Source: BBC Drugs giant Johnson & Johnson (J&J) has been ordered by a US judge to pay $1.1bn (£690m) for downplaying the risks involved in taking its anti-psychotic drug Risperdal. The state of Arkansas sued J&J and its subsidiary Janssen Pharmaceuticals over its marketing of the drug in 2007. A number of […]
Source: Associated Press Author: Sinan Salaheddin BAGHDAD (AP) — Iraq’s self-ruled Kurdish region has halted oil exports over a payment row with the central government in Baghdad, the latest dispute in a long-troubled relationship between the two administrations. Furious over the move, Baghdad on Monday accused the Kurdistan Regional Government […]
Starbucks Corp expects China to become its second-biggest retail market measured by the number of its stores by 2014, following just behind the United States in that regard, said a company executive. John Culver, president of Starbucks China and Asia Pacific, said the coffee chain is planning to move faster […]
Greater engagement with Asia will play a key strategic role in China’s opening-up policy, Vice-Premier Li Keqiang said on Monday. Promoting growth will provide sound and sustainable development for the region, Li said at the opening ceremony of the annual meeting of the Boao Forum for Asia. As the largest […]
China, the world’s biggest cigarette market, may suffer slower economic growth because of cancer and other chronic diseases that are hurting the labor force, Minister of Health Chen Zhu said. Read More…
Source: bitrebels I’ve been waiting for this to happen, and it finally has. If you think about it, doesn’t it seem inefficient forsupermarkets to store their groceries in several different stores around town? Doesn’t […]
Source: Philippine News HANOVER – With all the frantic deal-making and head-spinning gadgets at the world’s top IT fair, it is perhaps no surprise that a chair promising the benefit of two hours sleep in 20 minutes drew big queues. The “brainLight” system, which its makers claim is unique, uses […]
Source: CNNMoney A resigning Goldman Sachs exec says the firm’s environment is “toxic” in a scathing op-ed piece in The New York Times. NEW YORK (CNNMoney) — A Goldman Sachs executive has resigned in a very public manner — calling the firm “toxic” and disrespectful of its clients in […]
The measures used to overcome the Asian financial crisis should not be overlooked by Europe. by Stephen S. Roach, who is Non Executive Chairman of Morgan Stanley Asia and author of The Next Asia. (AlJazeera) New Haven, CT – The austerity debate was the topic du jour at this year’s […]
AMMAN – The Syrian lira has rapidly been losing value versus the Jordanian dinar over the past weeks, reaching 117 liras per JD1 record low on Thursday, money changers said. […]
Forget Europe — the weak U.S. recovery puts more than 750 domestic banks at risk of failure, according to a report from Invictus Consulting Group (via Business Wire). Invictus, which stress tested all FDIC-insured banks, says 758 lenders could collapse in the next three years, forecasting a new wave of borrower defaults in the absence […]
Sorry Bank of America, but this is just so funny. Funny or Die made a video poking fun at Bank of America for flip-flopping on their $5 debit card fee. Basically, the video collects a bunch of “personal stories” from “BofA customers” about how the bank treated them. Read more:
A criminal record is usually not the kind of qualification most employers have in mind when looking for new hires. But some managers know that formerly incarcerated employees can add value to their companies. Mark Peters, CEO of Butterball Farms, Inc., a national supplier of specialty butters, regularly hires former prisoners […]