UPDATE 1-Amgen must face lawsuit claiming it hid $10.7 billion tax bill Adds details from decision, case citation, byline By Jonathan Stempel NEW YORK, Sept 30 (Reuters) - A federal judge said Amgen AMGN.O must face a proposed class action accusing the drugmaker of waiting too long to tell shareholders it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes.

Amgen must face lawsuit claiming it hid $10.7 billion tax bill NEW YORK, Sept 30 (Reuters) - A federal judge said Amgen AMGN.O must face a proposed class action accusing the drugmaker of waiting too long to tell shareholders it might owe the Internal Revenue Service $10.7 billion in taxes and penalties. U.S. District Judge John Cronan in Manhattan ruled on Monday that shareholders plausibly alleged they were misled by Amgen's concealing the true extent of its potential liability, and that the om

RPT-BUZZ-U.S. stocks weekly: Streaking in September Repeats from Friday with no changes to text. Updates chart ** S&P 500 .SPX extends winning streak to three weeks, adds 0.6% amid tame inflation data and China stimulus boost .N ** SPX on pace for monthly gain, take that September! ** Dow .DJI and Nasdaq .IXIC also up three consecutive weeks, though the latter still lined up at the velvet rope ** This as benchmark Treasury yield perks up , but can't hold 3-week highs after PCE ** Most sectors fl

BUZZ-U.S. stocks weekly: Streaking in September ** S&P 500 .SPX extends winning streak to three weeks, adds 0.6% amid tame inflation data and China stimulus boost .N ** SPX on pace for monthly gain, take that September! ** Dow .DJI and Nasdaq .IXIC also up three consecutive weeks, though the latter still lined up at the velvet rope ** This as benchmark Treasury yield perks up , but can't hold 3-week highs after PCE ** Most sectors fleet of foot: Materials sprint to front of the pack, while Energ

US STOCKS-Dow closes at record high as tame inflation report also lifts small caps U.S. PCE stands at 2.2% in Aug Russell 2000 index up 0.67% Bristol-Myers gains after schizophrenia drug approval Costco slips after Q4 revenue misses estimates Indexes: Dow up 0.33%, S&P 500 down 0.13%, Nasdaq down 0.39% Updates with 4:23 pm ET By Echo Wang Sept 27 (Reuters) - T he blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rat