Industry-News.org

• Naked Driving Gives New Meaning to Toyota Crisis: William Pesek February 8, 2010
  Commentary by William Pesek Feb. 9 (Bloomberg) -- You know Japan’s world is upside down when the fabled Toyota Motor Corp . is a global laughingstock. A name once synonymous with quality has fallen so far that Americans are actually rushing out to buy Detroit’s clunkers. You have to love a corporate scandal that boosts General Motors Co. and Ford Motor Co. a […]
• Pfizer, Medivation Drug May Help Huntington’s Disease Patients February 8, 2010
  By Shannon Pettypiece Feb. 8 (Bloomberg) -- A 27-year-old hay fever treatment being studied by Pfizer Inc. and Medivation Inc. for Alzheimer’s disease may also help patients with Huntington’s disease. The drug, called Dimebon, improved mental functioning and awareness in patients with Huntington’s, a degenerative neurological disorder that runs in families, […]
• Thirdhand Smoke Forms Cancer-Causing Indoor Residue That Lasts, Study Says February 8, 2010
  By Nicole Ostrow Feb. 8 (Bloomberg) -- Tobacco smoke contamination lingering on furniture, clothes and other surfaces, dubbed thirdhand smoke, may react with indoor air chemicals to form potential cancer-causing substances, a study found. After exposing a piece of paper to smoke, researchers found the sheet had levels of newly formed carcinogens that were 10 […]
• China’s January Surge in Lending Probably Exceeded Fourth Quarter’s Total February 8, 2010
  By Bloomberg News Feb. 9 (Bloomberg) -- China’s banks probably made more new loans in January than the previous three months combined as lenders sought to head off a credit clampdown by policy makers seeking to stem rising inflation pressures. New bank lending totaled 1.38 trillion yuan ($201 billion) last month, according to the median estimate of 16 econom […]
• Skype Rival Fring of Israel Lures Mobile-Phone Users to Free Video Calls February 8, 2010
  By Gwen Ackerman Feb. 8 (Bloomberg) -- Israeli startup Fring , backed by founders of instant messenger ICQ, is bringing free video calls to mobile phones and offering wireless services similar to those of Skype Technologies SA. “We overlap with what Skype does, but our starting point is different,” said Chief Executive Officer Avi Shechter. Skype lets users […]
• House Democrat John Murtha Dies at Age 77 After Complications From Surgery February 8, 2010
  By Laurence Arnold Feb. 8 (Bloomberg) -- John Murtha , a former Marine drill instructor turned congressman who unapologetically wielded his power to benefit his Pennsylvania district, died today. He was 77. Murtha, a Democrat, died of complications after undergoing gallbladder surgery in late January in a hospital in Arlington, Virginia. During 36 years in t […]
• House Democrat John Murtha Dies at Age 77 After Complications From Surgery February 8, 2010
  By Laurence Arnold Feb. 8 (Bloomberg) -- John Murtha , a former Marine drill instructor turned congressman who unapologetically wielded his power to benefit his Pennsylvania district, died today. He was 77. Murtha, a Democrat, died of complications after undergoing gallbladder surgery in late January in a hospital in Arlington, Virginia. During 36 years in t […]
• Electronic Arts Falls as Game Maker’s Full-Year Forecast Trails Estimates February 8, 2010
  By Adam Satariano Feb. 8 (Bloomberg) -- Electronic Arts Inc. , the world’s second-largest video-game publisher, tumbled in extended trading after its full-year forecast trailed some analysts’ estimates. Fiscal 2011 profit, excluding some items, will be 50 cents a share to 70 cents a share, the Redwood City, California-based company said today in a statement. […]
• Electronic Arts Falls as Game Maker’s Full-Year Forecast Trails Estimates February 8, 2010
  By Adam Satariano Feb. 8 (Bloomberg) -- Electronic Arts Inc. , the world’s second-largest video-game publisher, tumbled in extended trading after its full-year forecast trailed some analysts’ estimates. Fiscal 2011 profit, excluding some items, will be 50 cents a share to 70 cents a share, the Redwood City, California-based company said today in a statement. […]
• Stocks in U.S. Retreat as Europe Debt Concern Overshadows Analyst Upgrades February 8, 2010
  By Rita Nazareth Feb. 8 (Bloomberg) -- U.S. stocks slid and the Dow Jones Industrial Average closed below 10,000 for the first time since November amid concern that deteriorating European government finances will derail the economic recovery. Bank of America Corp. and American Express Co. lost at least 2.8 percent for the biggest declines in the Dow. Nasdaq […]