JPMorgan Chase may come to regret buying Bear Stearns. Suits by Wells Fargo and bond insurer Ambac claim that Bear entirely disregarded loan quality to appease its trading desk’s ever-growing demand for mortgages to securitize….
The American Petroleum Institute is taking issue with the president’s State of the Union demand to end subsidies and tax breaks for oil producers. While Obama didn’t say just which subsidies he’d cut, the industry isn’t waiting…
In Asia Friday the Nikkei 225 Index sank 1.1% to 10,360 and Hong Kong’s Hang Seng Index slid 0.7% to 23,617. In China the Shanghai Composite Index inched up 0.1% to close at 2,753.
Continue reading Nikkei Slide…
Diabetes is a growing global scourge, but for Big Pharma it’s more of a lifesaver — and many drugmakers are cranking up their research efforts. After all, many existing drugs will soon be losing their patents, and diabetes cou…
In Asia Thursday the Shanghai Composite Index climbed 1.5% to 2,749 and the Hang Seng Index fell 0.3% to 23,780. In Japan the Nikkei 225 Index advanced 0.7% to end the day at 10,479.
Continue reading Shares Sur…