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  • Teva buying Auspex for $3.2 billion Monday, 30 Mar 2015 | 7:31 AM ET

    NEW YORK— Teva Pharmaceutical is buying Auspex Pharmaceuticals for about $3.2 billion in a move to strengthen its position on central nervous system condition treatments. Jerusalem- based Teva said Monday that it will pay $101 per share, marking a 47 percent premium to San Diego- based Auspex's closing stock price on Friday. Its lead product candidate is...

  • NEW YORK— Horizon Pharma is buying Hyperion Therapeutics for about $1.1 billion, gaining two treatments for genetic disorders. Dublin- based Horizon Pharma will pay $46 per share for Brisbane, California- based Hyperion, a 5.6 percent premium to that stock's closing price on Friday. Combined, the drugs had sales of $113.6 million in 2014..

  • HONG KONG— Asian stock markets were mostly higher Monday as investors digested Fed chief Janet Yellen's comments signaling U.S. interest rates were expected to rise sometime this year but when they did they would do so gradually. KEEPING SCORE: Japan's benchmark Nikkei 225 was up 0.7 percent to 19,411.40 and South Korea's Kospi gained 0.5 percent to 2,030.04.

  • NEW YORK— Susan Bernardo trusted her stockbroker. Her broker, David Harris, advised her to sell $400,000 worth of relatively safe municipal bonds, she says, and sink the proceeds into real estate and energy partnerships in hopes of earning more income. "I thought,' OK, someone is watching over me,'" says Bernardo, now 57, of Wantagh, New York.

  • HONG KONG— Asian markets were mostly higher Monday as investors digested Fed chief Janet Yellen's comments signaling U.S. interest rates were expected to rise sometime this year but when they did they would do so gradually. KEEPING SCORE: Japan's benchmark Nikkei 225 index was up 0.5 percent to 19,378.52 while South Korea's Kospi gained 0.3 percent to...

  • LOS ANGELES, March 29- Jeffrey Katzenberg must be breathing a huge sigh of relief after the embattled DreamWorks Animation chief scored a much needed box office win with the release of "Home." The family film was the weekend's top ticket seller, pulling in a sterling $54 million, easily eclipsing projections that had it bowing to between $30 million and $35 million.

  • LOS ANGELES, March 29- Jeffrey Katzenberg must be breathing a huge sigh of relief after the embattled DreamWorks Animation chief scored a much needed box office win with the release of "Home." The family film was the weekend's top ticket seller, pulling in a sterling $54 million, easily eclipsing projections that had it bowing to between $30 million to $35 million.

  • NEW YORK— Business was brisk at the weekend box-office, where the DreamWorks animated alien adventure "Home" beat out the Will Ferrell-Kevin Hart comedy "Get Hard" with a resounding debut of $54 million, according to studio estimates Sunday. Though a distant second, "Get Hard" also opened strongly with an estimated $34.6 million, rewarding the Warner Bros. pairing of...

  • OMAHA, Neb.— The smell of Cuban coffee drifts from the kitchen as Carolyn Chester digs through photos, faded with age, that fill four boxes spread across the dining table. "I always heard about Cuba... and all this money that we lost and' Maybe one day,' but I didn't understand it." Soon after Fidel Castro won control of Cuba in 1959, his government began confiscating the...

  • "The problem has skyrocketed in the past few years," and enforcement must keep pace, says City Council Housing and Buildings Committee Chairman Jumaane Williams. Airbnb says New York unfairly lumps occasional users in with hotel-scale operators, although officials say enforcement focuses on big players. "It can get overzealous," says Airbnb public policy head...

  • SAN FRANCISCO— A long legal battle over accusations that a prominent Silicon Valley venture capital firm demeaned women and held them to a different standard than their male colleagues became a flashpoint in the ongoing discussion about gender inequity at elite technology and venture capital firms. Though Ellen Pao lost her lawsuit against Kleiner...

  • SAN FRANCISCO, March 27- Former Kleiner, Perkins, Caufield and Byers partner Ellen Pao is not the only person who lost when a California jury rejected her claims of gender discrimination against the venture capital firm. Pao sought about $16 million in lost wages and tens of millions more in punitive damages in a lawsuit that captivated Silicon Valley.

  • *Kleiner venture capital firm wins against ex-partner Ellen Pao. SAN FRANCISCO, March 27- Silicon Valley powerhouse venture capital firm Kleiner, Perkins, Caufield and Byers was cleared on Friday of claims it short-circuited the career of a former partner because she is a woman, in a gender discrimination trial that shook the tech world. A California jury also...

  • Swap trades fuel California carbon market activity Friday, 27 Mar 2015 | 9:09 PM ET

    SAN FRANCISCO, March 27- California carbon futures were little changed this week as traders focused on over-the-counter vintage swaps instead of the outright buying or selling of permits, market sources said on Friday. In the first deal the party sold unused 2014 vintage allowances and bought June 2015 vintage permits at a 4- cent differential.

  • Pao trial: Jury clears Kleiner Perkins on all claims Friday, 27 Mar 2015 | 7:56 PM ET
    Ellen Pao

    A California jury found in favor of venture capital firm Kleiner Perkins in a high-profile gender discrimination case brought by former partner Ellen Pao.

  • SAN FRANCISCO, March 27- A California jury decided that venture capital firm Kleiner, Perkins, Caufield and Byers did not retaliate against former partner Ellen Pao by terminating her employment after she sued three years ago. The verdict was read in San Francisco Superior Court on Friday in a case that helped spark a broad discussion about sexism in Silicon...

  • March 27- Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector. The acquisition of Altera, which makes programmable chips widely used in cellphone towers, the...

  • SAN FRANCISCO, March 27- Apple Inc's Tim Cook, one of the most prominent openly gay American CEOs, has joined fellow tech industry chiefs in decrying a controversial Indiana law that opponents say could allow companies to deny services to gay people. Cook, who publicly declared his sexual orientation last year, joined other tech chief executives, including...

  • SAN FRANCISCO, March 27- A California jury ruled Friday to clear venture capital firm Kleiner, Perkins, Caufield and Byers of gender discrimination in a lawsuit brought by a former woman partner, but the judge ordered jurors to resume deliberations on a claim of retaliation. The jury in California Superior Court decided that gender was not the reason Kleiner did...

  • *Ex-venture capital firm partner sued for gender discrimination. SAN FRANCISCO, March 27- A California jury cleared venture capital firm Kleiner, Perkins, Caufield and Byers of gender discrimination in a high profile lawsuit brought by female former partner Ellen Pao. The case laid bare the personnel matters of the firm that backed Google Inc and Amazon.com...