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  • Royalty Pharma takeover bid fails to find Elan ecceptance Royalty Pharma takeover bid fails to find Elan ecceptance

    DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...

  • Chidambaram says U.S. Federal Reserves statement misunderstood calls for calm

    Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...

  • Private consumption helps Germany to meager growth in Q1

    Berlin (Reuters) - Private consumption helped Germany eke out meager economic growth of 0.1 in the first quarter of the year, compensating for declines in exports and investment in Europe's largest economy, data showed on ...

  • Aust bonds weaker

    AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr ...

  • Aust bonds weaker

    AUSTRALIAN bond futures prices are lower as traders weigh falls on equity markets against the possibility the US Federal Reserve will begin to wind back its asset-buying program. UBS interest rate strategist Matthew Johnson said bond futures prices had been weighed down by Fed chairman Ben Bernanke's testimony before Congress on Thursday morning (Australian time). In his testimony Dr ...


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Movie Review

The Return of the Living Dead [Blu-Ray]

The Return of the Living Dead [Blu-Ray]

Dan OBannons Return of the Living Dead is a gleefully irreverent, semi-successful faux sequel to George A. Romeros seminal Night of the Living Dead (1968), which single-handedly invented the modern zombie film and helped reinvigorate the horror genre ... ...

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  • Europe Factors to Watch-Shares set to bounce after sell-off

    PARIS, May 24 (Reuters) - European stocks are set to bounce back on Friday as bargain hunters move in following the market's biggest one-day drop in nearly a year, betting that the sharp five-week rally fuelled by central bank liquidity will soon resume. At 0628 GMT, futures for Euro STOXX 50, for UK's FTSE 100, for Germany's DAX and for France's CAC were up 0.1-0.4 ...

  • Mbishi Motors proposes capital change reverse stock split

    TOKYO | Fri May 24, 2013 2:27am EDT TOKYO May 24 (Reuters) - Mitsubishi Motors Corp said it is seeking shareholder approval of a capital reorganisation - a change in accounting that would clear accumulated losses of 924.6 billion yen ($9.1 billion) by reducing capital stock by an equivalent amount. In a statement on Friday, Japan's 7th-largest car maker by sales volume also said ...

  • Toshiba KKR to bid for Panasonic healthcare unit-sources

    TOKYO | Fri May 24, 2013 2:22am EDT TOKYO May 24 (Reuters) - Toshiba Corp and U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) are among those expected to bid for Panasonic Corp's healthcare business, financial sources with knowledge of the matter said. Panasonic is looking to raise as much as $1 billion by selling shares in the healthcare unit, whose products include ...

  • UK Stocks-Factors to watch on Friday May 24

    Fri May 24, 2013 2:21am ...

  • UPDATE 1-Russias top social network blacklisted by regulator

    Fri May 24, 2013 2:20am EDT * Top online social network put on black list * Network has been used to organise anti-Putin rallies MOSCOW May 24 (Reuters) - Russia's top online social network was banned on Friday from distributing content across the country, raising concerns of a clampdown on a forum used by President Vladimir Putin's opponents to organise protests. The ban on VKontakte ...

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