Pfizer to pay record $2.3 billion to settle charges
Pfizer Inc agreed on Wednesday to plead guilty to a U.S. criminal charge relating to promotion of its now-withdrawn Bextra pain medicine and will pay a record $2.3 billion to settle allegations it improperly marketed 13 medicines. Read Full Article here.
U.S. private job losses, planned layoffs fall
The United States lost fewer private sector jobs in August than in the prior month while companies also planned fewer layoffs, suggesting modest improvement in the beleaguered U.S. labor market. Read Full Article here.
Bailed-out bankers to get options windfall: study
As shares of bailed-out banks bottomed out earlier this year, stock options were awarded to their top executives, setting them up for millions of dollars in profit as prices rebounded, according to a report released on Wednesday. Read Full Article here.
BP makes giant oil find in Gulf of Mexico
Oil major BP Plc said it has made an oil discovery in the Gulf of Mexico, which analysts believe could contain over 1 billion barrels of recoverable reserves, reaffirming the Gulf's strategic importance to the industry. Read Full Article here.
Nokia bolsters phone lineup
Nokia on Wednesday bolstered its smartphone line-up to better compete with Apple and said a $820 laptop will lead its foray into the fiercely-competitive PC market. Read Full Article here.
Digi-novel combines book, movie and website
Is it a book? Is it a movie? Is it a website?Actually it's all three. Anthony Zuiker, creator of the CSI: Crime Scene Investigation U.S. television series, is releasing what he calls a digi-novel combining all three media -- and giving a jolt to traditional book publishing. Read Full Article here.