FDA Seeks More Data on Bristol-Myers Hepatitis C Therapy

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Bristol-Myers Squibb said the FDA rejected its new drug application for its hepatitis C treatment in combination with other agents, pending submission of more information requested by the regulator.

Colt Warns on 2015 Bond Payment

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Colt Defense said it might miss its May bond payment after last week eking out a deal that allowed the gun manufacturer to make a $10.9 million November interest payment to the bondholders.

Sony to Issue Refunds to Settle FTC Deception Charges

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The Federal Trade Commission said Tuesday that Sony Computer Entertainment America will issue millions of dollars in refunds to settle charges that it deceived customers during the rollout of its PlayStation Vita hand-held gaming console.

CEOs' Test: Dealing With Activist Investors

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Shareholders have become more assertive in challenging CEOs since the financial crisis. How chief executives respond has become a new measure of their mettle.

Sotheby's CEO Eligible for $4 Million Severance

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Sotheby’s said that Chief Executive William Ruprecht, who is set to leave the auction house next year, is eligible to receive a $4 million dollar severance payment.

Thomas Cook CEO Exit Panics Investors

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British travel group Thomas Cook has panicked investors by announcing the surprise departure of Chief Executive Harriet Green after just two years in the job.

French Shipping Major Clinches Short-Sea Deal

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France’s CMA CGM SA, the world’s third-biggest container-shipping operator by capacity, has bought Germany’s OPDR in the latest move by global shipping majors to control the maximum amount of tonnage in the water.

U.S. Jobless Claims Rise to 313,000

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The number of Americans seeking first-time jobless benefits leapt last week but remained at a level suggesting steady job growth.

Smith & Wesson to Acquire Firearm Accessories Firm

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Smith & Wesson agreed to acquire Battenfeld Technologies for roughly $130 million, adding a broad platform for expanding in the firearm accessories market.

Daily Mail Profit Rises

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U.K. newspaper publisher Daily Mail & General Trust’s full-year profit rose as growing advertising revenue at its popular MailOnline website helped to offset declining print revenue.

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