WASHINGTON- A FORWARD-LOOKING US economic index rose for a third consecutive month in June, a business research group said Monday in another sign the brutal recession is near an end.
LONDON - BRITAIN'S Financial Services Authority (FSA) regulator should be abolished and the Bank of England put in full charge of supervising financial institutions, opposition Conservatives said on Monday.
NEW YORK - US STOCKS opened higher on Monday, building on last week's powerful rally on reports that huge business lender CIT Group had found private financing to avert bankruptcy.
BOSTON - HUMAN Genome Sciences Inc said on Monday that its experimental lupus drug had succeeded in a late-stage clinical trial, shocking many who had written the product off as dead and fueling a 228 per cent stock jump.
The results, which were announced just after midnight on Sunday, showed patients who took the drug, Benlysta, demonstrated a statistically significant improvement in the symptoms of their disease compared with those taking a placebo.
