Archive March 2017

Philip Morris asks for FDA nod to sell heated tobacco device

Philip Morris asks for FDA nod to sell heated tobacco device

Published 31/03/2017

FILE PHOTO: A Marlboro cigarettes pack, a brand of Philip Morris Tobacco, lies next to an empty coffee cup at a cafe in central Sydney June 27, 2011. REUTERS/Daniel Munoz/File Photo

Philip Morris International said on Friday it has applied for pre-market approval of its iQOS heated tobacco product with the U.S. Food and Drug Administration.

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Mylan says EpiPen manufacturing partner to expand device recall

Mylan says EpiPen manufacturing partner to expand device recall

Published 31/03/2017

EpiPen auto-injection epinephrine pens manufactured by Mylan NV pharmaceutical company for use by severe allergy sufferers are seen in Washington, U.S. August 24, 2016. REUTERS/Jim Bourg/File Photo

Generic drugmaker Mylan NV said on Friday that its manufacturing partner for EpiPen devices had expanded a recall of the life-saving allergy shot in the United States and other markets.

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BlackBerry`s profit beats expectations on software push

BlackBerry`s profit beats expectations on software push

Published 31/03/2017

A Blackberry logo hangs behind a Canadian flag at their offices on the day of their annual general meeting for shareholders in Waterloo, Canada June 23, 2015. REUTERS/Mark Blinch/File Photo

BlackBerry Ltd reported better-than-expected adjusted earnings for the sixth straight quarter, as the smartphone pioneer's shift to the higher-margin software business paid off.

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Investors unimpressed by Einhorn`s GM share class plan: survey

Investors unimpressed by Einhorn`s GM share class plan: survey

Published 31/03/2017

File photo: David Einhorn, founder and president of Greenlight Capital, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid

Bayliss

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Pharmacy chain works to help curb opioid epidemic

Pharmacy chain works to help curb opioid epidemic

Published 31/03/2017

By Ronnie Cohen(Reuters Health) - The drugstore chain Walgreens is taking a three-pronged approach to combat the public health crisis stemming from p

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Can grandma help spot autism earlier?

Can grandma help spot autism earlier?

Published 31/03/2017

By Lisa Rapaport(Reuters Health) - Kids with autism who spend a lot of time with their grandmothers may get diagnosed with the disorder at a younger

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Third Avenue in $14.25 million settlement over junk bond fund collapse

Published 31/03/2017

Third Avenue Management and its founder Martin Whitman have reached a $14.25 million settlement of a lawsuit by investors who accused the well-known value investment firm of mismanaging a junk bond mutual fund that collapsed in December 2015.

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Freestanding ERs may give patients sticker shock

Freestanding ERs may give patients sticker shock

Published 31/03/2017

By Lisa Rapaport(Reuters Health) - Care at freestanding emergency departments may cost about 10 times more than similar treatment at urgent care cent

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Extra portion of SpaceX rocket recovered from launch, Musk says

Extra portion of SpaceX rocket recovered from launch, Musk says

Published 31/03/2017

A recycled SpaceX Falcon 9 rocket soars toward space above a Virgin Airlines passenger jet, which had just departed Orlando International Airport, in Orlando, Florida, March 30, 2017. REUTERS/Gregg Newton

Elon Musk’s SpaceX on Thursday salvaged half of the $6 million nosecone of its rocket, in what the space entrepreneur deemed an important feat in the drive to recover more of its launch hardware and cut the cost of space flights.

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Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

Published 31/03/2017

File photo: A stands outside Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque

U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday.

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