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Top News & Analysis North America

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  • Aug 31- Wall Street opened the week in the red after comments from Federal Reserve Vice Chairman Stanley Fischer over the weekend appeared to keep the door open for a rate hike in September. U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to raise interest rates gradually, Fischer said at the global central banking...

  • The deal gives Bristol-Myers access to Promedior Inc's lead experimental drug, PRM-151, which is being tested to treat two types of fibrosis. The only drug approved by the U.S. Food and Drug Administration to treat myelofibrosis is Incyte Corp's Jakafi, which raked in about $258 million in sales for the six months ended June 30. Lexington, Massachusetts- based...

  • NEW YORK— Bristol-Myers Squibb Co. is paying up to $1.25 billion for the rights to a developing fibrosis drug in a deal that also gives it the right buy drug developer Promedior Inc.. The drug candidate has already been granted special FDA designations allowing for speedier development and a faster review process. Under the terms of the deal, Bristol-Myers...

  • TRENTON, N.J.— The federal government says New Jersey should repay it $32 million after an audit found documents were missing in some of the state's submissions for reimbursement. The federal Department of Health and Human Service's Inspector General's Office released the report Monday. The U.S. found similar problems in New Jersey four years ago, when it...

  • Aug 31- Wall Street was set to open lower on Monday after weekend comments from Federal Reserve Vice Chairman Stanley Fischer appeared to keep the door open for a rate hike in September. U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to raise interest rates gradually, Fischer said at the global central banking conference in...

  • The cable network Epix jumped from Netflix to Hulu, landing a multiyear, digital subscription video on demand deal with the streaming service. Netflix plans to improve its lineup through original films and licensing arrangements with movie studios, Chief Content Officer Ted Sarandos wrote in a blog post. He said that many of the movies Netflix received...

  • SAN FRANCISCO, Aug 31- The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public. In the last couple of years, the biggest VC-backed firms, dubbed "unicorns" in 2013 by venture...

  • Aug 31- As a marriage counselor years ago, Neil Clark Warren saw first-hand how incompatibility led to unhappy matches. The market is dominated by Barry Diller's IAC/InterActiveCorp, owner of Match.com as well as other sites for the lovelorn. Los Angeles- based EHarmony plans to launch its recruitment service- Elevated Careers- in 2016, and expects the business...

  • Blue Bell Creameries resumed selling its products at select locations Monday, four months after the Texas- based retailer halted sales due to listeria contamination. Blue Bell ice cream is now available at stores in the Houston and Austin areas, including in the company's hometown of Brenham, plus parts of Alabama. Production plants in Texas, Oklahoma and...

  • Aug 31- Two studies have identified a gene associated with potentially fatal abnormal heart rhythms, device maker Medtronic Plc said on Monday. A second study, called the' Oregon Sudden Unexpected Death', confirmed the finding in the general population, Medtronic said. "This research is vital to helping us better understand why some patients are at higher risk of...

  • COLUMBUS, Ohio— More than $18.7 million in federal funding to help small businesses has been awarded to Ohio. The program's most recent quarterly report shows Ohio has deployed more than $33 million in initiative funds. Through 2014, Ohio business owners reported the program would help them create or retain nearly 7,000 jobs.

  • KAILUA-KONA, Hawaii— Greg Colden, a farmer on Hawaii's Big Island, said he is most worried about the damage that more rain and sustained winds could do to the area as Hurricane Ignacio passes by this week. He is one of the owners of Kona Natural Soap Co. in Holualoa, upslope of Kona Village on the west side of the island, and has 450 coffee trees and 1,250 cacao trees.

  • NEW YORK— Shares of The Medicines Co. surged in premarket trading Monday after the company and its partner Alnylam Pharmaceuticals Inc. reported study results suggesting effectiveness for a potential cholesterol drug. Shares of Medicines jumped $5.98, or 17.8 percent, to $39.62 in premarket trading. Regeneron Pharmaceuticals Inc. and Sanofi sell...

  • *Weekend comments from Federal Reserve Vice Chairman Stanley Fischer appeared to keep the door open for a rate hike next month. *U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to raise interest rates gradually, Fischer told CNBC at the global central banking conference in Jackson Hole, Wyoming. *Fischer's comments suggest...

  • NEW YORK— More than 54,000 New York City youths landed summer jobs through the Summer Youth Employment Program this year. Department of Youth and Community Development Commissioner Bill Chong tells the Daily News it's the highest number in the program's 50- year history. Information from: Daily News, http://www.nydailynews.com.

  • *Gold eyes monthly gain, rebounding from 5-1/ 2- year low. LONDON, Aug 31- Gold steadied on Monday after last week's slide as a retreat in the dollar lent support, but indications that the Federal Reserve may still raise interest rates this year despite recent market turmoil weighed on the metal. Spot gold was flat at $1,132.98 an ounce at 0934 GMT, while U.S. gold...

  • LONDON, Aug 31- The dollar lost ground against the safe-haven yen and the low-yielding euro on Monday as global stock markets began the week in the red, prompting investors to trim bets against currencies popularly used to fund risky carry trades. European shares fell, with Germany's DAX and France's CAC on track for their worst month in four years.

  • ATLANTIC CITY, N.J.— The manager of the company responsible for operating Atlantic City's boardwalk tram cars is blaming city officials for his financial woes. Tim Bowland, manager of B&B Parking, tells The Press of Atlantic City that his winning bid in 2014 was predicated on an understanding that city council would pass a new ordinance allowing him to advertise...

  • Treasurer Rosie Rios plans to travel to the National Women's Hall of Fame in upstate New York to hear from the public about plans to put a woman on the $10 bill. Rios is scheduled to be at a town hall meeting Monday in Seneca Falls, where the original 1848 Women's Rights Convention was held. Treasury Secretary Jacob Lew announced in June that the $10 bill would be...

  • *Asia-Pacific index down 10 percent so far this month. *China stocks fall more than 3 percent after wild week. HONG KONG, Aug 31- Global financial markets looked set for another rough week on Monday, with stocks and commodities falling ahead of data that could give clues on when the U.S. will raise interest rates and surveys which are likely to point to further...