Archive for the ‘business’ Category
Fannie Mae to offer $6b in notes (AP)
Friday, March 12th, 2010
AP – Fannie Mae on Thursday said it will offer $6 billion of new 3-year notes due May 7, 2013.
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Gov’t official warns on home down payment hikes (AP)
Friday, March 12th, 2010
AP – The head of the Federal Housing Administration is warning that boosting the minimum down payment borrowers must provide to qualify for home loans backed by the agency could threaten the housing market.
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Summary Box: Foreclosures grow more slowly (AP)
Friday, March 12th, 2010
AP – FORECLOSURES UP: Foreclosure listing service RealtyTrac says the number of households facing foreclosure last month grew 6 percent from a year ago.
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Mortgage rates remain below 5 percent (AP)
Friday, March 12th, 2010
AP – Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.
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Pfizer says Sutent fails in breast cancer studies (AP)
Friday, March 12th, 2010
AP – Pfizer Inc. said Thursday the cancer drug Sutent did not meet key goals in two late-stage studies focusing on advanced breast cancer.
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Pfizer ends study on potential lung cancer drug (AP)
Friday, March 12th, 2010
AP – Pfizer Inc. said Thursday it discontinued a late-stage study of the drug candidate figitumumab in patients with late-stage lung cancer, citing a lack of effectiveness.
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Watson says FDA approves 6-month dose Trelstar (AP)
Friday, March 12th, 2010
AP – Watson Pharmaceuticals Inc. said the Food and Drug Administration approved a six-month dose of the prostate cancer drug Trelstar, which already was available in one- and three-month doses.
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Caraco gets FDA approval for generic Eloxatin (AP)
Friday, March 12th, 2010
AP – Caraco Pharmaceutical Laboratories Ltd. said Thursday it launched a generic version of Sanofi-Aventis’ cancer treatment Eloxatin.
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Astra boosts generic exposure with Torrent deal (AP)
Friday, March 12th, 2010
AP – AstraZeneca PLC announced a supply partnership with India’s Torrent Pharmaceuticals on Thursday, its first such link with a generic drugmaker as it seeks to boost its presence in emerging markets and counter patent losses on blockbuster medicines.
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Summary Box: Citi CEO sees return to profitability (AP)
Friday, March 12th, 2010
AP – BULLISH OUTLOOK: Citigroup Inc. says its returning to “sustained profitability” after losing billions on bad loans and taking a federal bailout. CEO Vikram Pandit says the bank is shedding risky mortgage assets and shifting focus to emerging markets like Latin America and Asia.
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