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Cubist Pharma Shares Hit New High

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Shares of Cubist Pharmaceuticals Inc. (CBST) touched a new 52-week high of $30.02 on Wednesday morning. Optimer Pharmaceuticals Inc. (OPTR) said it has entered an exclusive two-year co-promotion agreement with Cubist to market Dificid in the U.S.
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7. Michigan

Foreclosure deal slowed by infighting: sources

U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.

U.S. yet to decide if Google should rule online travel

The approval for Google’s acquisition of ITA Software for $700 million is still pending from the U.S. Justice Department, as it is considering if the deal will give Google influence over the entire online flight industry.
U.S. President Barack Obama responds to a question during a news conference at the White House in Washington February 15, 2011.

Three items dominate Obama's 2012 Budget

Three items totaling about $2.4 trillion combine for nearly two thirds of President Barack Obama's proposed $3.7 trillion 2012 fiscal year budget.
Daniel Patrick Boyd is escorted into the Wake County Public Safety Center after appearing at a detention hearing at the Terry Sanford Federal Building and Courthouse in Raleigh North Carolina August 4, 2009.

North Carolina man trained in Pak pleads guilty to 'jihad' charges

Daniel Patrick Boyd, a U.S. citizen and resident of North Carolina, has pleaded guilty in a federal court to charges of conspiracy to provide material support to terrorists and conspiracy to murder, kidnap, maim, and injure persons in a foreign country, the U.S. Department of Justice (DOJ) said.
Supporters of the religious and political party Jamaat-e-Islami take part in a protest rally against U.S. citizen

Obama calls for release of U.S. prisoner in Pakistan

U.S. President Barack Obama said on Tuesday Pakistan must respect the diplomatic immunity of a U.S. consular employee jailed for shooting dead two Pakistanis, in a case straining ties between the allies.
Bharara describes insider trading charges against three hedge fund portfolio managers and one hedge fund analyst during a news conference in New York

Ex-SAC Capital employees charged in trading probe

A investigation into allegations of insider trading in the hedge fund industry for the first time reached former employees of billionaire trader Steven A. Cohen's SAC Capital Advisors.
Denise Jameson wears costume to remind people of income tax filing in San Francisco

U.S. starts new offshore amnesty for tax cheats

Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program with reduced penalties, the government said on Tuesday.
Fast, Fresh Food is Winning

U.S. fast food caught in immigration crosshairs

Chipotle Mexican Grill (CMG.N) has a lot going for it -- an upscale burrito concept, a hip and eco-friendly image, expansion plans galore and a 500 percent-plus stock price gain in just over two years.
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Superbowl a magnet for under-age sex trade

Pimps will traffic thousands of under-age prostitutes to Texas for Sunday's Super Bowl, hoping to do business with men arriving for the big game with money to burn, child rights advocates said.
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Mylan, Pfizer settle patent disputes over Lipitor, Caduet

U.S. generic drug maker Mylan Inc has settled two U.S. patent disputes with global pharma giant Pfizer Inc, which will enable the former to sell the generic versions of cholesterol drug Lipitor and combination blood pressure and cholesterol treatment Caduet.

Ghailani sentenced to life for role in 1998 African Embassies bombing

Ahmed Khalfan Ghailani, who played a vital role in the 1998 al Qaeda bomb attacks on U.S. embassies in Kenya and Tanzania that killed 224 people including 12 Americans and wounded thousands of others, has been sentenced to life by a Manhattan federal court.

Internet Data Retention law will help catch criminals, Justice Dept. tells U.S. Congress

The Department of Justice was reprimanded today by the U.S. Congress for suggesting the necessity of the Internet Data Retention legislation, which if passed would require Internet Service Providers (ISPs) to preserve records of user activity longer, but failing to provide more details on how it could aid in criminal investigations.

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