Accused of Hiding Information
Ranbaxy Laboratories Ltd slumped as much as 6.97 percent on Thursday after majority shareholder Daiichi Sankyo Co said it believes former shareholders of the Indian company hid information regarding U.S. regulatory probes. Full Article | Related Story
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Wall Street climbs at open on China data
NEW YORK |
NEW YORK (Reuters) - U.S. stocks advanced at the open on Thursday as stronger-than-expected exports in China, the world's second-biggest economy, raised hopes for a more robust recovery in the global economy this year.
The Dow Jones industrial average gained 51.22 points, or 0.38 percent, to 13,441.73. The Standard & Poor's 500 Index climbed 8.01 points, or 0.55 percent, to 1,469.03. The Nasdaq Composite Index rose 21.80 points, or 0.70 percent, to 3,127.61.
(Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)
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