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Roche ordered to pay $13M to users of acne drug

A jury has ordered drugmaker Roche to pay nearly $13 million to three patients who claim they developed a chronic bowel disorder because of the company's acne drug Accutane. Roche's U.S. subsidiary Hoffman-La Roche said it would appeal the verdict. The money, handed down in New Jersey State

Publication: AP Worldstream

Russian power sector reform under threat

As Russian winter approaches, there are fears Moscow's much-vaunted electricity reform _ aimed at heading off looming power shortages _ will fall victim to the country's economic crisis. Investors fear that the climate has frozen the movement toward reform of the country's creaking power system, as

Publication: AP Worldstream

US stocks reverse losses on hopes for car makers

Stocks have reversed steep morning losses to push higher Thursday after aides to a bipartisan group of senators say they have reached a compromise to funnel emergency loans to Detroit's car makers. Republicans and Democrats from states with automakers plan to present the proposal at a mid-afternoon

Publication: AP Worldstream

Norway picks US fighters to replace aging fleet

The U.S.-developed F-35 fighter jet has been chosen to replace Norway's aging F-16 aircraft in a purchase that would cost the NATO member about 18 billion kroner ($2.5 billion) for 48 aircraft, officials said Thursday. Norway chose the aircraft to replace U.S.-made F-16s in preference to JAS Gripen

Publication: AP Worldstream

Canadian government promises economic stimulus

Canada's Conservative government says it will boost spending to help the economy recover from one of its biggest downturns since the Great Depression. Prime Minister Stephen Harper also told Parliament on Thursday that Canada would join in any major international spending effort to stimulate the

Publication: AP Worldstream

US stocks pull off of losses on auto bailout hopes

Hopes that U.S. lawmakers could extend relief to the troubled auto industry eased some of investors' worries about the economy Thursday. Stocks pulled off of steep losses but remained volatile after aides to a bipartisan group of senators said they have reached a compromise to funnel emergency

Publication: AP Worldstream

UAW head says inaction on bailout 'not an option'

United Auto Workers President Ron Gettelfinger urged Congress and the Bush administration to act immediately on loans for U.S. automakers, saying one or more of them could collapse by the end of the year without it. Gettelfinger spoke at a Detroit news conference just as reports surfaced that a

Publication: AP Worldstream

Colombia police tear-gas pyramid scheme clients

Police tear-gassed protesters Thursday as a crackdown on illegal investment schemes exposed class divisions in Colombian society. Rather than see President Alvaro Uribe as their savior, many investors were taking the other side. Thousands of angry investors gathered in the capital to protest the

Publication: AP Worldstream