BEIJING, Sept 23- Jack Ma, executive chairman of Alibaba Group Holding Ltd, has become China's richest man with a fortune estimated at $25 billion, underscoring the ascension of tech tycoons over real estate peers in the world's second biggest economy.» Read More
NEW YORK, June 27- Each month, 42- year-old Abdirizak Alibos shows up at a money transfer business in the heart of Minneapolis to send $500 to his three children in war-torn Somalia.
BP has asked a U.S. judge to direct what it called a "vast number" of businesses to repay hundreds of millions of dollars awarded as compensation.
June 27- Women's fashion retailer Bebe Stores Inc said it would exit its unprofitable "2 b bebe" business, under which it sells affordable apparel and accessories, by July as part of a cost-cutting program. The company said it would take a pretax charge of $5 million- $6 million related to the closure of the 2 b bebe business, including 16 mall-based stores.
WASHINGTON, June 27- The U.S. Food and Drug Administration said on Friday it has approved MannKind Corp's inhaled insulin, Afrezza, capping an arduous journey for the company and its octogenarian founder, Alfred Mann. It acts more rapidly than injectable insulins such as Eli Lilly and Co's Humalog and Novo Nordisk's NovoLog.
BUENOS AIRES, June 27- Argentina on Friday said U.S. By blocking a payment that Argentina has attempted to make to holders of its restructured bonds, the judge "has abused his power," a statement from the government said.
*Corn bids held mostly steady amid a more active pace of farmer sales. Corn futures are hovering near a four-month low and growers increased sales this week to protect against further losses in price.
*DuPont drops after outlook cut. NEW YORK, June 27- U.S. stocks ended modestly higher on Friday, led by technology shares, though downbeat second-quarter and full-year forecasts from DuPont Co kept a lid on gains.
NEW YORK, June 27- U.S. stocks erased early losses to close up on Friday but still finished the week lower on mixed economic data, while European equities had their first weekly drop since April on worries over Iraq and Ukraine.
MEXICO CITY, June 27- Carlos Slim's real estate firm, Inmobiliaria Carso, will buy AT&T Inc's equity stake in America Movil, tightening the Mexican tycoon's control of his flagship telecommunications firm, according to a filing with Mexico's stock exchange on Friday.
*Stakeholders include private equity firms CVC Capital and CD&R. Univar sources chemicals from over 8,800 producers worldwide, including Dow Chemical Co, Exxon Mobil Corp and Eastman Chemical Co.. The company, which gets more than half of its revenue from the United States, listed Akzo Nobel, Kellogg Co, Ecolab Inc and FMC Corp among its customers.
*DuPont drops after outlook cut. NEW YORK, June 27- U.S. stocks ended modestly higher on Friday, led by technology shares, though a downbeat second-quarter forecast from DuPont Co kept a lid on gains.
WASHINGTON, June 27- The U.S. Food and Drug Administration said on Friday it has approved MannKind Corp's inhaled insulin Afrezza, capping an arduous journey for the company and its octogenarian founder, Alfred Mann. It acts more rapidly than traditional injected insulin sold by Eli Lilly and Co and Denmark's Novo Nordisk.
NEW YORK, June 27- Puerto Rico Aqueduct& Sewer Authority does not foresee restructuring its debt, the agency's executive president Alberto Lazaro said on Friday after a Moody's downgrade that cited a new local law allowing public corporations to restructure.
June 27- Women's apparel retailer Bebe Stores Inc said it would exit its unprofitable "2 b bebe" business, under which it sells affordable apparel and accessories, by July to focus on its core businesses and to cut costs. The company said the exit would lead to annual pretax savings of about $9 million- $10 million beginning in fiscal 2015..
District Judge Thomas Griesa in New York told lawyers representing Argentina and BNY Mellon that any attempt to make payment to bondholders without complying with his court is illegal.
NEW YORK, June 27- Bumble Bee Foods is preparing a sale process that could value North America's largest producer and marketer of canned tuna and sardines at as much as $1.5 billion, according to people familiar with the matter.
LONDON/ WASHINGTON June 27- Barclays Plc has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its "dark pool" trading venue, according to people familiar with the matter.
WASHINGTON, June 27- Quantum Energy Inc, a U.S. energy venture, intends to build a network of "micro refineries" that would produce fuel fit for export, an executive said on Friday.
June 27- Univar Inc, the largest chemical distributor in North America, filed with U.S. regulators on Friday for an initial public offering of up to $100 million.
A three-judge panel of the 6th U.S. Circuit Court of Appeals in Cincinnati rejected claims in 67 of the cases. Among the defendants in the various cases were Eli Lilly& Co, which won regulatory approval for Darvon in 1957 and Darvocet in 1972, and generic drug makers such as Mylan Inc and Teva Pharmaceutical Industries Ltd..