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Tuesday, September 23, 2014

Business Today: Tekmira Pharma, AbbVie among premarket actives

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09/23/2014
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Tekmira Pharma, AbbVie among premarket actives
NEW YORK (Reuters) - U.S.-listed shares of Tekmira Pharmaceuticals were climbing on Tuesday, up 8.9 percent at $25.70 as one of the most actively trades Nasdaq stocks as its Ebola drug will be one of several to be tested in West Africa in a bid to win fast-track trials.
Euro zone growth slows as Chinese factories trundle on
LONDON/BEIJING (Reuters) - Euro zone business growth dipped to a 2014 low in September as firms again cut prices, while factory activity in China picked up only slightly, surveys showed, keeping the spotlight on policymakers' plans for economic stimulus.
Argentina's Fernandez meets billionaire investor Soros in New York
BUENOS AIRES (Reuters) - Argentine President Cristina Fernandez met on Monday with Argentina bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest default.
Alibaba's Jack Ma rises to top of China rich list as tech tycoons gain
BEIJING (Reuters) - Jack Ma, executive chairman of Alibaba Group Holding Ltd , has become China's richest man with a fortune estimated at $25 billion, underscoring the ascension of tech tycoons over real estate peers in the world's second biggest economy.
AstraZeneca, Shire dive as U.S. tax move punctures deal hopes
LONDON (Reuters) - Shares in drugmakers AstraZeneca and Shire fell sharply on Tuesday after the U.S. Treasury took steps to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad.
Breaking with tradition, Philips splits off lighting
AMSTERDAM (Reuters) - Philips , the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.
Barclays fined $62 million for client fund failings
LONDON (Reuters) - British bank Barclays was fined 38 million pounds ($62 million) on Tuesday for exposing customers to unnecessary risks by failing to ensure client assets were properly safeguarded and adequate records kept.
GM's Cadillac brand to open headquarters in New York
DETROIT (Reuters) - General Motors Co said on Tuesday its Cadillac brand will open a headquarters in New York next year in a move to remake the luxury marque's image and broaden its appeal outside North America.
Shoe maker Jimmy Choo to step out on London market
PARIS/LONDON (Reuters) - Jimmy Choo set out plans on Tuesday to join the London Stock Exchange next month in a deal that could value the upmarket shoe maker at more than 700 million pounds ($1.2 billion), seeking to woo investors with the prospect of expansion in Asia.
IKEA's next style revolution: itself
ALMHULT Sweden (Reuters) - Having redesigned kitchens, bathrooms and sitting rooms around the world, IKEA has decided to redesign itself.
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