BioMarin to Pay Up to $840 Million for Prosensa

Wall Street Journal: US Business - 1 hour 46 min ago
BioMarin Pharmaceutical said it agreed to acquire Prosensa Holding NV, a bet that regulators will approve Prosensa’s lead product candidate for a rare form of muscular dystrophy.

Chuck Hagel to Step Down as Defense Secretary

Wall Street Journal: US News - 1 hour 50 min ago
Defense Secretary Chuck Hagel will step down from his position, defense and administration officials said.

Amgen Ends Trials of Stomach-Cancer Therapy

Wall Street Journal: US Business - 1 hour 53 min ago
Amgen said it ended clinical studies of a treatment for advanced stomach cancer based on safety concerns.

Wal-Mart Adds Former American Airlines CEO Horton to Board

Wall Street Journal: US Business - 1 hour 57 min ago
Wal-Mart Stores Inc. has added Tom Horton, the former chief executive of American Airlines, to the retailer’s board, bringing its size to 16 directors.

Saks Fifth Avenue Flagship Valued at $3.7 Billion For Loan

Wall Street Journal: US Business - 2 hours 8 min ago
Hudson’s Bay said Monday it took out a $1.25 billion mortgage on the ground floor of Saks’ flagship store in Manhattan and said the building has been appraised at $3.7 billion, well above what the Canadian company paid for all of Saks a year ago.

UTC CEO Abruptly Steps Down

Wall Street Journal: US Business - 2 hours 12 min ago
United Technologies disclosed the sudden retirement of Chief Executive Louis Chenevert and named Chief Financial Officer Gregory Hayes as his successor.

BT in Talks to Buy Telefónica U.K. Unit

Wall Street Journal: US Business - 2 hours 31 min ago
BT said it is in talks to buy Telefónica’s U.K. mobile business, 02, as the British telecom incumbent lays out its ambitions to be a fully fledged wireless operator in the U.K.’s converging telecom market.

Redbox Raising DVD Rental Price by 25%

Wall Street Journal: US Business - 2 hours 37 min ago
Redbox is raising its DVD rental price by 25%, in a move that could improve the company’s stagnant bottom line and help the Outerwall Inc. unit invest in new technology.

French Box Shipper Eyes Short-Sea Deal

Wall Street Journal: US Business - 2 hours 56 min ago
France’s CMA CAGM, the world’s third-biggest container-shipping operator by capacity, is in talks to buy a specialist German operator of short-distance cargo ships, a person familiar with the situation said.

German Business Mood Improves

Wall Street Journal: US Economy - 5 hours 53 min ago
German business sentiment unexpectedly increased in November, a closely watched survey showed, suggesting Europe’s largest economy is slowly finding its footing again.

Onex Buys Packaging Firm

Wall Street Journal: US Business - 7 hours 58 min ago
Canadian private-equity firm Onex Corporation said it would pay $4.64 billion to buy carton-packaging maker SIG Combibloc from Reynolds Group.

Slim Enters, Soros Exits in Spain

Wall Street Journal: US Business - 8 hours 1 min ago
Fomento de Construcciones y Contratas said that a firm controlled by Mexico’s Carlos Slim may take over a large stake in the debt-laden Spanish builder after earlier talks with billionaire George Soros broke down.

Loan 'Guarantee Chains' in China Prove Flimsy

Wall Street Journal: US Economy - Sun, 11/23/2014 - 19:25
As China’s economy slows, guarantee chains—in which companies pledge to back loans to other companies—are wreaking havoc.

Budweiser Ditches the Clydesdales for Jay-Z

Wall Street Journal: US Business - Sun, 11/23/2014 - 19:08
AB InBev plans to concentrate future Budweiser promotions exclusively on the 21- to 27-year-old age bracket, after years of developing advertising and marketing that appeals to all ages.

Drone Flights Face FAA Hit

Wall Street Journal: US News - Sun, 11/23/2014 - 19:02
A looming rule proposal would restrict commercial drone uses, require pilot license.

Drone Flights Face FAA Hit

Wall Street Journal: US Business - Sun, 11/23/2014 - 19:02
A looming rule proposal would restrict commercial drone uses, require pilot license.

New EU Stimulus Fund Hopes to Spark Investment

Wall Street Journal: US Economy - Sun, 11/23/2014 - 18:57
The EU is poised this week to announce a new fund that will use financial engineering in an effort to spark at least €300 billion euros of additional investment in the continent’s moribund economy.

Samsung Weighs Management Shake-Up

Wall Street Journal: US Business - Sun, 11/23/2014 - 18:56
Samsung Electronics is considering a leadership shake-up, including installing a new mobile chief, according to people familiar with the matter, to revive its fortunes after a difficult year.

When Is Free Speech Illegal?

Wall Street Journal: US Business - Sun, 11/23/2014 - 18:30
A case before the Supreme Court over threats made on Facebook is highlighting long-standing tension between law enforcement and free-speech advocates over when threatening speech breaks the law.

No Iran Deal Seen by Monday Deadline

Wall Street Journal: US News - Sun, 11/23/2014 - 18:19
The U.S. and other world powers said it will be virtually impossible to reach a comprehensive deal to curb Iran’s nuclear activities by the Monday night deadline.

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