13 July 2007 13:00 [Source: ICIS news]
Drug industry fights switch to epilepsy generics
Drug makers face patent expiration in the next few years on four epilepsy drugs that generate $5bn (€3.6bn) in sales annually. The industry is fighting the switch to generics by increasingly paying attention to a group it hasn't lobbied much in the past: state legislators.
Dow soars to new record despite unease
The Dow industrials surged 283.86, or 2.1%, to a record 13,861.73, their biggest gain in nearly four years. The rally was sparked by Rio Tinto's planned deal for Alcan and the release of retail sales figures.
Senators feel heat over pay rise
A fight between a St Croix radio broadcaster and a group of Virgin Islands senators shows what can happen when mainland Americans bring a more abrasive brand of criticism to a place where politicians have cosier ties with their electorate.
Money & Investing
Loan slump may crimp buyout wave
In a snag that is complicating the deal wave, the market for risky bank loans, which has stood strong even as other markets went through bouts of turmoil the past few years, is hitting speed bumps.
Mr Volatility and the swan
Nassim Nicholas Taleb was last seen holstering his trading guns in 2004 after his hedge fund, Empirica Capital LLC, posted several years of lacklustre returns when the fund's bets on a market swoon failed to pay off as stocks rose steadily.
Indexes soar as investors shake
The stock market roared back to record territory as investors decided that, for now at least, their worst fears haven't come true.
Tax loopholes sweeten a deal for Blackstone
The Blackstone Group, the big buyout firm, has devised a way for its partners to effectively avoid paying taxes on $3.7bn (€2.6bn), the bulk of what it raised last month from selling shares to the public.
Bush distorts Al-Qaeda links, critics assert
In rebuffing calls to bring troops home from
Alcan gets $38bn takeover bid
The mining company Rio Tinto made a sizable and friendly $38.1bn (€27bn) offer for Alcan, the Canadian aluminum producer, on Thursday, easily pushing aside an earlier $27.5bn hostile bid from Alcoa.
A Chinese food and drug official betrays his cause and pays
Zheng Xiaoyu once ranked as one of the most powerful regulators in
As the war debate heats up, stagnant air is in the forecast
He lamented, in his own way, that he is unloved these days and reflected on the "war fatigue" that has gripped his country. He looked forward to the day, not so long from now, when he will retire to his
Commuting Libby's sentence 'fair,' Bush says
President Bush acknowledged for the first time yesterday that "somebody" in his administration leaked the name of an undercover intelligence officer but declined to say whether he was disappointed in such an action and contended that it is time to move on.
Records on Wall Street
Stock markets roar upward led by the Dow Jones industrial average, which rode good retail news to record highs, showing its biggest one-day gain in nearly four years.
Western-style capitalism, but with a Russian accent
Russians are embracing capitalism of the sort in Western Europe or
US House votes to pull troops out of
The Iraqi government is achieving only spotty military and political progress, the administration of
Change tune on war, PM told
The Harper government has been told to stop referring to “fighting terrorism” and the 11 September attacks, and to banish the phrase “cut and run” from its vocabulary if it is to persuade a skeptical public that the military mission in
There was a brief moment Thursday, about halfway through a press conference to announce Rio Tinto PLC's record $38.1bn (€27bn) takeover of Alcan Inc, where Dick Evans looked as though he might blush.
Beijing quits pipeline, blasts Ottawa
Finalist with finesse
Government takes on Clarín
Cabinet Chief Alberto Fernandez yesterday dismissed a barrage of charges of malfeasance and fraud against Environmental Secretary Romina Picolotti, calling them “idiocies” published by a “pseudo-journalist” of the newspaper Clarin in a “clear political manoeuvre.”
Taxi drivers formed long lines at service stations yesterday amid shortages of compressed natural gas (GNC) for cars, a popular alternative to petrol.
($1 = €0.73)
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