U.S. stocks rose, erasing early losses, as Senate leaders in both parties said they are optimistic about ending a partial government shutdown and preventing the nation from breaching the debt ceiling in three days. The yen and gold pared gains.
U.S. stocks rose, leaving the Standard & Poor’s 500 Index less than 1 percent from a record, amid signs lawmakers could reach a deal before the government loses its ability to borrow money in three days.
St. Jude Medical Inc., a maker of defibrillators and pacemakers, said it would buy closely held Endosense SA for at least $171 million (159 million Swiss francs) to gain technology that helps doctors fight irregular heart rhythms.
People with damaged mitral valves, which allow blood to flow backward in the heart, live longer and healthier lives if they get immediate surgery to repair a severe defect rather than wait for symptoms to appear.
Ernest Lau, a cardiologist at the Royal Victoria Hospital in Belfast, Ireland, was one of the first doctors to identify a defect in St. Jude Medical Inc.’s Riata that led to its recall in 2011. Now Lau is telling colleagues it’s time to embrace the company’s updated device.
Germany must face a lawsuit over bonds that defaulted under Adolf Hitler in the 1930s, a U.S. appeals court ruled, saying the nation isn’t immune from the claims and that American courts have jurisdiction to decide whether the bonds are enforceable.
U.S. stocks rose, after the Standard & Poor’s 500 Index snapped an eight-day rally yesterday, as Federal Reserve Chairman Ben S. Bernanke said the central bank’s asset purchases are not on a preset course.
St. Jude Medical Inc. and three top officers were sued by a public employee pension plan over claims they increased share value by making misleading statements about the quality of Durata cardio-defibrillator wires.