Oct 20- U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal. AbbVie, which last week said its board of directors had withdrawn its recommendation to proceed with the Shire purchase,...» Read More
NEW YORK-- Shares of LinnCo LLC, a subsidiary of oil and natural gas developer Linn Energy LLC, rose nearly 4 percent in its first day of trading on the Nasdaq. The Houston company raised about $1.1 billion in its initial public stock offering, selling 30.3 million shares for $36.50 each. Trading under the "LNCO" symbol, shares added $1.30 to $37.80 in afternoon trading.
UnitedHealth Group Inc. has spoiled the surprise for investors by already stating that its third-quarter net income will top Wall Street expectations, but the nation's largest health insurer will release more details on Tuesday.
They fault President Barack Obama and his Environmental Protection Agency for new clean air rules they deride as a devastating blow to a multibillion-dollar industry that has been the lifeblood of Appalachia for generations.
JOHANNESBURG-- A strike by 20,000 truckers in South Africa ended Friday with an agreement to increase wages, said the strikers' union. The truckers signed a three-year wage deal that gives them a 10 percent pay raise in the first year, said Vincent Masoga, spokesman for the South African Transport and Allied Workers' Union.
CHARLESTON, W.Va.-- The Greenbrier resort is buying one of the nation's oldest golf courses after it failed to sell at auction over the summer, the resort's owner told The Associated Press on Friday. Greenbrier owner Jim Justice confirmed the purchase of Oakhurst Links.
But this isn't the first time Congress has pushed for more authority over the industry. And with a gridlocked Congress at its most unproductive in decades, experts don't expect to see new laws passed anytime soon.
NEW ORLEANS-- All four players punished in the NFL's bounty investigation have filed appeals with the league. One of the people also says New Orleans linebacker Jonathan Vilma expects to play at Tampa Bay on Oct. 21 while his appeal is pending.
OMAHA, Neb.-- Fidelity Investments has selected the Omaha suburb of Papillion for its new, $200 million data center, the company said Friday.
LITTLE ROCK, Ark.-- The nation's largest meat company, Tyson Foods Inc., announced Friday that it will do an animal treatment audit of suppliers' farms.
NEW YORK-- Best Buy said Friday that it has authorized its store staffers to match online prices of competitors in some cases, as it beefs up service offerings as the all-important holiday season kicks off. Best Buy and others already offer price-matching guarantees for local competitors' brick-and-mortar stores.
MOGADISHU, Somalia-- A Liberian-flagged Greek-owned ship and its crew of 21 Filipinos who were held hostage by pirates for eight months have been released following the payment of a $2.3 million ransom, a Somali pirate said Friday.
MEMPHIS, Tenn.-- The Beverly Hills home where the late Elvis Presley and his wife Priscilla once lived is up for sale, real estate website operator Trulia said. The house hit the market Wednesday for $12.9 million, according to Trulia.
FONTANA, Calif.-- Firefighters say the roof of a motorcycle warehouse in Fontana collapsed after a foot of rain water backed up behind clogged drains. San Bernardino County firefighters were called about 5 p.m. Thursday, after a heavy downpour.
HOSTILE NEGOTIATIONS: The president of Cyprus is trying to convince trade unions to rally behind tough austerity measures that the government wants to negotiate with potential creditors in return for a multibillion euro bailout loan to prop up the country's ailing banks and economy.
WILLIAMSON, W.Va.-- The Mingo County Airport Authority celebrated the opening of a 7,000- foot runway and its new Air Transportation Park on a reclaimed mine site Friday.
FRANKFORT, Ky.-- Members of a Christians-only health insurance plan that has been ordered to cease operations in Kentucky should get different policies immediately, the state Department of Insurance advised Friday.