Top News Stories
Pfizer's Ills And Cures In 2008
Saturday November 22, 2008 07:46:00 EST
(RTTNews) - Dogged by patent expirations, regulatory setbacks and high-profile drug trial failures, 2008 has been a whirlwind year for Pfizer. The drug titan is seeking to cure its ills with serious retrenching measures and by shifting its research focus from heart disease, obesity, and bone health to more lucrative fields such as cancer and Alzheimer's.
With patents covering some of Pfizer's key drugs set to expire in the next few years, the company is accelerating its pipeline to plug the impending holes in its balance sheet. According to Prudential Equity Group's Timothy Anderson, drugs, which make up 41% of Pfizer's sales, are slated to lose patent protection between 2010 and 2012. The drugs going off the patent between 2010 and 2012 are Aricept, Lipitor, Viagra, Detr (continued...)
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03:08:00 EST - Obama Reportedly Will Name Geithner As Treasury Secretary
21:55:00 EST - Economic Outlook Turning Murkier
17:33:00 EST
Economic News
Saturday November 22, 2008
Friday November 21, 2008
- *Obama to Nominate Timothy Geithner as Treasury Secretary - CNBC Reports
15:02:00 EST - Fed's Plosser Says Deflation Is Not A Concern At This Point
14:52:00 EST - Recession Seen Lasting Until June 2009, Forecasters Say
13:42:00 EST - Employers Took 2,140 Mass Layoff Actions In October
11:12:00 EST - Richmond Fed's Lacker Says 2009 Recovery Is "Reasonable Expectation"
10:58:00 EST
Global Market News
Saturday November 22, 2008
Friday November 21, 2008
- European markets fall on economy fears - European commentary
13:26:00 EST - Pound Pares Multi-Day High Versus Franc
11:11:00 EST - *Pound pares multi-day high versus franc; pair now at 1.8215
10:44:00 EST - Servoca CEO resigns, names successor; To incur loss in FY08 on restructuring costs - Update
08:50:00 EST - AngloGold Ashanti Advances In Pre-Market On Signing $1 Bln Loan Facility Agreement
08:43:00 EST
Industry News
Friday November 21, 2008
- Stocks Close Sharply Higher Following Late Day Rally - U.S. Commentary
16:20:00 EST - TSX Rockets Higher in Final Hour To End Dismal Week On High Note -- Canadian Commentary
16:19:00 EST - Major Averages Close At Their Best Levels Of The Day
16:16:00 EST - Stocks Hover Near Flat-Line Moving Into Last Hour Of Trading
14:58:00 EST - Stocks Continue To Experience Choppy Trading In The Mid-Afternoon - U.S. Commentary
14:30:00 EST - Major Averages Are Mixed In The Mid-Afternoon
14:27:00 EST
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Major Indices
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| Desc | Last | Change (%) | |
| DOW | 8,046.42 | 494.13 (6.54%) | |
| NASDAQ | 1,384.35 | 68.23 (5.18%) | |
| S&P 500 | 800.03 | 47.59 (6.32%) | |
| Russell 2000 | 406.54 | 21.23 (5.51%) | |
| DOW Transports | 3,122.75 | 133.76 (4.48%) | |
| DOW Utilities | 366.34 | 30.61 (9.12%) | |
General News
Friday November 21, 2008
- Japanese Carmakers Announce Measures To Tackle Economic Crisis
19:28:00 EST - Suspected Basque Militant Leader Charged In France
17:30:00 EST - China Identifies 19,000 May Quake Victims
17:00:00 EST - Barroso, Obama agree to work closely on global issues
15:36:00 EST - 8 killed in Afghanistan
15:12:00 EST - EU to investigate Georgia-Russia conflict
14:49:00 EST