Canadian cancer drugmaker Aeterna Zentaris Inc (AEZ.TO) said on Monday that European health regulators granted its perifosine blood cancer treatment orphan drug status, marking the second such designation for the drug.
Isis Pharmaceuticals Inc (ISIS.O) posted a wider-than-expected quarterly loss and said it expects a reduction in 2010 revenue, citing the completion of amortization of certain upfront fees.
Britain's Allergy Therapeutics (AGY.L) swung to a first-half pretax profit, helped by cost cuts, and said it was comfortable with the full-year market view, sending its shares up nearly 10 percent.
Biodel Inc (BIOD.O) said the U.S. health regulator accepted for review the marketing application for its experimental diabetes drug VIAject, sending its shares up 15 percent in premarket trade.
Ariad Pharmaceuticals Inc (ARIA.O) said its experimental cancer drug, AP24534, received orphan drug designation from U.S. health regulators, sending its shares up 8 percent in pre-market trade.
Tower Group Inc's (TWGP.O) fourth-quarter operating income rose 68 percent on higher net premiums, but the property and casualty insurer cut its 2010 earnings view.
PHH Corporation (PHH.N), a provider of mortgage and fleet management services, posted a fourth-quarter earnings that handily beat market expectations, helped by large gains on mortgage loans and higher fee income.
Webster Financial Corp (WBS.N) said it received U.S. governmental approval to repurchase $100 million, or 25 percent, of the shares of preferred stock issued to the Treasury under the Capital Purchase Program.
Iberian spot power prices recovered on Monday from two-month lows hit over the weekend as demand rose with the beginning of the working week.
Belgium's dominant telecom operator Belgacom (BCOM.BR) may offer electricity deals to help diversify its activities, Belgian daily Le Soir reported.
Toyota Motor Corp President Akio Toyoda sought to ease quality concerns during a low-key visit to China on Monday, fresh from a grueling hearing in the U.S. Congress over his company's biggest safety crisis.
Vivendi, Europe's largest entertainment group, sounded a cautious note on its profit outlook for this year despite posting better than expected results for 2009, boosted by its video games and telecoms units.
Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration's bailout of home funding giants Fannie Mae and Freddie Mac.
China's Suning Appliance Co said it planned to open 520 stores in China this year, increasing its total number of shops by more than half in the world's third-biggest economy.
Canadian construction company Aecon Group Inc said it acquired GCCL Contracting Ltd for about C$4.4 million as it looks to expand into other areas of the road building business.
Germany's family-controlled Merck KGaA agreed to buy U.S. biotech tool maker Millipore for $6 billion to diversify away from its embattled drugs business.
Petrohawk Energy Corp said it agreed to sell its interest in an Oklahoma asset for $155 million to a private company.
Investment analysis and market index company MSCI Inc said it will buy RiskMetrics Group Inc in a cash-and-stock deal valued at about $1.55 billion.
US specialty chemicals maker Solutia Inc will buy closely-held Etimex Solar, a maker of chemicals used in solar panels, for 240 million euros ($327.1 million) in cash
Japan's Astellas Pharma Inc offered to buy U.S. drugmaker OSI Pharmaceuticals for $52.00 a share, or about $3.5 billion, in cash to gain access to OSI's cancer drug Tarceva.
German fashion house Tom Tailor aims for a listing on Frankfurt's stock market by June, it said on Monday, just weeks after British fashion retailer New Look gave up similar plans due to turbulent financial markets.
AstraZeneca Said on Monday it was exercising an option with Merck & Co to take back full rights to certain drugs marketed in the United States and would pay the U.S. group $647 million in April.
Global miner Anglo American said Monday it had restarted operations at Los Bronces and El Soldado copper mines in Chile after a massive earthquake cut supply to the deposits.
Toyota Motor Corp President Akio Toyoda apologized to Chinese consumers on Monday over the company's massive global recall, seeking to ease quality concerns in the world's biggest auto market.
HSBC Holdings missed expectations with a $7.1 billion annual pretax profit as accounting losses masked record investment bank earnings and a late year slowdown in bad debts at its troubled U.S. business.
Blackstone Group's chief executive Stephen Schwarzman was paid a salary of $350,000 for 2009, but did not take a bonus for the year, according to a regulatory filing.
Bank of America hired energy investment banker Oscar Brown away from Barclays Capital to be a managing director and head of its Houston investment banking office.
Ron Burkle accused Barnes & Noble Inc's board of putting the interests of its controlling family over those of other shareholders when it blocked his attempt to double his stake in the U.S. bookstore chain.
New allegations that Toyota withheld emails and electronic records in previous passenger injury cases are causing a top lawmaker to question the car maker's response to complaints of unintended acceleration in its vehicles.
Shares Rosetta Stone Inc surged as much as 32 percent Friday, a day after the language-training software maker posted a strong quarterly profit, as investors cheered the solid growth in its international business and the push toward a recurring-revenue model.
