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Pfizer Inc.’s just-approved drug Xalkori, the first new medicine in more than six years for deadly lung cancer, proves the value of precisely targeting rare diseases linked to gene variants, cancer specialists and Pfizer executives said Tuesday.
The drug was approved Friday in the U.S. along with a companion diagnostic test for just a small subset […]
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Sino Forest Corp. says its chief executive has resigned as Canadian regulators investigate fraud allegations against the Hong Kong-based company following claims it exaggerated the size of its forest holdings in China.
Three other employees were temporarily suspended, said a company statement released Sunday in Canada, where its shares are traded on the Toronto Stock Exchange. […]
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Tiffany & Co.’s net income jumped 30 percent in the second quarter, led by strong growth overseas as high-income shoppers continued to be drawn to its jewelry and other goods.
The New York company’s results handily beat Wall Street’s expectations, and it raised its full-year profit forecast on the better-than-expected performance. Tiffany’s stock surged $3.88, or […]
Asian stock markets sank Friday as investors waited to see if Federal Reserve Chairman Ben Bernanke unveils new steps to help the U.S. economy ward off another recession.
Japan’s Nikkei 225 slipped 0.1 percent to 8,766.54. Hong Kong’s Hang Seng gave up early gains and dipped 0.1 percent to 19,735.33 while Australia’s S&P/ASX 200 was 0.3 […]
Companies ordered more aircraft and autos last month, driving up demand for long-lasting manufactured goods. But outside those categories, businesses invested less in durable goods.
The Commerce Department says orders for durable goods rose 4 percent in July, the biggest increase since March. Demand for autos and auto parts jumped 11.5 percent, the most in eight […]
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An Aug. 20 article about the drug hydrocodone erroneously stated how many times a prescription can be refilled under federal law. It can be refilled five times after the initial dispensation, not six. The article also should have made clear that federal law says controlled medicines must be kept in a locked cabinet unless the […]
One-time tropical storm Harvey is bringing heavy rains to parts of Guatemala and eastern Mexico after weakening early Sunday to a tropical depression.
The U.S. National Hurricane Center in Miami said early Sunday that Harvey weakened to a depression and was about 75 miles (120 kilometers) west-northwest of Flores, Guatemala, moving west at 14 mph (22 […]
Lenovo Group, the world’s No. 3 personal computer manufacturer, said Thursday its profit in the latest quarter nearly doubled on strong sales in emerging markets.
Profit for the three months ending June 30 was $108 million, or 1.11 U.S. cents per share, up 98 percent from a year ago, the company said. It said sales rose […]
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Gross domestic product, the labour market, industrial production, housing starts
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British police have charged a 16-year-old boy with murdering a retiree who was attacked by rioters in London last week.
The boy, who can’t be named because of his age, is accused of killing 68-year-old Richard Bowes.
Bowes was found lying in a street during riots in Ealing, west London, on Aug. 8. He died of head […]
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