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BUSINESS BRIEFS.(TO THE POINT)
FINANCE
UBS pays discount for Schwab unit
The Swiss banking giant will buy the broker's institutional investment and research division for $265 mil, paying 17.5% less than what Schwab paid for it in November. Schwab is selling the Soundview unit to refocus on retail investors, while UBS will use the buy in a bid to become a leading Nasdaq trader. Schwab expects to record charges of $145 mil-$165 mil due to the sale. UBS fell 11 cents to 67.49; Schwab dipped 2 cents to 9.45.
MEDICAL
Statin study blow to Merck drug
The drug maker said a major study found high doses of its anti-cholesterol drug Zocor showed no conclusive benefits in preventing fresh cardiac problems in heart attack patients. In the study, patients were given Zocor within 4 days of the initial heart "event." Cholesterol levels didn't drop significantly more than in those given a placebo. The news could boost Pfizer, which makes the leading anti-cholesterol drug, Lipitor. It could also help sales of Vytorin, another cholesterol-lowering pill developed by Merck and Schering-Plough. Merck rose 4 cents to 44.97.
Bayer ...
- Thousands More Cattle to Be Tested for Mad Cow Disease.
- Newspaper article from: Chicago Tribune (Chicago, IL) March 16, 2004 700+ words
...the number of cattle tested for mad cow disease to determine its prevalence in the U...S. beef since a single case of mad cow disease was discovered in Washington state in...beef in California to be tested for mad cow disease. The USDA initially rejected the two...
- 'MAD COW DISEASE' SCARES BEEF-EATERS.(Living)
- Newspaper article from: Albany Times Union (Albany, NY) November 6, 1990 700+ words
...British press has christened, "mad cow disease." Since the first case was confirmed four years ago, mad cow disease has caused severe economic damage...strange microbe responsible for mad cow disease. About 30 countries, including...
- Pueblo, Colo., Newspaper Incorrectly Reports Deaths from Mad Cow Disease.
- Newspaper article from: Knight Ridder/Tribune Business News March 27, 2001 700+ words
...Mar. 27--No one has died of mad cow disease in Colorado or even the United States...Disease, a brain malady similar to mad cow disease in its effects. "There have been no cases of mad cow disease in either humans or cattle in the U...
- One-Fifth of U.S. Adults Say Fear of Mad Cow Disease Will Affect What and Where...
- Press release article from: PR Newswire January 13, 2004 700+ words
...adults (21%) say that fear of mad cow disease will change their eating habits, according...necessary steps to avoid the spread of mad cow disease in the United States -- 45% say that...However, if no further cases of mad cow disease are reported, eating habits are likely...
- Former Professor's Mad Cow Disease Web Site Draws Attention.
- Newspaper article from: Knight Ridder/Tribune Business News April 3, 2001 700+ words
...around the world as the man with the mad cow disease Web site. His site (www.mad-cow...scientific research articles on mad cow disease and a variety of related afflictions...cashmere sweaters. His interest in mad cow disease stems from his research into a related...
- Risk of human illness from mad cow disease very low, experts say.
- Newspaper article from: Knight Ridder/Tribune News Service Hesman, Tina December 27, 2003 700+ words
...government assurances that a case of mad cow disease discovered in Washington is being handled...States doesn't look hard enough for mad cow disease and fails to take precautions to prevent...encephalopathy _ popularly known as mad cow disease _ in the United States. She was one...
- U.S. Consumers Face Little Risk from Mad Cow Disease.
- Newspaper article from: St. Louis Post-Dispatch (St. Louis, Missouri) (via Knight-Ridder/Tribune Business News) December 28, 2003 700+ words
...government assurances that a case of mad cow disease discovered in Washington is being handled...States doesn't look hard enough for mad cow disease and fails to take precautions to prevent...encephalopathy -- popularly known as mad cow disease -- in the United States. She was one...
- Federal, State Agencies Search for Best Method to Test for Mad Cow Disease.
- Newspaper article from: Knight Ridder/Tribune Business News February 13, 2004 700+ words
...vanguard of the nation's battle with mad cow disease. The three cows, all suffering health...Agriculture tests the samples for mad cow disease. "Anything that we're going to dispose...nation's surveillance program for mad cow disease. Consumer advocates, scientists...