Hot Business Topics
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 […]
Filed under: finance, technology by Forest
Comments Off
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 […]
Filed under: finance, technology by Forest
Comments Off
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 […]
In the U.S., the planned takeover of NYSE Euronext by Germany’s Deutsche Boerse made waves because it means ceding the storied trading floor on 11 Wall Street to foreign control.
But in Europe, tradition has almost no role to play in reviews of the deal. Regulators are focused instead on how to handle a new company […]
Invoking the Arab Spring, the Palestinian president on Wednesday urged his people to take to the streets for massive rallies in support of his government’s bid to get the U.N. to recognize an independent Palestinian state.
The call by President Mahmoud Abbas for peaceful, “popular resistance” throughout the West Bank was likely to fuel Israeli concerns […]
Both Missouri and Illinois suffered in the Great Recession. Now they’re falling behind in the recovery.
Economic growth was slower than average in both states in 2010, and is expected to stay that way for years to come, according to a pair of new reports out Tuesday.
The Commerce Department said that Missouri’s economy grew a little […]
Australia’s economy probably shrank last quarter by the most in two decades as floods inundated coal mines and farmland, a contraction the central bank sees as temporary before growth rebounds in the second half of the year.
First-quarter gross domestic product fell 1.1 percent from the previous three months, the biggest drop since Australia’s last […]
Shareholders of Rock-Tenn Co. and Smurfit-Stone Container Corp. on Friday approved a merger just a week after a judge ruled against Smurfit-Stone investors who had tried to block the $3.5 billion deal.
Stockholders of both companies approved the merger by overwhelming margins, the companies said.
Shareholders’ approval completed Rock-Tenn’s purchase of Smurfit-Stone, now a wholly owned subsidiary […]