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Sep 14, 2015

Abbott tangles with regulators over Indian cough syrup complaint

NEW DELHI (Reuters) – Drugmaker Abbott Healthcare is
challenging an Indian state’s accusation that a sample of the
company’s cough syrup contained excessive levels of codeine, the
second multinational to question India’s regulatory testing
regime in recent months.

Whether the sample of Abbott’s popular “Phensedyl” was a
genuine product or a fake has not been established, but the
suspect batch of 80,000 bottles has not been recalled.

Sep 14, 2015

Exclusive – Abbott tangles with Indian regulators over cough syrup complaint

NEW DELHI (Reuters) – Drugmaker Abbott Healthcare is challenging West Bengal’s accusation that a sample of the company’s cough syrup contained excessive levels of codeine, the second multinational to question India’s regulatory testing regime in recent months.

Whether the sample of Abbott’s popular “Phensedyl” was a genuine product or a fake has not been established, but the suspect batch of 80,000 bottles has not been recalled.

Sep 13, 2015

Exclusive: Abbott tangles with regulators over Indian cough syrup complaint

NEW DELHI (Reuters) – Drugmaker Abbott Healthcare is challenging an Indian state’s accusation that a sample of the company’s cough syrup contained excessive levels of codeine, the second multinational to question India’s regulatory testing regime in recent months.

Whether the sample of Abbott’s popular “Phensedyl” was a genuine product or a fake has not been established, but the suspect batch of 80,000 bottles has not been recalled.

Jun 4, 2015

Kabul on edge after spike in deadly attacks

KABUL (Reuters) – Prosecutors fleeing offices, girls at home after a bomb scare at their school, Indian bankers leaving Kabul until things calm down – a spike in high profile Taliban attacks has left officials and expatriates in the Afghan capital on edge.

The threat of militant violence is not new in the city of 3.5 million, which has never fully stabilized since the hardline Islamist Taliban regime was ousted in a U.S.-led war in 2001.

Jun 3, 2015

Leader in Afghan north dismisses Kabul government as a ‘show’

MAZAR-I-SHARIF, Afghanistan (Reuters) – Atta Mohammad Noor, a powerful governor in northern Afghanistan, visited a local amusement park last week and grabbed a video arcade gun. Firing on fictional aliens made a break from the frequent target of his ire: the government in Kabul.

Noor, a former general hardened in wars against the Soviets and Taliban but now suited and affluent, complains of a lack of leadership by President Ashraf Ghani and is angry his warnings of rising militant violence in the north were not heeded.

Jun 1, 2015

In Mazar, Afghans enjoy life as fighting draws near

MAZAR-I-SHARIF, Afghanistan (Reuters) – It is late afternoon and slivers of sunlight stream in through an exhaust fan, cutting through multicolored strobe lights and shisha smoke in a basement karaoke club, one of more than a dozen in the northern Afghan city of Mazar-i-Sharif.

About a dozen young men lounge around on sofas, belting out ballads in Dari and clapping along to the music.

Oct 10, 2014

Blackstone gives up its roots in advisory unit spin-off

NEW YORK, Oct 10 (Reuters) – Blackstone Group LP said
on Friday it would spin off its advisory units into a company
headed by star Wall Street investment banker Paul Taubman, to
avoid potential conflicts of interest in the sprawling private
equity empire.

The advisory business, which includes mergers and
acquisitions, restructuring and private equity fundraising, will
merge with a firm founded last year by Taubman, a former Morgan
Stanley president who has been behind some of the biggest
mergers in recent years.

Sep 29, 2014

‘Bond King’ Bill Gross quits Pimco for Janus

NEW YORK (Reuters) – Bill Gross, the bond market’s most renowned investor, quit Pimco for distant rival Janus Capital Group Inc on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than 40 years ago.

Gross, 70, had been clashing with the firm’s executive committee and had threatened to resign multiple times, a source familiar with the situation said. The committee had planned to accept his latest resignation from the post of chief investment officer on Saturday.

Sep 28, 2014

Japan’s SoftBank in talks to buy DreamWorks: source

TOKYO/NEW YORK (Reuters) – Japan’s SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) is in talks to acquire DreamWorks Animation SKG (DWA.O: Quote, Profile, Research, Stock Buzz), the Hollywood studio behind the “Shrek” and “Madagascar” movie hits, a person with knowledge of the situation said.

An acquisition of DreamWorks by SoftBank would make it part of a cash-rich Japanese communications and media company that, under founder and chief executive Masayoshi Son, has shown a willingness to take big bets on combining disparate businesses.

Sep 26, 2014

How Bill Gross became too hot for Pimco to handle

NEW YORK, Sept 26 (Reuters) – Bill Gross’ abrupt departure
from Pimco, the giant bond firm that he co-founded more than
four decades ago, was preceded by months of clashes between the
star investor and the firm’s executive committee that got
progressively worse, according to sources familiar with the
situation.

Tensions had been building within Pimco, the Newport Beach,
California-based asset manager with about $2 trillion under
management. Co-Chief Investment Officer Mohamed El-Erian,
Gross’s long-time heir-apparent, made an acrimonious exit in
January. The flagship Total Return Fund, the world’s largest
bond fund, suffered 16 straight months of outflows. The
wrangling and the underperformance grated on the executive
committee, chaired by Chief Executive Douglas Hodge.