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  • *Amgen's fall drags downs biotech stocks. April 27- U.S. stocks ended down on Monday, led by losses in biotech shares after disappointing news from several companies including Amgen. Amgen shares led the S&P 500 and Nasdaq's decline, dropping 3.3 percent to $162.38 after U.S. regulators said Amgen's skin cancer immunotherapy cannot be considered for an...

  • US STOCKS-Wall St ends down as biotechs drop 4 pct Monday, 27 Apr 2015 | 4:38 PM ET

    *Amgen's fall drags downs biotech stocks. April 27- U.S. stocks ended down on Monday, led by losses in biotech shares after disappointing news from several companies including Amgen. Amgen shares led the S&P 500' s decline, dropping 3.3 percent to $162.38 after U.S. regulators said Amgen's skin cancer immunotherapy cannot be considered for an accelerated review...

  • ATLANTIC CITY, N.J.— On Monday, New Jersey casino regulators told a bankruptcy court it can't transfer the license of Atlantic City's former Revel casino to new owner Glenn Straub. That's because utility company ACR Energy Partners cut off service to the building on April 9— two days after Straub bought it— in the absence of a contract for future service there.

  • April 27- Time Warner Cable Inc reached out to Cox Communications Inc in the past few days to discuss a possible merger, the Wall Street Journal reported, citing people familiar with the matter. Comcast Corp abandoned its $45 billion offer for Time Warner Cable on Friday, after U.S. regulators raised concerns that the deal would give Comcast an unfair advantage in...

  • HOUSTON, April 27- The United Steelworkers union filed a charge with the U.S. National Labor Relations Board against Lyondell Basell Industries for declaring an impasse in negotiations with striking Houston refinery workers, the union said on Monday. Lyondell declared the impasse on April 14 following the rejection of its "last, best and final" contract offer...

  • DUBAI, April 27- One of the United Arab Emirates' most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the founder. Ghurair, the billionaire chief executive of Dubai- based lender Mashreq and chairman of conglomerate Al Ghurair Investment, among his...

  • HONG KONG, April 27- A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city's banking watchdog, regulatory experts said. HSBC's $2.6 trillion balance sheet is nearly eight times the size of Hong Kong's economic output. HSBC said on Friday it had ordered a review into whether it should move its...

  • *Applied Materials slumped 8.3 percent to $20 in premarket trading after the chipmaker's proposed $10 billion merger with Tokyo Electron was abandoned over U.S. regulatory concerns. *Celladon plunged 77.6 percent to $3.06 after the company said its heart failure gene therapy, Mydicar, failed to meet its main goals in an important trial. *Time Warner Cable...

  • Russia tightens ban on European food imports Monday, 27 Apr 2015 | 7:13 AM ET

    MOSCOW— Russia is set to tighten its ban on food imports from Europe by restricting re-exports of fruit and vegetables through European countries. The deputy head of Russia's agricultural regulator, Yulia Shvabauskene, says Russia has already stopped re-exports through Bulgaria because it suspects companies there of using false documents to get around...

  • SANTA CLARA, Calif.— Applied Materials has called off its $9.4 billion acquisition of Tokyo Electron Ltd. after hitting a regulatory roadblock. Applied Materials' shareholders were to own about 68 percent of the new company, with Tokyo Electron's holding about 32 percent. Applied Materials Inc., which is based in Santa Clara, California, said Monday that it had...

  • *Applied Materials, Tokyo Electron announce buybacks. TOKYO, April 27- U.S. firm Applied Materials Inc on Monday scrapped its $10 billion planned takeover of chip-making gear rival Tokyo Electron Ltd after the deal, a rare foreign bid for a Japanese firm, ran afoul of U.S. anti-trust regulators. Tokyo Electron said both companies gave up on the deal after more than...

  • TOKYO, April 27- Applied Materials Inc and Tokyo Electron Ltd said on Monday they have given up plans to merge in a deal that would have been worth more than $10 billion, citing problems in getting approval from U.S. antitrust regulators. U.S.-based Applied Materials had agreed in September 2013 to buy Tokyo Electron in an all-stock deal combining the world's...

  • FRANKFURT, Germany— Deutsche Bank says its reorganization will mean spinning off its Postbank branches in Germany through a share offering, closing offices in some countries, and eliminating less profitable business at its investment banking division. Deutsche Bank has struggled to maintain the profits investors want to see while meeting regulatory...

  • TOKYO, April 27- Tokyo Electron Ltd and Applied Materials Inc said on Monday they have agreed to give up their plans to merge in a deal that was set to be worth more than $10 billion, citing differences in views with U.S. antitrust regulators. U.S.-based Applied Materials, the world's largest chipmaking equipment maker, had agreed in September 2013 to buy Tokyo...

  • April 26- For-profit college operator Corinthian Colleges Inc said it will immediately shut down all its remaining campuses and cease substantially all other operations. Earlier this month, the U.S. Department of Education fined Corinthian Colleges $30 million for misrepresenting job placement rates to students in it Heald College system.

  • WASHINGTON, April 24- Comcast Corp's failed bid to buy Time Warner Cable Inc is the latest muscle flex by U.S. antitrust enforcers and will likely deter chief executives from pursuing aggressive transactions as a way to spend excess cash. Comcast, which had barely convinced regulators to allow it to buy NBC Universal four years ago, folded under pressure from the...

  • HOUSTON, April 24- Aubrey McClendon, the former CEO of Chesapeake Energy Corp, is under investigation by the U.S. Department of Justice for potential antitrust violations related to leasing oil and gas properties, according to a regulatory filing by a new business venture he helps run. "In connection with the formal investigation of Chesapeake in 2012 by the U.S....

  • NEW YORK— In the aftermath of Comcast's decision to walk away from buying Time Warner Cable, some winners and losers are emerging. The breakdown of the deal is being seen as a blow to Comcast and the cable industry in general. A major worry for regulators was that a bigger Comcast would be able to choke the online video industry.

  • NEW YORK, April 24- Teva Pharmaceutical Industries' bid for Mylan NV would create a company controlling nearly 25 percent of the U.S. generics market, including drugs in short supply, according to industry experts and a Reuters review of regulatory filings. It is also pursuing a hostile takeover of drugmaker Perrigo Co Plc. Teva has already looked at the...

  • Earlier Comcast Corp abandoned a $45 billion offer for Time Warner Cable after U.S. regulators raised concerns that the deal would give Comcast an unfair advantage in the cable TV and Internet-based services market. Charter contacted banks in recent weeks to begin preparations to arrange financing for the potential deal, even before Comcast announced it...