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  • NEW YORK— Orexigen Therapeutics said Thursday that European Union regulators approved its weight loss drug for sale. Shares of Orexigen Therapeutics Inc. were up 18 cents, or 2.6 percent, to $7.10 in afternoon trading after rising to $7.47 earlier in the day. Orexigen's partner Takeda Pharmaceuticals handles marketing of Contrave and pays royalties to...

  • WASHINGTON— The maker of medical scopes that have been linked to two recent "superbug" outbreaks at California hospitals has issued new cleaning instructions for the devices amid scrutiny from regulators, lawmakers and medical professionals. Olympus plans to send the new brush to hospital customers by May 8. The company's scopes were linked to infections of...

  • *SanDisk tumbles after outlook cut, hits chipmakers. Semiconductor stocks were under pressure for a fourth straight session as SanDisk tumbled 18.1 percent to $66.47 after cutting its revenue outlook. The headwinds for SanDisk are company-specific according to King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco.

  • NEW YORK, March 26- The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over short-term lending markets. With the U.S. central bank expected to raise rates later this year, Simon Potter and his team...

  • Company officials say they expect the new Malibu to deliver $1,500 a car more profit than its predecessors. To win over skeptical consumers, GM's ads for the new Malibu will tout the car's quality, styling, fuel-efficiency, and a myriad of safety and connectivity features. GM's sales goals for the Malibu are important, because the car is a key piece of GM Chief...

  • March 26- Zynga Inc must face a lawsuit that accuses the gaming company known for its "FarmVille" game of defrauding shareholders about its prospects before and after its December 2011 initial public offering. District Judge Jeffrey White in San Francisco said on Wednesday that shareholders could pursue claims that Zynga concealed declining user activity,...

  • The investigation led by the Federal Trade Commission and law enforcement resulted in 252 enforcement actions and $2.6 million in consumer refunds and fees. Officials say the more recent investigation in U.S. and Canada involved the Justice Department and state prosecutors. "The clear message is that across this country, and indeed internationally, law...

  • *Named as Andreas Lubitz, a German citizen. After listening to "black box" voice recordings, French prosecutors left no doubt that they believe 28- year-old Andreas Lubitz was in control of the Airbus A320 and set it on its fatal descent. Prosecutors in the German city of Duesseldorf said police were searching his home for evidence.

  • 200 hens poached from California farm weeks before Easter Thursday, 26 Mar 2015 | 12:13 PM ET

    SEBASTOPOL, Calif.— Less than two weeks before Easter, a Northern California farmer says someone stole more than 200 of his hens that lay eggs with shells in subtle shades of green, blue, rose and chocolate brown. The Santa Rosa Press Democrat reports Gerald Leuschen is offering a $250 reward for information leading to his birds' return or prosecution of the chicken...

  • Lawmakers unhappy with new fracking rules Thursday, 26 Mar 2015 | 11:47 AM ET

    WASHINGTON— Republican and Democratic lawmakers in the House have found something in common. The lawmakers' complaints were aired Thursday during a House subcommittee hearing called to review the Bureau of Land Management's budget for the coming fiscal year. Bureau Director Neil Kornze said fracking is taking place in 32 states, and the new federal...

  • *Named as Andreas Lubitz, a German citizen. Investigators and grieving relatives were left struggling to explain what motivated Andreas Lubitz, 28, to kill all 150 people on board the Airbus A320, including himself, in Wednesday's crash in the French Alps. He refused to re-open the door and sent plane into its fatal descent, Marseille prosecutor Brice Robin said.

  • Zynga must face lawsuit alleging fraud tied to IPO Thursday, 26 Mar 2015 | 10:47 AM ET

    March 26- Zynga Inc must face a lawsuit accusing the online gaming company known for "FarmVille" of defrauding shareholders about its prospects before and after its December 2011 initial public offering. District Judge Jeffrey White in San Francisco on Wednesday said shareholders could pursue claims that Zynga concealed declining user activity, masked how...

  • AMSTERDAM, March 26- A Dutch regulatory agency raided the Amsterdam offices of taxi hailing service Uber on Thursday in connection with its UberPOP unit after a court deemed it illegal in December. Amsterdam newspaper Het Parool reported the company saying the raid was a "warning to international start-ups, technology companies and multinationals that...

  • Co-pilot was 'very happy' with Germanwings job Thursday, 26 Mar 2015 | 10:03 AM ET

    MONTABAUR, Germany— Andreas Lubitz never appeared anything but thrilled to have landed a pilot's job with Germanwings, according to those who helped him learn to fly as a teenager in this town in the forested hills of western Germany. Members of his hometown flight club in Montabaur, where he renewed his glider license last fall, told The Associated Press that the...

  • *Named as Andreas Lubitz, a German citizen. Andreas Lubitz gained sole control of the aircraft after the captain left the cockpit, refused to re-open the door and appears to have operated controls, sending the plane into its fatal descent, Marseille prosecutor Brice Robin said. He did this "for a reason we cannot fathom right now but which looks like intent to...

  • 'American Idol'-like talent competition app launches Thursday, 26 Mar 2015 | 8:59 AM ET

    LOS ANGELES— For anyone who's ever dreamed of being on "American Idol" or "The Voice" as a performer or judge, a new app seeks to make their fantasy come true. The talent competition app "Chosen" from David Hyman, the former CEO of Beats Music, is launching Thursday for invitees on Apple devices. The winner will be announced in June and be given a chance to perform on stage at...

  • SanDisk lowers 1st-quarter revenue forecast Thursday, 26 Mar 2015 | 8:24 AM ET

    MILPITAS, Calif.— Flash-memory chip maker SanDisk is cutting its fiscal first-quarter revenue forecast partly because of lower-than-expected sales of enterprise products and lower pricing in some areas of the business. SanDisk now expects first-quarter revenue of about $1.3 billion. SanDisk said that it anticipates the factors, along with previously...

  • Kite Pharma reports 4Q loss Thursday, 26 Mar 2015 | 8:24 AM ET

    SANTA MONICA, Calif. _ Kite Pharma Inc. on Thursday reported a loss of $13 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share. Kite Pharma shares have risen 8 percent since the beginning of the year.

  • Neothetics reports 4Q loss Thursday, 26 Mar 2015 | 8:15 AM ET

    SAN DIEGO _ Neothetics Inc. on Thursday reported a loss of $2.9 million in its fourth quarter. The San Diego- based company said it had a loss of 45 cents per share. Neothetics shares have decreased 4 percent since the beginning of the year.

  • *Adidas to allow in-store product customisation. HERZOGENAURACH, Germany, March 26- German sportswear firm Adidas announced plans to revolutionise the way it manufactures goods to speed up production and allow more customisation of goods to help it accelerate sales and profit growth in the next five years. Adidas said it would focus marketing on six big...