Home About Sitemap

Mystery Medicine For Alzheimers May Yield Expansion For Pfizer

February 2nd, 2010

Market | ,

Medivation Inc., the start-up that persuaded Pfizer Inc., the worlds biggest drugmaker, to help develop Dimebon, may be ready to release new research data during the first week of March, said Bengt Winblad, head of Alzheimers research at the Karolinska Institute in Stockholm and a leader of the European trials for the product. The study may confirm a 2008 finding in Russia that patients functioned better and thought more clearly after swallowing Dimebon tablets three times a day.
The data augur a make-or-break moment for San Francisco- - - - - >



Click here to continue reading "Mystery Medicine For Alzheimers May Yield Expansion For Pfizer"



Madoff Trustee Sues Madoff Family For Nearly $200m

October 3rd, 2009

Invest | ,

The trustee, Irving Picard, sought $198.7 million from Madoffs brother, Peter, who had worked at Madoffs Manhattan investment company since 1965, and sons, Mark and Andrew.
Also sued was Shana D. Madoff, Bernard Madoffs niece and Peter Madoffs daughter.
Bernard Madoff, 71, a former Nasdaq chairman, is serving a 150-year sentence for the fraud in connection with a multibillion-dollar Ponzi scheme. No other family members have been criminally charged. The lawsuit said the defendants at least should have seen signs of irregularity and fraud at the company “but either failed to make sufficient inquiry or knew of the fraud, ignored it, and - - - - >



Click here to continue reading "Madoff Trustee Sues Madoff Family For Nearly $200m"



Sec Watchdog: Bureau Mishandled Madoff Questions

September 2nd, 2009

Invest | ,

But SEC inspector general David Kotzs report found no evidence of any improper ties between agency officials and Madoff.
Despite speculation that senior SEC officials may have tried to influence the probes, a summary of Kotzs 450-page report released Wednesday also found no evidence of that.
The SEC enforcement staff, conducting investigations of Madoffs business, “almost immediately caught (him) in lies and misrepresentations, but failed to follow up on inconsistencies” and rejected whistleblowers offers to provide additional evidence, the report says.
Revelations in December of the agencys failure to uncover Madoffs massive Ponzi scheme over more than a decade touched off one of - - - - >



Click here to continue reading "Sec Watchdog: Bureau Mishandled Madoff Questions"



Apple Highest Grossing Retailer On Fifth Avenue as Crowds Swell

August 24th, 2009

Retail | ,

At Fifth Avenue and Fifty-Ninth Street, the noon-day line on Aug. 11 snaked out the front door. More than a dozen people waited to buy an iPhone, which runs from $99 to $299, plus at least another $70 a month for a service plan. Every computer, seat and station was occupied by a visitor to midtown Manhattan.
Apple, based in Cupertino, California, increased revenue at its stores by 2.5 percent in the first six months of the year to $3 billion as the rest of the retail - - - - >



Click here to continue reading "Apple Highest Grossing Retailer On Fifth Avenue as Crowds Swell"



Schumer Presses Sec For Ban On Unfair High-frequency Trades

July 25th, 2009

Stock | ,

Schumers letter to SEC Chairman Mary Schapiro yesterday raised the stakes in a debate over the practice offered by Nasdaq OMX Group Inc., Bats Global Markets and Direct Edge Holdings LLC, which handle more than two-thirds of the shares traded in the U.S. With flash orders, exchanges wait up to half a second before they publish bids and offers on competing platforms, giving their own customers an opportunity to gauge demand before other traders.
“This kind of unfair access seriously compromises the integrity of our markets and - - - - >



Click here to continue reading "Schumer Presses Sec For Ban On Unfair High-frequency Trades"



For Lease: Office With River Views, Madoff Stigma

July 9th, 2009

Invest | ,

The agents - already there for more than six months - say the chore is so daunting, they need to stay in the Manhattan skyscraper at least another year.
And by the way: They intend to hang on to the copy machine.
The former headquarters of Bernard Madoff are a home away from home for the FBI and, as of July 1, a leasing opportunity for any potential tenant who can stomach its status as ground zero of the largest securities swindle in history.
“Some people may see a stigma associated with it,” building manager Russell Freeman said on a recent tour of - - - - >



Click here to continue reading "For Lease: Office With River Views, Madoff Stigma"



Apple Should Disclose Transplant When Jobs Stays Ceo, Experts Say

June 22nd, 2009

Health | ,

Jobs, a cancer survivor, went on medical leave in January after saying he wanted to take himself out of the limelight and focus on his health. He had a liver transplant about two months ago, according to a person familiar with the matter.
While Apples directors dont need to give updates on Jobss health while he is on leave, that could change if he comes back as CEO, said Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. - - - - >



Click here to continue reading "Apple Should Disclose Transplant When Jobs Stays Ceo, Experts Say"



Intel May Face Record Fine, Rebate Ban In Eu Antitrust Case

May 11th, 2009

Computer | ,

The European Commission will rule this week on charges that Intel impeded competition and harmed consumers by muscling out Advanced Micro Devices Inc. from the chip market. The penalty could double the record 497 million-euro fine against Microsoft Corp. in 2004 for abusing its monopoly in personal computer operating systems, said Thomas Graf, an antitrust lawyer at Cleary, Gottlieb, Steen & Hamilton LLP in Brussels.
“There is a good chance that there could be a record fine for an abuse of dominance case, and that it could - - - - >



Click here to continue reading "Intel May Face Record Fine, Rebate Ban In Eu Antitrust Case"



News Corp. Third-quarter Revenue Rises; Sales Miss Estimates

May 6th, 2009

News | ,

Net income advanced to $2.73 billion, or $1.04 a share, from $2.69 billion, or 91 cents, a year ago, the New York-based company said today in a statement. Sales declined to $7.37 billion in the period ended Dec. 31, short of the $7.66 billion average estimate of 15 analysts surveyed by Bloomberg.
Chairman and Chief Executive Officer Rupert Murdoch reduced expenses at units including the TV stations amid a more severe advertising slump than expected. Time Warner Inc., Walt Disney Co. and Viacom Inc. - - - - >



Click here to continue reading "News Corp. Third-quarter Revenue Rises; Sales Miss Estimates"



News Corp. Third-quarter Revenue Rises; Sales Miss Estimates

May 6th, 2009

News | ,

Net income advanced to $2.73 billion, or $1.04 a share, from $2.69 billion, or 91 cents, a year ago, the New York-based company said today in a statement. Sales declined to $7.37 billion in the period ended Dec. 31, short of the $7.66 billion average estimate of 15 analysts surveyed by Bloomberg.
Chairman and Chief Executive Officer Rupert Murdoch reduced expenses at units including the TV stations amid a more severe advertising slump than expected. Time Warner Inc., Walt Disney Co. and Viacom Inc. - - - - >



Click here to continue reading "News Corp. Third-quarter Revenue Rises; Sales Miss Estimates"