More From IBT Staff Reporter
Battle takes shape over U.S. court pick Sotomayor
The battle over U.S. Supreme Court nominee Sonia Sotomayor began to take shape on Wednesday as liberal supporters praised her as an independent legal thinker and conservatives argued she likely would rule based on her emotions rather than established precedent.
May 28, 2009
Although the Health Care Market is Recession-Resistant, It Is Not Recession-Immune
According to Millennium Research Group's (MRG's) Q1 2009 issue of Medtech Economic Quarterly (EQ), the health care and medtech industry has long been considered a recession-resistant segment of the economy; while this may be true, however, it is not recession-immune.
May 28, 2009
$22 Million Initiative Aims to Reverse New Jersey's Nurse Faculty Shortage
To avert a severe nursing shortage that could cause grave harm to patient care in the state, the Robert Wood Johnson Foundation and the New Jersey Chamber of Commerce Foundation today announced a major new initiative designed to ensure that New Jersey will have the nursing workforce it needs to meet its future health care demands.
May 28, 2009
U.S. jobless claims fell 13,000 last week
The number of U.S. workers filing new claims for jobless benefits dropped by 13,000 last week, the Labor Department reported on Thursday, but so-called continued claims hit a new record as the recession took a further toll on job prospects.
May 28, 2009
Aventis Pharmaceutical to Pay U.S. $95.5 Million to Settle False Claims Act Allegations
Aventis Pharmaceutical Inc., a wholly owned subsidiary of sanofi-aventis U.S. LLC, has agreed to pay the United States $95.5 million to settle allegations that it violated the False Claims Act by misreporting drug prices in order to reduce its Medicaid Drug Rebate obligations, the Justice Department announced today.
May 28, 2009
Houston Day Spa Offers Services to Minimize the Effects of Sun Damage
The professionals at Arena Salon & Day Spa know what it takes to become a leading Houston Day Spa and Salon. As the hot summer months approach, there are two objectives to keep clients coming back: looking good and preventing sun damage to the skin.
May 28, 2009
Health-care costs handcuff entrepreneurs
Countless workers in the United States are trapped in jobs they would like to leave because they cannot get health insurance elsewhere, calcifying innovation and mobility in the world's largest economy.
May 28, 2009
GM bondholders support revised bond swap offer
A group of major General Motors Corp bondholders on Thursday gave its support for a revised bond exchange, saying the option of litigation in bankruptcy court was too risky.
May 28, 2009
U.S. durable goods orders rise, jobless claims ease
New orders for long-lasting U.S. manufactured goods saw their biggest gain in 16 months in April and fewer workers filed for new jobless benefits last week, according to data on Thursday that suggested the deep recession was abating.
May 28, 2009
HP says aims to cut 5,700 EMEA jobs
Hewlett-Packard Co said on Thursday it plans to cut 5,700 jobs in its Europe, Middle East and Africa region (EMEA) over the next two years.
May 28, 2009
Canada banks beat expectations, but bad loans rise
Three of Canada's largest banks reported stronger-than-expected results on Thursday even as they set aside more money to cover bad loans and detailed a raft of writedowns for credit and market losses.
May 28, 2009
Debt fears cloud economic recovery picture
The pace of economic decline in western Europe is slowing, data showed on Thursday, though activity is still very subdued and prospects for a global recovery are being hurt by the rising cost of borrowing money.
May 28, 2009
Healthy school lunch efforts face daunting hurdles
School cafeteria meals like low-fat pizzas with whole grain crust don't taste too bad to Paola Villatoro, a 17-year-old at Downtown Magnet High School in Los Angeles.
May 28, 2009
OPEC stays the course, hopes for high prices
OPEC ministers set their sights on oil prices above $70 a barrel as they gathered for talks in Vienna, but they were expected to hold output steady and rely instead on economic recovery to push the market up.
May 28, 2009
Dunkin’ Donuts offers free donut on June 5
Dunkin' Donuts will mark National Donut Day by offering customers a free donut of their choice with the purchase of any beverage.
May 28, 2009
Europe eyes transport for next big emissions cut
Europe's next big move to confront climate change should be to tackle rapidly growing emissions from transport, with more road tolls and greener cars, trains and trucks, a top EU environment official said.
May 28, 2009
U.S. new home sales rose 0.3 percent in April
Sales of newly built U.S. single-family homes rose slightly less than expected in April, a government report showed on Thursday, and the previous month's figures were revised down to show a steeper fall.
May 28, 2009
Q-Cells plans no further refinancing
Q-Cells has no plans to further beef up its balance sheet at the moment, as recent steps have secured its mid-term financing position, the company's chief executive has told Reuters.
May 28, 2009
Two UK firms get U.S. grants for clean fuel technology
British clean-fuel companies Oxford Catalysts Group Plc and PolyFuel Inc were awarded government grants in the United States as part of a move to promote alternative energy sources.
May 28, 2009
Target, Ackman battle comes to vote in Wisconsin
One of the season's highest-profile proxy battles is being put to a vote on Thursday as activist investor William Ackman and Target Corp face off at the retailer's annual meeting.
May 28, 2009
Wall Street set to open higher after key data
Stock index futures pointed to a higher open on Wall Street on Thursday after key government data indicated the recession may be abating while investors eyed a looming bankruptcy for General Motors.
May 28, 2009
iPhone to replace register at Japan university
A Japanese university is giving away Apple Inc's trendy iPhone to students for free, but with a catch: the device will be used to check their attendance.
May 28, 2009
Costco profit just short of view
Costco Wholesale Corp posted a quarterly profit on Thursday that just missed Wall Street expectations, as shoppers cut back on discretionary items like clothes and jewelry.
May 28, 2009
Wired South Korea mourns ex-president online
Many South Koreans are mourning a former president who was popular among youth in cyberspace, with an online gaming company even halt playing for several hours for the funeral on Friday.
May 28, 2009
Videogames get more physical as recession bites
With the recession cutting out some family vacations, gym memberships, and personal trainers, a rash of new videogames designed to let people workout in their living room are hitting the shelves.
May 28, 2009
U.S. April durable goods orders post biggest gain in 16 months
New orders for long-lasting U.S. manufactured goods rose more than expected in April, posting their biggest gain in 16 months, according to government data on Thursday that suggested the recession was winding down.
May 28, 2009
News Corp hopes for broader ad deal with Google
News Corp hopes to sell Google Inc access to a greater swathe of its media properties, its executives said, as an advertising deal between the two companies comes up for renewal.
May 28, 2009
Two U.S. auto parts makers file for Chapter 11
Auto parts makers Visteon Corp and Metaldyne Corp filed for Chapter 11 bankruptcy protection for their U.S. operations, becoming the latest casualties of the global auto industry crisis.
May 28, 2009
Oil holds above $63 as OPEC keeps output unchanged
Oil held above $63 on Thursday after OPEC ministers meeting in Vienna decided, as widely anticipated, to leave the group's crude output unchanged at 24.85 million barrels per day.
May 28, 2009
Two U.S. auto parts makers file Chapter 11
Auto parts makers Visteon Corp and Metaldyne Corp filed for Chapter 11 bankruptcy protection for their U.S. operations, becoming the latest casualties of the global auto industry crisis.
May 28, 2009
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