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XenoPort to drop multiple sclerosis drug after trial failure
(Reuters) - XenoPort Inc said it will stop developing its experimental multiple sclerosis treatment after data from a late-stage trial showed the drug did not improve patients' condition significantly compared with a placebo.

Unclear whether Fed's bond buying has helped economy: Fisher
(Reuters) - While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday.

Chesapeake Energy hires Anadarko executive as CEO
(Reuters) - Chesapeake Energy Corp said it hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling the post vacated by co-founder Aubrey McClendon.

China trying to manage exposure of corruption online
BEIJING (Reuters) - China's Internet is brimming with disclosures of officials collecting bribes, homes and luxury accessories as casually as they do mistresses.

Brazilian killed in hot-air balloon crash in Turkey
ISTANBUL (Reuters) - A hot-air balloon flying over Cappadocia, a tourist destination in central Turkey, crashed after colliding with another balloon on Monday, killing a Brazilian passenger and injuring 24 other people, the Anatolian news agency said.

GE Capital plans to pay $11 billion in dividends to GE
(Reuters) - GE Capital Corp's board has approved a plan to pay $6.5 billion in dividends and a further $4.5 billion in special dividends to parent General Electric Co in 2013.

EU law key to ending 'too big to fail' banks: BoE's Tucker
LONDON/STRASBOURG, France (Reuters) - A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday.

Dell tells Icahn cannot disclose more information yet
(Reuters) - Dell Inc sent a letter to suitors Carl Icahn and Southeastern Asset Management saying the company could not provide more information about itself unless the board determined that their proposal was "superior" to Michael Dell's.

Actavis to buy Warner Chilcott in $8.5 billion deal
(Reuters) - Generic drugmaker Actavis Inc will buy specialty pharmaceuticals company Warner Chilcott Plc in a stock deal valued at about $8.5 billion.

Car bombs target Iraqi Shi'ites, killing at least 43
BAGHDAD (Reuters) - At least 43 people were killed in car bomb explosions targeting Shi'ite Muslims in the Iraqi capital and the southern oil hub of Basra on Monday, police and medics said.

Vodafone withdraws from BT mobile partner talks: sources
LONDON (Reuters) - Britain's Vodafone has withdrawn from the running to provide a mobile service to fixed-line operator BT , two industry sources told Reuters, bringing to an end a nine-year partnership.

Monster machines fan out on U.S. farms facing slow sow
SHERIDAN, Illinois (Reuters) - With the U.S. spring planting season off to a historically slow start, an increasing number of farmers are counting on powerful tools to catch up: Monster machines that sow 36 rows of corn at once and feature high-tech innovations like computer-guided directional equipment.

F1 tire changes to be less dramatic than feared
LONDON (Reuters) - Changes to the Formula One tires due to be introduced next month will be less dramatic than some have feared or hoped for, supplier Pirelli said on Monday.

Two suspected militants killed in Yemen drone strike
SANAA (Reuters) - Two suspected al Qaeda militants were killed on Monday in a drone strike on their vehicle south of the capital Sanaa, tribal and government sources said.

Goldman exits China's ICBC, seven years and billions later
HONG KONG (Reuters) - Goldman Sachs launched on Monday the sale of about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China , offering to sell its entire remaining stake in the world's biggest bank by market value.

Magnitude 6.8 quake strikes off Chile; no tsunami seen
SANTIAGO (Reuters) - A magnitude 6.8 earthquake struck off the coast of Chile on Monday, the U.S. Geological Survey said, but Chilean emergency authorities said they saw no prospect that the tremor would generate a tsunami.

Former Pakistani dictator Musharraf granted bail
ISLAMABAD (Reuters) - A Pakistani court on Monday granted bail to former army chief and president Pervez Musharraf who has been under house arrest on charges of failing to provide adequate security for former prime minister Benazir Bhutto before her 2007 assassination.

China offers India a 'handshake across the Himalayas'
NEW DELHI (Reuters) - India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.

Gulf wealth funds raising private equity investments: study
DUBAI (Reuters) - Sovereign wealth funds in the Gulf Arab region are raising their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco says in a new study.

Magnitude 6.8 quake strikes off Chile: USGS
LONDON (Reuters) - A magnitude 6.8 earthquake struck off the coast of Chile on Monday, the U.S. Geological Survey said.