Financial
Honda tops insurance industry safety list PDF  | Print |  E-mail
Written by The Associated Press   
Thursday, 19 December 2013 07:15

Honda Motor Co. has topped the insurance industry's annual list of the safest new vehicles.

The Insurance Institute for Highway Safety on Thursday gave 39 vehicles top safety ratings for 2014. That is dramatically fewer than the 130 on the list last year because vehicles now must meet tougher standards.

For the first time, the vehicles need top crash test scores and a good front crash prevention system — such as warning systems or automatic braking — to get its highest designation. Vehicles are now ranked as either a "Top Safety Pick" or "Top Safety Pick +" if they meet the front crash protection criteria as well.

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Bayer set to acquire cancer specialist Algeta PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 19 December 2013 07:12

BERLIN (AP) — Germany's Bayer AG is set to acquire cancer drug maker Algeta ASA after raising its offer for the Norwegian-based company to nearly $2.9 billion.

The two firms said Thursday drug and chemical company Bayer will make a cash offer of 362 kroner ($59.24) per Algeta share. Last month, Algeta said it had received a preliminary takeover offer of 336 kroner per share.

Algeta says its directors unanimously decided to recommend that shareholders accept the revised offer.

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AstraZeneca pays $2.7 billion for diabetes stake PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 19 December 2013 07:13

LONDON (AP) — British drugmaker AstraZeneca PLC says it will pay $2.7 billion to buy out Bristol-Myers Squibb Co.'s stake in their partnership to develop and sell diabetes drugs.

The deal announced Thursday also calls for up to $1.4 billion in regulatory, launch and sales related payments,

AstraZeneca says the deal will "consolidate worldwide ownership of the diabetes business within AstraZeneca," and extend its geographical reach, especially in emerging markets. AstraZeneca has described its work on diabetes as an important platform for returning the company to growth.

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Oil trains raise concerns in small towns, cities PDF  | Print |  E-mail
Written by JOSH FUNK, Associated Press MATTHEW BROWN, Associated Press   
Thursday, 19 December 2013 06:57

WOLF POINT, Mont. (AP) — It's tough to miss the trains hauling crude oil out of the Northern Plains. They are growing more frequent by the day, mile-long processions of black tank cars that rumble through wheat fields and towns, along rivers and national parks.

As common as they have become across the U.S. and Canada, officials in dozens of towns and cities where the oil trains travel say they are concerned with the possibility of a major derailment, spill or explosion, while their level of preparation varies widely.

Stoking those fears was the July crash of a crude train from the Bakken oil patch in Lac Megantic, Quebec — not far from the Maine border — that killed 47 people. A Nov. 8 train derailment in rural Alabama where several oil cars exploded reinforced them.

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