Eleven Democratic senators urged Obama to make a final decision on whether to approve TransCanada Corp's Keystone.» Read More
INDIANAPOLIS— With concealed weapons now legal in all 50 states, the National Rifle Association's focus at this week's annual meeting is less about enacting additional state protections than on making sure the permits already issued still apply when the gun owners travel across the country.
April 24- Zimmer Holdings Inc said on Thursday it would buy rival orthopedic products maker Biomet Inc for more than $13 billion, the latest deal in a wave of consolidations in the healthcare industry. The deal is expected to take Zimmer from the fourth-largest seller of orthopedics products to No. 2, behind Johnson& Johnson.
April 24- Eli Lilly and Co reported lower-than-expected quarterly revenue on Thursday, hurt by disappointing sales of its cancer and diabetes drugs, and its shares fell more than 3 percent.
DELPHI CEO RODNEY O'NEAL DECLINES TO ADDRESS ISSUE OF COST TO DELPHI OF GM IGNITION SWITCH RECALL ON ANALYST CONFERENCE CALL.
DELPHI CEO SAYS "WE'RE WORKING VERY CLOSELY AND SEAMLESSLY WITH GM ON THIS ISSUE IN ORDER TO SOLVE THE RAMP-UP ISSUES AND ULTIMATELY GET THIS BEHIND BOTH OF US".
WARSAW, Ind.— Orthopedic device maker Zimmer is buying privately-held Biomet for about $13.35 billion in a move aimed at helping expand its product offerings and services. Zimmer Inc. will pay $10.35 billion in cash and issue shares of its common stock valued at $3 billion to Biomet Inc.' s equity holders.
April 24- U.S. drugmaker Eli Lilly and Co reported lower-than-expected quarterly revenue on Thursday, hurt by disappointing sales of its cancer and diabetes drugs, and trimmed its 2014 profit forecast. Revenue fell 16 percent to $4.68 billion while Wall Street expected $4.8 billion.
NEW YORK, April 23- Ever since they were badly burned in the 2008-2009 stock and bond debacle, investors have been pouring money into so-called "alternative" mutual funds, often at the behest of financial advisers who say those funds will protect them from the fire next time.
That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder with a looming change under the federal health care overhaul. More companies are starting or expanding wellness programs that aim to reduce their medical costs by improving their employees' health.
Swiss drugmaker Novartis AG on Tuesday said it's trading its vaccine business for GlaxoSmithKline Plc's cancer drug business and selling its veterinary drug business to Eli Lilly and Co. Meanwhile, Canadian drugmaker Valeant Pharmaceuticals International Inc. said it teamed up with activist investor Bill Ackman in a bid for Botox maker Allergan that could be worth about $45 billion.
Eli Lilly and Co. received a key regulatory approval for a new cancer treatment Monday evening, but the drugmaker's shares slipped in premarket trading Tuesday after Lilly also announced a $5.4 billion acquisition.
WASHINGTON— Spring's thaw is reviving the economy, too. A recent batch of government and business reports show a U.S. economy emerging from winter's deep freeze. There were ice storms in Georgia.
New York- based Orange Capital, which raised its stake in the company to 4.5 percent, as of April 10, said it was in talks with the company regarding opportunities to maximize shareholder value.
INDIANAPOLIS— The nation's largest solar farm built atop a federal Superfund site is now generating power on a tract of land in Indianapolis tainted by a long-shuttered plant's wood-treating operations.
NEW YORK— Former New York Mayor Michael Bloomberg announced Wednesday that he plans to spend $50 million this year on a new group that will mix campaign contributions with field operations aimed at pulling 1 million gun-control supporters to the polls, adding a new dimension to his long-running fight for tighter firearms regulation.
ST. LOUIS— Most years about this time, northern Illinois farmer Monty Whipple, like so many Midwest growers, would be riding high in his monstrous planter, kicking up dust while sowing corn in hundreds of acres. Farmers in other key corn-producing states— Iowa, Nebraska and Indiana— were equally idle, the USDA says.
JACKSON, Miss.— Southern Co. says it has signed a deal with a state-owned Chinese coal and energy company to work together to develop coal technologies, based in part on the coal gasification and carbon capture technology that Southern subsidiary Mississippi Power Co. is deploying at the $5 billion Kemper County power plant.
INDIANAPOLIS— A company that makes drink mixes and sweeteners says it's planning a $21 million project to add production and distribution facilities in Indianapolis. Carmel- based Heartland Food Products Group announced Monday that it anticipates adding up to 160 jobs in the next few years with the expansion on the north side of Indianapolis.
PHILADELPHIA, April 10- A Philadelphia judge on Thursday set aside most of an arbitration ruling that could have cost the state of Pennsylvania some $180 million from a landmark 1998 settlement with the nation's tobacco companies.
Democratic senators on Thursday urged President Barack Obama to make a final decision on whether to approve TransCanada Corp's Keystone XL crude oil pipeline from Canada to the U.S. Gulf Coast no later than May 31.