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European committee endorses Benlysta for approval

May 20, 2011 4:50 am | by The Associated Press | News | Comments

Biotech drugmaker Human Genome Sciences Inc. said Friday a European committee has endorsed its lupus treatment Benlysta, a key step toward possible approval in the European Union.The Rockville, Md., company said the European Medicines Agency's Committee for Medicinal Products for Human Use...

Paralyzed man freely moves after getting implant

May 20, 2011 4:50 am | by MARIA CHENG - AP Medical Writer - Associated Press | News | Comments

After Rob Summers was paralyzed below the chest in a car accident in 2006, his doctors told him he would never stand again. They were wrong.Despite intensive physical therapy for three years, Summers' condition hadn't improved. So in 2009, doctors implanted an electrical stimulator onto the...

Panasonic sees light after darkness of disaster

May 20, 2011 3:50 am | by TOMOKO A. HOSAKA - Associated Press - Associated Press | News | Comments

Panasonic Corp., which faces a tough road this year after Japan's earthquake, tsunami and nuclear crisis, believes it can turn disaster into opportunity as the country rethinks its energy policy.President Fumio Ohtsubo said Friday his company's recent efforts to move toward environmentally...

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Stink bug spread worries growers across nation

May 20, 2011 1:50 am | by DAVID DISHNEAU - Associated Press - Associated Press | News | Comments

An insect with a voracious appetite, no domestic natural predators and a taste for everything from apples to lima beans has caused millions of dollars in crop damage and may just be getting started.The brown marmorated stink bug, a three-quarter-inch invader native to Asia, is believed to have...

Rio Tinto extends Riversdale bid deadline again

May 20, 2011 1:50 am | by The Associated Press | News | Comments

Anglo-Australian mining company Rio Tinto PLC has extended the deadline for acceptances of its $4 billion takeover offer for Riversdale Mining Ltd for the third time.Rio said Friday that it now holds 73.39 percent of Riversdale shares as it extended the offer deadline by two weeks to June 3.Rio...

Shell to build floating gas plant off Australia

May 19, 2011 11:50 pm | by The Associated Press | News | Comments

Royal Dutch Shell PLC says it has made a final decision to construct a massive natural gas plant for use off the Australian coast.Shell did not say how much the "Prelude FLNG" facility will cost to build, but claimed that it will be the world's largest floating manmade object.It is designed to...

BP agrees $1.065 bln settlement with MOEX

May 19, 2011 10:50 pm | by The Associated Press | News | Comments

BP PLC says MOEX Offshore 2007 LLC, its minority partner in the blown-out Deepwater Horizon well, has agreed to pay the British company $1.065 billion to settle all claims between the companies over the accident in the Gulf of Mexico.BP said Friday that it will immediately put the payment into...

BP agrees to $1 billion settlement with MOEX

May 19, 2011 10:50 pm | by The Associated Press | News | Comments

BP PLC says MOEX Offshore 2007 LLC, its minority partner in the blown-out Deepwater Horizon well, has agreed to pay the British company $1.065 billion to settle all claims between the companies over the accident in the Gulf of Mexico.BP said Friday that it will immediately put the payment into...

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NBC Sports head Dick Ebersol resigns

May 19, 2011 5:50 pm | by DAVID BAUDER - Associated Press Writers - Associated Press | News | Comments

Dick Ebersol, who made NBC the TV home of the Olympics for more than two decades, will watch someone else run the network's coverage of next year's Summer Games.The powerful TV executive behind shows from "Saturday Night Live" to "Sunday Night Football" resigned Thursday as head of NBC Sports...

Quest Diagnostics to pay $241M for overcharges

May 19, 2011 4:50 pm | by SHAYA TAYEFE MOHAJER - Associated Press - Associated Press | News | Comments

California's biggest provider of medical lab testing has agreed to repay the state $241 million for more than 15 years of overcharges to Medi-Cal, the state attorney general's office said Thursday.The settlement from Quest Diagnostics Inc. is the result of a 2005 lawsuit brought by a...

Chrysler lines up $7.5 billion to repay loans

May 19, 2011 3:50 pm | by DEE-ANN DURBIN - AP Auto Writers - Associated Press | News | Comments

Chrysler Group LLC could repay most of its government loans as early as next week after raising $7.5 billion from bank loans and bond sales.The company said last month that it intended repay the U.S. and Canadian governments during the second quarter. It announced the financial details on...

Honda recalls 2012 Civic for fuel line defect

May 19, 2011 3:50 pm | by The Associated Press | News | Comments

Honda Motor Co. says it's recalling more than 1,000 new Honda Civics in the U.S. because they could leak fuel.The 2012 Civic went on sale earlier this spring. The recall affects 1,156 cars, many of which haven't even been sold yet. Honda said they'll be repaired while they're still on dealer...

Honda recalls 2012 Civic for fuel line defect

May 19, 2011 3:50 pm | by The Associated Press | News | Comments

Honda Motor Co. says it's recalling more than 1,000 new Honda Civics in the U.S. because they could leak fuel.The 2012 Civic went on sale earlier this spring. The recall affects 1,156 cars, many of which haven't even been sold yet. Honda said they'll be repaired while they're still on dealer...

Coal company cited in Perry County

May 19, 2011 2:50 pm | by The Associated Press | News | Comments

James River Coal Co. says a Kentucky subsidiary has received an imminent danger order issued by federal inspectors.The company says in a regulatory filing that workers at Leeco Inc.'s (hash)64 preparation plant in Perry County used a personnel hoist basket that had not been approved for use....

Symantec to buy Clearwell Systems for $390M

May 19, 2011 2:50 pm | by The Associated Press | News | Comments

Computer security company Symantec Corp. said Thursday that it agreed to buy privately held Clearwell Systems Inc., which handles legal discovery solutions, for $390 million.The deal will expand markets for Symantec and give it the opportunity to cross-sell its backup and security products,...

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