IBT Staff Reporter

113821-113850 (out of 154944)

J&J to cut 6-7 percent of workforce in restructuring

Johnson & Johnson will eliminate about 6 percent to 7 percent of its global workforce, or some 7,000 to 8,000 positions, as the diversified healthcare company restructures and seeks cost savings, the company said on Tuesday.

Sticking to evidence on stomach bugs could save $1B

When it comes to treating kids for acute gastroenteritis - an infection of the stomach - many children's hospitals in the U.S. are ignoring evidence-based guidelines - and costing the health care system more than $1 billion in unnecessary spending, according to the authors of a new study.

Wall Street falls at open on banks

U.S. stocks fell at the open on Tuesday as concerns over European banks outweighed a deal by Warren Buffett's Berkshire Hathaway to buy railroad company Burlington Northern.

MasterCard posts Q3 profit as costs fall

MasterCard Inc reported higher-than-expected quarterly earnings on Tuesday as the world's second-largest credit card network raised fees to banks and cut expenses, while consumers used their debit cards more.

China's economy powering syphilis spread

China is experiencing an epidemic of syphilis, a sexually transmitted disease that the country virtually wiped out in the 1960s, a senior public health official was quoted as saying on Tuesday.

Many doctors overuse Pap testing: survey

Many U.S. primary care doctors are out of step with guidelines on Pap testing for cervical cancer -- largely because they overuse the test, according to a study published Monday.

China 3G stirs up mobile Internet frenzy

China's recent roll out of 3G mobile services is creating a land grab among its Internet firms, old and new alike, salivating over a mobile Internet market the size of the U.S. and Europe combined.

Merkel to press US on climate in speech to Congress

German Chancellor Angela Merkel is expected to urge the United States to take bold action to combat global warming in a speech to a joint session of Congress on Tuesday, a month before a U.N. climate summit.

U.S. commercial property up in 3rd quarter

The prices of investment-grade commercial real estate rose more than 4 percent in the third quarter, possibly signaling an end to the sector's year-long downward spiral, according to an leading property index released on Tuesday.

China urged to adopt tougher C02 target

Swedish Prime Minister Fredrik Reinfeldt called on China to set a tougher target of cutting greenhouse gas emissions after 2020 as its part of a U.N. climate change agreement to be negotiated in Copenhagen.

Lloyds, RBS agree to massive shake-up

Britain's two largest retail lenders are to get another 31 billion pounds from the government and have agreed to sell hundreds of branches and key businesses to appease EU competition concerns over state aid.

Viacom profit up with box office and The Beatles

Viacom Inc. quarterly profit breezed past expectations as consumers set aside money worries to scoop up the new Beatles video game and buy tickets for box-office hits like Transformers and G.I. Joe.

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