UPDATE 1-U.S. Int'l Trade Commission clears Microsoft of patent infringement NEW YORK, Aug 28- Microsoft Corp avoided a potentially costly setback to its financially troubled mobile phone business on Friday as the U.S. International Trade Commission declined to block the import of its devices in a longstanding patent dispute. The decision rejected a ruling in April by a U.S. trade judge who found that Microsoft had infringed two...
| By: Andrew Chung
A perfect hideout stock Time to play offense or defense? How to position your portfolio, with CNBC's Melissa Lee and the Options Action traders.
INSIGHT-Manufacturers in Argentina starved of dollars ahead of election, hurting output BUENOS AIRES, Aug 28- Argentina's central bank is reducing the supply of scarce dollars to manufacturers two months ahead of a presidential election to ensure more are available for the nation's savers, hampering the import of parts and disrupting factory production lines. Car factory workers are already working reduced hours as companies grapple with a...
| By: Eliana Raszewski
UPDATE 1-FDA warns of severe joint pain risk with DPP-4 diabetes drugs The FDA said it had identified 33 cases of severe joint pain in patients taking a class of drugs known as DPP-4 inhibitors between Oct. 16, 2006, when the first one was approved, through Dec. 31, 2013. Five cases were reported with AstraZeneca Plc's Onglyza, two with Boehringer Ingelheim's Tradjenta, and one with Takeda Pharmaceutical's Nesina.
US oil prices climb again after Thursday's big jump NEW YORK- Oil prices surged again Friday, a day after recording their biggest gain in more than six years. U.S. crude rose 6.3 percent to finish at $45.22 per barrel after climbing 10.3 percent on Thursday. The price of U.S. oil averaged more than $90 a barrel from 2011 through 2014. On Monday, U.S. crude closed below $40 a barrel for the first time since February 2009.
Source: The Associated Press