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(MENAFN - AFP) A flare-up in tensions in Ukraine on Friday threatened to derail the climb in US stock markets, but traders finally dismissed geopolitics to deliver another week of gains on Wall Street.

The prospects of new US and European involvement in Iraq's domestic war, and Ukraine's claim that it destroyed Russian armored vehicles inside its territory late Thursday, ...

 
(MENAFN - AFP) Canada's Valeant Pharmaceuticals International extended its unsolicited offer to buy US Botox maker Allergan on Friday until the end of the year.

The $53.5 billion offer had been due to expire at 5:00 pm (2100 GMT). Valeant said it was now keeping it in play until 5:00 pm on December 31.

In June Allergan rejected for a third time a takeover bid from Valeant, ...

 
(MENAFN - AFP) A cholera outbreak in Ghana's capital has reached "staggering" levels, an official said Friday, blaming poor sanitation and overcrowded health facilities for the rapid spread of the disease.

Cholera has killed more than 40 people in Accra since June and infected 3,100 others, according to the Ghana Health Service.

While the sprawling city has been hit ...

 
(MENAFN - AFP) Rap star 50 Cent and US computing giant Intel are teaming up on a new line of headphones that double as heart rate monitors.

With the company SMS Audio backed by Curtis "50 Cent" Jackson, Intel will produce the so-called fitness monitoring biometric in-ear headphones.

The headphones will integrate biometric sensors to allow users to collect fitness data ...

 
(MENAFN - AFP) Activist investor Carl Icahn has acquired a 6.6 percent stake in Gannett, saying the media conglomerate preparing to split in two is "undervalued."

Icahn late Thursday made the announcement in a tweet, linking to a regulatory filing this week with the Securities and Exchange Commission.

According to the filing, Icahn began buying Gannett shares in mid-June ...

 
(MENAFN - AFP) US shares rebounded late Friday to end mixed after an early bout of selling on news that Ukraine had shelled Russian armored vehicles after they entered its territory.

Worries that the incident would lead to a direct clash between the two ebbed after Moscow denied the incursion and Kiev's foreign minister said he would meet his Russian counterpart in Berlin ...

 
(MENAFN - AFP) Oil prices rebounded Friday amid mounting Ukraine geopolitical tensions after Kiev said Ukrainian forces had destroyed part of a Russian military convoy that entered its territory.

US benchmark West Texas Intermediate for delivery in September, which had lost more than $2 Thursday, advanced $1.77 to close at $97.35 a barrel on the New York Mercantile Exchange. ...

 
(MENAFN - AFP) Holders of Argentine euro-denominated bonds said Friday they were appealing a New York court's freeze on payment by Buenos Aires, an order that has pushed the country into default.

Lawyers for the eurobond holders told the US district court in New York that they would ask an appeals court to overrule Judge Thomas Griesa, who ordered a freeze on their payment ...

 
(MENAFN - AFP) India's new right-wing premier Narendra Modi announced Friday an end to Soviet-style economic planning in an Independence Day speech as he pressed ahead with overhauling cumbersome government policymaking.

Modi said he was scrapping the Planning Commission - a relic of socialist policies put in place by India's first prime minister, Jawaharlal Nehru, who was ...

 
(MENAFN - AFP) Panama celebrated the 100th anniversary of its famous canal Friday with a ceremony and gala, even as it scrambled to make up lost time by enlarging it to maintain its competitiveness in the 21st century.

The canal, an engineering masterwork that transformed global commerce, opened on August 15, 1914, connecting the Atlantic and Pacific Oceans and saving ships ...

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