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Roche to slash 4,800 jobs amid healthcare cost pressures

Roche
Swiss pharma giant Roche said it plans to cut 4,800 jobs worldwide over the next two years due to mounting cost pressures in healthcare -particularly in the US and Europe - and increasing hurdles for the approval and pricing of new medicines.
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Standpoint Research starts Cisco with 'buy'

Standpoint Research has initiated coverage on Cisco Systems with a 'buy' rating and a price target of $24 and analyst Ronnie Moas said the market has overreacted to the company's weak outlook.
Mel Gibson Bipolar Disorder

Oksana gets her monthly bills paid

At the recent custody case of Mel Gibson and Oksana Grigorieva the Los Angeles court judge ordered Mel to pay child support for his daughter.
A home for sale is seen in Los Angeles, California

'Robo-signers' effect: U.S. foreclosures dip in Oct

Home foreclosures in the U.S. in October fell by 9 percent primarily because some major banks temporarily froze foreclosure proceedings and delayed sales of foreclosed properties nationwide after being criticized for shoddy paperwork, according to real estate data company RealtyTrac.
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Nvidia profit view raised at FBR

FBR Capital Markets raised its profit estimate and price target of Nvidia (NVDA), a day after the graphics chip maker reported third quarter earnings that topped Wall Street estimates.
Metropolitan Washington Police Officers stand around a mobile crime lab in Rock Creek Park in Washington, May 22, 2002 and (inset) Chandra Levy

Chandra Levy murder trial Day 9: Prosecutors drop some charges, rest case

After a long gap, the trial of Ingmar Guandique, who has been accused of murdering federal intern Chandra Levy, resumed on Wednesday and took a sudden turn with the prosecutors resting their case after abruptly dropping two charges against Guandique because a prison inmate has refused to testify against him, even as a FBI forensic expert claimed he had found former Congressman Gary Condit's DNA on Levy's underwear.
SAP grills Oracle as Apotheker absent from trial

Oracle-SAP Trial Gets Ugly

The SAP-Oracle trial has taken some interesting twists and the end result could be damaging to both companies.
U.S. Federal Reserve Chairman Ben Bernanke listens to questions as he testifies before a House Financial Services hearing on the "Monetary Policy and the State of the Economy" on Capitol Hill in Washington

What exactly is QE2?

Michael Yoshikami, president and chief investment officer of YCMNET Advisors in Walnut Creek, Calif. discusses what exactly QE is, why it may be needed and its potential impact.
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Private sector job cuts raise Fed easing chance

U.S. private employers unexpectedly shed jobs in September, reinforcing the belief that the U.S. Federal Reserve will embark on another round of monetary policy stimulus to support the economic recovery as early as next month.
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Lawmakers seek foreclosure investigations

California Democrats in the House of Representatives are calling for federal investigations into whether financial institutions broke any laws in their handling of foreclosures in the midst of the housing crisis.
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Sen. Menendez raises foreclosure moratorium idea

An influential U.S. senator on Tuesday raised the prospect of an industry-wide moratorium on foreclosures as he pressed three banks accused of fraudulent practices to outline steps they are taking to fix their procedures.
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New method could make IVF more effective

Researchers using a microscope and time-lapse photography believe they have developed a method for predicting which test-tube embryos are the most likely to develop properly, and are licensing development of a commercial test.
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Ohio asks courts to review GMAC foreclosures

Fallout over GMAC Mortgage's foreclosure practices deepened on Tuesday as Ohio's top law enforcement official asked courts in that state to review all foreclosure cases involving the Ally Financial Inc unit.

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