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Novartis Clinches Alcon In $12.9 Bln Deal

Novartis AG headquarters in Basel, Switzerland
Swiss drug maker Novartis will pay $12.9 billion to buy the remaining shares of Alcon it doesn't already own to broaden its presence in the booming eye-care market, which is expected to outgrow the pharmaceuticals market in coming years.
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An honor guard trumpeter plays during the ceremony on the ninth anniversary of the 9/11 attacks at the site of Ground Zero in New York September 11, 2010.

Lawmakers tangle on Zadroga bill

The partisan tensions surrounding the healthcare and compensation bill for sick Ground Zero workers today broke into an open war of words between U.S. Sen. Mike Enzi, R-WY, and two of the bill’s authors.
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Fraudster Madoff's son found dead

US fraudster Bernard Madoff's son has been found dead at his Manhattan apartment in New York, according to US media reports. Police suspect that forty six-year-old Mark Madoff, could have committed suicide.
Terrestar Bankruptcy

TerreStar, Creditors Spar In Bankruptcy Court

TerreStar Networks will have to wait a bit longer before it can move forward with its hotly contested bankruptcy plan, losing a bid to get its disclosure statement approved quickly.
Founder of the Feal Good Foundation John Feal (center) speaks as Rep. Jerrold Nadler D-NY (left) and Rep. Carolyn Maloney (right, background) look on.

First responders call on Congress to act

Declaring, “This game is not yet over!” Rep. Carolyn Maloney, D-NY, was joined by her Congressional colleague, Rep. Jerrold Nadler, D-NY, a few dozen first responders and about 50 supporters today in Lower Manhattan to demand that Congress pass the health and compensation act for the people who got sick working at Ground Zero in the aftermath of the 9/11 terrorist attacks.
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Value Travel: 8 cheapest Christmas getaways

From the Jamaican beach in Caribbean to the Christians’ Holy Lands, there are many exotic places available for a cheap vacation this holiday season. Here’s a list of 8 most cheap destinations for your Christmas getaways.
Defence Secretary Leon Panetta

U.S. falls behind in foreign languages

Americans are not, in general, proficient in foreign languages. That situation, according to experts, is not good for the nation, not good for humanity, and not good for the individual monolinguist.
U.S. Sen. Kirsten Gillibrand, D-NY, touches the replica police badge of Detective James Zadroga before a news conference calling for the passage of The James Zadroga 9/11 Healthcare and Compensation Act on Capitol Hill in Washington, November 29, 2010.

Senate Republicans block Zadroga bill

Senate Republicans delivered a serious setback to the community of Ground Zero responders and their families today by blocking the Zadroga bill from coming to a vote.
copper

Bullish scenario for copper: rising demand, tightening supply

Having just touched an all-time high in price, demand for copper is expected to be very strong in the coming years, driven primarily by China’s insatiable hunger for commodities of all kinds to support its relentless program of mass urbanization.
A foreclosed home is shown in Chicago

U.S. Home Value Losses Exceed Cost of 12 Iraq Wars

U.S. homes are set to lose more than $1.7 trillion in value during 2010, bringing the total value lost since the market peaked in June 2006 to $9 trillion, which surpassed the cost of 12 Iraq wars, a report said.
New homes in the Library Commons development are shown in Boca Raton

U.S. homes have lost $9-trillion in value since market peak

The value of U.S. homes is expected to decline by more than $1.7 trillion during 2010, following a drop of more than $1 trillion in 2009, according to data from Zillow Real Estate Market Reports. Since the market peak of June 2006, U.S. housing has lost $9-trillion in value.

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