AbbVie Pins Hopes on Hepatitis C Treatment

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AbbVie is hoping for regulatory approval this month of its first significant new drug product in a decade: a multidrug regimen for the liver disease hepatitis C. AbbVie currently relies on just one drug to generate 63% of its revenue: the anti-inflammatory drug Humira.

Fears Spread of Sony-Style Hack

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Damaging revelations from the computer assault on Sony are playing like a horror movie in executive suites, prompting companies to review security measures and reconsider what is said in an email.

Cuba Opening Shines Light on Obsolete Telecom Links

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As Cuba closes its gap to the U.S., one big task will be modernizing its telecommunications links with the outside world, which have languished amid tight control of information access on the island and the U.S. embargo.

Chevron Suspends Canada Arctic Drilling Program

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Chevron told Canadian regulators that it has ‘indefinitely’ suspended plans to drill for oil in Arctic waters, citing uncertainty over the outlook for crude prices.

Worthington Posts Higher Profit, Sales

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Worthington Industries reported higher profit and sales in its fiscal second quarter as its steel processing operations continued to benefit from higher demand, particularly from the automotive sector.

U.S. Companies Consider the Possibilities of Cuban Trade

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The White House’s move to normalize ties with Cuba could give U.S. companies access to a market that’s been largely off-limits for more than a half century but has less commercial allure than it once did.

Cavalli Enters Exclusive Talks With Clessidra

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Italian fashion firm Roberto Cavalli and private-equity fund Clessidra have entered exclusive talks to sell a majority stake in the Cavalli group to the fund.

Canadian Oil Producers Pare Spending

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A host of Canadian oil producers said that they were paring capital spending plans as an uncertain outlook caused by lower oil prices rocks the industry.

Vale Bid to Dismiss Rio Tinto Lawsuit Rejected

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A U.S. District Court rejected Vale SA’s bid to dismiss a lawsuit alleging it conspired with Israeli billionaire Benjamin Steinmetz to take a West African mine away from rival Rio Tinto.

EU Considers Uber's Request to Block French Taxi Law

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The EU is considering Uber’s latest legal maneuver to block a new French law that could upend how the company operates.

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