Merck & Co. was found conducting its own studies of the drug Vioxx, using names of scientific authors and writing academic articles, according to two documents from the Journal of the American Medical Association.
Merrill Lynch, Inc, is expected to report a loss for the first quarter of the year on Thursday, and is also expected to write down several billion dollars' worth of securities linked to the falling housing market, along with markdowns related to mono-line bond insurer and leveraged buyouts.
Washington Mutual Inc. reported a first-quarter loss of $1.14 billion late Tuesday, as the lender continues to suffer from the mortgage meltdown and credit crisis.
Comcast Corp, the top U.S. cable operator, said on Tuesday it will partner with a second file-sharing company Pando Networks as it tries to avoid a criticism over its controversial management of Internet traffic on its broadband network.
Charles Schwab Corp, the discount brokerage said on Tuesday its earnings from continuing operations rose 29 percent, spurred of by a higher-than-expected number of new client sign ups.
Natus Medical Inc., a provider of health products for newborns, said on Tuesday it will acquire SonaMed Corp. by paying for the company in cash.
Research In Motion, maker of BlackBerry, will hold talks with India's government next week on Tuesday, to resolve India's security concerns, in which the country alleges it can't readily monitor BlackBerry services, while many emails sent through BlackBerry devices are not easily traceable.
AstraZeneca PLC, the second- largest drug manufacturer in the U.K., said on Tuesday it has entered into a settlement agreement with Indian generics maker Ranbaxy Laboratories Ltd to conclude a lawsuit over a patent infringement case for its Nexium drug.
Apple and Sony reached an agreement on Monday to pay about 1.3 million yen ($12,903) to settle claims that a man was burned after an Apple computer caught fire, which allegedly was caused by a faulty Sony battery.
Siemens said on Tuesday that it had reached an agreement with the representatives of works councils to cut about 1,200 jobs in Germany in an effort to reduce the workforce at the enterprise communications unit.
UBS, the Swiss bank which has taken heavy losses due to the downturn in housing and credit markets, may eliminate about 10 percent of its workforce, according to reports.
Johnson & Johnson, the world's biggest health-products maker, said its profit grew 40 percent in the first quarter, beating expectations as it benefited from its diversity of consumer products and a weak dollar.
U.S. Bancorp, the sixth-largest U.S. bank, said on Tuesday first-quarter profit fell about 3.5 percent, on higher provision for credit losses, but managed to beat earnings estimates by a penny.
Delta and Northwest Airlines shares fell on Tuesday after the Justice Department said it is interested in examining the proposed merger between the two companies, a deal some lawmakers say will tamper with competition.
Bear Stearns, the fifth-largest U.S. investment bank, reported late Monday that its first quarter profit plunged 79 percent just ahead of the confidence crisis which forced a sale of the bank to rival JPMorgan Chase & Co.
J.P. Morgan Chase & Co. is expected to report that its first quarter profit fell by more than 50 percent on Wednesday due to potential additional write-downs, and other expenses related to the tough mortgage market.
Wachovia Corp. investors were hit with a double-whammy on Monday, after the fourth largest U.S. bank reported an unexpected loss for the quarter, cut their dividends, and announced a plan to sell diluted stock.
Healthcare Locums Plc has reported a 108 per cent growth in sales for the full year 2007, from £65 million to £135 million. The company said that its organic like-for-like profit growth rate was up to 21 per cent, a rise from the rate of 16 per cent in 2006.
RM Plc has said that the London Borough of Newham has chosen it to be the ICT supplier for its Building Schools for the Future (BSF) programme, which covers 15 schools in the borough.
Chrysler LLC and Nissan Motor co Ltd said both companies will join a project to manufacture cars for each other, the groups announced on Monday.
Cereal Malt O Meal has been related to the infection of 23 people and 3 hospitalized with signs of Salmonella Agona last week and the U.S. Food and Drugs Administration has announced that at least 14 states reported illnesses .
Delta Air Lines Inc. and Northwest Airlines Corporation officially confirmed it agreement to merge the two carriers, creating America's premier global airline, with a combined enterprise value of $17.7 billion.
Eurostar has reported a rise in revenues of 25.2 per cent to £78.4 million in the first three months of 2008 thanks to a substantial rise in passenger numbers in the period. The train operator said it had 2.17 million passengers (up 21.3 per cent) in the first quarter of the year.
J.C. Flowers has said it will not raise its bid of £3.5 for insurer Friends Provident and is prepared to abandon a takeover deal if Friends Provident do not begin talks by the end of the week.
FGIC Corp. said late Monday it is considering selling itself and has commenced talks with potential investors and other parties regarding strategic alternatives, and said it will reach a decision with the next few weeks.
CapitalSource is acquiring the retail banking operations of Fremont General for $170 million after the troubled lender was hit hard by the subprime mortgage-led crisis.
Vasogen Inc said it will pause the clinical study of Celacade, its lead medical product for the treatment of chronic heart failure and cut 85% of its employees in order to move to another field.
Deutsche Bank is looking to sell a debt of loans of leveraged buyouts to investors and private equity firms, for much less than the $20 billion dollars previously announced, Reuters reported.
General RE Corp. chief executive Joseph Brandon has resigned a week after a report that federal prosecutors have been pressuring corporate parent Berkshire Hathaway Inc. to replace him.
Delta Air Lines and Northwest Airlines are close to announcing a merger agreement as early as Tuesday, according to reports. The proposed deal would create the world's largest carrier, surpassing AMR Corps's American Airlines, and possibly prompt a series of other mergers that could reshape the U.S.
