Texas man set to be executed for murder over $100 debt

By Karen Brooks AUSTIN, Texas (Reuters) – A Texas man who stabbed another man to death when he failed to pay back a $100 debt to an exotic dancer is scheduled to be executed on Thursday. The execution of Arturo Diaz by lethal injection is to take place after 6 p.m. CT (2300 GMT) in Huntsville, according to the Death Penalty Information Center. It would be the 13th execution this year in Texas and the 27th in the United States. …

Nektar Therapeutics pain drug for knee arthritis fails study

(Reuters) – Nektar Therapeutics said its experimental drug to treat chronic pain in patients with arthritis of the knee failed to meet its main goal in a mid-stage clinical trial. The drugmaker’s shares fell nearly 30 percent in extended trading on Thursday. The study failed mainly because patients on placebo did not show the expected increase in pain scores observed in similar studies, Nektar said in a statement. This lack of a placebo rebound was “unusual,” the company said. Half the 213 patients in the study were dosed with Nektar’s NKTR-181 drug, while the other half was given a placebo. …

SEC says big Ponzi scheme targeted investors in Japan

MRI International's company plate is seen at an entrance of the building where MRI International is located at in TokyoBy Jonathan Stempel (Reuters) – The Securities and Exchange Commission said it has uncovered an "extensive and egregious" Ponzi scheme run by a Las Vegas executive who raised more than $800 million from thousands of investors, mainly from Japan, over nearly 15 years. A federal judge this month imposed an asset freeze requested by the SEC against the defendants Edwin Fujinaga and his firm MRI International Ltd, court papers show. The regulator said Fujinaga, 66, and MRI promised to buy accounts receivable from U.S. …

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