Dec 17- French telecom group Orange SA confirmed on Wednesday that it has been sued in California by San Francisco- based startup Telesocial in an intellectual property case, but said that the startup's claims were unfounded. Orange said Telesocial has already taken the company to two French courts including the Paris Court of Appeal based on the same...» Read More
LONDON-- Europe's top drug regulator announced Tuesday it is taking action against pharmaceutical giant Roche for allegedly failing to properly report the side effects of 19 drugs being used by U.S. patients. It is the first time the European Medicines Agency has begun a so-called `infringement proceeding' against a drug maker.
HONOLULU-- The U.S. Department of Agriculture says a Honolulu company is recalling more than 4,000 pounds of ground beef products distributed to Oahu restaurants because the products may be contaminated with E. coli.
Like other tobacco companies, Reynolds American Inc., the second-biggest U.S. cigarette maker, has ventured into smokeless tobacco and other nicotine products as tax increases, health concerns, smoking bans and stigma cut into demand for cigarettes. In 2009, Reynolds bought Swedish company Niconovum AB, which makes nicotine gum, pouches and spray products.
SAXONBURG, Pa.-- II-VI Inc. posted a 32 percent decline in net income for the first quarter as customers delayed orders for engineered materials and optical components in the shaky global economy. The company earned $12.7 million, or 20 cents per share, down from $18.7 million, or 30 cents per share, in the same quarter last year.
CONCORD, N.H.-- New Hampshire health officials are testing fish in various parts of the state to see if there are elevated levels of radiation following a 2010 tritium leak at Entergy Corp.' s Vermont Yankee nuclear plant.
NEW YORK-- Toy company Jakks-Pacific Inc. reported a 13 percent drop in third-quarter net income as it grappled with costs of fighting off a take-over attempt and weak sales. The company, which makes toys under such brands as Cabbage Patch Kids and Hello Kitty, said it earned $30.4 million, or $1.10 per share in the three months ended Sept. 30.
BALTIMORE-- A federal judge has ruled that Baltimore County's pension system discriminated against beneficiaries because older workers were required to pay more toward their retirement than younger workers. District Judge Benson Everett Legg agreed that the county system violated the Age Discrimination in Employment Act.
DUBAI, United Arab Emirates-- The Dubai- based developer of the world's tallest building reported a nearly 5 percent drop in net profit Tuesday, citing a seasonal slowdown, but said the balance sheet for the year remained strong.
Columbia University, which administers the prizes, announced Tuesday that Steve Coll, Quiara Alegria Hudes and Aminda Marques Gonzalez were joining the board. Pulitzer Prize-winning journalist and author Coll is a staff writer for The New Yorker magazine.
CHICAGO-- Illinois will share part of an $11 million payment as part of an agreement with insurance giant American International Group Inc.. The announcement was made Monday by Illinois Department of Insurance Director Andrew Boron. Illinois was among seven lead states that started discussions with the company.
NEW ORLEANS-- The U.S. Small Business Administration will close three recovery centers in Louisiana that were opened to help residents affected by Hurricane Isaac.
LONDON-- Stocks suffered one of their worst sessions in weeks on Tuesday following another batch of weak U.S. corporate earnings and uncertainty over the outcome of the race for the White House. Downbeat updates on Tuesday from chemical company DuPont and manufacturer 3 M added to the prevailing uncertainty.
MADISON, Wis.-- September was a good month for dairy farmers in Wisconsin and Minnesota, where gains in milk production were among the best in the nation. The U.S. Department of Agriculture says Wisconsin harvested 2.2 billion pounds last month. Wisconsin is the nation's second-leading milk producer behind California.
3 M, which makes everything from Scotch tape to coatings for LCD screens and is an economic bellwether, reduced its profit expectations for this year because of "current economic realities." Xerox plunged 8 percent, or 56 cents, to $6.47.
PORTLAND, Maine-- Southwest Airlines Co. says it will fly to Baltimore-Washington International Airport when it begins service next spring out of Portland, Maine. The airline says it will initially offer nonstop flights each day between Portland International Jetport and Baltimore-Washington when it starts flying out of Portland on April 14.
STRASBOURG, France-- The European Commission says an additional 9 billion is needed to meet all of the EU's commitments in the 2012 budget. But 5.9 billion will have to come from member states, some of whom are cutting their budgets because of Europe's financial crisis.
HARTFORD, Conn.-- Third-quarter operating profit, United Technologies Corp. businesses, change from 3 Q 2011:. 2012 2011 Change Percent change. UTC Aerospace 271 204 67 33.
ROCHESTER, N.Y.-- Wegmans Food Markets Inc. says it's recalling a brownie mix after reports from two consumers about allergic reactions to undeclared milk in the product.
3 M Co.' s industrial and transportation division is its biggest, and like a lot of 3 M's other businesses it tracks the economy's ups and downs. On 3 M's conference call on Tuesday, its executives were asked what demand they're seeing in that area.