • July 14- Generic drugmaker Mylan Inc said on Monday it would buy Abbott Laboratories' branded specialty and generics business in developed markets outside the United States in a $5.3 billion deal that will bolster its product line and also cut its tax bill.

  • AP Top Extended Financial Headlines At 12:10 p.m. EDT Monday, 14 Jul 2014 | 12:10 PM ET

    Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock Global stocks rebound after Portuguese bank scare; investors look ahead to central bankers US stocks march higher, shaking off worst week in three months; Citigroup gains on settlement Samsung suspends business with Chinese supplier after child labor allegation VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs Manchester United lands $1.3 bn, 10- year deal with kit supply deal with Adidas EBay partners with Sotheby's to feature auctions from the rarefied heights of art WTO sides with China, India in 2 US trade disputes over import duties

  • Stocks snap higher in midday trading; Citigroup up Monday, 14 Jul 2014 | 11:51 AM ET

    Stocks are moving sharply higher in midday trading as the market shakes off its worst weekly performance in three months. Citigroup rose 4 percent after the bank turned in better results than Wall Street expected. Mylan rose 3 percent after the company said it will buy Abbott Laboratories' generic-drug business.

  • AP Top Extended Financial Headlines At 10:09 a.m. EDT Monday, 14 Jul 2014 | 10:09 AM ET

    Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages US stocks march higher, shaking off worst week in 3 months; Citigroup gains on settlement Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Manchester United lands $1.3 bn, 10- year deal with kit supply deal with Adidas EBay partners with Sotheby's to feature auctions from the rarefied heights of art VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs New F-35 fighter jet yet to make it to Farnborough after fire but developers hopeful Efficiency, efficiency; Airbus to upgrade its A330 with new engines Samsung suspends business with Chinese supplier after child labor allegation

  • FACTBOX-M&A frenzy transforming global pharma Monday, 14 Jul 2014 | 9:27 AM ET

    July 14- Several multi-billion dollar deals and bids have made 2014 a busy year for healthcare acquisitions, despite Pfizer pulling its $118 billion offer for AstraZeneca.

  • AP Top Extended Financial Headlines At 9:20 a.m. EDT Monday, 14 Jul 2014 | 9:20 AM ET

    Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages Global stocks rebound after Portuguese bank scare; investors look ahead to US, China data Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination US stock futures rise to start new week; Citigroup's shares climb after announcing settlement Manchester United lands $1.3 bn, 10- year deal with kit supply deal with Adidas VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs New F-35 fighter jet yet to make it to Farnborough after fire but developers hopeful Efficiency, efficiency; Airbus to upgrade its A330 with new engines Samsung suspends business with Chinese supplier after child labor allegation

  • Mylan in $5.3B deal for Abbott's generics assets Monday, 14 Jul 2014 | 8:47 AM ET

    Mylan said it would buy Abbott Labs' generics business outside the United States in an all-stock transaction valued at about $5.3 billion.

  • *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..

  • US STOCKS-Futures higher on M&A after down week Monday, 14 Jul 2014 | 7:40 AM ET

    *Shire accepts Abbvie takeover offer. *London- listed drugmaker Shire Plc succumbed to an increased 31 billion pounds takeover offer from Abbvie Inc, ending a long-running courtship largely motivated by tax rates. U.S.-listed shares of Shire rose 2.4 percent to $255.10 while Abbvie shed 0.7 percent to $54.56 in premarket trade.

  • July 14- Generic drugmaker Mylan Inc said it would buy Abbott Laboratories' specialty and branded generics business in developed markets outside the United States in an all-stock transaction valued at about $5.3 billion.

  • European shares advance, Shire boosts drugmakers Monday, 14 Jul 2014 | 7:11 AM ET

    *Kuehne& Nagel, Sports Direct advance. *Banco Espirito Santo falls for 6th session. London- listed drugmaker Shire rose 2.2 percent after saying it was ready to recommend a new 31 billion pound takeover offer from AbbVie, entering talks after receiving a fifth bid from the U.S. firm.

  • AbbVie, Shire enter detailed talks on combination Monday, 14 Jul 2014 | 7:11 AM ET

    Drugmakers AbbVie and Shire have entered detailed talks about a possible combination after AbbVie raised its bid once again and offered to give Shire shareholders a bigger stake in the resulting company.

  • AP Top Extended Financial Headlines At 7:11 a.m. EDT Monday, 14 Jul 2014 | 7:11 AM ET

    Global stocks rebound after Portuguese bank scare; investors look ahead to US, China data Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Whiting to become No. 1 Bakken region producer in deal to buy Kodiak for $6 billion in stock Oil edges lower after big drop on expectations for Libyan supplies, lower global demand Engineering company Aecom to buy URS for $4 billion Owners of Trump Plaza casino in Atlantic City say they expect to shut it down in mid-September Portuguese bank makes changes at the top but its share price continues to fall Samsung suspends business with Chinese supplier after child labor allegation Serbia finance minister resigns saying reform not deep enough