Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

Daiichi Sankyo says it was misled over Ranbaxy U.S. probes

Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes into Ranbaxy.  Full Article 

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Brent crude futures turn lower ahead of Spain bank test results

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NEW YORK, Sept 28 | Fri Sep 28, 2012 9:05pm IST

NEW YORK, Sept 28 (Reuters) - Brent crude futures turned lower in choppy trading on Friday, as investors awaited Spain's stress tests, expected later in the day, and after oil prices had been lifted by supply uncertainties and Spain's budget reforms.

Brent November crude fell 40 cents to $111.61 a barrel by 11:32 a.m. EDT (1532 GMT), having traded from $111.52 to $113.40. (Reporting by Robert Gibbons; Editing by Gerald E. McCormick)
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