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  • Oct 20- NewLink Genetics Corp said it entered into a licensing agreement with Roche Holding AG to develop NewLink's cancer immunotherapy, making the Ebola vaccine developer eligible to receive over $1 billion in milestone payments. NewLink's shares jumped nearly 26 percent before the bell on Monday. Immunotherapies are a class of drugs designed to help the...

  • Oct 19- IBM Corp has agreed to hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc, the Wall Street Journal reported, citing people familiar with the matter. IBM will pay Globalfoundries $1.5 billion to take the chip operations off its hands, WSJ said. IBM issued an advisory on Sunday saying it would make a "major business...

  • CAIRO, Oct 18- The Egyptian government has signed a contract with six international firms to carry out the dredging of the new Suez Canal, the head of the Suez Canal Authority said on Saturday. The six companies, in a consortium named " Challenge Coalition", are National Marine Dredging Company of the United Arab Emirates; Royal Boskalis Westminster and Van Oord, both...

  • Oct 17- A former UBS AG branch manager's pay discrimination case in Puerto Rico highlights behavior some lawyers say can give brokerages an edge in arbitration: breaking discovery rules. In May, a Financial Industry Regulatory Authority arbitration panel dismissed Carlos Capacete's claim that UBS paid him less than branch managers on the U.S. mainland.

  • NEW YORK, Oct 13- Shares of little-known medical equipment and biotech companies jumped on Wall Street on Monday, after news that a nurse had become the first person to contract the deadly Ebola virus in the United States. Shares of biotechnology company Ibio Inc, hazmat suits maker Lakeland Industries Inc, and face mask maker Alpha Pro Tech Ltd all ended the day...

  • NEW YORK, Oct 13- Little-known medical equipment and biotech companies jumped on Wall Street on Monday, following news that a nurse had become the first person to contract the deadly Ebola virus in the United States. Shares of biotechnology company Ibio Inc, hazmat suits maker Lakeland Industries Inc, and face mask maker Alpha Pro Tech Ltd were all higher near...

  • CARACAS, Oct 9- Venezuela said on Thursday compensation ordered by a World Bank arbitration tribunal in the Exxon Mobil Corp case was within a "reasonable range" once a previous award is deducted from the roughly $1.6 billion new determination.

  • CARACAS, Oct 9- Venezuela considers a World Bank arbitration tribunal's award "manageable" and will pay Exxon Mobil Corp for the 2007 nationalization of its oil projects from November, a source at state oil company PDVSA said on Thursday. Earlier, the Centre for Settlement of Investment Disputes ordered Venezuela to pay Exxon around $1.6 billion.

  • *Venezuela may seek to annul World Bank tribunal's award. CARACAS, Oct 9- A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was...

  • HOUSTON, Oct 9- A World Bank arbitration decision that Venezuela must pay Exxon Mobil Corp about $1.6 billion shows that the country "failed to provide fair compensation" for oil assets nationalized in 2007, Exxon said in a statement on Thursday. "Exxon Mobil recognizes the sovereignty of all nations and, while clearly not a desirable outcome, accepts...

  • CARACAS, Oct 9- A World Bank arbitration tribunal has determined Venezuela must pay Exxon Mobil Corp around $1.6 billion to compensate for a 2007 nationalization, the award posted on the International Chamber of Commerce website Thursday showed. A separate decision by the Paris- based ICSID in 2012 ordered Venezuela state oil company PDVSA pay Exxon $908...

  • Iran aims for tempting new oil contracts soon Wednesday, 8 Oct 2014 | 5:57 AM ET

    Iran wants Western oil companies to revive its giant, ageing oilfields and develop new oil and gas projects and has been preparing a new investment model for oil contracts as part of its drive to win back Western business. The OPEC producer is in talks with six Western powers to reach a deal to limit Tehran's nuclear programme- which could end sanctions on oil...

  • NEW YORK, Oct 7- Samsung Electronics Co Ltd initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing as part of a federal lawsuit Microsoft filed in August in New York accusing Samsung of refusing to make royalty payments to...

  • Oct 7- Lawyers for investors charged on Tuesday that securities arbitrators are chosen from a limited pool of mostly elderly men, one of several flaws in Wall Street's mandatory arbitration system that could be the cause for a steep decline in rulings favoring investors. The finding, in a study by the Public Investors Arbitration Bar Association, raises...

  • NEW YORK, Oct 7- Samsung Electronics Co Ltd initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing as part of a lawsuit Microsoft filed in August in New York federal court accusing Samsung of refusing to make royalty...

  • NEW YORK, Oct 7- Samsung Electronics initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing in a lawsuit Microsoft filed in August in New York federal court accusing Samsung of refusing to make royalty payments after it...

  • Oct 7- Lawyers for investors charged on Tuesday that securities arbitrators are chosen from a limited pool of mostly elderly men, one of several flaws in Wall Street's mandatory arbitration system that may be the cause for a steep decline in rulings favoring investors. The finding, in a study by the Public Investors Arbitration Bar Association, raises...

  • DUBAI, Oct 1- The International Cotton Association said it is introducing mediation services to help resolve disputes over reneged contracts that have blocked hundreds of blacklisted firms from doing business.

  • HOUSTON, Sept 30- The World Bank arbitration tribunal will give its final award ruling this week on a multibillion- dollar claim by Exxon Mobil Corp against Venezuela over the 2007 nationalization of two oil projects, legal sources said on Tuesday.

  • NEW YORK, Sept 29- The industry group that regulates securities brokerages has decided it cannot force firms to carry insurance for payment of awards granted by arbitration panels or courts to customers who have lost money, a spokeswoman said on Monday.