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Movers roundup: Mead Johnson, Children's Place
Movers roundup: Mead Johnson, Children's Place
Among the stock activity stories for Monday, Feb. 25, from AP Business News: — Shares of Mead Johnson Nutrition Co. fell after the maker of infant formula disclosed that a new regulation in Hong Kong could affect the company's sales there as well as in mainland China. — A Janney Capital Markets

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News Summary: Trial begins for 2010 Gulf oil spill
News Summary: Trial begins for 2010 Gulf oil spill
BP BLAME: The trial to determine how much more BP and others should pay for the nation's worst offshore oil spill began Monday with the federal government saying the oil giant was mostly to blame for the disaster. JUDGMENT DAY: Eleven workers died when the rig exploded April 20, 2010, and millions o

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FDA expands approval of Bayer cancer drug
FDA expands approval of Bayer cancer drug
The Food and Drug Administration on Monday expanded approval of a Bayer cancer pill to treat tumors of the intestinal tract that don't respond to other treatments. The drug is called Stivarga and regulators approved it to treat gastrointestinal stromal tumors that cannot be surgically removed and n

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Dubai officials block Bahrain-based AP journalist
Dubai officials block Bahrain-based AP journalist
Two Bahrain-based journalists, including a reporter for The Associated Press, were blocked from entering the United Arab Emirates on Monday under apparent new restrictions by Gulf Arab states. Reem Khalifa and her husband, Mansoor al-Jamri, chief editor for Bahrain's independent Al Wasat newspaper,

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News Summary: Kuroda seen heading Bank of Japan
News Summary: Kuroda seen heading Bank of Japan
REPORTEDLY KURODA: Prime Minister Shinzo Abe is reportedly preparing to nominate Asian Development Bank President Haruhiko Kuroda to head Japan's central bank. BANK CRITIC: Kuroda has been critical of the central bank's policies in the past and is thought to back Abe's strategies for seeking to revi

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Cabot Oil shares briefly hit all-time high
Cabot Oil shares briefly hit all-time high
Shares of Cabot Oil & Gas Corp. briefly rose to an all-time high on Monday as analysts said the drilling company continues to deliver on its strong growth prospects. THE SPARK: Analysts with Jefferies & Co. and Baird Equity Research raised price targets for the stock after assessing Cabot's fourth-

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ITT Education shares hit on news of SEC probe
ITT Education shares hit on news of SEC probe
Shares of ITT Educational Services Inc. tumbled on Monday after the for-profit education provider said it was being investigated by federal securities regulators who subpoenaed documents related to private loans to students. THE SPARK: The Securities and Exchange Commission investigation was disclos

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News Summary: Royalty Pharma offers to buy Elan
News Summary: Royalty Pharma offers to buy Elan
THE OFFER: Royalty Pharma wants to buy Elan Corp. PLC for about $6.5 billion. It said it made the $11-per-share offer for the Irish drugmaker earlier this month. THE CONFLICT: Privately held Royalty Pharma said Monday that Elan hadn't formally responded to its proposal and that it's been unsuccessfu

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Euro falls against dollar on Italy election
Euro falls against dollar on Italy election
The euro fell against the dollar Monday as investors await the outcome of the Italian general election. Early results show that the race is very close, raising the possibility of new elections. That could derail efforts to resolve Italy's fiscal problems. The euro fell to $1.3121 late Monday from $

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J&J taking $100M charge for Venezuela devaluation
J&J taking $100M charge for Venezuela devaluation
Health care giant Johnson & Johnson said Monday that it expects to take a charge of about $100 million to its first-quarter net income due to Venezuela's currency devaluation. Johnson & Johnson, the world's biggest seller of health care products, said the decision is based on its preliminary assess

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Dendreon shares rise 4Q Provenge sales increase
Dendreon shares rise 4Q Provenge sales increase
Shares of Dendreon Corp. moved higher Monday after the company said sales of its prostate cancer therapy Provenge continued to grow in the fourth quarter. Provenge sales totaled $81.6 million, excluding special items. That's an improvement of 5 percent from the third quarter, and up 51 percent from

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Shares of Affymax plunge on recall news
Shares of Affymax plunge on recall news
Shares of Affymax Inc. plunged 85 percent Monday after severe allergic reactions and the deaths of some kidney dialysis patients prompted the recall of its anemia drug. THE SPARK: Affymax and its partner, Takeda Pharmaceutical Co., said Saturday that 0.2 percent of the patients who have received Om

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US troops in Niger to set up drone base
US troops in Niger to set up drone base
President Barack Obama said Friday that about 100 American troops have been deployed to the African nation of Niger. Two U.S. defense officials said the troops would be setting up a base for unarmed drones to conduct surveillance. Obama announced the deployment in a letter to Congress, saying that

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Lab asks government to investigate Toyota Prius
Lab asks government to investigate Toyota Prius
Auto safety regulators in the U.S. are deciding if they will investigate a complaint that the steering can fail on the Toyota Prius. An automotive testing laboratory in Virginia asked for the investigation on Jan. 30, after it evaluated a 2005 Prius owned by a client, the National Highway Traffic S

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News Summary: US, Myanmar 'crony' raise eyebrows
News Summary: US, Myanmar 'crony' raise eyebrows
AKWARD HANDSHAKE: A photo op between the U.S. assistant secretary of state and a blacklisted Myanmar businessman highlights the uncertain path the U.S. is forging as it tries to encourage new business ties with a country it has long censured. SLOW AND STEADY: Unlike the European Union and Australia,

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Avid shares drop as tech firm postpones earnings
Avid shares drop as tech firm postpones earnings
Shares of Avid Technology Inc. tumbled after the company said it was indefinitely postponing a quarterly earnings announcement while it evaluates its accounting. THE SPARK: Avid Technology had been scheduled to release fourth-quarter earnings on Tuesday and hold a conference call for investors. The

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Tunisia Islamist party chooses new prime minister
Tunisia Islamist party chooses new prime minister
Tunisia's ruling Islamist party named an interior minister seen as a conservative loyalist to form a new government Friday, in a signal the party is unlikely to back down to opposition demands to try to smooth over the country's political crisis. Ali Larayedh, accused of failing to stem violence by

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GOP House panel chairman will consider gun bills
GOP House panel chairman will consider gun bills
The Republican chairman of the House Judiciary Committee said Friday that he's interested in writing legislation this year improving background checks for gun buyers and cracking down on illegal firearms sales. In an interview, Rep. Bob Goodlatte, R-Va., provided little detail about his plans. But

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Ex-gov, hedge fund target Mont. mining company
Ex-gov, hedge fund target Mont. mining company
A former Montana governor considered a dark horse candidate for the 2016 Democratic presidential nomination has joined a hedge fund's attempt to take control of the state's largest publicly-owned mining company. Less than two months out of office, Democrat Brian Schweitzer said he's intervening to

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Government starts to sell remaining stake in GM
Government starts to sell remaining stake in GM
The U.S. government has started selling its remaining General Motors stock as it moves to end four years of partial ownership of the Detroit automaker. The Treasury Department said in its January report to Congress that it sold $156.4 million worth of GM common stock last month. The report, dated F

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