Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion into the company.

Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of possible losses at the stricken bank and to plow a fresh $20 billion into the company.

SOUTH SAN FRANCISCO, Calif.----Exelixis, Inc. today announced that Bristol-Myers Squibb Company has exercised its option to develop and commercialize Exelixis' investigational new drug candidate XL413, a selective inhibitor of Cdc7.

Social networking group has offered to pay for its acquisition in stock but investors in the popular micro-blogging company have questioned whether the stock is worth the $500m value placed on it

Shares of Sanyo Electric fell after a newspaper said Panasonic Corp was seeking to buy Sanyo shares at 120 yen each in a takeover, far below the current stock price and valuing the company at $7.7 billion.