WASHINGTON _ President Barack Obama meets with college presidents and business leaders to discuss college costs. WASHINGTON _ Health and Human Services Secretary Kathleen Sebelius testifies before the House Energy and Commerce Committee about the health care law.» Read More
MOSCOW, June 24- Former U.S. spy agency contractor Edward Snowden's whereabouts were a mystery on Monday as Russia resisted White House pressure to send him back to the United States or stop him continuing on his journey to escape U.S. prosecution.
*Tenet Health to buy Vanguard Health; Keynote to be bought. NEW YORK, June 24- U.S. stocks dropped more than 1 percent on Monday, extending a slide as investors worried about the impact on equities from the Federal Reserve's plan to exit its economic stimulus and a cash squeeze in China that could hurt its economy.
LONDON, June 24- Shale has killed climate policy. Now the International Energy Agency is trying to bring it back to life. "The world is drifting further and further from the track it needs to follow" if the rise in global temperatures is to be limited to no more than 2 degrees Celsius, the International Energy Agency warned on June 10.
LONDON, June 24- European shares fell on Monday and pushed a leading regional index firmly into negative territory for the year as worries over a possible Chinese credit crunch and a scaling back in U.S economic stimulus hit markets.
June 24- Neiman Marcus Inc filed registration papers on Monday for an initial public offering as its private equity owners eye an exit for their long-held investment in the luxury department store operator.
NEW YORK, June 24- U.S. stocks extended losses on Monday, falling more than 2 percent after the S&P 500 index's biggest weekly decline in two months, as investors repriced shares in the wake of the Federal Reserve's plans to withdraw its stimulus. The Dow Jones industrial average was down 223.78 points, or 1.51 percent, at 14,575.62.
NEW YORK, June 24- Tenet Healthcare joined the high-yield pipeline of M&A deals on Monday, announcing plans to acquire smaller rival Vanguard Health Systems for USD4.3bn, including the assumption of USD2.5bn of debt.
*Wall St opens sharply lower on Fed, China worries. NEW YORK, June 24- Global equity markets, bond prices and commodities tumbled on Monday, entering another week of heavy selloff, on worries about the U.S. central bank's plans to scale back its money printing, combined with tighter financial conditions in China.
In his first public comments since the Fed last week unveiled a plan for reducing its stimulative asset purchases, New York Fed President William Dudley said the U.S. central bank must consider financial instability when formulating its policies.
NEW YORK, June 24- Prices for U.S. Fed Chairman Ben Bernanke's timeline on Wednesday to scale back the $85 billion- a-month of bond purchases took yields on benchmark 10- year notes to their highest since August 2011. The exit door is not that big and everyone's going at the same time, "said Justin Lederer, strategist at Cantor Fitzgerald in New York."
The decision by a unanimous three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York was a victory for federal prosecutors.
June 24- Hard drive maker Western Digital Corp will buy troubled Stec Inc to become one of the top players in the high-growth solid-state drive industry that has flourished despite high prices of the storage devices.
June 24- Luxury department store operator Neiman Marcus Inc filed registration papers with U.S. regulators on Monday for an initial public offering of up to $100 million. The chain, which operates 41 namesake departments stores, Bergdorf Goodman and a chain of lower-price outlet stores, will not receive any proceeds from the IPO, according to the prospectus.
*Agrees to sell North American gypsum unit to Lone Star. By Greg Roumeliotis and Anjuli Davies. NEW YORK/ LONDON June 24- Lafarge, the world's largest cement maker, has agreed to sell its North American gypsum business to U.S. private equity firm Lone Star for $700 million as part of its drive to divest non-core activities and cut debt.
June 24- Pfizer Inc said on Monday that enough investors had offered to trade their shares of the drugmaker for those in its majority owned Zoetis Inc animal health business, a final step in the spinoff of the unit. As a result, Pfizer said it no longer would hold any ownership interest in Zoetis.
*Tenet Health to buy Vanguard Health for $4.3 bln. NEW YORK, June 24- U.S. stocks extended losses on Monday, falling more than 1 percent after the S&P 500 index's biggest weekly decline in two months, as investors repriced shares in the wake of the Federal Reserve's plans to withdraw its stimulus.
WASHINGTON, June 24- The U.S. Supreme Court ruled on Monday that makers of generic drugs already approved by the U.S. Food and Drug Administration cannot be held liable under state law for claims of design defects. In a 5-4 vote, the court ruled for Mutual Pharmaceutical Co, a unit of URL Pharma, owned by Sun Pharmaceutical Industries.
BRUSSELS, June 24- The European Commission gave unconditional approval to IntercontinentalExchange to buy NYSE Euronext for $8.2 billion on Monday, a deal that strengthens ICE's presence in the lucrative derivatives trading business.
WASHINGTON, June 24- The U.S. Supreme Court ruled on Monday that makers of generic drugs already approved by the U.S. Food and Drug Administration cannot be held liable under state law for claims of design defects.
*Snowden not seen on Moscow- Havana flight. MOSCOW, June 24- Former U.S. spy agency contractor Edward Snowden's whereabouts were a mystery on Monday as Russia defied White House pressure to send him back to the United States and stop him fleeing Moscow on his globe-crossing escape from U.S. prosecution. There are no direct commercial flights to Quito from Moscow.