Bayer plans to Recall remaining Trasylol from U.S. market, FDA says
Bayer AG plans to recall the remaining supplies of its drug Trasylol for blood clotting from the U.S. market according to the Food and Drug Administration.
MedAssets Inc. reported on Wednesday its first-quarter profit surpassed analyst's expectations.
MedAssets Inc. reported on Wednesday its first-quarter profit surpassed analyst's expectations.
Tech stocks rise but pare gains on late-session selloff
Technology stocks advanced on Wednesday but lost earlier gains after a late session sell-off.
Nissan Motor to Raise Vehicle Prices in Japan: Report
Nissan Motor Co. is planning to raise its vehicle prices in Japan in a bid to pass along higher raw-material costs, according to a Japanese media report.
Dollar holds gains versus yen as stocks rise
The dollar was little changed against the yen on Thursday holding on to gains from yesterday as U.S. stocks rose on consumer prices which rose less than expected, alleviating inflation worries.
Icahn to Lead Fight Against Yahoo Board: Report
Billionaire investor Carl Icahn reportedly has decided to move ahead with plans to run a dissident board slate at Yahoo Inc in an attempt to pressure the company into restarting negotiations with Microsoft Corp.
General Electric Plans Sale of Appliance Unit: Report
General Electric Co. is considering selling or divesting itself of its appliances business, the Wall Street Journal said on its website late Wednesday.
Delta Air Lines Pilots OK Northwest Takeover
Delta Air Lines said Wednesday its pilots had cleared merger plans with Northwest Airlines, removing a possible hurdle of labor disruptions and allowing the companies to create the largest US carrier.
China's shanghai stock index up 2.7 percent
Shanghai Stock Exchange composite Index (SSE) gained 97.2 points, or 2.7 percent, to reach 3,657.4 on Wednesday. Shenzhen Stock Exchange component index gained 29.2 points, or 2.63 percent, to reach 1,139.1 percent.
Geron's Spinal Cord Injury put on Hold by FDA
Geron Corp. the developer of biopharmaceuticals for cancer and chronic degenerative diseases treatments said U.S. regulators put a clinical hold to its investigational cell therapy for spinal cord injury.
Ford Recalls 650,000 F-150s, Lincoln Trucks with Faulty Brake Hose
Ford Motor Co. is recalling about 50,000 Ford F-150 and Lincoln Mark LT pickup trucks in Canada due to a problem that can cause the vehicles to lose braking power.
UBS shakes up investment bank management, risk controls
UBS on Wednesday announced management changes within its investment bank unit and also altered the organization of its risk control operations.
Vioxx Verdict of $7.75 Million Overturned by Texas Court
A Texas appeals court overturned a verdict of $7.75 million against Merck & Co. related to the painkiller Vioxx.
FTSE rises early on Wednesday
The FTSE 100 share index was up early on Wednesday. By 9:06am the index had risen 8.9 points to 6,220.7 (up 0.1 per cent).
Japan Stocks Continued to Rise on Stregthening Shanghai Shares
Tokyo stocks continued to rise for the third-straight day Wednesday due to a weaker yen against U.S. dollar and rebounding Shanghai equities.
Copper Falls on Fears of Slowing Demand, Dollar Jumps
Copper prices fell on Wednesday as investors fear higher prices may weaken global demand and the dollar was gained, lowering the demand for commodities.
Clear Channel, Suitors, Lenders Prepare Way for Merger
Clear Channel Communications Inc. and the banks that agreed to finance its highly leveraged buy-out were able to enter into a settlement agreement ending lawsuit proceedings previously filed in New York State Supreme Court and Bexar County District Court.
MySpace Wins $234 Million in Anti-Spam Case
A Federal judge in Los Angeles ruled in favor of MySpace, awarding the social networking site $230 million judgment related to junk messages sent to its members, according to a report.
Natus Medical Plans to Offer $3.5 Million Common Shares
Natus Medical Inc. developer and manufacturer of medical devices fore newborns said Tuesday it is planning to make a public offering of 3.5 million common shares.
Whole Food Shares Drop over 8 Pct as Profit Falls 13 Pct
Whole Foods Market Inc. beat analysts estimates despite reporting a 13 percent decline in its fiscal second-quarter profit on charges related to the acquisition of rival Wild Oats Markets for $565 million in 2007.
Techs Stocks Edge Higher as HP falls, Yahoo Rises
Technology stocks rose slightly on Tuesday on as Hewlett-Packard shares sank after announcing it would acquire EDS and a report that activist investor Car Icahn is mulling a proxy fight for making changes to the board of directors at Yahoo.
Dollar gains on surprising retail sales, Yellen's comments
The dollar gained against the euro and yen on Wednesday after reports of better than expected retail sales in the U.S. and comments from a Federal Reserve official boosted the currency's strength.
JM Smucker Acquired Knott's Berry Farm from ConAgra Foods
J.M. Smucker Company reported on Tuesday it has acquired the Knott's Berry Farm from ConAgra Foods, Inc. for an undisclosed amount.
Craigslist Fires Back at eBay With Lawsuit
Online classifieds leader Craigslist.com filed a countersuit on Tuesday against business rival eBay, accusing the company of using its minority stake in Craigslist to gain access to trade secrets.
Immucor Replies to FDA Warning Letter, Shares Fall near 5 Pct
Immucor Inc. replied on Tuesday to a warning letter from the Food and Drug Administration that pointed out problems of manufacturing practices in the company.
Copper Prices Fall as Dollar rallies on Retail Sales Data
Copper prices fell slightly on Tuesday as the dollar rallied against the euro on better U.S. retail sales data, but prices may rise on supply concerns from South America.
Liberty agrees to IAC breakup, drops legal action
Liberty Media Corp. and IAC/InterActiveCorp announced on Tuesday they had resolved their dispute over the proposed breakup of IAC.
Microsoft MessengerTV Launches in 20 Countries
Software giant Microsoft Corp launched a new online service in 20 countries on Tuesday that allow users to watch video clips at the same time as a network of friends while chatting via Windows Live Messenger.
Moody's says MBIA, Ambac losses raise concern about top level credit ratings
Rating agency Moody's Investors Services said today that bond insurers MBIA Inc and Ambac Financial Group Inc had meaningfully higher losses than expected within their asset backed portfolios relative to their top-level Aaa rating.
Oil Hits record as Iran Reviews Plan to Cut Output, Lack of Supplies
Crude oil prices rose on Tuesday to a new of $127 a barrel after Iran said it is reviewing a plan to cut output and renewed concerns that refiners are not satisfying demand of distillate fuels including heating oil.