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News entries archived for Thursday, 05-29-2008
MasterCard Boosts Outlook
MasterCard shares rallied as the credit-card processor boosted its long-term targets and sees continued strength in the current quarter.
Something Nice to Start The Day: BooRah
BooRah, a semantic vertical search engine founded by former MetroFi employees, has indexed 100,000 blogs and over 100 review sites to create a nice restaurant review and search service for a variety of U.S. cities. Today, the Mountain View, Calif., company launched a partnership with online reservation agent BookingAngel that will allow folks to make [...
DSW Executive Moves to Limited
DSW President Peter Horvath is leaving the shoe retailer to return to Limited Brands, where he will be president of business integration.
Lung Cancer Will Be A Big Focus At ASCO
Potential advances in the treatment of lung cancer will be a major focus as the American Society of Clinical Oncology gets under way in Chicago on Friday. In particular, ImClone Systems will unveil long-awaited results from a pivotal trial of its Erbitux drug, in combination with chemotherapy, in patients with advanced nonsmall cell lung cancer, [...
Electric Car Planned for U.S.
Norway's Think Global plans to sell a small electric car in the U.S. with the help of U.S. venture capitalists, evidence that the race to woo American consumers with electric cars is heating up.
Martin Still Likes Subsidized Broadband
FCC Chairman Kevin Martin reiterated his support for waiving cellphone contract termination fees and for government subsidies for broadband network construction.
Connecticut Sues McKesson Over Price Fixing
The attorney general, Richard Blumenthal, filed the lawsuit over allegations the big distributor illegaly inflated wholesale costs for hundreds of brand-name meds, including Celebrex, Lipitor, Flonase, Prevacid, Nexium and Valium. The move comes one week after San Francisco did the same thing. The lawsuit, which was filed in federal court in Boston, accuses McKesson of violating [...
CFTC Tightens Energy Oversight
U.S. derivatives regulators, under pressure to act in the face of record-high oil prices, moved to tighten oversight of energy markets. The CFTC said it launched in December 2007 a wide-ranging probe into crude-oil markets.
BP, Russian Partners in Standoff
BP's Russian partners in its TNK-BP energy venture demanded the ouster of the venture's CEO, Robert Dudley, but the British company refused. The standoff marks a major escalation of tensions.
Mesa Wins Injunction in Delta Suit
Mesa Air said it has won a preliminary injunction to prevent Delta from terminating its contract with Mesa subsidiary Freedom Airlines.
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