India’s Strides Arcolab, Eli Lilly in generic cancer drug tie-up

MUMBAI (Reuters) – India’s Strides Arcolab and Eli Lilly will jointly manufacture and distribute generic cancer drugs for developing markets, the drugmakers said on Wednesday, as the U.S. company looks to expand its presence in emerging markets.The tie-up is the latest in a line of agreements between ‘Big Pharma’ companies eyeing greater access to high-growth emerging markets, and Indian companies...

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Stock futures signal gains at open

PARIS (Reuters) – Stocks were indicated to open higher on Wednesday, with futures for the S&P 500 up 0.35 percent, Dow Jones up 0.43 percent and Nasdaq 100 up 0.41 percent at 4:55 a.m. EDT.* European shares resumed a recent sharp rally on Wednesday after comments from China’s new leader boosted global growth expectations.* Chinese Communist Party chief Xi Jinping said the country will maintain...

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Officials: NATO to decide on missiles for Turkey

BRUSSELS (AP) — NATO foreign ministers are expected to approve Turkey‘s request for Patriot anti-missile systems to bolster its defense against possible strikes from neighboring Syria.NATO foreign ministers are meeting on Tuesday and Wednesday in Brussels. Parliaments in both nations must approve the deployment, which would also involve several hundred soldiers.Ankara, which has been highly supportive...

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Yahoo sees several flaws in $2.7 billion Mexico ruling: source

SAN FRANCISCO (Reuters) – Yahoo Inc believes it has “numerous” grounds to appeal a Mexico City civil court‘s $ 2.7 billion preliminary judgment against the company, including both errors in procedure and in application of law, a person familiar with the matter told Reuters on Monday.The ruling in the case, which involves allegations of breach of contract related to an online yellow pages listings...

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Kutcher’s Steve Jobs, Gordon-Levitt among Sundance premieres

NEW YORK (Reuters) – Ashton Kutcher‘s turn as Apple co-founder Steve Jobs and actor Joseph Gordon-Levitt‘s directorial debut about a modern day Don Juan are leading a slew of star-studded premieres unveiled Monday for the 2013 Sundance Film Festival.Kutcher stars in “Jobs,” a biographical look at the career rise of Jobs from wayward hippie to charismatic inventor and entrepreneur, which Sundance said...

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U.S. hospital chain HMA’s shares fall after TV report

(Reuters) – Shares of Health Management Associates Inc fell about 5 percent on Monday after the television news program 60 Minutes aired a story describing aggressive patient admissions policies allegedly pursued at the company’s U.S. hospitals.The story included interviews with several former employees of the hospital chain who said they were pressured to meet quotas for admitting patients.HMA Senior...

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Investors’ Risky Bet on the Ghost of Freddie Past

The post-bailout world abounds with financial incongruities. Witness: Federal Home Loan Mortgage Corporation, or “Freddie Mac,” the government-sponsored agency that by its own admission “makes home possible for one in four home buyers and is one of the largest sources of financing for multifamily housing.” Since the beginning of 2009, it has provided nearly $ 1.6 trillion of funding to the U.S. mortgage...

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Gunmen assassinate peasant leader in Paraguay

ASUNCION, Paraguay (AP) — Gunmen murdered one of the surviving leaders of a peasant movement whose land dispute with a powerful politician prompted the end of Fernando Lugo‘s presidency last June.Vidal Vega, 48, was hit four times early Saturday by bullets from a 12-gauge shotgun and a .38-caliber revolver fired by two unidentified men who sped away on a motorcycle, according to an official report...

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How Google Stole Christmas (And is Bringing it Back)

Google‘s Nexus smartphones and tablets have a unique feature that’s also a curse. They come with the latest version of Android (which is actually unusual among Android devices), and they’re basically guaranteed to get updates throughout their lifespan (which is also unusual). But on the downside, Nexus owners are also the first to discover new “features” in each version of Android … like Google’s...

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Letterman, Hoffman, Zeppelin honored by Obama

WASHINGTON (AP) — David Letterman‘s “stupid human tricks” and Top 10 lists vaulted into the ranks of cultural acclaim Sunday night as the late-night comedian received this year’s Kennedy Center Honors with rock band Led Zeppelin, an actor, a ballerina and a bluesman.Stars from New York, Hollywood and the music world joined President Barack Obama at the White House on Sunday night to salute the honorees,...

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