U.S. cancer drug company Medivation is discussing opening its books to Sanofi, people familiar with the matter said on Tuesday. » Read More
BOSTON-- Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.
Bidzina Ivanishvili, a onetime barefoot village boy turned eccentric billionaire philanthropist, is poised to become the new leader of Georgia, a strategic South Caucasus country that lives in the shadows of giant neighbor Russia.
NOVI, Mich.-- Cooper-Standard Holdings Inc. on Tuesday named Jeffrey Edwards as the next president and chief executive of the company and its main operating subsidiary. The Novi, Mich.- based auto parts company said that Edwards will succeed James McElya, its current president and CEO, when McElya retires on Oct. 15..
NEW YORK-- Shares of Fifth& Pacific slid Tuesday after the clothing maker cut its guidance due to weak sales of Juicy Couture. THE SPARK: Fifth& Pacific Cos. lowered its profit outlook for the year late on Monday.
That equals $55 billion in premiums for insurers. Those totals may rise to 29 million people and $205 billion in premiums by 2021.. A CONDITION: PwC says growth may vary depending on whether states expand their Medicaid programs, which provide coverage for the needy and disabled.
BEIRUT-- An American freelance journalist who has been missing in Syria since mid-August has been shown in a video clip posted online, blindfolded and saying "Oh, Jesus" in a frightened voice in the custody of armed men. Tice, a 31- year-old former Marine, had been reporting on Syria's civil war for The Washington Post, McClatchy Newspapers and others.
The company said Tuesday that Tommy Hilfiger is doing particularly well in North America and that its planned turnaround of the Heritage Brands wholesale businesses is going better than expected. For the third quarter, PVH Corp. now anticipates adjusted earnings of $2.28 to $2.30 per share.
ATLANTA-- Acuity Brands' fiscal fourth-quarter net income fell 3 percent, pulled down by a charge and expenses related to a plant closing. The lighting maker, which sells lights under brands including Holophane, Gotham and Synergy Lighting Controls, earned $33.3 million, or 78 cents per share, for the three months ended Aug. 31.
DETROIT-- Ford Motor Co. says its U.S. sales were flat in September as increases in sales of cars and SUVs were weighed down by lower truck sales. Ford's truck sales fell 7.6 percent, largely because of the discontinuation of the Ranger small pickup. The Ranger was a strong seller last September.
THE HAGUE, Netherlands-- Smoked salmon tainted with salmonella has sickened hundreds of people in the Netherlands, authorities said, sparking major recalls there and in the U.S.
TEHRAN, Iran-- President Mahmoud Ahmadinejad blamed the steep drop in Iran's currency Tuesday to "psychological pressures" linked to Western sanctions over Tehran's nuclear program. The U.S. and its allies have imposed the punishing measures to try to persuade Iran to negotiate over its nuclear program, which the West says is aimed at developing atomic weapons.
Jim Nash is such a big Yankees fan that he named his son George Mattingly Nash, combining two of his favorite players: George Herman Ruth and Don Mattingly. Now, power up the computer and get a prize from the likes of R.A. Dickey, Cliff Lee, Andrew McCutchen and Clayton Kershaw.
NEW YORK-- Stocks climbed Tuesday on Wall Street after a measure of American home prices posted the largest gain in more than six years, the latest data to indicate an improving housing market.
GENEVA-- Opponents of Switzerland's tax agreements with Germany, Austria and Britain have failed to gather enough signatures needed to hold three popular referendums that could have defeated the deals.
JERUSALEM-- Israeli electric car company Better Place is replacing its founder and chief executive, Shai Agassi. The chief executive of Better Place's Australian business, Even Thornley, will take over. Agassi, a former top executive at German software maker SAP, will remain on Better Place's board.
NEW YORK-- Stocks are opening higher on Wall Street after a big jump in U.S. home prices made investors more confident that the housing market is recovering. CoreLogic, a private real estate data provider, said its measure of U.S. home prices rose 4.6 percent in August from the same month a year ago, the largest year-over-year increase in more than six years.
HENDERSON, Nev.-- Sometimes all President Barack Obama has to do is look out the window to get a firsthand look at the country's economic woes. This week in this town, the presidential motorcade speeds past opulent homes lining manmade Lake Las Vegas as he heads to the sprawling luxury development where he's preparing for the upcoming debates with Mitt Romney.