Most interesting finance and busines news.
AstraZeneca’s new pill Brilinta for preventing heart attacks works better than Plavix, the world’s second biggest selling drug, without increasing the amount of life-threatening bleeding, researchers said on Sunday.
The positive clinical trial result should ensure the blood thinner wins a slice of the Plavix market, worth $9 billion last year, and is likely to […]
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President Dmitry Medvedev says the Russian economy will rebound faster than expected. An audience of government officials and executives meeting at the weekend mainly agreed, while demurring on the shape of the recovery.
“I expect the Russian economy, as one of these rapidly developing markets, to overcome its problems more quickly than had perhaps […]
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The Philippine government said it may cut its 2009 economic target and widen the budget-deficit estimate a third time this year after growth slowed to the weakest pace in a decade last quarter.
A deficit of about 250 billion pesos ($5.3 billion) or 3 percent of gross domestic product “is something that we might […]
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Tired of quality problems at Asian factories, Fenton-based Tacony Corp. is moving the manufacture of two vacuum cleaner models to its plant in St. James, Mo.
The plant will add 20 jobs as the models are brought on line this summer. The St. James plant now employs 120 people.
Joy Petty, Tacony marketing director, […]
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Indian Prime Minister Manmohan Singh, who began his second term this week, may set a record for selling state assets as he revives efforts that were foiled by his former communist allies, bankers and analysts said.
The new administration could start by resuming share sale plans for NHPC Ltd., India’s largest producer of electricity […]
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China’s consumer prices fell for a third month on food and commodities, aiding government efforts to boost spending in the world’s third-biggest economy.
Prices dropped 1.5 percent in April from a year earlier, after falling 1.2 percent in March, the statistics bureau said today. The median estimate in a Bloomberg News survey of 21 […]
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German investor confidence probably turned positive for the first time in almost two years in April after stock markets rallied on government and central bank efforts to revive economic growth, a survey of economists shows.
The ZEW Center for European Economic Research will say its index of investor and analyst expectations rose to 2 […]
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Nearly a third of U.S. consumers feel it will be a year before their families are better off than they are today, and more than a quarter think it will take longer, according to a retail survey on behalf of Reuters.
Findings from the survey by America’s Research Group released on Tuesday pointed to tough […]
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Why do CEOs need extravagant perks even when they are firing staff and pleading for taxpayer bailouts? It may just be in their makeup, experts say.
It takes arrogance and narcissism to become leader of a Fortune 500 company. Those same traits, however, have become their undoing during the deepest recession in decades.
U.S. President Barack […]
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The biggest U.S. banks may face the threat of lower profits or pressure to break up under greater regulation following the financial crisis.
Federal Reserve officials have made tackling the issue of firms that are too big to fail a priority. Options may include banning or restricting activities that could threaten the stability of […]
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