Archive for June, 2011

New hope for people with lupus

Lupus has no known causes or cures. Now, there’s new hope. The FDA recently approved the first new lupus drug in 50 years. Continue Reading → Bookmark It Hide Sites

Obama honors Gates on last day as defense chief

Barack Obama, the eighth president Defense Secretary Gates has served in more than 35 years at the CIA and Department of Defense, presented him with the prestigious Medal of Freedom Thursday morning. Continue Reading → Bookmark It Hide Sites

INTERACTIVE: Jobless population up across the U.S.

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Amazon to cut off California-based Web affiliates

Amazon.com Inc. said Wednesday that it will stop working with online affiliates based in California since the state passed a new rule that forces online retailers to collect sales tax there. Continue Reading → Bookmark It Hide Sites

Judge: Google Wi-Fi snooping lawsuits can proceed

SAN FRANCISCO (AP) — A federal judge has refused Google’s plea to dismiss several class-action lawsuits accusing the Internet search giant of illegally collecting online information from unencrypted wireless networks while working on its “Street View” map feature. Continue Reading → Bookmark It Hide Sites

S&P says US will get lowest rating if it defaults

WASHINGTON (AP) — A Standard & Poor’s executive says the agency will give the U.S. government its lowest credit rating if lawmakers fail to raise the borrowing limit and the United States defaults on its debt. Continue Reading → Bookmark It Hide Sites

Business events scheduled for Friday

Major business events and economic events scheduled for Friday: Continue Reading → Bookmark It Hide Sites

Federal jobless tax for employers expires quietly

WASHINGTON (AP) — Nearly every private employer in the U.S. will get a tax cut on Friday, thanks to the expiration of a 35-year-old “temporary” unemployment tax. Continue Reading → Bookmark It Hide Sites

Baby Einstein creators question research again

SEATTLE (AP) — Ever since a University of Washington study published in a major medical journal in 2007 showed baby videos don’t make infants smarter, the creators of the Baby Einstein series have been battling the university in court and in the media. Continue Reading → Bookmark It Hide Sites

Summary Box: Lilly pitches plan for patent woes

LOOMING TROUBLE: Drugmaker Eli Lilly & Co. will lose patent protection for its top-selling drug, the antipsychotic Zyprexa, in October. In the next two years, the drugmaker will lose U.S. patents protecting drugs that produced 46 percent of its 2010 revenue. Continue Reading → Bookmark It Hide Sites