Analysts cheered a draft statement from the Centers for Medicare and Medicaid Services (CMS) that said the government plans to pay for prostate cancer treatment Provenge, made by Seattle-based biotechnology firm Dendreon. Provenge, which is made from patients’ own cells, aims to teach the body to fight off tumor cells. ...
By Blake Ellis, staff reporterMarch 31, 2011: 5:17 AM ET NEW YORK (CNNMoney) — Feel like you’re working long hours just to fork over your hard-earned dollars to the IRS? Americans will spend an average of 28% of their income to pay federal, state and local taxes this year, the ...
By Julianne Pepitone, staff reporterMarch 31, 2011: 7:18 AM ET NEW YORK (CNNMoney) — David Sokol, widely regarded as being on the short list to replace Warren Buffett, has resigned as chairman of several Berkshire Hathaway subsidiaries. Buffett’s press release about the news Wednesday came in the form of an ...
MANDURIA, Italy — Under dark rain clouds on Tuesday afternoon, a group of about 10 immigrants hopped the thin wire fence surrounding the makeshift tent camp here and made a run for it into a silvery olive grove and the freedom of Italy beyond. Perhaps they could have just walked. ...
SEATTLE — Microsoft Corp co-founder Paul Allen has accused his former business partner Bill Gates of plotting to dilute Allen’s stake in the world’s largest software company before he left in 1983, and tried to buy his share of the company on the cheap. Allen, who now runs a Seattle-based investment ...
NEW YORK — Telecommunications companies led a broad stock rally Wednesday following a report that private companies are continuing to add workers. All ten sectors of the benchmark Standard & Poor’s 500 index rose. AT&T Inc. led the 30 stocks that make up the Dow Jones industrial average with a 2.2 ...
TOKYO: Japan’s Nikkei average rose 1.5 per cent on Thursday, adding to solid gains the previous day, as strong US data bolstered the global outlook and a weaker yen boosted exporters. Shares of Tokyo Electric Power Co , the owner of the quake-stricken nuclear plant, jumped 12 per cent, lifting ...
FRANCES AND JIM LANGERFELD know exactly how much they spent as newlyweds in August 1968. Rent for their house: $115. Groceries at Publix: $12.26. A suit for Mr. Langerfeld: $62.68. It is all meticulously detailed in an orange budgeting book that Mrs. Langerfeld pulled from her garage one recent evening. ...
Julia Gillard will push ahead with corporate tax cuts funded by the MRRT, despite the Greens opposition. WAYNE Swan yesterday rejected a Greens demand that he dump a planned one percentage point cut in corporate tax, saying governments could not spread opportunity without aiding economic growth. Attacking a proposal by ...
CHEMGENEX Pharmaceuticals has assured shareholders its friendly takeover by Cephalon is safe, after a $US5.7 billion ($5.3bn) bid for its suitor sent shivers through the market. ChemGenex, which was a market darling on Tuesday, rising 53 per cent, yesterday said Cephalon was obliged to proceed with its offer despite receiving ...
Ginsburg: Scourge of the trial bar? Image via Wikipedia In what must be a distressing trend for trial lawyers, U.S. Supreme Court Justice Ruth Bader Ginsburg penned a unanimous decision, released today, that rejected private lawsuits over alleged drug overpricing.
Click chart for more bond market data.By Blake Ellis, staff reporterMarch 29, 2011: 5:19 PM ET NEW YORK (CNNMoney) — The municipal bond market is headed for its worst quarter in a decade, as investors fear cash-strapped states and cities across the country are on the brink of default, and ...
By Julianne Pepitone, staff reporterMarch 29, 2011: 7:17 PM ET NEW YORK (CNNMoney) — Time Warner acknowledged to the Securities and Exchange Commission Tuesday that Charlie Sheen is suing its Warner Bros. unit for $100 million. Time Warner disclosed to the SEC that Sheen and 9th Step Productions filed the ...
PARIS — “I am a woman, a Socialist, divorced and agnostic,” the new defense minister told the generals of her Roman Catholic country. “But we will work together very well.” Michelle Bachelet, who in 2002 became Chile’s first female defense minister and four years later the country’s first female president, ...
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Photonica via Getty Images file By Rob Neill, business producer at msnbc.com When was the last time you were in a record store? Yeah, we can’t remember either (maybe it was December, but that was to buy concert tickets). Market research firm IBISWorld.com analyzed its database of 700 industries and ...
NEW YORK — Stocks finished broadly higher Tuesday after consumer confidence fell less than some analysts had feared. All 10 company groups that make up the S&P 500 index rose by more than 0.3 percent. The S&P 500 rose 9.25 points, or 0.7 percent, to 1,319.44. The Dow Jones industrial average ...
