Wires

  • TRENTON, N.J.— Drugmaker Pfizer Inc. is continuing its shopping spree with its fourth acquisition since the April collapse of its planned $160 billion megadeal to buy rival Allergan PLC and move its headquarters, on paper, to Allergan's base in lower-tax Ireland. In its second deal this week, New York- based Pfizer said it's buying rights to Anglo-Swedish...

  • WHITE HOUSE SAYS CANNOT SECOND GUESS MYLAN, BUT PRESCRIPTION DRUG PRICE INCREASES CAN RAISE MORAL, ETHICAL QUESTIONS.

  • WHITE HOUSE, ASKED ABOUT MYLAN'S EPIPEN PRICE HIKE, SAYS THERE ARE OTHER STEPS FEDERAL GOVERNMENT SHOULD TAKE TO ADDRESS DRUG COSTS.

  • BISMARCK, N.D.— The Latest on the legal proceedings against a Texas- based oil pipeline:. A federal judge in Washington, D.C., is considering a request by the Standing Rock Sioux Tribe for a temporary injunction against an oil pipeline under construction near their reservation, which straddles the North Dakota-South Dakota border. Tribal officials are...

  • WASHINGTON, Aug 24- U.S. home resales fell more than expected in July after four straight months of strong gains, as a lack of inventory limited choice for buyers, but further price rises suggested the housing market remained on solid ground. The slump in sales reported by the National Association of Realtors on Wednesday is likely to be temporary, given that a...

  • LONDON— Pharmaceutical company AstraZeneca plans to sell its antibiotic pills business to Pfizer in a deal that will be valued in excess of $1.5 billion when rights, royalties and other payments are included. Under the deal, AstraZeneca will sell the commercialization and development rights in most markets globally outside the United States.

  • NEW YORK, Aug 24- U.S.-based bond funds added a seventh week to their rip-roaring sales streak, attracting $8.9 billion as investors doubled down on corporate and municipal debt, data from trade group Investment Company Institute showed on Wednesday. Taxable bond funds, which include corporate debt, gathered $7.1 billion during the week ended on Aug. 17, the data...

  • FLORIDA HEALTH DEPARTMENT REPORTS 15 NEW TRAVEL-RELATED CASES OF ZIKA VIRUS ON WEDNESDAY.

  • Aug 24- Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is awaiting Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyoming on Friday when she is expected to give a steer on the direction of monetary policy.

  • FRANKFURT, Aug 24- Euro area banks saw their profits fall by a fifth in the first three months of this year as they made less money from trading and most other business areas, European Central Bank data showed on Wednesday. Net profit fell by 20 percent year on year to 18 billion euros. In cash-rich Germany, several banks have responded by charging fees on bank...

  • *Some see volatility on OPEC jawboning of output freeze deal. Gasoline and distillate stocks also rose, the EIA said, driving down oil prices that had mostly risen in the past two weeks on speculation of an output freeze by major producers led by OPEC. "I cannot continue to stress that at this time of year we are supposed to be getting draws," Tariq Zahir, oil trader at...

  • LONDON/ MILAN, Aug 24- European shares rose on Wednesday, helped by a buoyant banking sector, while a disappointing update from British miner Glencore dragged the mining sector lower. However... after the rally that it's seen, this report doesn't really warrant a leg higher in the share price, " Jonathan Roy, advisory investment manager at Charles Hanover Investments,...

  • Emerging market stocks retreated 1 percent, led by political risk-driven losses in South Africa and Turkey, while broader sentiment was dented by a revival of U.S. rate rise expectations. On a light day for data, investors' nerves may have been soothed by signs that the anticipated economic seizure in Britain- and beyond- from the shock vote in June to leave the...

  • BASE PRICE: $12,995 for ES with manual transmission; $14,195 for ES automatic; $14,795 for SE manual; $15,995 for SE automatic; $16,495 for GT. TYPE: Front-engine, front-wheel drive, five-passenger, subcompact hatchback. ENGINE: 1.2- liter, double overhead cam, inline, three cylinder with MIVEC.

  • Starting manufacturer's suggested retail price, including delivery charge, for a base 2017 Mirage ES with five-speed manual transmission is $13,830. For an ES with a continuously variable transmission that a driver operates like an automatic, it costs $15,030. Mitsubishi's lowest-priced vehicle, the Mirage comes with long-running warranty coverage that...

  • SAO PAULO, Aug 24- Nippon Steel and Sumitomo Metal Corp is working on a plan to split Usinas Siderúrgicas de Minas Gerais SA into two separate units, in a last ditch attempt to end a two-year battle with Techint Group for control of the Brazilian steelmaker, two people familiar with the matter said on Wednesday. Techint Group, the other controlling shareholder of...

  • NIPPON STEEL AND SUMITOMO METAL IN THE PROCESS OF HIRING FINANCIAL, LEGAL ADVISERS TO WORK ON POTENTIAL SPLIT OF BRAZIL'S USIMINAS, SOURCES SAY.

  • The actions, brought under an SEC initiative that encouraged municipal bond issuers to self-report certain violations, involved conduct that occurred between 2011 and 2014, the SEC said. All of the entities involved settled with the SEC without admitting or denying the SEC's findings, the agency said. The action covers a wide range of other issuers and...

  • WASHINGTON— The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 million in cash to fly to Tehran. On Jan. 17, the administration paid Iran the account's $400 million principal in pallets of euros, Swiss francs and other foreign...

  • BERLIN, Aug 24- Britain's vote to leave the European Union has spurred a surge in the number of financial service industry workers now based in the UK applying to work in Berlin's burgeoning fintech scene, several of the city's start-ups told Reuters. Employers say it is easier to lure bankers to Berlin than to get techies to move to Frankfurt, with potential...