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Novartis CEO plays down prospects for Actelion bid: Blick

Novartis Chief Executive Joe Jimenez has played down suggestions the Swiss drugmaker could bid for Swiss biotech group Actelion, which is in talks with U.S. healthcare group Johnson & Johnson about a transaction. Asked by Swiss Sunday newspaper SonntagsBlick

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Novartis CEO plays down prospects for Actelion bid: Blick

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Airbnb, New York City settle rental law lawsuit

By Nate Raymond NEW YORK (Reuters) – Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb had contended that the law's ambiguous wording could allow New York authorities to apply it to online platforms like itself that host third-party listings, creating the risk of significant civil penalties…

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Airbnb, New York City settle rental law lawsuit

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No price like home: Big spenders reappear in China

SHANGHAI/BEIJING (Reuters) – China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents – a welcome boost for the world's luxury brands. China's rich make up almost a third of the world's luxury shoppers, up from only 2 percent around the …

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No price like home: Big spenders reappear in China

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Fed official stands by Wall Street reforms, says must complete work

The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. Dudley's comments, to a Group …

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Fed official stands by Wall Street reforms, says must complete work

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Wells Fargo complaints show flaws in federal whistleblower program

Former Wells Fargo & Co general manager Claudia Ponce de Leon filed a whistleblower complaint in December 2011 with federal labor regulators, alleging she was fired for telling superiors about employees opening unauthorized accounts. Nearly five years later…

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Wells Fargo complaints show flaws in federal whistleblower program

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Exclusive: WellCare, Centene make offers for Aetna assets – sources

By Carl O'Donnell and Caroline Humer (Reuters) – WellCare Health Plans Inc and Centene Corp have made competing offers for the Medicare Advantage insurance plans that Aetna Inc looks to shed in seeking clearance for its acquisition of Humana Inc , people familiar with the matter said. The potential divestiture is a central pillar of Aetna's efforts to win over regulators for its $34-billion Humana deal. WellCare and Centene submitted bids this week for…

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Exclusive: WellCare, Centene make offers for Aetna assets – sources

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Japan eyes help for small business in stimulus plan after Brexit

Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain's shock vote to leave the European Union, Economy Minister Nobuteru Ishihara said on Tuesday. Japanese policymakers also said financial markets are starting to calm down after the Brexit vote last week, but repeated that they want…

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Japan eyes help for small business in stimulus plan after Brexit

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Pfizer to invest $350 million in China biotech hub, first in Asia

Pfizer Inc will invest $350 million to build a biotech center in China, the latest in a series of moves by pharma industry giants to set up shop in the world's no. 2 drugs market with the aim of securing faster approvals for their products. The facility in eastern Hangzhou region – Pfizer's first biotech center in Asia – is expected to be completed by 2018, the firm said in a statement on Tuesday. Global “Big Pharma” is increasingly looking for smart ways to tap China's healthcare market…

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Pfizer to invest $350 million in China biotech hub, first in Asia

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On southwestern fringe, China’s Silk Road ambitions face obstacles

By Brenda Goh and Simon Webb KUNMING, China/VIENTIANE (Reuters) – For the southwestern city of Kunming, China's plan to extend a high-speed rail link 3,000 km (1,875 miles) south to Singapore is already a boon: pristine expressways, a gleaming station and something of a real estate …

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On southwestern fringe, China’s Silk Road ambitions face obstacles

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Fed’s Mester says gradual rate hikes still appropriate after jobs report

The latest disappointing U.S. jobs number has not changed the overall economic picture and gradual rate hikes remain appropriate, Cleveland Federal Reserve President Loretta Mester said on Saturday. The Fed raised rates in December for the first time in nearly a decade. “I still believe that in order to achieve our monetary policy goals, a gradual upward pace

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Fed’s Mester says gradual rate hikes still appropriate after jobs report

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