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  • BP shed 3.5 percent, Total sank 4.1 percent, Seadrill lost 4.6 percent and Saipem slipped 4.1 percent. A number of oil services firms including Seadrill have been forced to scrap their dividends as the sector struggles with the drop in crude prices, which is prompting oil majors to accelerate cost cutting efforts. "At $72 a barrel, we're well below the pain...

  • WASHINGTON, Nov 26- Medtronic Inc has won U.S. antitrust approval to buy Dublin- based Covidien Plc on condition that it sell its drug-coated balloon catheter business, the Federal Trade Commission said on Wednesday. Medtronic and Covidien shareholders will vote on the merger on Jan. 6. Medtronic is the world's largest stand-alone medical device maker, with a...

  • Valeant slashes stake in Allergan after losing bid Thursday, 20 Nov 2014 | 7:14 PM ET

    Nov 20- Valeant Pharmaceuticals International Inc said it cut its stake in Allergan Inc to 0.1 percent from 9.7 percent, three days after Actavis Plc trumped its offer for the Botox maker. Pershing Square Capital Management informed Valeant that PS Fund 1 sold all of its 2.2 million shares in Allergan allocated to Valeant USA, Valeant said in a regulatory filing.

  • Ireland cleared to pay IMF loans early after Swedish vote Wednesday, 19 Nov 2014 | 10:41 AM ET

    STOCKHOLM, Nov 19- The Swedish parliament on Wednesday said Ireland may pay back part of its bailout loans early to the International Monetary Fund, giving the final EU approval needed for Dublin to begin repayment. Ireland won agreement from Europe to pay the IMF before it repays aid from the European bailout funds and just needed the new Swedish government to...

  • Nov 18- Medtronic Inc posted a quarterly profit that was in line with analyst expectations, helped by sales of new heart devices, and said its $42.9 billion purchase of hospital products maker Covidien Plc remains on track to close early next year. But Medtronic executives said they remain fully committed to buying Dublin- based Covidien and are focused on...

  • SINGAPORE/ LONDON, Nov 17- The Bank of England said on Monday that senior bankers' salaries may in future be at risk if they or their staff break rules, firing a warning shot to the City after the latest dealing room scandal cost six banks $4.3 billion in fines. Europe has already agreed to curb bankers' bonuses, but the Bank of England has said that policy will not tackle...

  • LONDON, Nov 14- Pfizer appears unlikely to make a fresh bid for AstraZeneca in 12 days time, when an enforced cooling-off period ends, and the U.S. drugmaker is now weighing other less risky targets. People with direct knowledge of the situation said Pfizer has been reviewing different takeover scenarios with a U.S. investment bank ahead of Nov. 26, when it is allowed...

  • DUBLIN, Nov 7- Irish Finance Minister Michael Noonan said on Friday that a European Commission case against Ireland over tax breaks given to Apple Inc is likely to fail. The European Commission said in June it was making in-depth inquiries into tax arrangements reached by Ireland with Apple to see whether they represented unfair state aid.

  • User growth is ‘number one concern’ for Twitter Thursday, 6 Nov 2014 | 1:41 AM ET

    Twitter's main focus is boosting user numbers, a senior executive at the microblogging company told CNBC on Wednesday, following its launch of a new app developer service last month.

  • Nov 5- Endo International Plc raised its 2014 forecast for the third time and reported a better-than-expected quarterly profit, its recent acquisitions helping boost generic drug sales in the United States by nearly 74 percent. The Dublin- based maker of drugs and medical devices, which last month clinched a deal to buy Auxilium Pharmaceuticals Inc, raised its...

  • Nov 5- Endo International Plc, which is acquiring Auxilium Pharmaceuticals Inc, reported a better-than-expected quarterly profit due to a nearly 74 percent jump in sales of its generic drugs in the United States. The Dublin- based company's adjusted net income rose to $182.3 million in the quarter ended Sept. 30, from $160.7 million a year earlier.

  • HONG KONG, Nov 5- Asset managers in Hong Kong are scrambling to figure out how to meet growing demand for yuan assets after they were hit by a double blow- a shortage of China investment quotas and the delay of a scheme linking the Hong Kong and Shanghai stock exchanges. China's State Administration of Foreign Exchange allocated a total of 11.1 billion yuan in RQFII...

  • New sharing features for Microsoft Office Tuesday, 4 Nov 2014 | 1:55 PM ET

    MS Office will gain new sharing features into its mobile and web-based versions due to a new partnership with Dropbox. Re/code reports.

  • DUBLIN/ LONDON, Nov 4- Ireland raised 3.75 billion euros in 15- year debt on Tuesday as it took advantage of low interest rates to start refinancing some of its bailout loans from the International Monetary Fund with cheaper market funding. Ireland sold the new debt via syndication at a record-low yield of 2.49 percent, a level unthinkable just three years ago,...

  • France should 'obey the rules': Irish PM  Tuesday, 4 Nov 2014 | 8:45 AM ET

    Irish Prime Minister Enda Kenny says the EU should examination "of the circumstances of France" to sort out the country's deficit issue.

  • Apple to stay despite end of 'double Irish': PM  Tuesday, 4 Nov 2014 | 8:45 AM ET

    Irish Prime Minister Enda Kenny says the end of the "Double Irish" tax loophole will not deter tech giants such as Apple from further investment in the country.

  • AbbVie: Strong results lessen need for big deal Friday, 31 Oct 2014 | 12:46 PM ET

    AbbVie reported strong earnings on demand for its Humira drug and said it could deliver strong long-term growth without another big merger bid.

  • Oct 31- AbbVie, which this month abandoned its planned $55 billion purchase of Dublin drugmaker Shire, reported impressive quarterly earnings on demand for its Humira arthritis drug and said it could deliver strong long-term growth without rushing into another big merger attempt. "The underlying growth prospects of AbbVie don't require us to do a deal of that...

  • BUSINESS-NEWS-SCHEDULE AT 1500 GMT /11 AM ET Friday, 31 Oct 2014 | 11:09 AM ET

    NEW YORK- During Morgan Stanley's public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell. Election-year water crisis taking a toll on Brazil's economy. SAO PAULO- After a grueling election campaign in which officials faced fierce criticism for downplaying the effects of a year-long...

  • DUBLIN, Oct 31- German Finance Minister Wolfgang Schaeuble on Friday said he believed consumption and employment remained strong in Germany, but that geopolitical risks were undermining confidence across Europe. Data showed earlier on Friday that German retail sales posted their biggest monthly decline in more than seven years in September, a sign that...