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  • Results with Alnylam Pharmaceuticals and Medicines Co's experimental product ALN-PCSsc highlight the competition for a market tipped to generate billions of dollars in sales. Amgen's Repatha and a rival product, Praluent, from Sanofi and Regeneron Pharmaceuticals, are each expected to generate more than $2 billion a year in sales by 2020, according to...

  • DUBAI, United Arab Emirates— A large fire broke out Sunday in the basement of a sprawling residential complex in Saudi Arabia's oil-rich east, killing at least seven people and injuring more than 200, civil defense officials in the kingdom said. The Interior Ministry's General Directorate of Civil Defense said the casualties involved victims of various...

  • BRASILIA, Aug 30- President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday. The Folha de S.Paulo and Estado de S.Paulo newspapers, citing presidential aides, said Rousseff abandoned...

  • BEIJING, Aug 30- China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. Li said international market instability "has increased the uncertainties around the global economic recovery, and the impact on China's financial market and imports and...

  • *Estimated HK $1.57 tln a year channelled through Macau. HONG KONG, Aug 30- Just days after authorities raided five pawn shops in the Chinese territory Macau, many of the neon-lit stores in the world's biggest gambling hub are still letting punters make fake purchases to skirt rules on how much cash they can take out of China. The transaction, which took less than 10...

  • SAN JUAN, Aug 29- Puerto Rico will delay until Sept. 8 the completion of its fiscal reform plan, the commonwealth's government said on Saturday, citing time spent on contingency disaster planning by the government in the run-up to Tropical Storm Erika. A working group appointed by Puerto Rico Gov. Tropical Storm Erika hit the eastern portion of Puerto Rico early on...

  • LOS ANGELES— A few inches above the floor, a man is suspended from a swing-like apparatus pretending he's flying over a mountain. At the third annual VRLA, a gathering of VR creators and enthusiasts in Southern California, the immersive technology transported more than 2,000 attendees beyond the walls of the Los Angeles Convention Center to other countries,...

  • *China crash most closely matches Japan's in early 90 s. *China more active, Japan response too little, too late. The abrupt end of Japan's boom in the 1990 s, complete with stock crash and property bust, offers the most striking similarities, and the most valuable lessons.

  • *Japanese in China worried about anti- Japan sentiment. BEIJING, Aug 30- Beijing is battening down the hatches and cranking up the propaganda ahead of a massive military parade this week to mark the end of World War Two, shooing cars from streets and shutting factories for the Communist Party's biggest event of the year. Some 12,000 soldiers will march through...

  • CAMPOS DO JORDÃO, Brazil, Aug 29- Finance Minister Joaquim said on Saturday he now favors reviving an old tax on financial transactions to cope with Brazil's fiscal crunch in a slumping economy, and warned that without new taxation the country could face a crisis like Greece's. Many economists believe Brazil will not see signs of a recovery until well into 2016..

  • *Fed, BoE sound confident notes in face of China fears. JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The cautious confidence from...

  • Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment. A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 percent of the Houston...

  • JACKSON HOLE, Wyo., Aug 29- Bank of England Governor Mark Carney said on Saturday that a slowdown in China's economy could push down further on inflation but it did not change, for now, the central bank's position on when and how it might increase interest rates. Their evolution needs to be monitored, not taken for granted, "he said, before adding the direct exposure of...

  • ATHENS, Aug 29- Former Greek premier Alexis Tsipras urged supporters on Saturday to give him a fresh mandate to complete the country's political transformation, as polls showed his leftist Syriza party's lead slipping ahead of elections next month. Tsipras abruptly resigned last week, days after clinching an 86 billion-euro bailout package from Greece's...

  • JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday. The influential U.S. central banker was circumspect whether he would prefer to raise rates from near zero at a much-anticipated policy...

  • Resident Jack Fotheringham and his business partners have been trying to open a Subway sandwich shop since 2006, all while fighting with the town over a law passed that same year barring chain restaurants. Fotheringham believes the 2006 ordinance was written specifically to keep the Subway from opening. Springdale Mayor Stan Smith said the ordinance was...

  • WASHINGTON— Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely begun to fade. Investors have been trying to determine whether the Fed might still be on course to raise interest rates after its Sept. 16-17...

  • Michelin is recalling around 104,000 BF Goodrich tires used for light trucks and recreational vehicles because the sidewalls can rupture under severe use conditions. The tire maker says no injuries or deaths have been tied to the problem. Michelin North America Inc. says the recall involves several types of commercial and rugged terrain tires made in 2014...

  • Harvesting machinery is expensive, and there is no plant in Oregon to process the plants into fiber, seed and oil. This is the first year Oregon farmers can grow hemp, following the Legislature's approval in 2009. Growing hemp without a federal permit was banned in 1970 due to its classification as a controlled substance and relation to marijuana.

  • GEORGIA, Vt.— The two cottages on the shore of Lake Champlain will someday be passed down to her children but Enid Letourneau worries the algae that turns the shoreline pea-soup green each August means they won't amount to much of an inheritance. The algae, which can be toxic to humans and dogs, prompted the town of Georgia to reduce the property values $50,000 each...