U.S. cancer drug company Medivation is discussing opening its books to Sanofi, people familiar with the matter said on Tuesday. » Read More
AUBURN HILLS, Mich.-- Chrysler Group LLC said Tuesday that its September U.S. sales rose 12 percent, crediting strong demand for new models, low interest rates and a stable U.S. economy. BY THE NUMBERS: The Auburn Hills, Mich.- based automaker said it sold 142,041 vehicles last month, up from 127,336 in the same month a year earlier.
NEW YORK-- A doctor once lauded for her AIDS treatment work is blaming one of her dozen or so personalities for a prescription painkillers scheme that defrauded Medicaid out of hundreds of thousands of dollars. Diana Williamson was supposed to be sentenced on Monday, but U.S.
HANOVER, Md.-- The KEYW Holding Corp., which provides online security to the federal government, said Tuesday that it completed its acquisition of Poole& Associates Inc. in a cash and stock deal worth about $126 million. KEYW said it expects the acquisition to immediately boost its profits.
HOUSTON-- A man accused of killing his ex-girlfriend in Houston and then driving hundreds of miles to dump her body in a West Texas oil field taped an interview about the case with the "Dr. Mark Augustin Castellano, a 37- year-old computer technician, has been charged with murder in the Sept. 22 death of 31- year-old Michelle Warner.
CoreLogic, a private real estate data provider, also said prices rose 0.3 percent in August from July, the sixth straight month of price gains. The CoreLogic report comes a day after the manufacturing survey from the Institute for Supply Management also pointed to an improvement.
BAGHDAD-- Iraq on Tuesday signed a $14 million deal with a U.S. consortium to modernize a major port in the country's southern province of Basra in a move aimed at developing key infrastructure neglected during years of war and sanctions.
NEW YORK-- HOLIDAY SALES FORECAST: The National Retail Federation, the nation's largest retail trade group, expects sales to rise 4.1 percent during the holiday shopping period in November and December.
The actual numbers also will depend on how many states decide to expand Medicaid coverage like the overhaul requires. Medicaid is the state and federally funded program that provides coverage for the needy and disabled. The Supreme Court ruled earlier this year that individual states could opt out of this expansion.
HONG KONG-- Police on Tuesday arrested seven crew members from two boats that collided in Hong Kong waters, killing 38 holiday revelers, but offered no theory about how the vessels ran into each other on a clear night in one of the safest and most regulated waterways in Asia.
NEW YORK-- Electronic payments processor Global Payments said Tuesday that it has completed its $413 million acquisition of smaller client Accelerated Payment Technologies. Global Payments Inc. announced the deal in August. Global Payments shares finished at $41.79 on Monday.
HOUSTON-- The electric power producer Dynegy Inc. has emerged from Chapter 11 bankruptcy protection. Dynegy filed for Chapter 11 in July after years of falling electricity prices and debt that surpassed $5 billion last year. As part of the restructuring, Dynegy Holdings and Dynegy Inc. were combined on Sept. 30.
COLUMBUS, Ohio-- Shares of Express declined 17 percent in premarket trading Tuesday after the clothing retailer cut its forecast for the current quarter because of fewer shoppers in September and heavy discounting.
TEHRAN, Iran-- Iranian lawmakers have signed a petition to summon President Mahmoud Ahmadinejad to parliament for questioning over the rapid drop in the value of the country's currency. Iran's currency fell again Tuesday, hitting a record low of 34,500 rials against the U.S. dollar. It was 29,500 rials to the dollar Sunday.
CARACAS, Venezuela-- Venezuelan President Hugo Chavez pledged to redouble his efforts to create a socialist system if re-elected in Sunday's election, saying the next six-year term would bring bigger changes.
Jerry Brown on Monday for last-minute vetoes of bills that could have brought sweeping change to the state's large foreign-born population. They said signing those bills could have further distinguished California as immigrant-friendly compared to states such as Arizona and Alabama, which have been cracking down on illegal immigration.
CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain. Housing prices are rising in most areas, according to CoreLogic.
NEWARK, N.J.-- Authorities say an executive with the NBA's New Orleans Hornets has been charged with criminal possession of a weapon after a handgun was found in his checked baggage at New Jersey's Newark Liberty International Airport.
NEW YORK-- A Citi analyst on Tuesday raised his rating for Liberty Media Corp. to "Buy" from "Neutral," predicting that the company will soon take control of Sirius XM Radio Inc..