Merck scraps combination diabetes drug

(Reuters) – Merck & Co no longer plans to develop a drug to treat type 2 diabetes that would have combined its largest selling diabetes drug, Januvia, with a generic version of Pfizer Inc‘s cholesterol drug Lipitor.Merck, one of the country’s largest drugmakers, said in a regulatory filing on Friday that it decided to stop clinical development of the...

Read More..

China rails against protectionism at party congress

BEIJING (Reuters) – China‘s top trade and investment officials are railing against what they call a rising tide of global protectionism that blocks its major companies from expanding overseas and further integrating into the global economy.The officials, speaking on the sidelines of a week-long Communist Party Congress, said protectionism was emerging...

Read More..

General investigated for emails to Petraeus friend

PERTH, Australia (AP) — In a new twist to the Gen. David Petraeus sex scandal, the Pentagon said Tuesday that the top American commander in Afghanistan, Gen. John Allen, is under investigation for alleged “inappropriate communications” with a woman who is said to have received threatening emails from Paula Broadwell, the woman with whom Petraeus had an...

Read More..

Lakers intrigued by chance to play for D’Antoni

EL SEGUNDO, Calif. (AP) — Pau Gasol got home from the game and read about it on Twitter, while Dwight Howard got a midnight message on his BlackBerry. They shared most Los Angeles Lakers fans’ mix of surprise, trepidation and anticipation.Just when everybody thought the Lakers were getting back together with Phil Jackson, they switched course in the middle...

Read More..

‘Sesame Street’ Elmo puppeteer takes leave amid sex scandal

LOS ANGELES (Reuters) – The puppeteer and voice behind the character Elmo on “Sesame Street” has taken a leave of absence from the children’s television show following allegations that he had a sexual relationship with a 16-year-old boy, producers said on Monday.New York-based Sesame Workshop said in a statement that its own inquiry concluded that the...

Read More..

Mushroom Poisonings Spike as 2 Die

The accidental deaths of two California women from mushroom poisoning comes at a time of mounting reports of poisoning from wild toadstools across the county, according to a prominent liver specialist.The two elderly women died after a caregiver at their senior care facility inadvertently served them a meal with poison mushrooms picked on the Loomis, Calif.,...

Read More..

Thompson takes helm at NYTimes, faces stiff challenges

(Reuters) – Mark Thompson reported to work as the New York Times Co chief executive on Monday, confronting challenges ranging from making the publisher less dependent on advertising to trimming costs and figuring out what to do with its pile of cash.Thompson is also dealing with questions pertaining to a series of scandals at the BBC, where he served as...

Read More..

Clarke’s 218 puts Australia on front foot

BRISBANE (Reuters) – Australia captain Michael Clarke scored a brilliant unbeaten double century to give the hosts a remarkable 37-run first innings lead on the fourth day of the first test against South Africa on Monday.Supported first by a maiden century from opener Ed Cowan in a record stand of 259, and then by Mike Hussey‘s 86 not out, Clarke’s 218...

Read More..

China’s Alibaba Group Q2 net profit doubles: SEC filing

SHANGHAI (Reuters) – China‘s Alibaba Group more than doubled its April-June net profit and grew sales by 71 percent for the period, proving the country’s largest e-commerce firm has shrugged off intensifying competition in the sector.Yahoo Inc which sold a partial stake in Alibaba back to the privately-owned group in September, still holds 24 percent of...

Read More..

BBC head says broadcaster must reform or die

LONDON (Reuters) – Britain‘s BBC could be doomed unless it makes radical changes, the head of its governing trust said, after its director general quit to take the blame for the airing of false child sex abuse allegations against a former politician.BBC Trust chairman Chris Patten said on Sunday confidence had to be restored if the publicly funded corporation...

Read More..