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Latest Business News: Onyx Explores a Sale After Rebuffing a Bid by Amgen Amgen

Wochit 0:54 mins

Onyx-Pharmaceuticals-said that it is weighing a sale of itself, after having rejected an unsolicited $10 billion takeover bid by Amgen as too low. Brazil's Finance Minister Guido Mantega said in an interview that Brazil will raise taxes or cut public spending to compensate for any future subsidies it offers to support struggling sectors. "If we cut taxes further, like we did on diesel sales, all the foregone revenues will be compensated by spending cuts or other taxes," said Mantega. Energy Secretary Ernest Moniz said he expected to have a "fair amount of action" during 2013 in evaluating applications by companies to export natural gas from the United States.

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