WESTON, Mass.— Biogen Idec raised its forecast for the year as first-quarter net income increased 12 percent, helped by a revenue boost from the multiple sclerosis treatment Tysabri and a product approval. It received regulatory approval in Europe earlier this year, following approval last year from the U.S. Food and Drug Administration.» Read More
A U.S. appeals court is set hear a case whose outcome could make it harder to prosecute insider trading and may jeopardize some guilty verdicts.
BEIJING, April 21- China shares drifted lower on Monday, hit by concerns about a potential share oversupply after the securities regulator released draft prospectuses for 28 new companies planning to list. Shares in TBEA Co Ltd climbed 2.9 percent, while Henan Pinggao Electric Co Ltd gained 1.1 percent, and China XD Electric Co Ltd rose 1.3 percent.
As China Securities Regulatory Commission orders underwriters to update application materials once again, there have been no new China listing applications published for the past eight weeks.
Mark Karpeles, the CEO of Mt. Gox, said he would not come to the US to answer questions about the Japanese bitcoin exchange's U.S. bankruptcy case
Porcine epidemic diarrhea has killed millions of pigs in 27 states since showing up in the U.S. last May
April 14- Mark Karpeles, the chief executive of Mt. Gox lawyers cited a subpoena from the U.S. Department of Treasury's Financial Crimes Enforcement Network, which has closely monitored virtual currencies like bitcoin. The court papers also said a Japanese court had been informed of the issue and that a hearing was scheduled on Tuesday in Japan.
Porcine epidemic diarrhea has killed millions of pigs in 27 states since showing up in the U.S. last May, with Illinois, Iowa, Minnesota and North Carolina being hit hardest. Previously, the USDA and the nation's pork industry tracked PED with voluntary reports from the labs.
WASHINGTON, April 17- A possible merger between Sprint Corp and T-Mobile US Inc could prompt U.S. regulators to rewrite rules they are now weighing for a 2015 auction of airwaves, according to sources familiar with the proposed regulations.
The state's inquiry is the latest hurdle for the direct-sales nutrition company.
The Environmental Protection Agency and the Department of Justice said Lowe's had also agreed to implement a new compliance program at more than 1,700 stores nationwide.
As part of the deal announced by the Justice Department and Environmental Protection Agency, the North Carolina- based home improvement retailer also pledged to adopt a compliance program for dealing with lead paint during the renovation programs offered through its more than 1,700 stores.
WASHINGTON, April 17- A former 20- year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday.
ALBANY, N.Y.— New York financial regulators report an agreement with Aetna Life Insurance Co. to pay $500,000 for using group life insurance policy forms that didn't include required information notifying policyholders of certain rights and benefits.
April 16- Chemtura Corp plans to sell its agrochemicals business to Platform Specialty Products Corp for about $1 billion, the Wall Street Journal reported, citing people familiar with the matter. Chemtura's agrochemicals unit sells chemicals-based products such as insecticides and growth regulators.
LOS ANGELES— A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009..
BofA Merrill Lynch, Citigroup and RBC Capital Markets are the underwriters to the IPO, the San Francisco- based company told the U.S. Securities and Exchange Commission in a preliminary prospectus. Zoosk is backed by venture capital firms including Canaan VIII LP, ATA Ventures and Bessemer Venture Partners.
The 4th U.S. Circuit Court of Appeals in Richmond, Va., sided with consumer groups Wednesday in their fight to reveal the identity of the manufacturer. In 2011, an unidentified manufacturer went to court to stop the Consumer Product Safety Commission from publishing online a complaint about a product the company makes.
WASHINGTON, April 16- AT&T Inc has threatened to sit out a major U.S. auction of airwaves if regulators reserve some of the spectrum for smaller rivals, the No. 2 wireless company said in a filing released on Wednesday.
NORTHBROOK, Ill.— The U.S. Justice Department announced Wednesday that an Illinois- based pharmaceutical company will pay $7.3 million to resolve allegations involving the marketing of the drug Mycamine. Northbrook- based Astellas Pharma US Inc. manufactures and sells Mycamine, which is used to treat invasive fungus infections.
John Kasich has sworn in a former state budget director and lawmaker as Ohio's top utility regulator. The Republican governor swore in Thomas Johnson as chairman of the Public Utilities Commission of Ohio on Wednesday. Johnson, of suburban Columbus, replaces Todd Snitchler, who decided not to seek reappointment when his term expired April 10.