Most Popular Stories

SAN FRANCISCO, March 10,- The Medicines Co's experimental intravenous blood clot preventer Cangrelor, which is intended for use during angioplasty procedures, solidly outperformed commonly used Plavix in a pivotal late stage study, likely resurrecting the drug's prospects.

BEIJING, March 11- China has not yet decided who will take on the heavy debt load of the railways ministry, a senior official said on Monday, a day after the government announced it was dissolving the scandal-plagued ministry.

*Japan reports big drop in core machinery orders. TOKYO, March 11- The Japan government's choice to lead the country's central bank promised on Monday to move quickly to implement fresh monetary stimulus to lift the struggling economy, a case underlined by a surprisingly sharp drop in a gauge of capital investment.

*Dollar near 3-1/ 2- year high vs yen, 3- month high vs euro. LONDON, March 11- The dollar held near a 3-1/ 2- year high against the yen and was steady near other major currencies on Monday after better-than-expected growth in the U.S. jobs data last week added to optimism about the world's largest economy.

*Greece, Spain, Portugal facing crippling unemployment. Since the region's debt crisis erupted in Greece in late 2009, the European Union has created complex rescue mechanisms to prop up distressed countries and their shaky banking sectors, setting aside a total of 700 billion euros.

*Strong $80.3 mln opening in U.S., Canada. LOS ANGELES, March 10- There was no place like "Oz" at the weekend box office.

*Argentina rejected tax rebate plea, Folha says. RIO DE JANEIRO, March 10- Brazilian mining giant Vale SA is likely to cancel a $5.9 billion potash project after failing to gain tax breaks from Argentina, the Folha de S. Paulo newspaper reported on Sunday.

*Germany pins hopes on US, China, domestic demand. BERLIN, March 11- Germany's trade surplus narrowed in January with imports rebounding after two weak months to rise at their fastest pace since last May, data from the Federal Statistics Office showed on Monday. "So far we had disappointing numbers in January," said Juergen Michels of Citigroup. "

*Uncertainty seen until National People's Congress meetings end March 14. SINGAPORE, March 11- London copper drifted on Monday after patchy growth indicators from top consumer China eroded the risk appetite of investors and pushed up the dollar, while modest demand from China's consumers cushioned prices.

*Aussie slips after China data disappointment. TOKYO, March 11- The dollar hovered near a 3-1/ 2- year high against the yen and held an upper hand against other major currencies on Monday after remarkable growth in U.S. employment added to optimism over recovery in the world's largest economy.

BRUSSELS, March 8- An Austrian bank is facing possible closure for failing to restructure, Europe's competition chief said without naming the bank, but a commission spokesman said Hypo Alpe Adria was the country's only bank negotiating a revamp.

NEW YORK, March 11- In early 2007, as signs of distress began appearing in securities backed by residential mortgages, executives at Standard& Poor's began advising analysts responsible for rating mortgage bonds that they should put the phrase "privileged and confidential" on emails to one another.

NEW YORK, March 11- Wall Street commodity revenues crashed last year to their lowest on record, as tighter regulation and limited price swings squeezed the once dominant traders of Goldman Sachs Group Inc, JPMorgan Chase& Co and Morgan Stanley.

*Uncertainty seen until National People's Congress meetings end March 14. SINGAPORE, March 11- London copper inched higher on Monday, supported by demand from China as international prices grew more attractive versus the domestic benchmark, but patchy growth indicators from the top consumer and an uncertain policy direction curbed gains.

*Spot gold neutral in $1,564.44- $1,586.90/ oz- technicals. SINGAPORE, March 11- Gold edged up on Monday, off a two-week low hit in the previous session on better-than-expected U.S. jobs data, as the Federal Reserve is expected to continue to prop up the economy through 2013 with monetary stimulus, giving support to gold.

SAN FRANCISCO, March 11- Last spring, the future for Viddy, a video-sharing Facebook app, seemed as sunny as southern California's skies. But this month, the company fired its chief executive, laid off nearly half of its staff and blamed plummeting user numbers on something it once believed to be its ticket to success: Facebook Inc..

*Sumitomo Mitsui jumps after saying to repay bailout funds. *Automakers boosted by Citi target price hike- analyst. Sumitomo Mitsui Trust Holdings Inc shot up 4.5 percent to a four-year high after the bank said it would repay 200 billion yen in public bailout money, ending more than a decade of partial government ownership.

*MSCI World index falls 0.6 pct after Italian vote. LONDON, Feb 26- Stock markets and southern European government bonds sank on Tuesday on fears that an electoral stalemate in Italy would leave its economic reform efforts in tatters and reignite the euro zone's broader debt crisis.