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Wires

  • LONDON— Latvia's state broadcaster says the national anti-corruption agency has raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. Latvia is a member of the European Union and uses the euro as its currency. As the head of the central bank, Rimsevics is on the European Central Bank's council of monetary policy...

  • WILMINGTON, Del., Feb 17- Takata Corp's U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs' law firm said on Saturday, clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured by the company's deadly air bags. Takata and its U.S. unit, TK Holdings Inc, filed for bankruptcy last year in the wake of the...

  • Feb 17- A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck& Co Inc.. District Judge Leonard Stark in Wilmington, Delaware, on Friday ruled Merck's patent was invalid. The December 2016 verdict followed a...

  • LONDON— Newcomer Simone Rocha and veteran Jasper Conran are among the designers showcasing their latest autumn and winter styles at London Fashion Week, as British luxury fashion powerhouse Burberry prepared to round out a busy Day 2 with its show later Saturday. Dainty lace, ruffles, pretty bows: Simone Rocha's latest collection may include every girly...

  • NEW DELHI/ MUMBAI, Feb 17- India's federal police detained two employees of Punjab National Bank, the state-run lender that says it has been the victim of a $1.77 billion fraud, in the first arrests in a fast-widening probe into the country's biggest-ever bank scam. India's Income Tax department warned in an internal note seen by Reuters that domestic banks could...

  • NEW DELHI, Feb 17- Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimated. As of March 2017, banks had extended loans and guarantees worth 176.32 billion rupees to companies tied to...

  • NEW YORK— This month's sell-off for stocks marked the first big test of investors' mettle in years. At Fidelity's retail brokerage, for example, customers continued to put in more buy orders than sell orders after the S&P 500 began falling from its peak set on Jan. 26. "Millennials and Gen Xers are definitely taking advantage of these prices and taking advantage of...

  • NEW YORK— The Weinstein Co. thought it had found a path to survival. Unmoved, New York Attorney General Eric Schneiderman threw a wrench in the deal, filing a lawsuit against the company partly out of concern that executives who failed to protect Harvey Weinstein's accusers would continue to run the operation. You need to disrupt the disease within the culture...

  • Feb 17- A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck& Co Inc.. District Judge Leonard Stark in Wilmington, Delaware, on Friday ruled Merck's patent was invalid. The December 2016 verdict followed a...

  • ATLANTIC CITY, N.J.— Ten years ago, Atlantic City's Tropicana casino was on the verge of death, having been stripped of its casino license after its then-owners laid off vast swaths of the workforce, leading to filthy rooms, insect infestations, hourlong waits for slot machine payouts and food and drink orders that often never arrived. "It's an incredible...

  • NEW DELHI— Canadian Prime Minister Justin Trudeau arrived in India on Saturday for a weeklong visit aimed at enhancing business ties between the two countries. "Wheels up for India and a busy visit, focused on creating good jobs and strengthening the deep connection between the people of our two countries," Trudeau tweeted on Friday before leaving for New Delhi...

  • MUNICH— British Prime Minister Theresa May urged her country's European Union partners on Saturday not to let "rigid institutional restrictions" get in the way of a wide-ranging post-Brexit security alliance, warning that there would be "damaging real-world consequences" if none can be agreed. But it has been unclear what legal framework would underpin such a...

  • FDA approves Imfinzi for stage III lung cancer. LONDON, Feb 17- AstraZeneca's immunotherapy drug Imfinzi has won crucial approval from U.S. regulators for use in lung cancer, opening up a multibillion-dollar market for a medicine that has so far lagged behind competitors. The U.S. Food and Drug Administration said late on Friday it granted approval for expanded...

  • NEW DELHI— India and Iran said Saturday that they would step up cooperation in combatting extremism, terrorism and drug trafficking in Afghanistan in an effort to restore peace and stability to the war-wracked country. Rouhani said Iran and India "are prepared for joint ventures in gas and petroleum sectors." He said Afghanistan must be "a vivacious and secure...

  • WASHINGTON, Feb 16- The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday. China's Commerce Ministry responded by saying the report was "...

  • The indictment said the Russians' conspiracy aimed, in part, to help Republican Donald Trump and harm the prospects of his Democratic opponent, Hillary Clinton. The alleged scheme was run by the Internet Research Agency, a troll farm based in St. Petersburg, Russia, which used bogus social media postings and advertisements fraudulently purchased in the name of...

  • WASHINGTON, Feb 16- The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday. China's Commerce Ministry responded by saying the report was "...

  • BEIJING, Feb 17- China's Commerce Ministry said on Saturday the country will take necessary steps to protect itself if a final U.S. decision on imposing steep curbs on steel and aluminium imports from China and other countries affects China's interests.

  • DECISION AFFECTS CHINA'S INTERESTS, CHINA WILL TAKE NECESSARY STEPS TO PROTECT ITS INTERESTS.