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'Pharma Bro' arrives at low-security federal prison

The Associated Press  |  Posted   Apr 19th - 4:49am

The pharmaceutical-industry entrepreneur vilified for jacking up the price of a life-saving drug has been placed in a low-security federal prison in New Jersey.

Chinese e-commerce giant Alibaba sets plans for Thailand

Jerry Harmer, Associated Press  |  Posted   Apr 19th - 4:39am

The Chinese e-commerce giant Alibaba has agreed to step up investments in Thailand as competition between online retailers heats up in fast-growing Southeast Asia.

Australian bank charges dead client service fee for a decade

The Associated Press  |  Posted   Apr 19th - 4:03am

Financial advisers working for Australia's largest bank continued charging clients service fees after they died — in one case for more than a decade — a government inquiry heard on Thursday.

Willingness to fix euro's flaws is fading fast

David McHugh, Associated Press  |  Posted   Apr 19th - 3:53am

When Angela Merkel was re-elected as Germany's leader in March, the way looked open for European nations to finally patch the remaining cracks in the euro — the structural flaws that threatened to break apart the shared currency in 2010-12.

Authorities release airport CCTV footage of poisoned Russian

The Associated Press  |  Posted   Apr 19th - 3:48am

Russian investigators say they have traced back the steps of a poisoned Russian spy's daughter from her Moscow home to the airport before she flew to London, and found no traces of poison.

Trade issues expose the limits of Trump-Abe 'bromance'

Zeke Miller and Jill Colvin, Associated Press  |  Posted   Apr 19th - 3:44am

Japanese Prime Minister Shinzo Abe courted the new American president with a golden driver not long after Donald Trump won the White House. He's met with the billionaire businessman more than any other world leader, and he's Trump's second-most frequent caller.

FAA orders fan blade inspections after jet engine explosion

David Koenig and Claudia Lauer, Associated Press  |  Posted   Apr 19th - 3:24am

U.S. airline regulators have ordered inspections on engine fan blades like the one that snapped off a Southwest Airlines plane, leading to the death of a woman who was partially blown out a window.

China: Qualcomm plan 'has difficulty' resolving concerns

The Associated Press  |  Posted   Apr 19th - 3:16am

Qualcomm Inc.'s latest proposal for its $44 billion acquisition of NXP Semiconductors "has difficulty" resolving concerns of Chinese anti-monopoly regulators, a government spokesman Thursday.

Asian shares, oil prices rise on upbeat global outlook

Kelvin Chan, Associated Press  |  Posted   Apr 19th - 2:54am

Most Asian and European shares rose and oil prices touched fresh multi-year highs on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment.

Bureaucrat set to replace Raul Castro as Cuba's president

Michael Weissenstein and Andrea Rodriguez, Associated Press  |  Posted   Apr 19th - 2:49am

A 57-year-old bureaucrat will take Raul Castro's place as the president of Cuba on Thursday as a government led by a single family for six decades tries to ensure the long-term survival of one of the world's last communist states.

Quake, at least 5.5 in magnitude, strikes southern Iran

Nasser Karimi, Associated Press  |  Posted   Apr 19th - 2:21am

An earthquake of at least magnitude 5.5 struck in southern Iran near the country's sole nuclear power plant on Thursday morning, shaking countries across the Persian Gulf. There was no immediate report of damage or injuries.

Unilever announces share buyback, dividend boost

The Associated Press  |  Posted   Apr 19th - 1:57am

Unilever, the consumer goods multinational whose brands include Dove, Knorr and Ben & Jerry's, says it is planning a share buyback worth up to 6 billion euros ($7.4 billion) later this year.

Novartis 1Q profit jumps 12 percent as heart drug sales soar

The Associated Press  |  Posted   Apr 19th - 1:33am

Swiss pharmaceuticals company Novartis says net income jumped 12 percent in the first quarter, pointing to explosive growth in its heart-failure drug Entresto as its rollout continues, and powerful double-digit percentage growth for psoriasis drug Cosentyx.

Southwest Airlines pilot lauded as hero for handling crisis

Jim Vertuno and Emily Schmall, Associated Press  |  Posted   Apr 18th - 10:38pm

The Southwest Airlines pilot being lauded as a hero in a harrowing emergency landing after a passenger was partially blown out of the jet's damaged fuselage is also being hailed for her pioneering role in a career where she has been one of the few women at the controls.

Manhattan turf war: 'Billionaires Row' vs. homeless shelter

Verena Dobnik, Associated Press  |  Posted   Apr 18th - 10:31pm

Some of the world's wealthiest people have apartments in the half-dozen new skyscrapers built along a stretch of Manhattan's 57th Street known as "Billionaires Row." And soon they may have an unwanted new neighbor: a homeless shelter.

Corruption watchdog: G-20 moving slowly against tax havens

The Associated Press  |  Posted   Apr 18th - 10:19pm

An international corruption watchdog group says two years after the Panama Papers revealed how the rich have stashed wealth in shell companies, the world's Group of 20 industrialized and developing nations have made only slow progress improving the legal tools to ensure transparency.

Control board meeting to OK austerity plans for Puerto Rico

Danica Coto, Associated Press  |  Posted   Apr 18th - 10:12pm

New austerity measures are coming for Puerto Rico as a federal control board overseeing the U.S. territory's finances meets Thursday to approve several fiscal plans that will serve as the island's economic blueprint for the next five years.

Miguel Diaz-Canel selected as next president of Cuba

Michael Weissenstein and Andrea Rodriguez, Associated Press  |  Posted   Apr 18th - 9:53pm

The Cuban government on Wednesday selected 57-year-old First Vice President Miguel Mario Diaz-Canel Bermudez as the sole candidate to succeed President Raul Castro in a transition aimed at ensuring that the country's single-party system outlasts the aging revolutionaries who created it.

Asian shares higher on optimism about global growth

Kelvin Chan, Associated Press  |  Posted   Apr 18th - 9:51pm

Asian shares rose on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment.