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FDA Grants Accelerated Approval to Ocaliva™ (Obeticholic Acid) for the Treatment of Patients with PBC

NEW YORK, May 27, 2016-- Intercept Pharmaceuticals, Inc., a biopharmaceutical company focused on the development and commercialization of novel therapeutics to treat non-viral, progressive liver diseases, today announced that the U.S. Food and Drug Administration has granted accelerated approval to Ocaliva for the treatment of primary biliary...

Source: Globe Newswire

Chinese developer Wanda opens theme park to take on Disney

NANCHANG, China— China's largest private property developer, the Wanda Group, has opened an entertainment complex it's positioning as competition for Disney and its $5.5 billion Shanghai theme park opening next month. Wanda executives unveiled their $3 billion "Wanda City" in the southeastern provincial capital of Nanchang on Saturday to thundering music...

Source: The Associated Press

UPDATE 1-Chinese users criticize Microsoft's push for Windows 10 upgrade-Xinhua

SHANGHAI, May 27- Chinese users of Microsoft products are criticizing the software company's push to get them to mandatorily upgrade their Windows operating systems, the official Xinhua news agency reported on Friday. "The company has abused its dominant market position and broken the market order for fair play," Xinhua quoted Zhao Zhanling, a legal adviser...

Source: Reuters

Japan shares G-7 push for inclusive growth with Asia, Africa

The bilateral summit meetings with leaders of Bangladesh, Chad, Indonesia, Laos, Papua New Guinea, Sri Lanka and Vietnam in this central Japanese city on Saturday followed a gathering with G-7 leaders after their annual summit, which was held in a nearby seaside resort. Chad's President Idriss Deby was representing the African Union at the meetings in Japan.

Source: The Associated Press

Natuzzi: Margins Continue to Improve

CONSOLIDATED REVENUE OF EURO 120.7 MILLION IN Q1 2016 GROSS MARGIN OF 34.3%, IMPROVING FROM 29.4% IN Q1 2015 POSITIVE EBITDA OF EURO 4.3 MILLION COMPARED TO EURO -1.4 MILLION IN Q1 2015 NET RESULT IMPROVES SIGNIFICANTLY FROM A LOSS OF EURO 9.8 MILLION IN Q1 2015 TO A LOSS OF EURO 0.2 MILLION IN Q1 2016 NATUZZI BRANDED SALES ACCOUNTS FOR 71% OF TOTAL CORE REVENUE 10...

Source: Business Wire

Celanese Announces Acetic Acid Price Increase in China

DALLAS---- Celanese Corporation, a global technology and specialty materials company, will increase list and off-list selling prices for the following product in view of recent market conditions. Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major...

Source: Business Wire

Experts ask WHO to consider moving Rio summer Olympics

Health experts urged the World Health Organization to consider postponing or moving the Rio de Janeiro Olympics because of the Zika outbreak.

Source: The Associated Press

U.S. seeks WTO dispute panel in chicken dispute with China

WASHINGTON, May 27- The Obama administration on Friday asked the World Trade Organization to establish a dispute settlement panel to rule on U.S. claims that China is unfairly continuing anti-dumping duties on U.S. broiler chicken products. China first imposed the duties on chicken imports from the United States in 2010 on grounds they were priced below fair...

Source: Reuters

NCR Completes First Phase of Sale of Interactive Printer Solutions Division to Atlas Holdings

DULUTH, Ga.---- NCR Corporation, a global leader in omni-channel solutions, today announced that it has completed the first phase of the previously announced sale of its Interactive Printer Solutions division to Atlas Holdings LLC. Going forward, IPS will operate as a stand-alone portfolio company of Atlas Holdings, and will be called Iconex.

Source: Business Wire

Stocks close higher after Yellen; Dow, S&P post best week since March

U.S. stocks closed higher Friday, posting a solid week of gains, after Fed Chair Janet Yellen's remarks.

Source: CNBC.com