Regeneron Announces Strong Results In Gout Study

Regeneron Pharmaceuticals of Tarrytown, N.Y., announced positive results from a second late-stage clinical trial showing that its drug Arcalyst, currently approved for a rare disease, can treat gout, a much more lucrative opportunity.

Credit cards from hell

The Applied Bank Unsecured Visa Gold Card advertises a $500 line of credit and charges you an annual fee of $125 for the privilege. After the first year, that fee jumps to $180. Plus, the interest rate on the card is a high 29.99%. “Not only do they have one ...

SEC casts wide net in private stock trading probe

The SEC is probing secondary market exchanges and at least three investment funds, including GreenCrest Capital.By Julianne Pepitone, staff reporterFebruary 27, 2011: 9:59 PM ET NEW YORK (CNNMoney) — You can’t buy shares of Facebook yet, but that hasn’t stopped wealthy individuals and investment funds from snapping up its stock ...

Refugee Agency Speaks of ‘Humanitarian Emergency’ on Libya’s Borders

PARIS — The United Nations refugee agency says almost 100,000 people have fled Libya’s fighting to neighboring Tunisia and Egypt in what it called a humanitarian emergency. The numbers seem to have increased over the weekend as armed rebel forces moved closer to a showdown with Col. Muammar el-Qaddafi and ...

Union bargaining a dream for many state workers

JACKSON, Miss. — Whenever Mississippi Gov. Haley Barbour has asked lawmakers to weaken benefits for state employees, his proposals have met little resistance from workers. Mississippi is among those states — many in the South — where most government employees do not have the right to collective bargaining, the benefit that ...

Wall Street wonders if last week’s tumble is over

NEW YORK — On Wall Street they wonder: Was that it? Is the pullback over? Following the S&P 500′s worst week in almost four months, investors are trying to determine whether the predictions of a correction have been fulfilled or if there’s still downside ahead as oil prices remain at elevated ...

Mkt looks for positive surprises to beat gloom

MUMBAI: Investors will closely eye proposals in the Union Budget to compliment the government’s upbeat economic growth projections for 2011-12 for cues on the Indian stock market, currently grappling with high inflation and surging global crude oil prices amid political tensions in the Middle East and North Africa. Stock investors ...

NAB boss tips steady turnaround

CAMERON Clyne is banking on a compressed turnaround of National Australia Bank, to be delivered less than five years from his start as chief executive in January 2009. Mr Clyne, who revealed that NAB’s then share price of $20.40 was written at the top of every page in his diary, ...

James K. Glassman on the pros and cons of buying commodities

Commodity investing is suddenly all the rage. And no wonder. Demand for energy, metals, food and all sorts of other staples is booming as half the world – China, India and other developing nations – enters the ranks of the prosperous. In 2010, the price of oil rose 15 percent; ...

Could the Wisconsin Union Standoff Trigger Significant Medicaid Reform?

Yesterday, Christopher Weaver of Kaiser Health News published an interesting story on Wisconsin Gov. Scott Walker’s “budget repair” bill, which passed the Wisconsin Assembly on Friday morning. One of the most important and interesting aspects of the budget repair bill is what it could mean for Wisconsin’s Medicaid program.

The Lands Autocracy Won’t Quit

MOSCOW — Let the Middle East and North Africa be buffeted by populist discontent over repressive governments. Here in Lenin’s former territory, across the expanse of the old Soviet Union, rulers with iron fists still have the upper hand. Their endurance serves as a sobering counterpoint for anyone presuming that ...

Warren Buffett remains optimistic about U.S. future

OMAHA, Neb. — Billionaire Warren Buffett wants Americans to be optimistic about the country’s future but wary about borrowing money and the games public companies play with profit numbers they report. Buffett said in his annual letter to Berkshire Hathaway shareholders Saturday that he still believes America’s best days are ahead. ...

How to manage your loan portfolio efficiently? Check out

Text: Kavita Sriram, ET Bureau Gone are the days when an individual’s portfolio meant his life’s savings, assets and investments. As lending rates softened from double-digit highs to single digits, borrowing to buy property, consumer durables, vehicles and meet exigencies became a norm. We have moved away from the ...

Bucks: What Do All of Your Tax Breaks Add Up To?

February 25, 2011, 4:52 pmBy RON LIEBER In this weekend’s Your Money column, I take a look at all of the tax breaks that I gladly take advantage of that don’t come with income caps. They include things like the $10,000 New York state tax deduction for 529 college savings ...

Warren Buffett remains optimistic about US future

OMAHA, Neb. — Billionaire Warren Buffett wants Americans to be optimistic about the country’s future but wary about borrowing money and the games public companies play with profit numbers they report. Buffett said in his annual letter to Berkshire Hathaway shareholders Saturday that he still believes America’s best days are ...

Mylan Faces Generic Industry’s Future [Video]

Feb. 252011 – 4:33 pm | 377 views | 0 recommendations| As big pharma faces what analysts call the patent cliff — a period when big sellers like Pfizer’s Lipitor and Eli Lilly’s Zyprexa are going generic. Generic drug makers like Mylan, Watson Pharmaceuticals, and Teva all stand to benefit, ...

Does your resume make you look old?

Check out this resume after it’s been redone by Wendy S. Enelow, an executive resume writer/career consultant.By Elaine Pofeldt, contributorFebruary 25, 2011: 2:36 PM ET (MONEY Magazine) — Been applying for work and have little to show for it? Don’t assume the lousy job market is solely to blame. Your ...