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St. Jude Medical Gets Pacemaker Tech OKs (AP)Medical device maker St. Jude Medical said Thursday it received U.S. and European Union approvals to add a new feature to its Frontier II pacemakers.

NVE Technology Makes Hearing Aids, Pacemakers Work Better (Investor’s Business Daily)Until recently, hearing aid wearers had to manually switch modes on their devices when they used a cell phone.

PaceMaker 5000 to benefit Children’s Hospitals (bizjournals.com)Three Minnesota medical device makers are banding together to raise money for Children’s Hospitals and Clinics.

St. Jude Gets Europe OK on OptiSense (AP)Heart device maker St. Jude Medical Inc. said on Friday it received European approval to sell its OptiSense pacemaker lead.

Some claims against Boston Scientific to proceed (Reuters)A federal judge has ruled that some product-liability claims against Boston Scientific Corp. over implantable heart defibrillators can proceed, rejecting the medical device maker’s motions to dismiss them.

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Gilead Completes $1B Stock Buyback (AP)Biotechnology company Gilead Sciences Inc. said Tuesday it completed a $1 billion buyback. The company bought back about 8.4 million shares at an average price of $65.13 per share, totaling $544.9 million, in connection with a $1.3 billion convertible notes offering in April.

Gilead’s Viread Lowers Hep B Virus (AP)Biotech drug maker Gilead Sciences Inc. said Monday that a late-stage clinical trial showed its Viread HIV drug performed better in reducing amounts of hepatitis B virus than its dedicated treatment Hepsera.

Approval of Pfizer AIDS drug delayed (at CNNMoney.com)Pharmaceutical giant says the FDA will approve its experimental maraviroc drug for HIV but only after conditions have been met.

HIV/AIDS pioneer named chief medical officer at Presidio Pharmaceuticals (bizjournals.com)A pioneer in studying HIV/AIDS, Dr. Marcus Conant, was named chief medical officer at Presidio Pharmaceuticals Inc.

A Second Look: Encysive Down Again (AP)Encysive Pharmaceuticals Inc. shares sank Tuesday for a second-consecutive day, after the Food and Drug Administration denied approval to its hypertension drug candidate.

Encysive shares continue slide following FDA announcement (bizjournals.com)Shares of Encysive Pharmaceuticals Inc. fell again Tuesday in reaction to the news that a competitor’s pulmonary arterial hypertension drug had won federal approval.

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Glitches at AT&T Bedevil Apple iPhone Owners (at Business 2.0)Something was bound to go wrong, and for existing ATT customers trying to activate their newly purchased Apple iPhones, the problem looked like this: Your activation requires additional time to completeThe discussion boards on Apple’s website were lit.

[$] iPhone Intro Incites Call-Selling (at Barron’s Online)Pie in the Sky? Option traders vet excessive optimism on Apple.

What’s Next: Ask, and You Shall Be Misled (at Inc.com)Customers can tell you a lot. But sometimes they don’t know what they’re talking about.

Eager Customers Snap Up Apple iPhones (AP)Brandon Saunders, 16, had been saving his allowance and birthday money for months to get one of Apple Inc.’s coveted iPhones.

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Bids looming for Spain’s Altadis: WSJ (at MarketWatch)Imperial Tobacco Group PLC of London and Luxembourg private-equity firm CVC Capital Partners Ltd. are expected to make competing offers for Altadis SA within days that could value the Spanish tobacco-products company at $17.5 billion, according to a media report Wednesday.

U.S. stocks await Fed statement on interest rates (at CNNMoney.com)Futures point to flat to slightly higher open as investors await Fed policy statement; overseas markets upbeat.

Canada: Rules on Tobacco Ads Upheld (AP)The Supreme Court of Canada unanimously ruled Thursday that restrictions on tobacco advertising in federal legislation are constitutionally valid, dealing a blow to the major cigarette companies who had argued the limits violated their freedom of speech.

Altadis: Candidates Finish Due Diligence (AP)Altadis Chief Executive Antonio Vazquez said Thursday that prospective bidders for the tobacco company have finished their due diligence.

21 Stocks to Make You Rich (Kiplinger Magazine)Five-star money managers reveal their best investment ideas.

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EXTHow to travel like a high rollerCasinos are giving out comps like never before — and not only to high-stakes gamblers. You can get free rooms, hot concert tickets and much more, sometimes just by asking.

May Spending by Consumers Matched Pace Set in AprilAmericans spent less than forecast in May, a sign that a consumer slowdown is restraining price pressures.

Bruce Kennedy, 68, Ex-Chief of Alaska Air, DiesMr. Kennedy led the Seattle-based company, which owns Alaska Airlines and Horizon Air, from 1978 to 1991, leading its expansion as an international carrier.

Wall Street drops on credit concerns (Reuters)

Reuters - U.S. stocks fell on Friday as banks and brokers retreated on concerns about the impact of tightening credit on takeovers and the subprime mortgage industry.

US stocks mixed ahead of Fed rate meeting (AFP)

AFP - US stocks were mixed in volatile trading late Wednesday morning as investors awaited the opening of a Federal Reserve interest-rate meeting, traders said.

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