Posted on April 5th, 2010 in Economy | Comments Off
CNN Health has an interesting article detailing illegal marketing practices at Pfizer. However, government officials looked the other way because Pfizer too big to nail. Imagine being charged with a crime, but an imaginary friend takes the rap for you. That is essentially what happened when Pfizer, the world’s largest pharmaceutical company, was caught illegally marketing Bextra, a painkiller that was taken off the market in 2005 because of safety concerns. Internal company documents show …
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Pfizer Caught Illegally Marketing Bextra, Feds Won’t Prosecute Because "Pfizer Too Big To Nail"
Posted on April 2nd, 2010 in Economy | Comments Off
US steel products are poised to become more attractive on the global market in the wake of the sharp rise in traded iron ore – a development that has enraged makers of the metal elsewhere in the world, analysts say
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Gains for US steel after ore price rise
Posted on March 31st, 2010 in Economy | Comments Off
Bill Rhodes, the world’s foremost financial diplomat, is to leave full-time employment at the US financial group after 53 years spent largely dealing with foreign governments and banking crises
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Citigroup’s Mr Fix-it takes step back
Posted on March 28th, 2010 in Economy | Comments Off
Li Shufu, chairman of Chinese carmaker Geely, vows to keep the brand’s manufacturing footprint in Europe but said the premium marque’s ‘power should be projected across the world’
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Volvo’s heart will ‘remain in Sweden’
Posted on March 25th, 2010 in Economy | Comments Off
One of the world’s most popular websites was offline for more than an hour on Thursday
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YouTube website crashes
Posted on March 24th, 2010 in Economy | Comments Off
Cargill, the world’s largest trader of agricultural commodities, has become the third company to reconsider its relationship with a top Indonesian palm oil supplier over allegations it is tearing down protected forests to make way for plantations
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Cargill considers switching palm oil supplier
Posted on March 23rd, 2010 in Economy | Comments Off
GlaxoSmithKline and Pfizer could share up to $1.5bn from deeply discounted sales of their pneumococcal vaccines to the world’s poorest countries as part of a pioneering project
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GSK and Pfizer pledge vaccines
Posted on March 12th, 2010 in Economy | Comments Off
Continental Airlines chief executive Jeff Smisek has set himself a demanding measure of success at the world’s fifth-largest carrier
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Straight-talker takes to the skies
Posted on March 11th, 2010 in Economy | Comments Off
ExxonMobil, the world’s biggest publicly listed oil company, committed to $28bn in capital spending in 2010 and a range of $25bn to $30bn in investment per year on average through 2014
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Exxon to invest $28bn in 2010
Posted on March 10th, 2010 in Economy | Comments Off
BP is set to make its first move into the deep waters off the coast of Brazil, one of the world’s most exciting areas for oil exploration, with a $6bn deal to buy international oil and gas assets put up for sale by Devon Energy of the US
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BP in talks to buy Devon assets for $6bn
Posted on March 9th, 2010 in Economy | Comments Off
The pharmaceutical group has agreed a deal to establish a joint venture with Merck which will be the world’s largest animal health business
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Sanofi joins Merck in animal health venture
Posted on March 3rd, 2010 in Economy | Comments Off
Holcim, the world’s second biggest cement group, said yesterday it was confident demand would stay strong in developing markets but that sales in Europe and the US…
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Holcim eyes emerging nations for growth
Posted on March 3rd, 2010 in Economy | Comments Off
Once a dirty word, generics is entering the vocabulary of some of the world’s largest research-led drugmakers
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Pfizer / Ratiopharm
Posted on February 26th, 2010 in Economy | Comments Off
Full-year profits at the world’s biggest oil tanker operator plummet 85% due to declining oil demand and an oversupply of ships
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Frontline hit by falling demand for oil
Posted on February 23rd, 2010 in Economy | Comments Off
Home Depot, the world’s biggest home improvement retailer, swung to a profit in the fourth quarter as customers turned increasingly to ‘do it yourself’ renovation projects
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Home Depot swings to profit on DIY demand
Posted on February 22nd, 2010 in Economy | Comments Off
The US Supreme Court has rejected an appeal by the world’s largest bond investment house, paving the way for a class action suit against the company to proceed
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Pimco faces $600m lawsuit
Posted on February 21st, 2010 in Economy | Comments Off
Schlumberger, the world’s largest oil services group, has agreed a $12.4bn all-share deal to acquire Smith International of the US, to take advantage of opportunities being created by technological advances in the industry
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Schlumberger to buy rival Smith for $12bn
Posted on February 19th, 2010 in Fraud, Wall Street Scams | Comments Off
AFP Economic crimes bureau launched in New York to look after Wall Street RT … with experience dealing with financial fraud cases. The new bureau will be looking after how money is made in the world's financial heart, Wall Street , … Manhattan DA ramps up fight against economic crime BusinessWeek Manhattan DA launches major economic crimes bureau Reuters NY prosecutors expand fight against Wall St crimes AFP Wall Street Journal all 52 news articles
Posted on February 19th, 2010 in Economy | Comments Off
Tiger Woods, one of the world’s most bankable sportsmen, has confirmed serial infidelities in a carefully staged television apology, but left sponsors, broadcasters and a ravenous press pack guessing about when he might return to competitive golf
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Tiger Woods confesses amid media frenzy
Posted on February 18th, 2010 in Economy | Comments Off
The US’s manufacturing economy showed further signs of recovery yesterday when Caterpillar, the world’s biggest maker of earth-moving equipment, said sales turned…
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US industry recovery on track
Posted on February 18th, 2010 in Economy | Comments Off
Facebook is adopting PayPal as its de facto payments system in a move that brings together the world’s largest social network and the world’s biggest online payments system
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Facebook to use PayPal
Posted on February 17th, 2010 in Economy | Comments Off
John Deere, the world’s biggest maker of agricultural equipment, said North American farmers had started buying big machinery such as combine harvesters and large tractors in much greater numbers than it had previously anticipated
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John Deere profits beat forecast
Posted on February 14th, 2010 in Economy | Comments Off
Sony Ericsson, the troubled mobile phone maker, is staking its turnround on a big breakthrough in the US, the world’s most lucrative handset market. Bert Nordberg,…
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Sony Ericsson on mission to gain US share
Posted on February 11th, 2010 in Economy | Comments Off
VF Corp, one of the world’s largest clothing companies, plans to significantly expand its franchise store network in China during the coming year as it pursues the growing appetite for global brands among China’s emerging middle class
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VF Corp aims to ‘supercharge’ growth in China
Posted on February 10th, 2010 in Economy | Comments Off
CME Group, the world’s biggest futures exchange, has struck a deal with Dow Jones for a joint venture in which the Chicago trading giant will take control of the Dow index business from News Corp
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CME takes control of Dow index business
Posted on February 7th, 2010 in Economy | Comments Off
Pfizer, the world’s largest pharmaceutical group, is launching a system of electronic payment for medicines that links it directly with patients in many of the world’s…
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Pfizer launches drugs e-payment system
Posted on February 7th, 2010 in Economy | Comments Off
The scheme will link the pharmaceutical group directly with patients in many of the world’s fastest-growing economies, a move that could boost use of its high-priced medicines
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Pfizer launches e-payment system
Posted on February 5th, 2010 in Economy | Comments Off
A unit of Balli Group plc, the UK company that claims to be one of the world’s largest privately held commodity traders, pleaded guilty to criminal charges that it illegally exported a commercial Boeing 747 from the US to Iran
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Balli unit settles with US over Iran aircraft
Posted on February 1st, 2010 in Wall Street Scams | Comments Off
If banks can't borrow, they won't be able to fail Times Online Wall Street hucksters brought the world to the brink of ruin. To stop it happening again we need a new banking system In 2008, as financial titans bit the …
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If banks can’t borrow, they won’t be able to fail – Times Online
Posted on February 1st, 2010 in Economy | Comments Off
ExxonMobil, the world’s largest listed western energy group, followed the industry trend as it reported a 23% drop in fourth-quarter earnings on lower refining margins, even as its production increased nearly 2%
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Exxon profits fall 23% in fourth quarter
Posted on January 29th, 2010 in Wall Street Scams | Comments Off
It's time to stop worshipping the false gods behind global warming IrishExaminer.com An article in The Wall Street Journal last October suggested that carbon permits could become the largest commodity market in the world, growing to as much … and more
Posted on January 28th, 2010 in Economy | Comments Off
Walmart, the world’s largest retailer, has set up a new global e-commerce unit that it says will be tasked with driving online growth in new and existing markets
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Walmart gears up for global online push
Posted on January 28th, 2010 in Economy | Comments Off
Amazon, the world’s largest online retailer, said fourth quarter sales jumped 42 per cent to $9.52bn, as online sales growth in general far outstripped physical stores during the holiday season
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Amazon sales soar in holiday quarter
Posted on January 28th, 2010 in Economy | Comments Off
Walmart, the world’s largest retailer, has made the first step in its drive to take direct control of its annual purchasing of $100bn in private-label goods by announcing a strategic partnership with Li & Fung, a Hong Kong sourcing company
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Walmart reveals supply deal
Posted on January 28th, 2010 in Economy | Comments Off
Procter & Gamble, the world’s biggest consumer products company, saw its profits fall in the latest quarter but earnings were better than expected thanks to strong sales of its baby and family care offerings
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Procter & Gamble profits beat expectations
Posted on January 27th, 2010 in Economy | Comments Off
BlackRock, the world’s largest asset manager with $3,350bn under management, reported a sharp jump in fourth-quarter income but signalled it might face a more difficult year ahead
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BlackRock quarterly profits almost quintuple
Posted on January 24th, 2010 in Economy | Comments Off
Getco, one of the world’s largest market-makers and ” high-frequency trading ” companies, plans to set up a new European trading venue, highlighting how big US trading…
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Getco plans European push
Posted on January 18th, 2010 in Work From Home Scams | Comments Off
Globe and Mail Helping the hurting Gulf News The scope of the devastation in that country is something that few people who call this part of the world home can easily imagine. … Local Red Cross brings in $10000 for Haiti Medicine Hat News all 4,690 news articles
Posted on January 14th, 2010 in Economy | Comments Off
Profits at the world’s largest trader of agricultural commodities were hit by falling prices and lacklustre demand for fertilisers
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Cargill suffers 59% drop in profits
Posted on January 13th, 2010 in Economy | Comments Off
Intel, the world’s biggest chipmaker, is expected to lead a tech charge this year, powered not just by consumer spending but a surge in investment on upgrading servers and desktop PCs
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Spending rebound set to spur IT revival
Posted on January 10th, 2010 in Economy | Comments Off
The freezing conditions across much of the northern hemisphere have brought welcome relief to one group that saw lacklustre earnings or losses throughout 2009 – the world’s oil tanker owners
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Tanker owners given cold comfort
Posted on December 28th, 2009 in Economy | Comments Off
The millennium hangovers had just eased when AOL, the dial-up provider that introduced America to the world wide web, announced its takeover of Time Warner, home to…
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The $164bn question that stumped AOL
Posted on December 20th, 2009 in Economy | Comments Off
A crushing burden of debt threatens to sap America’s growth for years to come. Please consider Trillions Of Troubles Ahead. Not too long ago, a billion dollars in a governmental budget was a lot of money. Then we got into hundreds of billions. People understood that this was a lot, just because of all the zeros. Now, unfortunately, the number has become small: the world “trillion,” as in $1.2 trillion for health care reform, seems so tiny. But it has 12 zeroes behind it, which is so …
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Crushing Burden of Debt
Posted on December 16th, 2009 in Economy | Comments Off
Who will have to clear what, in the world of over-the-counter derivatives, is yet to become, well, clear
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Clearing houses
Posted on December 14th, 2009 in Work From Home Scams | Comments Off
CTV.ca Copenhagen talks to resume as boycott called off CTV.ca It's all just a socialist scam , like health care, education, and welfare. I support Mr. Harper's decision- let the world rot, for all I care. … and more
Posted on December 11th, 2009 in Scams | Comments Off
Fannie Mae’s HomePath REO Program is Great for Boise, Idaho Investors with As Little As 10% Down on Investment Properties. That is right only 10% down on investment properties when you purchase a home path eligible property and go with Home Path financing. … stockmarketscam : Why is Hank Paulson not in prison .The big bailout is a huge scam on the world.Paulson is the terrorist of the world .#tcot #tlot cnn bbc. 2009-12-17T03:53:53Z – Reply – View Tweet …
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Fannie Mae's HomePath REO Program Great for Boise, Idaho Investors …
Posted on December 9th, 2009 in Economy | Comments Off
General Electric has won a $1.4bn contract for what could be the world’s largest wind farm by output – a move that underlines the US conglomerate’s increasing focus on renewable energy
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GE wins $1.4bn turbine contract
Posted on December 8th, 2009 in Economy | Comments Off
McDonald’s the world’s largest fast food chain, reported its weakest monthly global sales performance since the start of the US recession, while comparable sales at its US stores fell for the second month in a row
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McDonald’s chews on weak sales
Posted on December 2nd, 2009 in Economy | Comments Off
CME Group, the world’s biggest futures exchange, is nearing a breakthrough deal with some of the world’s biggest banks to clear credit default swaps, according to people close to the negotiations
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CME nears deal with banks on CDS clearing
Posted on December 2nd, 2009 in Economy | Comments Off
Many of Tiger Woods’s sponsors made clear they intended to stick with the world number one golfer in the wake of his public apology to his family for ‘transgressions’ in his private life
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Woods sponsors take the long view