United States


  • Sept 16- Allergan Inc and its suitors Pershing Square Capital Management and Valeant Pharmaceuticals Inc settled their pending litigation before the Delaware Court of Chancery and agreed to hold a special shareholder meeting on the originally scheduled date, Dec. 18.

  • Concerns raised over 'Obamacare' abortion coverage Tuesday, 16 Sep 2014 | 3:14 AM ET

    WASHINGTON— A nonpartisan congressional agency is raising new questions about compliance with a key compromise on abortion that allowed the federal health care law to pass in 2010..

  • Alibaba investors beware: History not on your side Tuesday, 16 Sep 2014 | 3:01 AM ET

    Yet anyone who expects to get rich from buying into China's high-growth story will be betting against history. China's explosive economic rise has delivered virtually nothing to most stock investors.

  • Detroit airport gets $5 million grant for taxiway Tuesday, 16 Sep 2014 | 2:21 AM ET

    ROMULUS, Mich.— Detroit Metropolitan Airport has been awarded a $5 million federal grant to renovate its taxiway. Michigan's two U.S. senators announced the grant from the U.S. Transportation Department on Monday. The Detroit News reports the airport in Romulus is the 18th busiest airport in North America in terms of total passenger traffic.

  • DUBAI, Sept 16- Investcorp, an alternative investment manager based in Bahrain, said on Tuesday it had acquired a portfolio of office and industrial property assets in three cities in the United States for around $250 million. The purchases, done in separate transactions, were completed by the firm's U.S.-based real estate arm, a statement from Investcorp said.

  • Trump Plaza: 4th Atlantic City casino shutdown Tuesday, 16 Sep 2014 | 1:39 AM ET

    ATLANTIC CITY, N.J.— When Trump Plaza opened on May 14, 1984, Donald Trump called it the finest building in Atlantic City, and possibly the nation. A downward spiral that saw it ranked dead last among the city's casinos will end Tuesday morning with the closing of Trump Plaza, the fourth Atlantic City casino to go belly-up this year.

  • Farmers and analysts say the elimination of government incentives to buy new equipment, a related overhang of used tractors, and a reduced commitment to biofuels, all darken the outlook for the sector beyond 2019- the year the U.S. Department of Agriculture says farm incomes will begin to rise again.

  • CARACAS, Sept 16- Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a' no-fly' zone.

  • Prescription painkiller deaths up, but not as fast Tuesday, 16 Sep 2014 | 12:01 AM ET

    NEW YORK— Overdose deaths from powerful painkillers are still rising in the U.S., but not like they used to— probably because of new restrictions on methadone, according to government scientists. In 2011, there were more than 41,000 drug overdose deaths nationwide, up from more than 38,000 the previous year.

  • David Heiman, whose law firm Jones Day represents Detroit, told Rhodes that Syncora and the city "have laid down their swords." In a court filing on Monday, Syncora confirmed a "comprehensive settlement" with the city that was still subject to "definitive documentation and resolution of other terms.

  • Sept 15- The London- based international law firm Freshfields Bruckhaus Deringer has hired a veteran M&A lawyer from New York- based Shearman& Sterling, according to two people familiar with the matter.

  • Sept 15- The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

  • NYMEX-U.S. oil retreats on softer economic data Monday, 15 Sep 2014 | 8:29 PM ET

    It settled 65 cents a barrel higher at $92.92 on the previous session, recovering by more than $2 a barrel after falling earlier in the session towards 16- month lows. *November Brent gained 20 cents a barrel to $98.08 after it ended 8 cents lower at $97.88.

  • It puts a check on the administration, prevents the introduction of combat boots on the ground, requires very close monitoring by the Congress, all along the way, "said Kentucky Republican Representative Hal Rogers, chairman of the House Appropriations Committee.

  • Sept 15- ConocoPhillips, the largest U.S. independent oil and gas company, is preparing to auction its 24 percent stake in the Clair oilfield in the United Kingdom, the Financial Times reported on Monday. The oilfield has an estimated 8 billion barrels of oil, making it the largest hydrocarbon resource in Europe, according to oil major BP Plc's website.

  • US labor board orders CNN to rehire fired workers Monday, 15 Sep 2014 | 7:27 PM ET

    WASHINGTON— The National Labor Relations Board ruled against the CNN cable television network on Monday in an 11- year-old labor dispute, ordering the network to rehire or compensate about 300 former workers.

  • APNewsBreak: NY bid to halt Alzheimer's drug swap Monday, 15 Sep 2014 | 7:02 PM ET

    ALBANY, N.Y.— New York's attorney general filed a federal lawsuit Monday seeking to stop a manufacturer from discontinuing its drug widely used to treat Alzheimer's patients, arguing the company is illegally driving patients to its newer patented drug to avoid losses from cheaper generic alternatives coming out next year.

  • Atlanta airport closing runway for maintenance Monday, 15 Sep 2014 | 6:42 PM ET

    ATLANTA— Atlanta airport officials say they're closing the northernmost runway until mid-October for maintenance. The airport's general manager Miguel Southwell says the runway's pavement is at the end of its life span and the work is expected to be done by Oct. 15.

  • BP Alaska plans layoffs following Hilcorp sale Monday, 15 Sep 2014 | 6:36 PM ET

    BP's business in Alaska will be smaller because of the previously announced sale of its interests in four North Slope oil fields to Hilcorp, spokeswoman Dawn Patience said.

  • Apple: U2 album accessed by 33 million users Monday, 15 Sep 2014 | 6:19 PM ET

    NEW YORK— Apple Inc. says 33 million iTunes account holders have accessed U2's free album. Apple gave the album to 500 million iTunes account holders last week during the company's iPhone 6 unveiling news conference. Apple paid the Irish rock band for a five-week exclusive window during which the album is only available to its customers.