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Pfizer trims 2012 sales view and cuts R&D spending

Pfizer Inc cut its sales forecast for 2012, the first full year its $10 billion-a-year Lipitor cholesterol fighter faces cheaper U.S. generics, but slashed its research budget to keep its profit view intact that year.
An welder works on a section of a Pelamis wave energy converter at their factory in Edinburgh, Scotland.

UK manufacturing PMI hits record high in January

Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.
Particle debris in Jupiter's atmosphere is seen after an object hurtled into the atmosphere on July 19, 2009, in these infrared images obtained from NASA's Infrared Telescope Facility in Mauna Kea, Hawaii, and released by NASA January 26, 2011.

Huge asteroid strike on Jupiter stokes fears of 'complex and violent’ solar system

A huge asteroid the size of the Titanic has struck Jupiter, leaving a hole as large as the Pacific Ocean and causing temperatures to rise up to 4 Kelvin, scientists have confirmed. The July 2009 crash, which released the equivalent of five gigatons of TNT, had perplexed astronomers. But with the new findings, published in the journal Icarus, the mystery behind the huge scar on Jupiter is resolved.
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Salvation Army charity probed for fraud

The UK charity fundraising regulator, Fundraising Standards Board, has launched an investigation into the Salvation Army over complaints that they charity may have lied to donors about the use of profits generated from sales of second-hand clothes.

Death toll in Egypt grows amid violent clashes

The death toll in Egypt rose by as much as over 100 by Saturday, as anti-government protests extended for the fifth day in an attempt to pressure President Hosni Mubarak to step down.
New Royal Decree Gives Saudi Women Political Rights

Saudi king expresses support for Mubarak

Saudi Arabia’s state news agency reported that King Abdullah bin Abdulaziz al-Saud criticized the protestors (claiming they are instigated by infiltrators) and strongly backed Mubarak
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Euro zone crisis seen turning corner

European policymakers and international bankers at the Davos forum said on Saturday the euro zone's debt crisis had turned a corner and any doubt about the survival of the single currency area had passed.

Egypt protests curb travel to Cairo

With the exception of popular tourist resorts by the Red Sea, Pyramids of Giza and the Great Sphinx, nations issue travel alerts to avoid visiting Cairo and other Egyptian cities.

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