Wednesday, Jan 07th
Last update09:24:54 AM GMT
The fight over breast-cancer treatment with Roche's Avastin has come to a head: U.S. officials decided to revoke the drug's indication for breast cancer, and European Medicines Agency moved to restrict it for use with only one type of chemotherapy.
The decisions stand to cut more than $1 billion off Avastin's $6 billion in annual revenues, and they're sure to draw fire from folks who've been advocating for the drug.
In an unusual move, the Shin Bet security service has agreed to compensate Jamal al-Hindi, a member of the Popular Front for the Liberation of Palestine, for a partial disability that he says is due to having been tortured by Shin Bet agents 15 years ago. The amount of compensation remains secret by court order.
On July 18, 1995, Ohad Bachrach, 18, of Beit El and Uri Shachor, 19, of Ra’anana were murdered as they swam in Wadi Kelt. The perpetrators shot them at close range.
A broad plan to absorb Sunni Muslim militiamen who battled al-Qaida in Iraq into national security forces or government jobs is at risk of being derailed by lukewarm political support and limited funding, officials say.
Integrating the militias, known as the Sons of Iraq or Awakening Councils, is a key concern for Iraq's Sunni minority, which feels it has been squeezed out of power by the Shiite majority and ignored despite its role in fighting the insurgency. Shiite Prime Minister Nouri al-Maliki is already struggling to show he can create an inclusive government after barely garnering enough support to keep his job.
National power grids could overheat and air travel severely disrupted while electronic items, navigation devices and major satellites could stop working after the Sun reaches its maximum power in a few years.
Senior space agency scientists believe the Earth will be hit with unprecedented levels of magnetic energy from solar flares after the Sun wakes “from a deep slumber” sometime around 2013, The Daily Telegraph can disclose.
The problem is that the broad decline of the manufacturing sector that has been underway in this country for decades now may threaten not just the long-term health of the economy but also the living standards of all but the wealthiest Americans.
"The whole country is now seeing the story that Michigan has been living with for a long time," said Diane Swonk, chief economist at Mesirow Financial. "We have kicked the can so far down the road that now all we have is a cliff to fall off."
Yogurt’s good for you -- but apparently not quite as good as Dannon says it is. The yogurt maker will pay out $21 million to settle charges of deceptive advertising that it overstated health benefits for Activia and DanActive yogurt products, according to the Federal Trade Commission.
The settlement refers to unproven health claims. As Julie Deardorff of the Julie's Health Club blog explains: "Under a proposed settlement, Dannon has agreed, among other things, not to say its yogurt, dairy drink, or probiotic food or drink products reduce the likelihood of getting a cold or the flu, unless the claim is approved by the Food and Drug Administration."
At last the United States is responding to Israeli Prime Minister Binyamin Netanyahu's refusal to freeze settlements and re-start negotiations with the Palestinians.
Congressman Howard Berman (D-CA), chair of the House Foreign Affairs Committee, rushed to the House floor with a resolution drafted by the American Israel Public Affairs Committee [AIPAC] condemning the Palestinians for publicly suggesting that, in the wake of Netanyahu's refusal to freeze settlements and negotiate, they will consider a unilateral declaration of statehood.
Goldman Sachs Group Inc.’s top executives will get about $111.3 million in stock next month in a delayed payout from last year and their record-setting 2007 awards, even as Wall Street prepares for lower bonuses.
Chief Executive Officer Lloyd C. Blankfein, 56, is poised to receive about $24.3 million in January, based on the closing share price on Dec. 14, while President Gary D. Cohn, 50, will get about $24 million, company filings show. The payouts, just a portion of the $67.9 million bonus awarded to Blankfein for 2007 and the $66.9 million paid to Cohn, reflect a 24 percent decline in the stock’s value since it was granted at $218.86.
Three people who worked at technology firms including chipmaker Advanced Micro Devices Inc. were arrested along with an “expert networker” as federal prosecutors expanded a probe of insider trading to companies.
A fifth man, Daniel DeVore, formerly a supply manager at Dell Inc., pleaded guilty in federal court in New York on Dec. 10 to conspiracy to commit securities fraud and wire fraud as part of the probe, prosecutors said today in a statement. He is cooperating with the investigation.
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