WASHINGTON (AP) - The Justice Department says Pfizer Inc. will pay $55 million to resolve allegations that its subsidiary Wyeth LLC promoted the drug Protonix for uses that were not approved by the Food and Drug Administration.
In a written statement from its New York office, Pfizer, which acquired
NEW YORK (AP) - Oil traders got what they wanted Wednesday: another big move by the Federal Reserve to stimulate the slow-growing U.S. economy.
The Fed said it will spend $85 billion a month to sustain an aggressive drive to keep long-term interest rates low. It also plans to keep a key short-term
DOHA, Qatar (AP) - Qatar's state-backed natural gas producer says it has signed a long-term supply deal with Thailand's national energy company. It's part of the Gulf nation's expanding reach into Asia.
The 20-year deal by Qatargas follows other significant agreements with Asian
By By GEORGE JAHNAssociated Press
VIENNA (AP) - OPEC ministers agreed to keep their daily crude production target unchanged at a meeting Wednesday. But in a sign of internal rivalries, they failed to reach consensus on a new secretary general, a post sought by Saudi Arabia, Iran and resurgent
By By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Warren Buffett's company paid $1.2 billion to repurchase 9,200 Class A shares from the estate of a longtime shareholder, and Berkshire Hathaway said Wednesday that its board approved paying higher prices for future buybacks.
By By STEVE ROTHWELLAP Business Writer
NEW YORK (AP) - Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out.
The Dow Jones industrial average closed down 2.99 points at 13,245.45. It had risen as much as
NEW YORK (AP) - Stocks are opening higher on Wall Street as investors await news on whether the Federal Reserve will announce more bond purchases to stimulate the U.S. economy.
The Dow Jones industrial average is up 40 points at 13,287 shortly after the opening bell Wednesday. The Dow has risen for
BERLIN (AP) - Germany's main opposition parties are proposing that banks should pay at least €200 billion ($260 billion) into a new European rescue fund rather than hoping for taxpayer-funded bailouts in future.
Chancellor Angela Merkel's center-left challenger in elections expected next
By By TOM KRISHERAP Auto Writer
DETROIT (AP) - Honda is recalling more than 870,000 minivans and SUVs worldwide because they can roll away even though drivers have removed the keys from the ignition.
The recall announced Wednesday affects older-model vehicles sold mainly in the United States.
NEW DELHI (AP) - Industrial production in India soared 8.2 percent in October, a sharp spike for Asia's third largest economy but industry viewed the data with some caution.
The data from India's Central Statistics Office on Wednesday showed that manufacturing rose 9.6 percent and