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Wires

  • Feb 23- KemPharm Inc said on Friday the U.S. Food and Drug Administration approved its opioid painkiller Apadaz for the short-term management of acute pain. The FDA had said intranasal abuse of the opioid-based product was a relevant concern. KemPharm said the Drug Enforcement Administration intends to schedule Apadaz as a C-II product.

  • Feb 23- Some of the biggest names in corporate America are coming under mounting pressure to cut ties with the National Rifle Association as gun safety activists on Friday intensified calls for a boycott in the wake of last week's Florida high school massacre. Moms Demand Action for Gun Sense in America, founded after the December 2012 school shooting in...

  • UNITED NATIONS, Feb 23- The United States proposed a list of entities on Friday to be blacklisted under United Nations sanctions on North Korea, a move it says is "aimed at shutting down North Korea's illicit maritime smuggling activities to obtain oil and sell coal." "We are ramping up the pressure on the North Korean regime, and we're going to use every tool at our...

  • NEW YORK, Feb 23- Oil prices rose on Friday, supported by a dip in Libyan production and upbeat comments from Saudi Arabia that an OPEC- led effort to cut stockpiles is working. Production in the OPEC- member has been running at about 1 million bpd, although it remains volatile due to unrest. "Libya is another outage," said John Kilduff, partner at investment manager Again...

  • MADISON, Wis. _ MGE Energy Inc. on Friday reported fourth-quarter profit of $36.1 million. On a per-share basis, the Madison, Wisconsin- based company said it had profit of $1.04. For the year, the company reported profit of $97.6 million, or $2.82 per share.

  • Interior Secretary Ryan Zinke appears to have violated a conflict of interest law by meeting with executives of a Montana firearms company in which he holds stock. The Campaign Legal Center on Friday asked the Interior Department's Inspector General to investigate Zinke's actions in relation to PROOF Research, which is based in Columbia Falls.

  • LIST OF SANCTIONS DESIGNATION PROPOSALS' AIMED AT SHUTTING DOWN N.KOREA' S ILLICIT MARITIME SMUGGLING ACTIVITIES TO OBTAIN OIL, SELL COAL'.

  • *Bollywood star Priyanka Chopra cuts ties with Nirav Modi's brand Phartiyal. MUMBAI, Feb 23- India's central bank has told lenders to link their internal software with the SWIFT interbank messaging system by the end of April, and to alter a range of other protocols with immediate effect, as fallout from an alleged $1.77 billion fraud at Punjab National Bank...

  • Drillers added one oil rig in the week to Feb. 23, bringing the total count up to 799, the highest level since April 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. That compares with averages of $50.85 in 2017 and $43.47 in 2016.. About $500 million of that will be spend on pipelines through Alpine High.

  • MADISON, Maine— A Maine farmer who says his pregnant cow was shot and killed near a snowmobile route on his property will no longer let the public ride on the trail. The Morning Sentinel reports that Clayton Tibbetts had permitted a local snowmobile club to maintain a route through his farm in Madison until the cow was found dead last week. Information from: Morning...

  • BERLIN, Feb 23- Volkswagen said profitability could take a hit this year as the carmaker invests billions of euros in electric vehicles and launches a raft of new models. Europe's largest automotive group, which reported record 2017 earnings on Friday, said it expected a return on sales for 2018 of between 6.5 and 7.5 percent before special items, after reaching...

  • FRANKFURT, Feb 23- German carmaker BMW said on Friday it would recall 11,700 cars to fix their engine management software after it discovered that the wrong programming had been installed on its luxury 5- and 7- Series models. "In the course of internal tests, the BMW Group has discovered that a correctly developed software update was mistakenly assigned to...

  • WINSTON-SALEM, N.C.— The Latest on the BB&T service outage:. BB&T is restoring some of the services it lost after what it calls an equipment malfunction. Millions of BB&T customers were unable to access their accounts after a service outage which the bank blames on an equipment malfunction.

  • Feb 23- A federal judge on Friday refused to overturn former drug company executive Martin Shkreli's conviction of scheming to manipulate his company's stock price. District Judge Kiyo Matsumoto said at a court hearing in Brooklyn that there was enough evidence to support a jury's verdict last August that Shkreli tried to prop up the price of shares in...

  • *Blue Buffalo soars after General Mills' $8 bln buyout. Feb 23- Wall Street's main indexes rose on Friday, with gains in technology stocks helping claw back some of the week's losses, after the Federal Reserve calmed investors' nerves by saying interest rate hikes would continue as planned this year. Investors are expecting the Fed to raise rates three times this...

  • Democrats on the U.S. Senate Committee on Homeland Security and Governmental Affairs said in a statement that the nine-page proposal made by Tribute Contracting appeared largely to have been plagiarized from several sources readily available on the internet. Federal Emergency Management Agencys contract with Tribute, which the agency known as FEMA...

  • *Supreme Court deadlocked 4-4 in similar case in 2016. WASHINGTON, Feb 23- The U.S. Supreme Court on Monday will consider for the second time in two years whether to choke off a critical funding stream for public-employee unions, potentially reducing organized labor's influence in the workplace and at the ballot box. Republican President Donald Trump's...

  • OSLO, Feb 23- Norway plans to spend 100 million Norwegian crowns to upgrade a doomsday seed vault on an Arctic island built 10 years ago to protect the world's food supplies, the government said on Friday. The revamp would cover "construction of a new, concrete-built access tunnel, as well as a service building to house emergency power and refrigerating units and...

  • FRANKFURT, Feb 23- Li Shufu, the chairman and main owner of Chinese carmaker Geely, has built a stake of 9.69 percent in Daimler AG, the German carmaker said in a regulatory filing on Friday. The stake, worth nearly $9 billion at the current valuation for Daimler shares, makes Li the biggest single shareholder in the maker of Mercedes Benz cars, trucks and vans...

  • The federal government says "Pharma Bro" Martin Shkreli is on the hook for more than $7 million for his securities fraud conviction. Prosecutors say he should forfeit $7.3 million in assets that include a one-of-a-kind Wu-Tang Clan "Once Upon a Time in Shaolin" album that he has boasted he bought for $2 million. "Pharma Bro" Martin Shkreli is due back in court for a...