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Utilities restore power after thunderstorms in NJ

July 16, 2012 11:50 am | by The Associated Press | News | Comments

Power has been restored to nearly all the hundreds of homes and businesses that lost service when severe thunderstorms rumbled across New Jersey.Jersey Central Power & Light, a unit of FirstEnergy Corp., reports about 170 customers, mostly in Ocean County, were still without power early Monday...

Watson settles lawsuit with Idaho for $1.7 million

July 16, 2012 11:50 am | by The Associated Press | News | Comments

Idaho has reached a $1.7 million settlement with a Watson Pharmaceuticals Inc. over allegations of excessive wholesale prices paid by the state's Medicaid program.Attorney General Lawrence Wasden announced the deal Monday. Watson is among the top four generic drug companies in the world.Wasden...

Premier Farnell on the Cusp of Emerging Market Expansion

July 16, 2012 11:47 am | by Chris Fox, Managing Editor | News | Comments

Premier Farnell is working to become a global solutions provider for design engineers.

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Food Stamp Battle; Obama vs. Romney - Part 2

July 16, 2012 10:50 am | by Chris HayesAssociated Press | News | Comments

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Colo., Okla. guvs in Detroit to talk natural gas

July 16, 2012 10:50 am | by The Associated Press | News | Comments

The governors of two natural gas producing states are in Detroit as part of an effort to push the use of vehicles powered by natural gas.Colorado Gov. John Hickenlooper and Oklahoma Gov. Mary Fallin were meeting Monday with executives at Chrysler, General Motors Co. and Ford Motor Co. They also...

Novavax will help develop new malaria vaccine

July 16, 2012 10:50 am | by The Associated Press | News | Comments

Drug developer Novavax Inc. said Monday that it will work with the government of India to develop a new malaria vaccine.Novavax said it will work with the International Centre for Genetic Engineering and Biotechnology and CPL Biologicals. India's Department of Biotechnology will fund the...

Progress Software names chairman, CFO

July 16, 2012 10:50 am | by The Associated Press | News | Comments

Progress Software Corp. announced Monday that its board has elected Philip Pead as non-executive chairman of the board. The business software company also appointed Melissa Cruz as chief financial officer.As chairman, Pead succeeds Michael Mark, who will remain on the board. Pead has served on...

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Equity Briefing Healthcare Review: Alnylam Pharmaceuticals & Human Genome Jump On Positive News

July 16, 2012 10:50 am | by The Associated Press | News | Comments

Human Genome Sciences (NASDAQ:HGSI) shares climbed 4.60% to $14.20 after GlaxoSmithKline and Human Genome Sciences today announced that the companies have entered into a definitive agreement under which GSK will acquire HGS for US$14.25 per share in cash. The transaction values...

GM names Lee head of global manufacturing

July 16, 2012 10:50 am | by The Associated Press | News | Comments

General Motors Co. has named longtime executive Tim Lee its new head of global manufacturing.Lee will oversee plants in 30 countries. He remains president of GM's operations outside North America.Lee replaces Diana Tremblay, who will oversee plants in North America. She had been head of global...

Human Genome agrees to GlaxoSmithKline takeover

July 16, 2012 10:50 am | by LINDA A. JOHNSON - AP Business Writer - Associated Press | News | Comments

U.K. drug maker GlaxoSmithKline has secured its takeover of longtime partner Human Genome Sciences after agreeing to pay more, a move to expand GSK's drug portfolio in crucial areas: biologic drugs and treatments for the hundreds of millions of people with diabetes and heart disease.The two...

Sprint fires up new wireless data network

July 16, 2012 10:50 am | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

Sprint Nextel Corp. said Monday that it has turned on its new wireless data network, providing a much-needed boost to the carrier, whose data speeds lag those of its largest competitors.Sprint fired up the fourth-generation, or 4G, network in Atlanta, Dallas, Houston, Kansas City, San Antonio...

FTC tells Novartis to divest 4 skin care drugs

July 16, 2012 10:50 am | by The Associated Press | News | Comments

Antitrust regulators told Swiss drugmaker Novartis AG it will have to give up marketing rights to four skin care products as part of its $1.53 billion deal for dermatology drug maker Fougera Pharmaceuticals.The Federal Trade Commission told Novartis it needs to sell three drugs and return the...

Toshiba Captures Historic Tightrope Walk Over Niagara Falls

July 16, 2012 10:44 am | by Toshiba Imaging | News | Comments

Toshiba Imaging   provided the point-of-view (POV) camera for Nik Wallenda’s successful, record-breaking tightrope walk over Niagara Falls on June 15, 2012.

aPriori Secures an Additional $5 Million in Venture Funding

July 16, 2012 10:26 am | by aPriori | News | Comments

aPriori , a provider of product cost management software solutions, has announced $5 million in new venture capital from existing investor  Sigma Partners .

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