IBT Staff Reporter

Pfizer Inc. will pay Avant Immunotherapeutics's Celldex Therapeutics Inc. unit to acquire the exclusive global license of a brain cancer vaccine treatment which is currently in Phase 2 development, the companies announced late Wednesday.

By Jon A Nones SEATTLE (ResourceInvestor.com): The VM Group reported on Tuesday that the platinum market will remain in a deficit of 360,800 ounces in 2008, although down from 412,400 ounces...

SLM Corp, a student lender also known as Sallie Mae, reported a first quarter net loss as its income from the sale of student loans in tight credit markets disappeared.

By Dr Ron Paul There has been much talk in the media recently about the Federal Reserve and the actions it has taken over the past few months, writes US Congressman Ron Paul.Many news pund...

Greg McCoach, editor of Mining Speculator and President of AmeriGold, likes owning the physical metal. In this article, the second of a three part interview (see Part I) Greg tells us why. In Part Th...

By Emanuel Balarie With all the talk about housing, a declining US Dollar, and the inevitable recession, many people may be overlooking a potentially more devastating economic factor, writes...

Gilead Sciences Inc. reported on Wednesday its first quarter earnings rose 22 percent relying mostly on sales of its drug for AIDS treatment.

JC. Penney Co., the third largest U.S. department store chain, said it will open fewer new stores this year than originally planned and it will increase its efforts to attract frugal shoppers away from rivals by revising its marketing pitch and adding new brands.

Online auctioneer eBay Inc. posted a 22 percent rise in first-quarter on Wednesday, beating analyst expectations, with its revamped website adding buyers for the first time in a year and favorable currency rates.

German energy company E.ON has said it may be in the running for a possible takeover of nuclear power company British Energy. British Energy has become a takeover target thanks to its struggle with rising costs, which forced the company to close a number of its plants last year.

The Advertising Standards Authority (ASA) has said that budget airline easyJet broke advertising rules by increasing its fares after advertising a 25 per cent discount on its routes.

The Office for National Statistics (ONS) released new figures on Wednesday showing a rise in average earnings of 3.7 per cent in the three months to February 2008. The figure was slightly lower than the 3.9 per cent rise recorded for the three months to January.

Apple and Starbucks launched a new program, 'Pick of the Week', that allows Starbucks customers to download free music and music videos each week from iTunes Store.

Shares of Talbots Inc., the women's clothing department store, plunged more than 30 percent on Wednesday, a day after the company announced it had lost $265 million in credit.

Boston Scientific Corp. will purchase CryoCor Inc. for $17.6 million or $1.35 a share the company said on Wednesday.

Eli Lilly & Co. said on Wednesday it may cut 500 jobs as the company makes more efficient manufacturing operations in Indianapolis, its home city.

Beijing-based New Oriental Education and Technology Group Inc., a provider of private educational services in China, reported better-than-expected quarterly results on an increase in student enrollments.

Crude and gasoline prices rose on Wednesday after a report from the U.S. Energy Department showed declines in supplies the last week.

A pair of the largest U.S. banks reported that profits in the first quarter fell due to the housing downturn but they still managed to beat Wall Street analysts' expectations sending shares higher.

U.S. stocks rallied on Wednesday on upbeat earnings results from Intel Corp. and financial giant J.P. Morgan Chase gave new hopes that companies are still making money while the U.S. economy takes a downturn.

Time of the Year If winter is the Most Wonderful Time of the Year as the popular song implies, it may not be too much of a surprise that gasoline consumers find the spring and summer anything but w...

Gold futures rose to its highest level in two weeks after the U.S. dollar fell to a new low against the euro. Silver also ended with gains.

European stocks rose early on Wednesday, with the FTSEurofirst 300 index increasing 1.0 per cent to 1,294.42 points.

JJB Sports Plc has reported a drop of 28.5 per cent in full year profits for the full year 2007. The sports retailer said that its total pre-tax profits fell from £47.2 million down to £33.8 million last year.

Sugar posted the highest gains in more than four weeks after crude oil surged increasing demand for sugar cane as an alternative source of fuel such as ethanol.

Coffee gained for the third straight day boosted by the declining dollar that made commodities traded in New York more attractive for investors holding other currencies, coupled with low bean exports from Brazil.

China's Hong Kong based Cathay Pacific Airways Ltd. is planning to increase flights to India to meet the rising throughput between Hong Kong and India, the company announced on Wednesday.

AMR Corp, parent of the No. 1 U.S. carrier American Airlines, reported a first-quarter loss of $328 million on Wednesday, led by record high fuel costs.

Abbot Laboratories Inc. reported on Wednesday its earnings in the first quarter of 2008 rose 34 percent off strong sales of its medical products abroad.