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  • Jan 29- Bankrupt drugmaker Dendreon Corp has reached a stalking-horse deal with Canada's Valeant Pharmaceuticals International Inc to sell the worldwide rights to its cancer vaccine, Provenge, and certain assets for $296 million. The deal is subject to higher and better bids and extended the bid deadline to Feb. 10 for interested parties to participate in an...

  • Valeant to buy worldwide rights to Dendreon's Provenge Thursday, 29 Jan 2015 | 9:29 PM ET

    Jan 29- Valeant Pharmaceuticals International Inc said it would buy the worldwide rights of Dendreon Corp's Provenge drug and certain other assets through a "stalking horse" deal for $296 million. Seattle- based Dendreon filed for bankruptcy protection in November, after sales of its cancer vaccine fell short of expectations and left the company deep in debt.

  • LONDON, Jan 26- When Mario Draghi announced the European Central Bank's trillion-euro scheme to buy government bonds, he acknowledged that in the round of strategies to revive inflation and boost the economy, the bank had just played its last hand. Asked by reporters what would happen if the plan to purchase 60 billion euros of assets a month for 19 months failed,...

  • Oil demand is still strong   Friday, 23 Jan 2015 | 5:40 AM ET
    Oil demand is still strong

    At Davos, Hendrik du Toit, CEO of Investec Asset Management Ltd discusses Saudi Arabia and his own predictions when it comes to oil prices.

  • SHANGHAI, Jan 22- The People's Bank of China is desperate to stimulate a slowing economy, but flagging enthusiasm for Chinese assets is blunting its traditional monetary policy tools and forcing the central bank to adopt different tactics. Tinkering with short-term liquidity has proved ineffective, however, in offsetting the deeper capital outflows that...

  • Europe 'has' to do QE: CEO   Wednesday, 21 Jan 2015 | 11:00 AM ET
    Europe 'has' to do QE: CEO

    At Davos, Martin Gilbert, CEO of Aberdeen Asset Management, talks about the European Central Bank's deflation focus and the possibility of quantitative easing.

  • NEW YORK, Jan 16- Foreigners bought long-term U.S. securities in November, with investors buying agency and corporate bonds, as well as equities. Data from the U.S. Treasury Department showed on Friday that net purchases of long-term U.S. assets were $33.5 billion in November, after outflows of $1.4 billion in October. But including short-dated assets such as...

  • Retailer Wet Seal files for Chapter 11 bankruptcy Friday, 16 Jan 2015 | 12:03 AM ET

    Jan 16- Wet Seal Inc filed for bankruptcy protection late on Thursday, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores. The company listed assets of $10 million to $50 million and liabilities of $100 million to $50 million, according to the filing. Wet Seal sells apparel and accessories for teen girls and young women...

  • Jan 15- BlackRock Inc, the world's largest money manager, reported a higher-than-expected quarterly profit as assets under management increased. The 2014 net inflows represent a 55 percent jump from the prior year and a record for BlackRock. "While the magnitude of the flows was quite large, it is the composition of the flows that was really interesting,"...

  • Shenzen-based Kaisa said on Monday it had missed interest payments to investors in its offshore dollar bonds, that many of its bank accounts had been frozen and that a mainland China court had frozen more than $100 million of assets of one of its units. Kaisa's founder and chairman left the company in December, triggering an acceleration of repayment of a loan...

  • LONDON, Jan 8- Britain's biggest grocer Tesco plans to sell assets and cut hundreds of millions of pounds of costs to fund lower prices in store as part of its plan to fight back from the biggest crisis in its 95- year-history. Seeking to recover from four profit warnings and an accounting scandal last year, new Tesco boss Dave Lewis unveiled his plan alongside a...

  • UK stock pickers post weak results, half lag index Sunday, 4 Jan 2015 | 3:00 AM ET

    *M&G Recovery, Schroder UK Opportunities funds among losers. About 85 percent of the funds had exceeded gains in UK's main FTSE 100 Index in 2013, data from Thomson Reuters Lipper showed. UK- focused equity funds managed about $400 billion in assets at the end of September, the most by any other country-focused funds in Europe and only about $83 billion less than...

  • Aereo auctioning off its TV streaming tech assets Friday, 26 Dec 2014 | 5:39 PM ET
    Aereo CEO Chet Kanojia leaves the U.S. Supreme Court after oral arguments April 22, 2014 in Washington, DC.

    A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, court papers show.

  • Dec 26- A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, according to court papers published on Friday. These broadcasters include CBS Corp, Comcast Corp's NBC, Walt Disney Co's ABC and Twenty-First Century Fox Inc's Fox. The case is In re: Aereo Inc, U.S. Bankruptcy Court, Southern District of...

  • Dec 15- The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc. Trustee James Giddens, who has been seeking to recoup money for the brokerage's creditors, said lower court rulings granting margin assets...

  • Is oil the only asset spooking investors?   Monday, 15 Dec 2014 | 5:00 AM ET
    Is oil the only asset spooking investors?

    As plummeting oil prices hit markets, Carter Worth, chief market technician at Sterne Agee, discusses whether it's just oil that's spooking investors.

  • *U.S. crude continues to slip after drop under $60 a barrel. LONDON, Dec 12- A relentless slide in crude prices put energy stocks and currencies exposed to oil exports under pressure on Friday, dampening appetite for riskier assets and underpinning flows into the safety of core government bonds. The euro zone's blue-chip Euro STOXX 50 index declined by 0.8 percent...

  • LISBON, Dec 12- Portugal Telecom SGPS has called a general shareholder meeting on Jan. 12 to vote on telecoms group Altice's planned acquisition of Portuguese operations from Brazil's Oi for 7.4 billion euros. PT SGPS now has no assets other than the stake in Oi and 900 million euros in defaulted debt by a bankrupt holding company of the Espirito Santo family.

  • LAUNCESTON, Australia, Dec 11- If you were looking for a sign that coal prices have finally bottomed out, then the ramping up of merger and acquisition activity is often a good indicator. In the past few days, a flurry of announcements have hit the headlines, including Anglo American's proposed sale of coal assets in Australia and South Africa, and Peabody Energy and...

  • NEW YORK, Dec 8- The Janus Global Unconstrained Bond Fund, which Pimco co-founder Bill Gross started managing in October, attracted an estimated $770 million in November, bringing assets to more than $1.2 billion, according to Morningstar data released on Monday. Last month, Soros Fund Management LLC, which famed investor George Soros chairs, invested $500...