America Breaking News: Onyx Explores Possible Sale After Rejecting Amgen Offer

Wochit 0:56 mins

Cancer drugmaker Onyx Pharmaceuticals Inc said on Sunday it rejected a roughly $10 billion takeover offer from larger biotechnology company Amgen Inc. as too low but still is considering selling itself. Alabama's Jefferson County filed a negotiated restructuring plan to wind up America's largest municipal bankruptcy and lock in losses of as much as 70 cents on the dollar for JPMorgan Chase and other Wall Street creditors. The Southwest again saw soaring temperatures on Sunday with forecasters predicting the aptly named Furnace Creek in the heart of Death Valley, California, might hit a 100-year high of 130 degrees.

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