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  • *China shares hit seven-year high on ambitious Silk Road project. Also Monday, Israel's Teva Pharmaceutical Industries said it would buy U.S. biopharmaceutical firm Auspex Pharmaceuticals Inc for $3.5 billion, and Ireland's Horizon Pharma Plc agreed to buy U.S. drugmaker Hyperion Therapeutics Inc for about $1.1 billion. Earlier, China unveiled details of an...

  • LOS ANGELES— You can bring your beach towels and floral headbands, but forget that selfie stick if you're planning to go to the Coachella or Lollapalooza music festivals. Coachella dismissed them as "narsisstics" on a list of prohibited items. In Europe, the Palace of Versailles outside Paris, Britain's National Gallery in London and the Colosseum in Rome have all...

  • Best Buy warns of profit hit as it consolidates Monday, 30 Mar 2015 | 12:20 PM ET
    People walk by a Best Buy store in New York City.

    Best Buy plans to close some stores and consolidate its operations in Canada.

  • That compares with USDA analysts' 2015 outlook last month that corn acres would fall by 1.6 million and soybeans would be down 200,000 acres. USDA also projected total plantings for the nation's eight major field crops- corn, soybeans, wheat, rice, cotton, sorghum, barley, oats- to be down 3.3 million acres from 2014.. USDA said farmers will plant fewer acres due to...

  • *China shares hit seven-year high on new Silk Road project. NEW YORK, March 30- The dollar rose and global equity markets surged on Monday on merger and acquisition activity among drugmakers on both sides of the Atlantic, while Chinese stocks hit a seven-year high on an ambitious government plan to create a modern Silk Road. Earlier, China unveiled details of an...

  • *Iran nuclear deal by Tuesday could bring more oil to market. NEW YORK, March 30- Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market. "We're likely to stay jittery through the...

  • Grain mostly higher, livestock mixed Monday, 30 Mar 2015 | 11:00 AM ET

    CHICAGO— Grain futures were higher Monday in early trading on the Chicago Board of Trade. Wheat for May delivery was unchanged at $5.0775 a bushel; May corn was 1.75 cents higher at $3.9275 a bushel; May oats were unchanged at $2.7225 a bushel; while May soybeans gained 8 cents to $9.7525 a bushel. June live cattle was. 07 cent lower $1.5290 a pound; May feeder cattle was....

  • *UnitedHealth unit to buy Catamaran; Horizon to buy Hyperion. NEW YORK, March 30- U.S. stocks rallied more than 1 percent on Monday, with biotech stocks among the most active names amid a number of major deals in the space. Stock markets will be closed for the Good Friday holiday, leaving investors unable to trade on the jobs data until the following week.

  • CHICAGO, March 30- Amazon.com Inc is launching a home services marketplace that will connect customers with electricians, plumbers and painters in a move to have its services tied to every product sold on its website. "Third party estimates show that customers spend four times more on services each year than they do on physical products," Peter Faricy,...

  • The nation's largest health insurer, UnitedHealth, will muscle up for its fight against rising prescription drug costs by spending more than $12 billion to buy pharmacy benefits manager Catamaran Corp.. UnitedHealth and Catamaran said Monday that their deal will combine businesses that have "distinctive, rapidly growing specialty pharmacy services" for a...

  • PETRA, Jordan— It's high season in Petra, an ancient city hewn from rose-colored rock and Jordan's biggest tourist draw. Petra's slump is part of a sharp decline in tourism as Jordan's economy pays a price for regional turbulence and its high-profile role in the U.S.-led battle against Islamic State militants next door. Jordan's involvement in the...

  • CHICAGO, March 28- Best Buy Co Inc plans to close some stores and consolidate its operations in Canada, the U.S. electronics retailer's second-largest market, in a move that will hurt earnings this year, the company said on Saturday. The move to a single brand will cut 500 full-time and 1,000 part-time jobs, and cost the company about US $200 million to US $280 million...

  • "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...

  • Exelon Corp., operator of the largest fleet of U.S. nuclear plants, says it could have to close three of them if Illinois rejects the company's pitch to let it recoup more from consumers since the plants do not produce greenhouse gases. Chicago- based Exelon essentially wants to change the rules of the state's power market as the nuclear industry competes with...

  • NEW YORK, March 27- U.S. Treasury yields fell and held near session lows on Friday after Federal Reserve Chair Janet Yellen gave mildly hawkish comments on a potential interest rate increase this year and as investors bought bonds ahead of month-end rebalancing. "Month-end is on Tuesday and there's a fairly large index extension," said Daniel Mulholland, head of...

  • Stored for decades in attics, closets and a bank safe-deposit box in New Jersey, the gun belonging to former IRS agent Michael Malone— and possibly used by members of Al Capone's gang— is headed to Las Vegas, where it will be part of an the exhibit at The Mob Museum beginning in mid-April. "Michael Malone was, I believe, the greatest undercover agent in the history of law...

  • Grain lower, livestock mixed Friday, 27 Mar 2015 | 10:56 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for May delivery was unchanged at $4.9925 a bushel; May corn was 1.25 cents lower at $3.91 a bushel; May oats were unchanged at $2.7775 a bushel; while May soybeans lost 3 cents to $9.7150 a bushel. June live cattle was. 95 cent higher $1.5295 a pound; May feeder cattle was 1.98...

  • NEW YORK, March 27- U.S. Gross domestic product expanded at a 2.2 percent annual rate, unrevised from last month's forecast, the Commerce Department said on Friday in its third GDP estimate. The most important component, personal consumption, was revised higher, however, and that was expected, "said Lou Brien, a market strategist at DRW Trading in Chicago.

  • By Yasmeen Abutaleb and Lisa Baertlein. NEW YORK/ LOS ANGELES, March 26- The White House is due to issue an ambitious plan to slow the growing and deadly problem of antibiotic resistance over the next five years, one that requires massive investments and policy changes from a broad array of U.S. government health agencies, according to a copy of the report reviewed...

  • Meerkat vs. Periscope: Live-streaming app battle & buzz Thursday, 26 Mar 2015 | 5:20 PM ET

    NEW YORK— Download Periscope, Twitter's just-launched live video-streaming app, and you'll find people broadcasting all sorts of mundane stuff: waiting for AT&T to fix their wiring, getting out of bed in Silicon Valley, looking outside their office window in Chicago. After all, the first tweet, sent by co-founder Jack Dorsey in 2006, simply said "just setting up my...