SAN RAFAEL, Calif.— BioMarin Pharmaceutical will pay $680 million in cash for the Dutch biotech company Prosensa in a bid to strengthen its pipeline of genetic disorder treatments. The San Rafael, California, company also said it will make two approximately $80 million milestone payments to Prosensa shareholders if U.S. and European regulators approve the...» Read More
CHISINAU/ TBILISI, June 10- Undeterred by the conflict triggered by Ukraine's swing towards Europe, the former Soviet republics of Moldova and Georgia will sign a trade and political pact with the European Union this month with Russia warning both countries against the move.
FRANKFURT, June 10- U.S. private equity firm Fortress Investment Group LLC ended its 10- year foray into German real estate on Tuesday, selling a $1 billion stake in Gagfah, one of Germany's largest property firms.
*Euronext says price range is 19- 25 euros/ share. *Euronext targets annual revenue growth of 5 pct. PARIS, June 10- European financial markets operator Euronext unveiled plans to raise up to 1.16 billion euros in an initial public offering valuing the firm at 1.75 billion euros and forecast a return to revenue growth over the next three years.
DETROIT, June 10- General Motors Co Mary Barra speaking ahead of annual meeting with media:. *CEO Barra says there is no new information as it relates to ignition switch. *CEO Barra reiterates that Kenneth Feinberg will determine final number of.
*OPEC set to leave 30 million bpd output ceiling as is. VIENNA, June 10- An oil price comfortably over $100 a barrel leaves smiling OPEC ministers with an easy task to leave things as they are on output policy at their Wednesday meeting.
June 10- PPL Corp and Riverstone Holdings LLC said on Monday they would combine their merchant power generation businesses into a new stand-alone, publicly traded independent power producer. PPL said following the spinoff, it will focus on the regulated utilities it owns and operates in the United Kingdom, Kentucky and Pennsylvania.
GM CEO BARRA SAYS IT'S NOT ABOUT PUTTING THE SWITCH RECALL BEHIND US, IT'S ABOUT LEARNING FROM IT.
The company said it expects earnings of $1.05- $1.17 per share on revenue of $387- $399 million assuming a low single-digit decrease to flat comparable sales for the year ending Jan. 31. It had previously forecast earnings of $1.16- $1.31 per share on revenue of $391- $409 million.
GM CEO BARRA REITERATES THAT KENNETH FEINBERG WILL DETERMINE FINAL NUMBER OF DEATHS LINKED TO BAD SWITCH.
GM CEO BARRA AGREES INTERNAL REPORT IS A FULCRUM FOR CHANGE AT THE AUTOMAKER.
NEW YORK, June 10- U.S. stock index futures edged lower on Tuesday, as investors found few reasons to keep buying with the Dow and S&P 500 just below the latest in a string of records.
GENERAL MOTORS CO CEO BARRA SAYS THERE IS NO NEW INFORMATION AS IT RELATES TO IGNITION SWITCH RECALL.
Palladium and platinum prices both rise. LONDON, June 10- Palladium jumped to its highest level in nearly 3-1/ 2 years on Tuesday, while platinum also gained, after talks to resolve a five-month strike in top producer South Africa broke down.
NICOSIA, June 10- Cyprus has appointed six international banks to arrange a series of meetings with fixed income investors in Europe, which may herald an earlier return to markets than envisaged under its bailout programme.
June 10- Achillion Pharmaceuticals Inc said the U.S. Food and Drug Administration allowed it to resume the development of one of its hepatitis C drugs, lifting a clinical hold that was imposed nearly a year ago. Achillion submitted additional data on the drug in September, but the FDA maintained the hold.
*Ford to hire 500 engineers at Cologne development centre. BERLIN, June 10- Ford Motor Co will keep production of the Fiesta, its top-selling European car, in high-wage Germany after agreeing with workers to cut assembly costs as it looks to end years of losses on its European operations.
CYPRUS SAYS APPOINTS BANKS TO ARRANGE SERIES OF MEETINGS WITH FIXED INCOME INVESTORS IN EUROPE.
*Greek yields drop, Cyprus plans comeback. LONDON, June 10- Euro zone overnight interbank interest rates traded at record lows on Tuesday in a sign that the European Central Bank's efforts to keep money markets anchored will bear fruit.
MOSCOW, June 10- Russia and Ukraine will resume efforts to resolve a gas pricing dispute on Tuesday after a Russian deadline for Kiev to pay some of its debts passed without Moscow cutting off supplies.
WASHINGTON, June 10- Video consumption of the World Cup alone will generate nearly as much Internet traffic as occurred in all of Australia in 2013, according to a new Cisco Systems Inc report that shows growth in Internet traffic is fueled by video.