If the pipeline isn't built, some experts say, "the most toxic fossil fuel on the planet" will still find its way to the surface. NBC News reports.» Read More
NEW YORK, April 24- Allergan Inc approached Shire Plc in recent months about a possible takeover but was rebuffed, according to people familiar with the matter, in the latest example of a U.S. drugmaker seeking to buy an overseas rival to lower its tax rate.
The new company would be registered in the Netherlands and tax resident in the UK. Wren added that if the UK and the Netherlands did not approve the structure, the whole deal was at risk since "there is no Plan B", though Publicis said on Thursday it was confident the deal would still proceed.
SACRAMENTO, Calif.— A bill that would force electronics manufacturers to install a shut-off function in all smartphones narrowly failed in the state Senate on Thursday but could be revived later this spring. Mark Leno, D- San Francisco, responds to a crime problem that is exploding across the country.
April 24- Visa Inc, the world's largest credit and debit card company, said U.S. sanctions on Russia were hurting its card transaction volumes and that revenue growth would slow further this quarter, sending its shares down 5 percent after the bell. President Barack Obama imposed sanctions on Russia in March after a standoff over Ukraine.
SAN FRANCISCO, April 24- Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses.
SAN FRANCISCO— Netflix's Internet video service is about to join the programming lineup of three small cable-TV providers in the U.S., a breakthrough that acknowledges the growing popularity of online entertainment.
The Oakland, Calif.- based company reported a loss of $28.9 million, or 14 cents per share, for the quarter that ended March 31. That's compared with a loss of $38.7 million, or 22 cents per share, last year. Analysts polled by FactSet were anticipating an adjusted loss of 14 cents per share on revenue of $177.7 million.
*America Movil takes operational control of Telekom Austria. VIENNA/ MEXICO CITY April 24- Mexican tycoon Carlos Slim plans to use Telekom Austria as a base to build up his presence in European telecoms after sealing a deal with the Austrian state to take control of the company.
NEW YORK, April 24- Corporate America is letting the sun shine in on second-quarter profit outlooks, raising hope that the first quarter's storms are past.
Scott London of Agoura Hills was sentenced Thursday in Los Angeles. Prosecutors say that over several years, London provided confidential client information to a friend, Bryan Shaw, who used it to make securities trades that reaped more than $1 million.
April 24- The U.S. Department of Justice is asking Bank of America Corp to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing bubble, according to Bloomberg News. CNBC News reported that Bank of America's mortgage securities settlement could exceed $10 billion.
WASHINGTON, April 24- U.S. transportation regulators will propose a "comprehensive rulemaking package" next week to address standards for tank cars that carry volatile crude oil on the nation's railroads. "The proposal will include options for enhancing tank car standards," a Department of Transportation official said in an email to Reuters.
April 24- Privately owned activist fund Relational Investors LLC disclosed a 9.08 percent stake in Clean Harbors Inc, saying the hazardous waste manager is "undervalued," according to a regulatory filing.
SAO PAULO, April 24- Big Internet companies were the clear winners at a global conference hosted by Brazil on the future management of the Web where most participants agreed it should remain a self-regulated space free of government intervention.
NEW YORK— Athletic clothing and gear maker Under Armour and Navient, which is being spun off from Sallie Mae, will join the S&P 500 index on Wednesday.
Kohl's Corp. fell$. 04 or. 1 percent, to $54.73. Macy's Inc. fell$. 07 or. 1 percent, to $58.05. Nordstrom rose$. 14 or. 2 percent, to $62.03.
NEW YORK— Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 13 or. 3 percent, to $49.24. DuPont Co. fell$. 23 or. 3 percent, to $67.11.
Costco Wholesale Corp. rose$. 24 or. 2 percent, to $115.03. Target rose$. 71 or 1.2 percent, to $61.45. Wal-Mart Stores Inc. rose$. 27 or. 3 percent, to $78.31.
Autozone Inc. fell$. 37 or. 1 percent, to $525.88. Bed Bath& Beyond Inc. fell$. 09 or. 1 percent, to $62.83. Best Buy fell$. 08 or. 3 percent, to $24.19.
Brinker International Inc. rose$. 13 or. 3 percent, to $49.50. Chipotle Mexican Grill Inc. rose $3.55 or. 7 percent, to $507.60. Darden Restaurants Inc. fell$. 19 or. 4 percent, to $50.11.