By MARIA CHENGAP Medical Writer
LONDON (AP) - Europe's top drug regulator announced Tuesday it is taking action against pharmaceutical giant Roche for allegedly failing to properly report the side effects of 19 drugs being used by U.S. patients.
It is the first time the European Medicines
By MICHAEL FELBERBAUMAP Tobacco Writer
RICHMOND, Va. (AP) - Reynolds American Inc.'s third-quarter profit grew nearly 7 percent as higher prices and smokeless tobacco gains helped offset a decline in the number of cigarettes it sold.
The nation's second-biggest tobacco company on
By RANDALL CHASEAP Business Writer
DOVER, Del. (AP) - Chemical maker the DuPont Co. will cut 1,500 jobs and take other steps to increase competitiveness after a third quarter in which earnings fell sharply.
The Wilmington, Del.-based company reported net income of $10 million Tuesday, or a
By JON GAMBRELLAssociated Press
LAGOS, Nigeria (AP) - Royal Dutch Shell PLC warned Tuesday that it won't be able to make its estimated production for two types of oil pumped from Nigeria, largely blaming attacks on its pipelines by thieves wanting to steal crude.
Shell said in a statement
By NATALIYA VASILYEVAAssociated Press
MOSCOW (AP) - Russian oil company Rosneft said it could make up to $5 billion in savings when it combines its operations with those of its takeover target TNK-BP, the chief executive said Tuesday.
The state-owned company on Monday unveiled a deal to buy TNK
By SINAN SALAHEDDINAssociated Press
BAGHDAD (AP) - Iraq on Tuesday inked a multi-million dollar deal with South Korea's KOGAS that will set in motion the building of two key gas pipelines in the country's north - the latest step by Baghdad to develop dilapidated infrastructure to meet
HELSINKI (AP) - Nokia Corp. is planning to raise €750 million ($980 million) via an issue of bonds as part of an effort to build up its reserves ahead of next month's launch of phones running Microsoft's new Windows 8 software.
The launch is a hugely important event for the struggling
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Asian stock markets fell Wednesday following a slew of bleak U.S. corporate results, but losses were cushioned by a report suggesting China's manufacturing slump may be bottoming out.
HSBC Corp. said its monthly purchasing managers index
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Six weeks ago, the Federal Reserve unveiled its latest plan to invigorate the U.S. economy. This week, the Fed will likely send a simple message:
Give that plan time to work.
No major announcements are expected when the Fed's latest
By PABLO GORONDIAssociated Press
The price of oil fell below $88 a barrel Tuesday as the impending reopening of a key pipeline in North America and concerns about slowing economic growth overcame rising Middle East supply risks.
By early afternoon in Europe, benchmark oil for December delivery