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Exclusive: Medivation succumbs to pressure to explore sale -sources

U.S. cancer drug maker Medivation Inc has decided to explore a sale following a $9.3 billion acquisition offer from France's Sanofi SA and interest from other companies, people familiar with the matter said on Monday. Pfizer Inc and Amgen Inc are among the companies that have signed non-disclosure agreements with Medivation, which allow them to obtain confidential information about the company, the people said. Sanofi made its

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Exclusive: Medivation succumbs to pressure to explore sale -sources

Tribune Publishing adopts poison pill to stop Gannett bid

(Reuters) – Newspaper publisher Tribune Publishing Co said its board had adopted a shareholder rights plan – popularly known as a “poison pill” – in a bid to thwart Gannett Co Inc's unsolicited takeover offer. Tribune shares fell nearly 6 percent in morning trading on Monday, while Gannett shares were little

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Tribune Publishing adopts poison pill to stop Gannett bid

Judge dismisses mental competence lawsuit against Sumner Redstone: tentative ruling

(Reuters) – A Los Angeles judge dismissed a lawsuit over the mental competence of media mogul Sumner Redstone, in a tentative ruling issued on Monday. (Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

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Judge dismisses mental competence lawsuit against Sumner Redstone: tentative ruling

Fed’s Kashkari says current U.S. interest rates ‘about right’

While a rate hike in June is “possible,” Kashkari sounded happy to keep rates low for now in order to continue bringing workers who have not worked in months or years back into the labor force. “To me, just looking at the raw data, it says we should be …

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Fed’s Kashkari says current U.S. interest rates ‘about right’

Wanted: Manufacturing whizzes to work on Tesla’s Model 3

By Alexandria Sage SAN FRANCISCO (Reuters) – Technology entrepreneur Elon Musk gave a public shout-out to the sharpest minds in manufacturing this week, calling on them to come help Tesla Motors Inc build a million all-electric cars a year by 2020. Musk says he is “hell-bent” on making the Silicon Valley automotive upstart a manufacturing powerhouse, but his vision relies on finding veteran auto engineers to ramp up volume ten-fold in four …

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Wanted: Manufacturing whizzes to work on Tesla’s Model 3

Berkshire operating profit falls short, book value rises

By Jonathan Stempel (Reuters) – Warren Buffett's Berkshire Hathaway Inc on Friday confirmed that its first-quarter profit rose 8 percent, while operating results fell short of analyst forecasts as falling oil prices and coal demand hurt its BNSF railroad unit. The Omaha, Nebraska-based conglomerate, which has close to 90 operating units, also said its book value per share, measuring assets minus liabilities and Buffett's preferred gauge of

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Berkshire operating profit falls short, book value rises

FCC confirms approval of Charter, Time Warner Cable merger

By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission confirmed on Friday that it had voted to approve Charter Communications Inc's acquisitions of Time Warner Cable Inc and Bright House Networks. Tom Rutledge, president and chief executive of Charter, said in a statement Friday that the transactions have

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FCC confirms approval of Charter, Time Warner Cable merger

Judge leans Redstone’s way in trial over media mogul’s mental state

A judge called Sumner Redstone's deposition “strong evidence” that the media mogul knew what he was doing when he ejected an ex-girlfriend from his life, suggesting Redstone has the upper hand in a trial over his mental competence that began on Friday. Although the 92-year-old billionaire, who has majority control of media companies Viacom and CBS, had…

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Judge leans Redstone’s way in trial over media mogul’s mental state

Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

By Rania El Gamal and Reem Shamseddine DUBAI/KHOBAR, Saudi Arabia (Reuters) – Saudi Arabia, the world's largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995. The change is unlikely …

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Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

Cigna says Anthem deal could close in 2017; Anthem sticks to 2016

Health insurer Cigna Corp , which announced plans to be bought by larger Anthem Inc 10 months ago, on Friday said the deal may close in 2017 rather than 2016 due to the complexity of the regulatory process, according to a filing with the Securities and Exchange Commission. The U.S. Department of Justice is currently reviewing the Cigna-Anthem deal, which would create the …

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Cigna says Anthem deal could close in 2017; Anthem sticks to 2016

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