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How Wellcome and Gates charities profit from helping biotech

LONDON, May 30- The Wellcome Trust medical charity is to profit from U.S. approval of a new diagnostic cancer test, the first commercial product funded by the organization since the sale of its pharmaceuticals business to Glaxo in 1995.. The Bill& Melinda Gates Foundation recently made a $80 million profit from selling a stake in Anacor Pharmaceuticals, a firm it...

Source: Reuters

Noble CEO Alireza quits, Americas Energy Solutions put up for sale

Troubled commodities trading firm Noble Group said its chief executive Yusuf Alireza had quit for "family reasons."

Source: CNBC.com

GLOBAL MARKETS-Asia shares slip, dollar firm after Yellen's hike remarks

Wall Street rises ahead of U.S. TOKYO, May 30- Asian shares edged down on Monday and the dollar marked fresh highs after Federal Reserve chief Janet Yellen suggested that an interest rate hike could be around the corner. On Friday, Wall Street posted daily and weekly gains as investors looked to a three-day weekend in the United States ahead of Monday's Memorial...

Source: Reuters

Cloud computing firms bet big on Asia growth

Zach Nelson, CEO at software firm Netsuite, explains his plan to focus on mature and emerging markets this year.

Source: CNBC.com

CORRECTED-UPDATE 2-French government to stand firm on labour reform

In the mid-1990s Prime Minister Alain Juppe triggered France's worst unrest in decades because he would not budge on pension reform but he eventually backed down after weeks of industrial action and protests. "I cannot believe for a second that he will take France hostage, because the image of France is at stake," Socialist party leader Jean-Christophe...

Source: Reuters

UPDATE 2-French government to stand firm on labor reform

In the mid-1990s Prime Minister Alain Juppe triggered France's worst unrest in decades because he would not budge on pension reform but he eventually backed down after weeks of industrial action and protests. "I cannot believe for a second that he will take France hostage, because the image of France is at stake," Socialist party leader Jean-Christophe...

Source: Reuters

France's Sapin says government will stand firm on labor reform

Plan to overhaul labor rules is crucial to economy and the government will stand by it despite protests and blockades, says Michel Sapin.

Source: Reuters

France's Sapin says government will stand firm on labor reform

PARIS, May 29- A plan to overhaul labor rules is crucial to proving France's ability to reform, and the government will stand by it despite street protests and refinery blockades, Finance Minister Michel Sapin said in an interview. The government is under pressure to find a solution to its standoff on the labor reform with hardline union CGT ahead of the June 10...

Source: Reuters

Palo Alto Networks drags after tepid guidance

Shares of Palo Alto Networks dropped Friday after the cybersecurity firm guided for lower-than-expected earnings.

Source: CNBC.com

Adidas sells U.S. apparel firm Mitchell & Ness

Adidas had agreed to sell U.S. sportswear seller Mitchell & Ness, resulting in a one-time gain in the low to medium double-digit million euro range.

Source: Reuters