Bristol-Myers Squibb to buy Amylin for about $5.3 billion Fri,29 Jun 2012 07:15 PM PDT Reuters - (Reuters) - Bristol-Myers Squibb Co agreed to buy Amylin Pharmaceuticals Inc for about $5.3 billion, or for $31 per share in cash. Bristol-Myers Squibb said it will finance the acquisition from its existing cash resources and credit facilities. Transactions are expected to be dilutive to adjusted earnings in 2012 and 2013 by about 3 cents, the company said in a statement. (Reporting by Chandni Doulatramani in Bangalore; editing by Carol Bishopric) Full Story
After health ruling, will U.S. be ready for the law? Fri,29 Jun 2012 05:43 PM PDT Reuters - WASHINGTON (Reuters) - Now that the Supreme Court has removed the main legal challenge to President Barack Obama's healthcare overhaul, policy experts question whether enough U.S. states will be ready to implement the law when it takes full effect in 2014. Up to now, most states have avoided decisive action to build the private insurance exchanges that would extend health coverage to an additional 16 million Americans. Governors in largely Republican states who oppose the entire law may still refuse to act on the exchanges, requiring the federal government to step in to operate them. ... Full Story
NYSE catch saves broker from disastrous blunder Fri,29 Jun 2012 04:39 PM PDT Reuters - NEW YORK (Reuters) - They might be tooting their own horn, but the New York Stock Exchange may have a point. A programming error on a massive trade by a broker-dealer on Friday nearly caused a "disastrous" set of events at market close that could have cost millions, but was caught by a person overseeing end of day trading, the exchange, owned by NYSE Euronext , said. ... Full Story
NY state sues former head of abortion group over lavish spending Fri,29 Jun 2012 04:15 PM PDT Reuters - NEW YORK (Reuters) - The New York state Attorney General's office is suing the former head of the New York chapter of the nation's largest abortion-rights advocacy group, accusing her of using more than $250,000 in charitable funds to finance a lavish lifestyle. The lawsuit, filed in New York state Supreme Court on Thursday, came a year after Kelli Conlin pleaded guilty to criminal charges brought by the Manhattan district attorney. She resigned as president of NARAL Pro-Choice New York in January 2011. ... Full Story
Dangerous heat smothers third of U.S., suspected in deaths Fri,29 Jun 2012 04:04 PM PDT Reuters - NASHVILLE, Tennessee (Reuters) - Temperatures in the triple digits were causing misery in the eastern and southern United States on Friday, with both Columbia, South Carolina and Nashville, Tennessee reaching all-time records of 109 degrees Fahrenheit. The heat is suspected in the deaths of three young children. Marked in pink on a Weather Underground map of the United States, a heat advisory spread like a rash over a third of the country, from Nebraska east to New York and south to Florida. ... Full Story
SAN ANTONIO (Reuters) - A military judge on Friday rejected a request by accused Fort Hood gunman Major Nidal Hasan to delay his court martial a third time and ordered him to stand trial August 20 for the 2009 shooting that left 13 people dead and 31 wounded. Hasan faces the death penalty if convicted. The Army psychiatrist is accused of opening fire on a group of soldiers at the Central Texas Army post who were preparing to deploy to Afghanistan. He was shot four times by Fort Hood civilian guards and now uses a wheelchair. His defense attorney, Lt. Col. ...
Quebec government lends C$58 million to asbestos mine Fri,29 Jun 2012 02:41 PM PDT Reuters - (Reuters) - The Canadian province of Quebec said on Friday it will lend investors C$58 million ($56.89 million) to extend the life of one of Canada's last remaining asbestos mines, boosting production in an industry that has drawn heavy criticism. The cash infusion will allow the investor group, led by Quebec company Balcorp Ltd, to reopen the Jeffrey mine in the town of Asbestos in Quebec's Eastern Townships and complete a long-planned expansion. The expansion could extend the mine's life by more than 20 years, the Quebec government said in a statement. ... Full Story
(Reuters) - Carl Icahn's lead nominee for Forest Laboratories Inc's board has an incentive to help the billionaire investor make a profit of more than $340 million, or 37 percent, in an unusual arrangement that could raise governance questions and hurt the activist in his proxy fight against the U.S. drugmaker. Icahn owns about 26.4 million shares, or 9.92 percent of Forest, making him the second-largest investor in the company. Icahn sued Forest in Delaware's Court of Chancery on Thursday, demanding more information about its succession planning. ...
Prostate surgery tied to need for bladder surgery Fri,29 Jun 2012 02:00 PM PDT Reuters - NEW YORK (Reuters Health) - One in 20 men who have their prostate gland removed may need a second surgery for severe loss of bladder control, new research from Canada suggests. Based on more than 25,000 men who had prostate surgery, the study also found that rates of subsequent surgery for urinary incontinence doubled between five and 15 years after the first operation. "The risk of incontinence will continue and (will) increase from a cancer survivor's perspective," said lead author Dr. Robert Nam, from the University of Toronto. ... Full Story
WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney took his fight against President Barack Obama's newly upheld healthcare law out on the campaign trail on Friday, attempting to use it to galvanize support for his bid to oust Obama on November 6. Campaign supporters of Obama sought to blunt Republican criticism that the law will amount to a new tax increase on Americans. A 5-4 majority of U.S. Supreme Court justices ruled the law constitutional on Thursday by saying it falls under Congress' authority to levy taxes. ...
Small babies at higher risk of autism, not Asperger Fri,29 Jun 2012 01:26 PM PDT Reuters - NEW YORK (Reuters Health) - Babies born small or prematurely go on to develop autism at higher rates, although the risk is still small, according to a new study from Finland. The research is part of a global push to identify the culprits behind the developmental disorder and the recent uptick in its occurrence, which has had scientists scratching their heads for years. "Previous reports of how birth weight or gestational age is associated with autism have not been consistent," Dr. Andre Sourander, a psychiatrist at Turku University, told Reuters Health by email. ... Full Story
New York Amish vaccinate horses against deadly brain disease Fri,29 Jun 2012 12:36 PM PDT Reuters - ALBANY, New York (Reuters) - Amish farmers, whose beliefs stop them from inoculating their children but not their horses, thronged a first-ever free veterinary vaccination clinic this week to fend off a disease that has killed a dozen horses and a four-year-old girl. Demand for the vaccine against Eastern Equine Encephalitis, the mosquito-borne disease that attacks the brain, was so high at the two-day state-funded clinic that veterinarians vaccinated nearly 40 horses on Thursday and were expected to treat another 150 horses on Friday. ... Full Story
Nicotine patch safe after heart attack: study Fri,29 Jun 2012 12:04 PM PDT Reuters - NEW YORK (Reuters Health) - Nicotine replacement therapy appears to be safe for people discharged from the hospital after suffering a heart attack or chest pains, according to a small new study. The results are good news for a group of patients whose need to quit smoking is especially pressing, researchers said. "We know continued smoking after a heart attack greatly increases the risk of a recurrent heart attack, (but) the ability of patients to quit smoking cold turkey is pretty low in general," said Dr. Kevin Woolf, a cardiologist at Hillsboro Cardiology in Oregon, who led the study. ... Full Story
Flesh-eating bacteria patient to leave Georgia hospital Fri,29 Jun 2012 11:51 AM PDT Reuters - ATLANTA (Reuters) - The Georgia graduate student who just weeks ago was fighting for her life after contracting a rare flesh-eating bacterial infection will be released from the hospital on Monday to continue her recovery at a rehabilitation center, her father said on Friday. Aimee Copeland, 24, has undergone amputations of her left leg at the hip, both hands and her remaining foot after being diagnosed with necrotizing fasciitis, a bacterial infection that can destroy muscles, skin and tissue. ... Full Story
What hypoallergenic dog? Fri,29 Jun 2012 11:44 AM PDT Reuters - NEW YORK (Reuters Health) - The allergy-friendly dog may be little more than wishful thinking, a new study of Labradoodles and other allegedly hypoallergenic breeds suggests. In fact, scientists found that "hypoallergenic" canines had more allergy-causing protein in their fur than did dogs without the label. And the air in their owners' homes contained no less of the allergenic protein. "The term 'hypoallergenic' is a misnomer that is not evidence based," they conclude in their report, published this week in the Journal of Allergy and Clinical Immunology. ... Full Story