Ireland's Elan rejects Royalty Pharma takeover bid

DUBLIN — The board of Irish drugmaker Elan has unanimously rejected a takeover bid from Royalty Pharma, saying the U.S. investment company's offer of $11.25 a share is much too low. Royalty last week lowered its bid for Elan from an original $12 per...

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Ralph Lauren to pay $1.6M to settle bribery case

NEW YORK — Ralph Lauren Corp. has agreed to pay $1.6 million to resolve allegations that it bribed government officials in Argentina to get customs clearance for its merchandise. The Securities and Exchange Commission said Monday that the clothing maker...

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NYC proposes raising age for cigarette purchases

NEW YORK — No one under 21 would be able to buy cigarettes in New York City, under a new proposal announced Monday that marks the latest in a decade of moves to crack down on smoking in the nation's largest city. New York City Council Speaker Christine...

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Massachusetts gas prices drop three cents

Bay State gas prices are down another three cents this week, according to AAA Southern New England. Self-serve, regular unleaded gas is currently averaging $3.44 a gallon, seven cents less than the national average of $3.51. Local prices are down 19...

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BIND Therapeutics, AstraZeneca partner on cancer nanomedicine

Cambridge-based BIND Therapeutics and AstraZeneca said today they have entered into a strategic collaboration to develop and commercialize a cancer nanomedicine. Under terms of the agreement, the companies will work together to complete new drug-enabling...

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Bits of Health raises money for One Fund Boston

Local nutrition company Bits of Health said today it has launched a fund-raising effort called "Go The Distance," whereby the business will give a 10 percent discount off every purchase made online that uses the promotional code BOSTONSTRONG. Additionally,...

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Israeli-based Gizmox raises $7.5M for Hub headquarters

Gizmox, an Israeli-based company that focuses on HTML5 for new and existing business applications, said today it has raised $7.5 million in funding to build and staff its new headquarters in Boston. The funding round was led by Atlas Venture with participation...

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FairPoint announces changes in Vt. leadership

MONTPELIER, Vt. — Vermont's predominant landline telephone and telecommunications company is making changes at the top. FairPoint Vermont President Mike Smith will be stepping down in August. He will be succeeded by Beth Fastiggi, the company's vice...

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European austerity yields meager results in 2012

LONDON — The austerity pain pursued by a number of European countries led to very little gain in 2012. Figures Monday from Eurostat, the European Union's statistics office, showed that many of the countries hit hardest by Europe's financial crisis,...

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New Balance, Simon Property Group donate to One Fund Boston

New Balance Athletic Shoe Inc. today announced a $1 million donation to the One Fund Boston. The Boston running shoe maker also will match its employees' contributions to the fund, which was set up by Gov. Deval Patrick and Boston Mayor Thomas M. Menino...

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