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Monday, November 11, 2013

Business Today: Shire to pay $4.2 billion for rare disease firm ViroPharma

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11/11/2013
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Shire to pay $4.2 billion for rare disease firm ViroPharma
LONDON (Reuters) - London-listed Shire is buying ViroPharma for $4.2 billion, attracted by a pipeline of potentially lucrative drugs to treat rare diseases, a growing trend as drugs companies lose revenues from patent expires on conventional treatments.
Stock futures flat as market takes breather after rally
NEW YORK (Reuters) - U.S. stock index futures were little changed on Monday as the market was set to take a breather after the Dow and the S&P 500 rose for the fifth consecutive week.
Novartis sells blood transfusion test unit to Grifols for $1.7 billion
ZURICH/MADRID (Reuters) - Switzerland's Novartis has agreed to sell its blood transfusion testing unit to Spain's Grifols for $1.68 billion, in an increasingly buoyant market for healthcare deals.
Analysis: U.S. retailers tread tight path in shortened holiday race
NEW YORK (Reuters) - U.S. retailers have little room for error in the fast-approaching and shortened holiday shopping season, a period that typically generates 30 percent of annual sales.
Flybe plans to cut 500 more jobs after swinging to profit
(Reuters) - Flybe Group Plc , operator of Europe's largest regional airline, said on Monday it would cut another 500 jobs, mainly in the UK, after deep cost cuts helped it post its first half-year profit in two years.
Transocean reaches deal with Icahn to resolve proxy battle
(Reuters) - Transocean Ltd said it reached an agreement with Carl Icahn that would see the offshore driller paying out a dividend and reducing the number of board seats, in a move that resolves a months-long proxy battle.
Etihad in talks over potential Airbus jet order: sources
DUBAI/PARIS (Reuters) - Abu Dhabi's Etihad Airways is in talks to buy jets from Airbus even as it puts the finishing touches to a reported deal with rival Boeing , people familiar with the matter said.
BSkyB pays heavy price for Champions League loss
LONDON (Reuters) - BSkyB saw more than 1.5 billion pounds ($2.4 billion) wiped off its stock market value on Monday after Rupert Murdoch's dominant pay-TV operator admitted it had been out-muscled at its own game with the loss of Champions League soccer rights.
Violent Bangladesh garment pay clash shuts over 100 factories
DHAKA (Reuters) - Bangladeshi police fired water cannon and rubber bullets on Monday to break up a protest by garment workers demanding a higher minimum wage, forcing the closure of more than 100 factories.
Insight: African tech startups aim to power growing economies
DAKAR (Reuters) - When Abasiama Idaresit started a digital marketing firm in Nigeria's bustling economic capital three years ago, he quickly learned how brutal life can be in a market where tech startups are in their infancy.
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