Lundbeck’s Brintellix Is More Effective in Higher Dose in Study
H. Lundbeck A/S (LUN), Denmark’s second-largest drugmaker, said its experimental antidepressant Brintellix improved symptoms better in a higher dose in a late-stage U.S. study, as the medicine awaits regulatory approval.... Read more »
N.Z. House Prices Put Pressure on RBNZ to Tighten, English Says
New Zealand’s rising house prices will increase the pressure on the central bank to raise interest rates, Finance Minister Bill English said. “These households heading into quite high debt to... Read more »
AIG Judge Asks If U.S. Scared Board From Starr Lawsuit
A federal judge expressed “concern” that the U.S. scared off American International Group Inc. (AIG) from joining a lawsuit by Maurice “Hank” Greenberg, its former chairman, challenging the insurer’s 2008... Read more »
Yahoo’s Mayer Said to Be Preparing Updates for Flickr Photo Site
Yahoo! Inc. (YHOO) Chief Executive Officer Marissa Mayer will unveil updates to the company’s Flickr photo-sharing site at a press event in New York scheduled for May 20, according to... Read more »
European Stocks Post Fourth Weekly Gain on Results, U.K.
European stocks rose for a fourth week as earnings from Cie. Financiere Richemont SA to ICAP (IAP) Plc beat analyst estimates and the Bank of England lifted its growth forecast... Read more »
Asian Stocks Rise This Week as Nikkei 225 Breaks 15,000 on Yen
Asian stocks rose, with the regional benchmark index advancing for a second week, as Japan’s Nikkei 225 Stock Average closed above 15,000 for the first time since 2007 after the... Read more »
Mexico’s Grupo Hevi Said to Hire Barclays to Explore Sale
Grupo Hevi, the closely held owner of Mexico’s Telecable TV service, has hired Barclays Plc (BARC) to explore a sale, according to people familiar with the matter. Among the potential... Read more »
Colorado Sheriffs Sue Over State’s New Gun Control Laws
Sheriffs of 54 Colorado counties sued Governor John Hickenlooper, challenging recently enacted state laws that ban ammunition magazines holding more than 15 rounds and require background checks for gun sales... Read more »
IRS Probe Sheds Light on Nonprofit Election-Year Surge
Patriot Majority USA, a social welfare nonprofit, told the Internal Revenue Service that its mission is “to encourage a discussion of economic issues.” In exchange for keeping its donors private... Read more »
Fuel Oil Rally to End With Europe Swamping Asia: Energy Markets
The premium traders in Asia are paying for the earliest deliveries of fuel oil is poised to slide from an eight-month high as Europe floods the region with excess supplies... Read more »