LONDON, Dec 12- Bristol-Myers Squibb is to share intellectual property rights on an important HIV/AIDS drug in a patent pool designed to make treatments more widely available in poor countries.» Read More
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.
June 24- A federal appeals court on Monday upheld the insider conviction of Galleon Group hedge fund founder Raj Rajaratnam. The 2nd U.S. Circuit Court of Appeals in New York rejected Rajaratnam's arguments that wiretap evidence in his case should have been suppressed, and that jury instructions on the use of inside information were inadequate.
BRUSSELS, June 24- The European Commission gave unconditional approval to IntercontinentalExchange to buy NYSE Euronext for $8.2 billion on Monday, in a deal strengthening ICE's presence in the lucrative derivatives trading business.
*Doubts over China demand growth. LONDON, June 24- Brent crude traded at its lowest in three weeks after dropping below $100 on Monday as the dollar firmed and investors worried that a credit squeeze could dampen growth in China, the world's biggest energy user. Brent crude was off 71 cents at $100.20 by 1332 GMT, after falling to $99.82, its weakest since June 3.
BRUSSELS, June 24- A decision by Europe's drug regulator to release detailed data on drugs once a medicine is approved could discourage critical investment in crisis-hit Europe, Sanofi's chief executive said.
June 24- Delta Air Lines said on Monday that it has completed its purchase of a 49 percent stake in British airline Virgin Atlantic and added the two carriers plan to start cross-selling seats on each other's flights in July.
June 24- Pfizer Inc said on Monday that enough Pfizer shareholders offered to trade their shares for stock in Pfizer's majority owned Zoetis Inc animal health business to allow Pfizer to complete its spinoff of the unit.
NEW YORK, June 24- U.S. stocks opened sharply lower on Monday, extending recent weakness after the worst weekly decline for the S&P 500 in two months, on concerns the U.S. Federal Reserve's stimulus may be drawing to a close and that a cash crunch in China could further slow growth. The Nasdaq Composite Index was down 36.93 points, or 1.10 percent, at 3,320.31.
LONDON, June 24- Disposals are trumping acquisitions as GlaxoSmithKline slims down ready for a wave of its new medicines to reach the market. It is a mismatch that Chief Executive Andrew Witty is happy to see continue as the company becomes more focused, increasing its leverage to new drugs coming down the pipe.
LONDON, June 24- An independent panel set up by the World Bank to look at the validity of one of its highest profile country reports said on Monday the Bank should stop producing headline rankings because they may be misleading.
WINNIPEG, Manitoba, June 24- Seed developer Monsanto Co said on Monday that it would spend $100 million over the next 10 years on breeding corn for Western Canada, a move it said might change the crop makeup in a fertile region that produces big harvests of spring wheat and canola.
*Russian supply to China to triple in raft of agreements. *China to take a tenth of Russia's oil. BEIJING, June 24- Russian state-run oil firm Rosneft will eventually export 46.1 million tonnes a year of oil to China in the single largest contract in China's crude trade, CNPC said, or nearly a tenth of Russia's current output.
New York, June 24- The dollar climbed against a basket of currencies on Monday to trade near its highest in nearly three weeks, on rising anticipation U.S. monetary stimulus will be scaled back in the near term.
*Offer of $21 per Vanguard share represents 70 pct premium. *Tenet estimates $100 mln- $200 mln annual savings. June 24- Hospital operator Tenet Healthcare Corp will buy smaller rival Vanguard Health Systems Inc for about $1.73 billion plus the assumption of debt to expand into new geographies, further evidence of consolidation being driven by U.S.
*Tenet Health to buy Vanguard Health for $4.3 bln. *Keynote Systems to be acquired for $20 per share.
WINNIPEG, Manitoba, June 24- Seed developer Monsanto Co said on Monday it will spend $100 million over the next 10 years on breeding corn for Western Canada, a fertile region that produces big harvests of spring wheat and canola.
NEW YORK, June 24- Yields on U.S. five-year Treasuries Inflation-Protected Securities, also known as Treasuries real yields, turned flat on Monday and briefly traded above zero for the first time since February 2011, according to data by TradeWeb.
JERUSALEM, June 24- When Jacob Frenkel last ran the Bank of Israel, his main concern was battling high inflation.