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  • However, the report from the Generic Pharmaceutical Association said REMS have been used to prevent generic drugmakers from getting branded medicine to test their own versions, which is required to win FDA approval.

  • WASHINGTON, July 23- U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to reduce the risk of runs on the funds while still protecting the product's utility for investors.



  • Hong Kong at risk of losing retail rent crown Wednesday, 23 Jul 2014 | 5:00 PM ET

    *Hong Kong rents facing first fall in a decade- CBRE. Hong Kong shop store rents stood at around HK $4,331 per square foot in the first quarter- about 25 percent higher than those in New York and almost triple similar rents in Paris, the world's second and third most expensive cities for retailers respectively, according to property services firm CBRE.

  • NEW YORK/ LONDON, July 23- Gold fell for a second day on Wednesday as gains in U.S. equities and dearth of new developments from conflicts in Ukraine and the Middle East prompted investors take profits.

  • SAN FRANCISCO, July 23- Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday.

  • WASHINGTON, July 23- Wages may be growing at a faster clip than envisaged by U.S. policymakers, with a recent raft of business surveys showing an increase in the number of companies raising compensation.

  • *Apple rallies after results, boosting tech names. NEW YORK, July 23- U.S. stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple's bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check.

  • UPDATE 1-Angie's List forecasts revenue below Street Wednesday, 23 Jul 2014 | 4:48 PM ET

    July 23- Angie's List Inc, which operates a website that allows users to review local businesses, forecast quarterly revenue below estimates and reported a bigger-than-expected quarterly loss as it spent more to sign up customers. Angie's List said it expects revenue of $80.5 million- $82.5 million for the third quarter ending September.

  • NEW YORK, July 23- Mars Chocolate North America, the maker of M&M's and Snickers, said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," its first increase in three years.

  • NEW YORK, July 23- A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. New York- based BlueMountain Capital Management filed a lawsuit in the district court of Puerto Rico on Tuesday, claiming that the new law, known as the Recovery Act, runs counter to both the Puerto Rican and U.S. constitutions.

  • SAN FRANCISCO, July 23- AT&T Inc and the Chernin Group are close to buying a majority slice of Fullscreen, in a deal that will value the popular YouTube video network at $200 million to $300 million, said tech blog Re/code, citing sources familiar with the target company.

  • BRASILIA/ SAO PAULO, July 23- Brazil's Treasury launched $1 billion worth of a new 30- year benchmark global bond on Wednesday and offered to buy back costlier, shorter-dated maturities as it seeks to take advantage of a growing appetite for Brazilian assets.

  • WASHINGTON, July 23- AT&T Inc's second-quarter revenue rose, but slightly less than Wall Street forecasts, as a promotional offer to charge customers for devices separately from service weighed on average revenue per user.

  • July 23- Brokerage and investment bank Raymond James Financial Inc's quarterly profit jumped 46 percent, driven by growth in its asset management business. Net income rose to $122.69 million, or 85 cents per share, for the third quarter ended June 30, from $83.86 million, or 59 cents per share, a year earlier.

  • TripAdvisor's profit misses estimate as costs climb Wednesday, 23 Jul 2014 | 4:25 PM ET

    July 23- Online travel research company TripAdvisor Inc reported a lower-than-expected quarterly profit, sending its shares down 9 percent in extended trading. Excluding items, TripAdvisor earned 55 cents per share, 6 cents below what analysts on average had expected, according to Thomson Reuters I/B/E/S.

  • UPDATE 1-Facebook second-quarter revenue increases 61 pct Wednesday, 23 Jul 2014 | 4:24 PM ET

    SAN FRANCISCO, July 23- Facebook Inc increased its revenue 61 percent in the second quarter, beating Wall Street's target as the Internet company benefited from strong demand for its mobile advertising business. Overall revenue totaled $2.91 billion in the three months ended June 30, versus $1.81 billion in the year-ago period.

  • Cirrus Logic profit beats estimates Wednesday, 23 Jul 2014 | 4:18 PM ET

    July 23- Chipmaker Cirrus Logic Inc reported a quarterly profit above analysts' estimates, helped by demand for its audio chips from iPhone and iPad maker Apple Inc. Net income fell to $10.2 million, or 16 cents per share, in the first quarter from $20.6 million, or 31 cents per share, a year earlier. Cirrus gets about three-quarters of its revenue from Apple.

  • Mars to raise chocolate prices 7 pct, following Hershey Wednesday, 23 Jul 2014 | 4:15 PM ET

    NEW YORK, July 23- Mars Chocolate North America said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," marking its first increase in three years.