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Wall St. rebounds from recent losses; deals help

NEW YORK - U.S. stocks climbed more than 1 percent on Monday, rebounding from a sharp decline last week, helped by deal activity in healthcare and a bounce in energy shares. | Video

Recent Business News

AIG Chairman Steve Miller to step down in July: WSJ

- American International Group Inc Chairman Robert "Steve" Miller intends to step down in July after five years in the role, the Wall Street Journal reported.

4:16pm EDT

Teva to buy U.S. drug developer Auspex Pharma for $3.5 billion

TEL AVIV - Israel's Teva Pharmaceutical Industries said it would buy U.S. neurology drug company Auspex Pharmaceuticals Inc for an equity value of $3.5 billion to boost its portfolio of treatments for the central nervous system.

Deals, Health 12:08pm EDT

U.S. investor lawsuit over Harbinger's LightSquared is dismissed

NEW YORK - A federal judge on Monday dismissed a lawsuit accusing Philip Falcone and his Harbinger Capital Partners LLC of misleading investors by taking a majority stake in wireless company LightSquared Inc without disclosing the investment or its risks.

4:28pm EDT

Tesla CEO Musk's upbeat tweets about China boost stock

DETROIT - Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company's sagging China operations on Monday, sparking a sharp rebound the company's stock.

China, Tech 2:50pm EDT

U.S. not liable for alleged SEC negligence in Stanford fraud: court

- A federal appeals court said on Monday the United States is not liable to victims of Allen Stanford's fraud who claimed that the Securities and Exchange Commission was incompetent for having taken too long to uncover the swindler's $7.2 billion Ponzi scheme.

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