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American Capital 4Q net income tumbles
American Capital 4Q net income tumbles
Private equity firm and asset manager American Capital Ltd. said Monday its fourth-quarter net income dropped 79 percent, but its adjusted profit narrowly beat Wall Street predictions. American Capital earned $123 million, or 38 cents per share, for the last three months of 2012, down from $594 mil

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Perrigo will buy UK's Rosemont Pharma for $283M
Perrigo will buy UK's Rosemont Pharma for $283M
Perrigo Co., which makes over-the-counter drugs, said Monday it will expand its U.K. business by buying Rosemont Pharmaceuticals Ltd. for about $283 million in cash. Allegan said the deal will give it more liquid drugs and bolster its net income in 2013. The Allegan, Mich., company said Rosemont ha

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Diamond Foods shares gain on BlackRock disclosure
Diamond Foods shares gain on BlackRock disclosure
Shares of Diamond Foods Inc. rose Monday after investment firm BlackRock disclosed that it purchased a stake in the maker of Emerald nuts, Pop Secret popcorn and Kettle chips. THE SPARK: BlackRock said in a filing with the Securities and Exchange Commission on Friday that it purchased a 7.85 percen

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Citi upgrades Buckeye Partners to 'Neutral'
Citi upgrades Buckeye Partners to 'Neutral'
A Citi analyst on Monday upgraded Buckeye Partners LP to "Neutral" from "Sell," pointing to the pipeline company's strong operational performance over the past two quarters. THE OPINION: John Tysseland, who also raised his price target for the company's units by $6 to $55, said the partnership also

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News Summary: Regulators want more on Novo drugs
News Summary: Regulators want more on Novo drugs
ANOTHER STUDY: Danish drugmaker Novo Nordisk said that U.S. regulators need to see data from a new study that evaluates cardiovascular health before they can finish reviewing the diabetes treatments Tresiba and Ryzodeg for approval. THE CONSEQUENCE: Novo Nordisk submitted the drugs for U.S. approval

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Celgene's Revlimid receives approval in China
Celgene's Revlimid receives approval in China
Celgene Corp. said its bone marrow cancer treatment Revlimid has received approval from China's State Food and Drug Administration. The Summit, N.J., drug developer said Monday that Chinese regulators approved its top-selling drug for use in combination with the chemotherapy dexamethasone to treat

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Regeneron says Sanofi plans to buy more stock
Regeneron says Sanofi plans to buy more stock
Regeneron Pharmaceuticals Inc. said Monday that the French drugmaker Sanofi, its partner on a recently approved cancer drug, intends to buy more shares of Regeneron stock. The Tarrytown, N.Y., company said it received a notice about the planned transaction from the Federal Trade Commission. The not

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Icahn Enterprises boosts annual dividend
Icahn Enterprises boosts annual dividend
Billionaire investor Carl Icahn's Icahn Enterprises is more than doubling its annual dividend to $4 per depositary unit. Depositary unit holders will have the choice of having the distribution paid in either cash or additional depositary units. The company's prior annual dividend was $1.40, compris

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News Summary: Dell tries to reassure holders
News Summary: Dell tries to reassure holders
CALMING NERVES: Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal and felt the bid is in the best interest of stockholders. BACKGROUND: Dell's filing comes

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Hundreds toil for months for Rio's Carnival parade
Hundreds toil for months for Rio's Carnival parade
There's nothing glamorous about the industrial warehouse reverberating with the zap of soldering metal, the clatter of hammers and an earsplitting whine of a circular saw, or in the sweat-drenched workers toiling in the midafternoon summer heat among huge bolts of cloth and heavy-duty sewing machin

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Axis shareholder to sell rest of stake in offering
Axis shareholder to sell rest of stake in offering
Axis Capital Holdings Ltd. said Monday that one of its major shareholders will sell its remaining 2.7 million-share stake in the insurer in an underwritten secondary public offering. The shares are being sold by Trident II LP and related entities for an undisclosed price. After taking into account

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Ahead of the Bell: Fossil downgraded
Ahead of the Bell: Fossil downgraded
A Benchmark analyst on Monday downgraded Fossil Inc., saying he's less optimistic about the watch and accessories maker's sales growth this year. Ronald Bookbinder cut Fossil to "Hold" from "Buy" and cut his 2013 earnings prediction to $6.13 per share from $6.24 per share. Bookbinder had been predi

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Mexico: 'Several' detained in tourist rape case
Mexico: 'Several' detained in tourist rape case
Mexican authorities announced Sunday that several people had been detained for investigation in connection with last week's rape of six Spanish tourists in Acapulco, a crime that further blemished the reputation of this troubled Pacific resort. Guerrero state officials declined to say how many susp

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Israeli troops detain AP photographer
Israeli troops detain AP photographer
Israeli troops detained an Associated Press photographer during West Bank unrest over the weekend, handcuffing him and forcing him to sit on the ground without food or water or access to a bathroom for roughly five hours, according to eyewitness accounts. The photographer, Nasser Shiyoukhi, was rel

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Venezuela Indians release soldiers held captive
Venezuela Indians release soldiers held captive
A representative of Venezuela's Pemon Indians said Sunday that men in a remote village released several dozen soldiers they had been holding captive. Levi Gonzalez said he had spoken with Pemon men in the village of Uriman, where members of the community decided to free the soldiers after governmen

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Loews loses money in 4Q partly due to Sandy
Loews loses money in 4Q partly due to Sandy
The diversified holding company Loews lost $32 million in its fourth quarter, hurt by insurance losses due to Superstorm Sandy and declining natural gas prices. The company controlled by the Tisch family of New York reported Monday that its loss amounted to 8 cents per share, for the three months e

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Earnings Preview: Cisco to report 2Q earnings
Earnings Preview: Cisco to report 2Q earnings
Cisco Systems Inc. is set to report financial results after the market closes on Wednesday, for a quarter marked by renewed investor confidence. WHAT TO WATCH FOR: Cisco, the world's largest maker of computer networking equipment, is sensitive to economic trends, and started warning in April that g

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Iran releases Slovak arrested for spying
Iran releases Slovak arrested for spying
A Slovak national arrested in Iran and accused of spying for the United States has been released and returned home. Iranian authorities claimed in January that 26-year-old Matej Valuch was involved in Central Intelligence Agency activities in Iran. Foreign Minister Miroslav Lajcak said Friday that

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Chinese world worries that Year of Snake may bite
Chinese world worries that Year of Snake may bite
As Indiana Jones might say: Why did it have to be the Year of the Snake? When the Chinese-speaking world ushers in its new year on Sunday, its 12-year zodiac will turn from the dragon to one of the world's most despised animals. As undeserved as the snake's reputation might be, its last two years d

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China jails 1, detains 70 to quell Tibet protests
China jails 1, detains 70 to quell Tibet protests
A Chinese court sentenced a Tibetan man to 13 years in prison Friday for goading a monk to self-immolate, as Beijing steps up a crackdown on self-immolations aimed at protesting communist rule. The sentence by a court in the northwestern province of Qinghai follows a news report that the Chinese go

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