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NEWS_764897
Lilly warns doctors on Strattera use The drug maker Eli Lilly amp; Co. said Friday it is warning doctors to stop using its attention deficit disorder drug Strattera in patients with jaundice or laboratory evidence of liver injury.
NEWS_764898
Pfizer #39;s Heart Attack NEW YORK - Since Merck #39;s Vioxx was pulled from the market for increasing the risk of heart attack and stroke in a long-term study, there has been heated debate over whether other, similar medicines, such as Pfizer #39;s Celebrex and Bextra, carry similar risks
NEWS_764899
AOL: Is Half a Billion Enough? At its height, the combined AOL and Time Warner (NYSE: TWX) company market capitalization exceeded \$350 billion. When AOL used its big, bloated equity to buy Time Warner, the company offered Time Warner shareholders
NEWS_764900
Lilly Warns Doctors on Strattera Use The drug maker Eli Lilly amp; Co. said Friday it is warning doctors to stop using its attention deficit disorder drug Strattera in patients with jaundice or laboratory evidence of liver injury.
NEWS_764901
eBay Grabs Rent.com for \$415M Wed auctioneer eBay (Quote, Chart) continued its expansion into classified listings late Thursday with the acquisition of Rent.com for \$415 million in cash and stock.
NEWS_764902
US Airways, attendants in tentative accord US Airways and its flight attendants appeared closer to agreement Friday after union negotiators approved a tentative contract. The new pact, which now must be approved by the group #39;s 5,400 members, calls
NEWS_764903
Feds Want Baker Hughes' Iraqi Oil Info NEW YORK (Reuters) - Oil services company Baker Hughes Inc. <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=BHI.N target=/stocks/quickinfo/fullquote">BHI.N</A> on Friday said U.S. market regulators have demanded information on its involvement in a now defunct Iraqi oil-for-food program, joining a growing list of companies under scrutiny for their role in the program.
NEWS_764904
Symantec-Veritas Tie-Up Targets Microsoft Simon Robinson of 451 believes that the market for storage virtualization technologies will undergo a quot;significant realignment quot; over the next 18 months.
NEWS_764905
Drug approval process flawed THE US pharmaceutical industry that exports medicines around the world is facing further scrutiny after a survey revealed nearly one-fifth of its government overseers had experienced pressure to approve drugs about which they had reservations.
NEWS_764906
Pfizer, AstraZeneca Pummel Drug Stocks Another shock hit the drug sector Friday when pharmaceutical giant Pfizer Inc. announced that it found an increased heart risk to patients for its blockbuster arthritis drug Celebrex.
NEWS_764907
What's the Deal With CarMax? Underpromising in order to overdeliver can't make up for sluggish operating results.
NEWS_764908
Fannie Mae's Institutional Arrogance Pity that Fannie's management decided to test the limits of an implied Federal guarantee.
NEWS_764909
Study Raises Concern Over Safety of Pfizer Painkiller Celebrex Pfizer said today that it had found an increased risk of heart troubles in some people taking higher dosages of Celebrex.
NEWS_764910
Study Raises Concern Over Safety of Pfizer Painkiller Celebrex Pfizer Inc. said today that it had found an increased risk of heart troubles in some people taking higher dosages of Celebrex, its popular arthritis and pain relief drug.
NEWS_764911
eBay Buys Rental Listing Firm The online auction giant announced Friday that it has agreed to acquire Rent.com, a leading listing service on the Internet for rental housing.
NEWS_764912
CarMax Earnings Fall, Stock Up on Outlook CarMax Inc. (KMX.N: Quote, Profile, Research) on Friday posted lower quarterly profit, but the used-car retailer said its sales have been steadily improving, sending its shares up as much as 14 percent.
NEWS_764913
US economy to grow by 3.5 percent in 2005: White House (AFP) AFP - The US economy is expected to slow to a still-solid 3.5 percent growth pace in 2005, allowing it to trim a record budget shortfall, the White House said.
NEWS_764914
November Consumer Prices Rise 0.2 Percent WASHINGTON (Reuters) - U.S. consumer prices rose modestly in November as a surge in energy costs a month earlier moderated, the Labor Department said on Friday.
NEWS_764915
Drug Sector's Bitter Dose Downs Stocks NEW YORK (Reuters) - U.S. stocks fell on Friday hurt by a string of negative reports from top drug makers and as oil prices climbed nearly \$2 a barrel.
NEWS_764916
Circuit City Cautious on Outlook CHICAGO (Reuters) - Circuit City Stores Inc. <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=CC.N target=/stocks/quickinfo/fullquote">CC.N</A> on Friday posted a narrower quarterly loss from continuing operations but said its outlook was cautious for the current quarter, which includes the holiday shopping season.
NEWS_764917
Pfizer: Painkiller may pose increased cardiovascular risk Drugmaker Pfizer announced Friday that its painkiller Celebrex puts patients at quot;increased cardiovascular risk quot; for heart problems, citing a long-term cancer study.
NEWS_764918
Symantec Slammed Oops. It seems the market did not at all like Internet security company Symantec #39;s (Nasdaq: SYMC) \$13.5 billion bid yesterday for storage software maker Veritas (Nasdaq: VRTS).
NEWS_764919
FDA Warns About Pesticides Found in Ginseng The US Food and Drug Administration has issued a nationwide warning after having discovered residue of untested pesticides in ginseng imported by a New Jersey firm.
NEWS_764920
Murdoch: Media Mogul In Record Manhattan Real Estate Deal Like it or not, Rupert Murdoch is a New York City staple. As chairman of News Corp. (nyse: NWS - news - people ), the billionaire is a part of Gothamites #39; lives.
NEWS_764921
Lockheed Martin to Hire About 500 Engineers Defense contractor Lockheed Martin Corp. on Friday said its business in Syracuse will hire up to 500 new engineers in 2005. In October, the Syracuse business said it would hire 40 employees by the end of the
NEWS_764922
Stocks Drop Under Drug Sector's Weight NEW YORK (Reuters) - U.S. stocks fell on Friday, hurt by a slew of negative reports from top drug makers and oil prices climbing by \$2 a barrel.
NEWS_764923
What's in the Box, Jack? An earnings restatement driven by accounting changes doesn't change the big picture.
NEWS_764924
Browsing for Stocks Holiday shopping on Amazon? Try looking for stocks at the same time. If you don't, you're missing a golden opportunity.
NEWS_764925
Celebrex Lifts Heart Attack Risk in Trial NEW YORK (Reuters) - Pfizer Inc. on Friday said its popular Celebrex arthritis drug more than doubled the risk of heart attack in a large cancer-prevention trial, a setback that comes just weeks after Merck Co. recalled its similar Vioxx drug due to heart safety risks.
NEWS_764926
Pfizer #39;s Celebrex could have a problem Pfizer (PFE) said Friday that it has received new information about the cardiovascular safety of its popular arthritis drug Celebrex, based on an analysis of a long-term cancer trial, but it has no plans to withdraw the drug.
NEWS_764927
White House Sees 2005 Economic Growth Slowing to 3.5 (Update2) US economic growth will slow to 3.5 percent in 2005 from 3.9 percent this year, generating average monthly gains in payrolls of about 175,000 jobs, according to President George W. Bush #39;s administration.
NEWS_764928
China #39;s BOE To Buy More of TPV Technology BOE Technology Group of China said it has signed a letter of intent to sell its 45.21 percent stake in its joint-venture subsidiary, Beijing Orient Top Victory Electronics, to TPV Technology in trade for an as-yet undetermined stake in the Hong Kong
NEWS_764929
Update 2: DaimlerChrysler, Ford to Invest in Ballard Fuel cell maker Ballard Power Systems Inc. on Friday said it exercised its right to call a 55 million Canadian dollar (\$44.6 million) investment from DaimlerChrysler AG and Ford Motor Co.
NEWS_764930
UAL Corp. Begins to Seek Bankruptcy Exit Financing United Airlines has begun reaching out to potential lenders for financing to leave bankruptcy, the company said on Friday. The UAL Corp.
NEWS_764931
UAL Corp. Seeks Bankruptcy Exit Financing CHICAGO (Reuters) - United Airlines <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=UALAQ.OB target=/stocks/quickinfo/fullquote">UALAQ.OB</A> has begun reaching out to potential lenders for financing to leave bankruptcy, the company said on Friday.
NEWS_764932
Take-Two Sacked on Fourth Down Take-Two follows up bad news with a mediocre earnings report and uninspiring guidance.
NEWS_764933
Give the Gift of Cash Fool contributor Tim Beyers screens the market for underpriced stocks that give like Santa.
NEWS_764934
Russia Sets YUKOS Sale, Ignores U.S. Ruling MOSCOW (Reuters) - Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a U.S. bankruptcy court order that seeks to halt Sunday's auction for at least 10 days.
NEWS_764935
Dollar Weakens in Thin Trading NEW YORK (Reuters) - The dollar weakened against major currencies on Friday in thin holiday-season volume, as traders took profits after early-session gains.
NEWS_764936
Gazprom applies for participation in Yuganskneftegaz auction MOSCOW, December 17 (Itar-Tass) -- Gazprom gas giant has applied to the Russian Federal Property Fund for taking part in the Yuganskneftegaz auction.
NEWS_764937
White House Expects Steady Economic Growth The Bush administration released a new economic forecast for 2005 in which it boosted growth forecasts slightly from a year ago but cut back sharply on its estimates of new jobs.
NEWS_764938
Forgeard becomes French co-chief at EADS Nol Forgeard #39;s move to European Aeronautic Defence amp; Space company leaves shareholders needing to appoint quickly a chief at Airbus to avoid destabilising its management, analysts warned.
NEWS_764939
Yes, Options Really Are an Expense FASB stares down the tech lobby and mandates that employee stock options must be expensed.
NEWS_764940
Stocks Trim Losses, Drugs and Oil Drag NEW YORK (Reuters) - U.S. stocks cut some losses late Friday afternoon as investors did some bargain hunting for drug stocks, which were beaten down to relatively cheap prices after a slew of negative reports earlier in the day.
NEWS_764941
American Express to Cut 2,000 Jobs NEW YORK (Reuters) - American Express said on Friday it expects to record a fourth-quarter pre-tax charge of up to \$120 million and cut 2,000 jobs related to a restructuring of its business travel unit and the sale of some overseas operations.
NEWS_764942
InterContinental to Sell 13 Hotels LONDON/NEW YORK (Reuters) - InterContinental Hotels Group Plc <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=IHG.L target=/stocks/quickinfo/fullquote">IHG.L</A> said on Friday it was selling 13 hotels to Hospitality Properties Trust <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=HPT.N target=/stocks/quickinfo/fullquote">HPT.N</A> for \$450 million, as part of its strategy to sell hotels it owns and focus on franchising and managing instead.
NEWS_764943
Tax Deductions for Home PCs You can deduct all or part of the costs of your home PC, depending upon its use. But put on your thinking cap before you tackle this gnarly issue.
NEWS_764944
A Hot Stock at 7 Times Earnings Seaboard, a small agribusiness and transportation company, looks promising.
NEWS_764945
Consumer Prices Up in Nov. As Gas Calms Consumer prices calmed down in November, helped by smaller increases in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
NEWS_764946
American Express to Eliminate 2,000 Jobs American Express Co. said Friday that it is eliminating about 2,000 jobs in a restructuring that will cost \$100 million to \$120 million in the fourth quarter before taxes, and is designed to save the financial
NEWS_764947
EBay #39;s Rent.com Purchase Fraught with Risk In a real-estate market in which homeowners have been flipping properties almost as quickly as they would stocks, eBay #39;s getting in on the action.
NEWS_764948
Circuit City cautious on outlook Circuit City Stores posted a narrower quarterly loss from continuing operations on Friday but said the outlook was cautious for the current quarter, which includes the key holiday season.
NEWS_764949
No Real Disruption Seen for Big Lender or Mortgage Market Fannie Mae, the giant mortgage finance company, will probably not face major business disruptions from the \$9 billion write-off that federal regulators are requiring it to take, analysts and investors said yesterday.
NEWS_764950
Euro Disney shareholders back capital increase Shareholders in French theme park operator Euro Disney (EDLP.PA: Quote, Profile, Research) on Friday backed plans for a capital increase of at least 250 million euros as part of a crucial restructuring effort.
NEWS_764951
Philips to sell monitor, part of flat TV ops to TPV (SINGAPORE) Dutch electronics giant Philips said on Thursday it will sell its OEM monitor business and part of its flat-screen TV operations to Taiwan #39;s TPV Technology for US\$350
NEWS_764952
Equity analysts: Record inflows may lift stocks SANTA ROSA, Calif. -- World stock markets may rise in January, lifted by flows into mutual funds that are poised to match the record pace set at the beginning of this year, according to Charles Biderman, president of TrimTabs Investment Research.
NEWS_764953
Update 4: Parmalat Owes Almost \$26B to Creditors Italian dairy giant Parmalat SPA owes nearly \$26 billion to creditors including many big international banks, a judge ruled Friday in a decision that will affect who will become a shareholder in the reorganized company.
NEWS_764954
Funds close out 2004 with strong showings NEW YORK -- Wall Street's fourth-quarter rally gave stock mutual funds a solid performance for 2004, with small-cap equity funds and real estate funds scoring some of the biggest returns. Large-cap growth equities and technology-focused funds had the slimmest gains.
NEWS_764955
The Chocolate-Coffee Conundrum If coffee chains used better chocolate, Lawrence Meyers argues, they'd sell more coffee.
NEWS_764956
Stocks End Lower as Pfizer and Oil Weigh NEW YORK (Reuters) - U.S. stocks closed lower on Friday, weighed down by a number of negative reports from top drug makers, including Pfizer Inc. <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=PFE.N target=/stocks/quickinfo/fullquote">PFE.N</A>, and a \$2 jump in the price of crude oil.
NEWS_764957
UAL Corp. Seeks Bankruptcy Exit Financing CHICAGO (Reuters) - United Airlines has begun reaching out to potential lenders with its revamped business plan for financing to leave bankruptcy, the company said on Friday.
NEWS_764958
Arthritis drug a heart attack risk, study finds United States drug giant Pfizer says a trial has found a sharp rise in heart attacks for patients using its blockbuster Celebrex arthritis and pain medicine.
NEWS_764959
Survey: FDA scientists question safety Two-thirds of Food and Drug Administration scientists surveyed two years ago lacked confidence that the FDA adequately monitors the safety of prescription drugs, a report released Thursday shows.
NEWS_764960
InterContinental to Sell 13 Hotels InterContinental Hotels Group Plc (IHG.L: Quote, Profile, Research) said on Friday it was selling 13 hotels to Hospitality Properties Trust (HPT.
NEWS_764961
Oil Jumps 5 Pct on Cold, Bin Laden Threat NEW YORK (Reuters) - Oil prices surged 5 percent on Friday as frigid weather lingered in the mammoth U.S. Northeast heating oil market and militant Osama bin Laden urged renewed attacks on Middle East oil installations.
NEWS_764962
Amex to Record Charge, Cut Jobs NEW YORK (Reuters) - American Express <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=AXP.N target=/stocks/quickinfo/fullquote">AXP.N</A> on Friday said it expects to record a fourth-quarter pretax charge of up to \$120 million and cut 2,000 jobs related primarily to a restructuring of its business travel unit and the sale of some overseas banking operations.
NEWS_764963
Pfizer finds heart attack risk with Celebrex, plans to continue to <b>...</b> Celebrex, the nation #39;s leading painkiller, raises the risk of heart attack when taken at very high doses, the drug #39;s maker said Friday in the latest blow to a class of powerful and widely touted drugs.
NEWS_764964
Russia to hold Yukos auction Russia is set to go ahead with a sale of the main production asset of Yukos, the countrys embattled oil company, despite an injunction issued late yesterday by a US court.
NEWS_764965
Oil Jumps 5 Pct on Cold, Bin Laden Threat Oil prices surged 5 percent on Friday as frigid weather lingered in the mammoth US Northeast heating oil market and militant Osama bin Laden urged renewed attacks on Middle East oil installations.
NEWS_764966
Doubts over drug safety checks Two-thirds of scientists working for the US medicines regulator have expressed a lack of confidence in the federal safety monitoring of prescription drugs, according to documents disclosed by two lobby groups.
NEWS_764967
UPDATE 1-Exelon in talks to buy PSE amp;G - sources Exelon Corp. (EXE.N: Quote, Profile, Research) is in talks to buy New Jersey utility Public Service Enterprise Group Inc. #39;s (PEG.
NEWS_764968
Amex to Record Charge, Cut Jobs American Express (AXP.N: Quote, Profile, Research) on Friday said it expects to record a fourth-quarter pretax charge of up to \$120 million and cut 2,000 jobs related primarily to a restructuring of its business travel unit and the
NEWS_764969
UPDATE 1-US economy set for solid growth in 2005-White House The United States will enjoy solid growth, low inflation and falling unemployment next year, the White House said on Friday in its official economic forecast that would normally not be released until February.
NEWS_764970
KLM buying two more 777-200ERs, Etihad orders five 777-300ers SEATTLE - Abu Dhabi #39;s Etihad Airways confirmed an order for five Boeing 777-300ERs, and KLM Royal Dutch Airlines ordered two 777-200ERs, Boeing Co.
NEWS_764971
EBay To Buy Rent.com in \$415 Million Deal The recent wave of mergers spread into the e-commerce space today when auction giant eBay said it would acquire Rent.com for US\$415 million in cash and stock.
NEWS_764972
Pfizer's Celebrex Lifts Heart Attack Risk in Trial NEW YORK (Reuters) - Pfizer Inc. on Friday said its popular Celebrex arthritis drug more than doubled the risk of heart attack in a large cancer-prevention trial, a setback that comes just weeks after Merck Co. recalled its similar Vioxx drug due to heart safety risks.
NEWS_764973
Dollar Falters in Thin Holiday Trading NEW YORK (Reuters) - The dollar retreated against major currencies on Friday in thin holiday-season volume, as traders took profits after early-session gains.
NEWS_764974
Drug Study It #39;s one more blow to patients who suffer from arthritis. Pfizer, the maker of Celebrex, says it #39;s painkiller poses an increased risk of heart attacks to patients using the drugs.
NEWS_764975
YUKOS #39; Hollow Victory Yesterday, Russia #39;s erstwhile largest oil company, YUKOS (OTC BB: YUKOY), won a single legal skirmish in a land far from home.
NEWS_764976
United pilot leaders accept pension deal, 15 percent pay cuts Pilots at United Airlines face a 15 percent pay cut, their second double-digit wage reduction in two years, and will not further resist the company #39;s elimination of traditional pensions under a tentative contract agreement made public Friday.
NEWS_764977
Celebrex shows heart attack risk I was taking Vioxx for my arthritis, and then it was pulled from the market. So I switched to Celebrex. Now, I understand that Celebrex also may cause heart problems?
NEWS_764978
ComEd parent near deal to buy NJ utility Exelon Corp. is close to a deal to buy New Jersey-based electric utility Public Service Enterprise Group (PSEG), people familiar with the talks say.
NEWS_764979
SEC Considers Charges Against MetLife Unit MetLife Inc., one of the nation #39;s largest insurers, said Friday that one of its subsidiaries has received a notice that the Securities and Exchange Commission is considering civil charges against the unit.
NEWS_764980
UAL Corp. Seeks Bankruptcy Exit Financing United Airlines has begun reaching out to potential lenders with its revamped business plan for financing to leave bankruptcy, the company said on Friday.
NEWS_764981
After a banner '04, forecasters see a slower '05 WASHINGTON -- Despite soaring oil prices and a slumping dollar, the United States enjoyed a banner year in terms of economic growth in 2004, but the new year is likely to see a significant slowdown, private economists say.
NEWS_764982
This year, take control of your financial life NEW YORK -- If you're having some regrets about how you've been handling your financial life, take heart: You can resolve to make a fresh start in the new year.
NEWS_764983
Stocks Knocked Lower on Drug Sector, Oil NEW YORK (Reuters) - U.S. stocks closed lower on Friday amid heavy trading volume, as a slew of negative reports from top drug makers and a more than \$2 a barrel increase in oil prices weighed on the market.
NEWS_764984
Doctors Debate the Safety of Celebrex Concerns that Celebrex may increase the risk of heart attack could keep what is still a relatively safe medication away from patients who suffer from arthritis and other painful ailments, some doctors say.
NEWS_764985
UPDATE 2-Exelon in talks to buy PSE amp;G - sources Exelon Corp. (EXE.N: Quote, Profile, Research) is in talks to buy New Jersey utility Public Service Enterprise Group Inc. #39;s (PEG.
NEWS_764986
Hospitality Properties to buy 13 InterContinental Hotels Hospitality Properties Trust is purchasing 13 hotels for 450 million dollars from InterContinental Hotels Group. Newton-based Hospitality has also signed 25-year
NEWS_764987
IAM wants to save US Airways baggage jobs The union representing US Airways baggage handlers hopes to find cost cuts without losing 4,000 jobs to outsourcing, the Pittsburgh Post-Gazette reported.
NEWS_764988
Enron trials to put human faces on scandal HOUSTON -- It was one of the more spectacular corporate bankruptcies ever: Enron Corp. , once the seventh-largest company in the country, felled by intricate and illegal accounting tricks.
NEWS_764989
Searching for orderly market where none exists Happy New Year, all you investors with an eye for numerology. According to a popular financial folk tale, there's no need to worry much about Federal Reserve policy or corporate earnings growth in 2005. The stock market, and stock mutual funds, will do just fine because they always prosper in years that end with a five.
NEWS_764990
Stockbroker Accused of Stealing \$4.1 Mln NEW YORK (Reuters) - A New York stockbroker was indicted on Friday on charges of stealing more than \$4.1 million from three Wall Street firms, prosecutors said.
NEWS_764991
Treasuries Lower Despite In-Line CPI Data NEW YORK (Reuters) - U.S. Treasuries prices limped to a second session of losses on Friday as technical selling weighed on a thin and weary year-end market.
NEWS_764992
Entrepreneurs get by with a little help from their counselors Boston entrepreneur Philip Guarino once thought that running a small enterprise would be a piece of cake. ''Having an MBA, I didn't think I'd need any direction," he said.
NEWS_764993
Celebrex to stay the market, for now The FDA says that although its decision is to not ban the drug, that possibilty is not ruled out. NEW YORK (CNN/Money) - The US Food and Drug Administration decided Friday not to recall Celebrex but it has not ruled out the possibility.
NEWS_764994
World crude oil surges on fuel, terror concerns NEW YORK (AFP) - Global crude prices boiled over on fear of tight US winter fuel supplies and because of a tape apparently by Osama bin Laden calling for attacks on Gulf oil supplies.
NEWS_764995
Health Tip: Avoid Drug Double-Dipping If you catch a cold or get the flu this winter, be very careful if you take more than one medication to ease your symptoms. The two drugs could share ingredients that could pose a danger
NEWS_764996
Amex sees \$120M charge; axes 2,000 American Express said Friday it expects to record a fourth-quarter pre-tax restructuring charge of up to \$120 million and cut 2,000 jobs.