WASHINGTON, Thursday – Johnson & Johnson’s immense recall of faulty medicines, including a the uneventful buyback of its Motrin painkiller, has infuriated U.S. lawmakers who will question the company’s chief executive and a senior health regulator on Thursday. J&J has recalled millions of bottles of possibly spoiled over-the-counter medicines such as Children’s Tylenol and Benadryl, [...]
Sep 30 2010 | Posted in
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PARIS-French drugs maker Sanofi-Aventis has chosen New Jersey-based contract research company Covance Inc. as a collaborator for research and development in a 10-year in a deal that could be worth up to $2.2 billion. Under the contract, Covance will supply R&D for Sanofi in the fields of toxicology, chemistry and clinical phase I through phase [...]
Sep 30 2010 | Posted in
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PARIS— Thursday, Alan Mulally, Ford Motor Co. Chief Executive said the car maker anticipates to start selling Lincoln cars and trucks around the globe in the next four to five years. The Dearborn, Mich.-based auto maker is in the middle of repairing the flagging U.S. premium line. Mr. Mulally said he expects restoration of Lincoln at [...]
Sep 30 2010 | Posted in
Automotive |
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According to Rolls-Royce Group Plc statement, Chief Executive Officer, John Rose will leave by the end of March. John Rishton, incoming Rolls-Royce Group Plc CEO, will start with like terms to Rose, including a 850,000-pound salary, said to the company. Rolls-Royce Group Plc Chief Executive Officer John Rose who has directed the company for 14 years [...]
Sep 30 2010 | Posted in
Automotive |
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Federal Labor Agency in Berlin reported the jobless rate was down from 7.6 percent in August to 7.2 percent in September with reported 3.031 million people unemployed in August. On Thursday, data showed Germany’s unemployment rate plunged down as the Europe’s strengthening economy helped the labor market recover quickly. Employment statistics improve in September as [...]
Sep 30 2010 | Posted in
Finance |
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Wednesday, J.P. Morgan Chase, one of the nation’s leading banks, announced that it will hit pause on foreclosures in approximately half the country due of faulty paperwork. Wall Street analysts said that the move will pressure the rest of the industry to follow suit. The bank’s verdict will affect 56,000 borrowers in 23 states where [...]
Sep 30 2010 | Posted in
Real Estate |
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Models in scanty clothing were once major part of car shows all over the world but as a number of women buying cars increased, car manufacturers are slowly changing their selling approach. While some sportscar manufacturers are still using sexy models to promote their cars, many carmakers are slowly portraying a more responsible, inclusive image [...]
Sep 30 2010 | Posted in
Automotive |
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Almost one in every four U.S. homes sold in the second quarter was an extremely discounted foreclosed house, placing the market on pace to work through distressed properties in about three years, said RealtyTrac. Banks increased foreclosures through the summer and will capture a record 1.2 million homes this year, increased from last year’s 1 [...]
Sep 30 2010 | Posted in
Real Estate |
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WASHINGTON—Fisher-Price is recalling not less than 10 million tricycles, toys and high chairs due to safety issues. Thursday, the Consumer Product Safety Commission said that two of the goods recalled were implicated for injuries. Agency said that in the use of Trikes and Tough Trikes toddler, there had been 10 reports of children being hurt [...]
Sep 30 2010 | Posted in
Business |
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Rumor that Japanese Officials had meddled in the foreign exchange market to weaken the yen drove the currency sharply lower versus the dollar. The dollar at first jumped 1.3 per cent to Y85.38 in response to market talk that the Bank of Japan had re- Nine days ago, the central bank made its first official intervention [...]
Sep 24 2010 | Posted in
Finance |
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