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  • AbbVie to buy leukemia drugmaker Pharmacyclics for $21B

    AbbVie Inc. said Thursday it is buying leukemia drugmaker Pharmacyclics for $21 billion, its first major deal since pulling out of the Shire takeover for tax reasons. Pharmacyclics is known as the maker of Imbruvica, a drug that treats blood cancers. AbbVie is offering $261.25 a share for Pharmacyclics under the cash and stock takeover. It is...

  • NYC mayor to tout housing plan to business leaders

    NEW YORK (AP) — Mayor Bill de Blasio is set to bring his message of fighting income inequality to a group of influential New York City business leaders. De Blaiso will deliver a significant speech Thursday morning to the Association for a Better New York. The group is a coalition of city elites who thrived for 12 years under former Mayor...

  • China stocks lead Asia lower after annual growth target cut

    HONG KONG (AP) — A tumble in Chinese stocks dragged most other Asian benchmarks lower Thursday after China cut its economic growth target. KEEPING SCORE: Hong Kong's Hang Seng fell 1.1 percent to 24,189.66 and the Shanghai Composite Index in mainland China lost 1.5 percent to 3,230.38. The S&P/ASX 200 in Australia, where commodity producers...

  • Second Los Angeles hospital reports 'superbug' infections

    LOS ANGELES (AP) — Four patients at Cedars-Sinai Medical Center have been infected with an antibiotic-resistant "superbug" linked to a type of medical scope that's used on more than a half-million people in the U.S. every year, the hospital said Wednesday. The revelation comes two weeks after a similar outbreak at Ronald Regan UCLA Medical...

  • House passes Amtrak bill that could boost Northeast service

    WASHINGTON (AP) — In a rare burst of bipartisanship, the House moved Wednesday to boost Amtrak's popular service between Boston and Washington while giving states a greater say in the local routes they help subsidize. The bill, approved by a vote of 316 to 101, authorizes $7.2 billion in federal subsidies for passenger rail, including about...

  • Facebook exec, NBA team up to get men to 'lean in' for women

    SAN FRANCISCO (AP) — Facebook executive Sheryl Sandberg has enlisted NBA stars LeBron James, Stephen Curry and some of the basketball league's other top players to convince more men to join the fight for women's rights at home and at work. The players will deliver the message in public service announcements aired during NBA games on major TV...

  • Bankrupt Caesars unit gets court's OK to use cash, for now

    LAS VEGAS (AP) — A federal judge in Chicago ruled Wednesday that a bankrupt division of Caesars Entertainment Corp. can tap some of the $847 million in cash it has on hand for at least five weeks. Judge Benjamin Goldgar said Caesars Entertainment Operating Co. could access its cash in the interim despite objections from some of the company's...

  • Venture capitalist says he tried to prevent firing of woman

    SAN FRANCISCO (AP) — A prominent senior partner at a Silicon Valley venture capital firm testified Wednesday that he was a loyal supporter of a woman who is now suing the company for sex discrimination. Billionaire John Doerr took the witness stand for a second day in the lawsuit alleging women were denied chances to advance at Kleiner Perkins...

  • Airlines canceling large number of flights for Thursday

    The patience of thousands of airline travelers will be tested again Thursday by a winter storm stretching from Texas to southern New England. Airlines canceled more than 1,800 U.S. flights scheduled for Thursday after scrubbing nearly 1,700 through early evening on Wednesday, according to tracking service FlightAware.com The airports likely...

  • Online retailer Etsy files for IPO valued at up to $100M

    NEW YORK (AP) — Etsy, the online retailer used by hobbyists and people who make their living selling their crafts, is going public. The Brooklyn-based company filed paperwork Wednesday for an initial public offering of stock valued at up to $100 million. It did not say yet how many shares it plans to sell or specify the timing of the deal....

  • Proposed Christie-Exxon Mobil contamination deal criticized

    ELIZABETH, N.J. (AP) — Democratic lawmakers and environmentalists have assailed a proposed court settlement of about $250 million between Republican Gov. Chris Christie's administration and Exxon Mobil in an oil and chemical contamination case in which the state originally sought nearly $9 billion. The settlement figure, they argued this week,...

  • The top iPhone and iPad apps on App Store

    App Store Official Charts for the week ending March 2, 2015: Top Paid iPhone Apps: 1. Minecraft - Pocket Edition, Mojang 2. Scholly: Scholarship Search, Scholly, LLC 3. Trivia Crack (Ad Free), Etermax 4. Heads Up!, Warner Bros. 5. Afterlight, Afterlight Collective, Inc 6. Five Nights at Freddy's 2, Scott Cawthon 7. Geometry Dash, RobTop...

  • Judge: More time needed to seek higher Revel bids

    CAMDEN, N.J. (AP) — A bankruptcy court judge says more time is needed to seek higher bids for Atlantic City's former Revel Casino Hotel. Judge Gloria Burns delayed a decision Wednesday on the proposed $82 million sale of the shuttered gambling hall to Florida developer Glenn Straub. She did so after Los Angeles developer Izek Shomof expressed...

  • Mandarin Oriental investigating potential credit card breach

    NEW YORK (AP) — Upscale hotel chain Mandarin Oriental says it is investigating a potential credit card breach at its hotels. "Unfortunately incidents of this nature are increasingly becoming an industrywide concern," the company said in an emailed statement. Mandarin Oriental said it is coordinating with credit card agencies and forensic...

  • Report: J&J close to deal to buy partner Pharmacyclics

    Health care giant Johnson & Johnson reportedly is close to buying biopharmaceutical company Pharmacyclics, its longtime partner in developing blood cancer treatment Imbruvica. London's Financial Times reports "people familiar with the matter" say Johnson & Johnson's anticipated offer would value Pharmacyclics of Sunnyvale, California, above...

  • IT'S YOUR MONEY: Retirement brings need to manage savings withdrawals

    After years of contributing money to 401(k) plans and Roth IRAs, you are finally ready for retirement. Now, you face the issue of how to best withdraw your retirement savings. Many retirees have several sources of income such as pensions, Social Security and real estate investments to help cover their retirement needs. Review your annual...

  • ESSENTIALS: Business briefs from the Pikes Peak region

    - Re/Max Properties Inc. in Colorado Springs recently held its annual awards celebration breakfast and honored 15 broker associates who qualified for its Quality Service Certification Platinum and Gold Awards. The awards recognize those who have scored 4.5 to 5 - the highest number - in the Customer Satisfaction Rating. Awards based on sales...

  • MONEY & THE LAW: Rash of recalls makes it wise to brush up on process

    Last year was the year of the recall. Although cars and trucks seem to be getting safer and more reliable (we've come a long way since the days of the Yugo), there were 700 recalls last year involving more than 60 million vehicles. This obliterated a record previously set in 2004. General Motors led the pack, with 80 recalls covering 26...

  • Spotify's Top 10 most viral tracks

    The following list represents the most viral tracks on Spotify, based on the number of people who shared it divided by the number who listened to it, from Monday Feb. 23, to Sunday, March 2, via Facebook, Tumblr, Twitter and Spotify. UNITED STATES 1. Matoma, "Old Thing Back (feat. Ja Rule and Ralph Tresvant)" (Big Beat Records) 2. Nate...

  • Spotify's Top 10 most streamed tracks

    The following list represents the most streamed tracks on Spotify, based on the number of people who shared it divided by the number who listened to it, from Monday, Feb. 23 to Sunday, March 2 via Facebook, Tumblr, Twitter and Spotify. UNITED STATES 1. Ellie Goulding, "Love Me Like You Do - From "Fifty Shades Of Grey"" (Republic Records) 2....

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