* A federal advisory committee cleared the way on Thursday for the first approval of a cancer drug that would be used to treat patients before surgery to remove their tumors. The advisory committee to the Food and Drug Administration voted 13 to 0, with one abstention, that Perjeta, a Genentech drug approved last year for late-stage breast cancer, could also be used at the disease's earliest stage. ()
* A federal judge approved American Airlines' bankruptcy plan on Thursday but ruled that the decision was contingent on Justice Department approval of the carrier's merger with US Airways Group Inc. ()
* On Thursday, Hilton Hotels filed for an initial public offering, seeking to raise $1.25 billion. When it begins to trade, Hilton could be valued at around $30 billion. ()
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