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SEC scores partial win in insider trading case over 2009 Sanofi deal Thursday, Mar 06, 2014 06:46 PM PST Federal securities regulators have won a partial victory against two brothers accused of trading on inside information in 2009 about French pharmaceutical company Sanofi's plan to buy a Tennessee-based company. A jury in the U.S. district court in Cleveland, Ohio, found that Andrew Jacobs and Leslie Jacobs committed insider trading in the context of a tender offer, the U.S. Securities and Exchange Commission announced in a statement. At the same time, the jury also found that the brothers were not liable under a broader insider trading statute not specific to tender offers, Ned Searby, a lawyer for Leslie Jacobs, said. The decision is the latest in a string of mixed jury verdicts that highlight how difficult it can be for the SEC to obtain clear-cut victories in complex securities cases. Full Story | Top |
'Too drunk' gambler sues Las Vegas casino over $500,000 debt Thursday, Mar 06, 2014 02:39 PM PST (Reuters) - A California man who lost $500,000 in 17 hours gambling at a Las Vegas casino was so drunk he could not remember the episode after waking up in his hotel room, said a lawsuit filed on his behalf that seeks to erase the debt. Mark Johnston, 52, arrived drunk at the Downtown Grand casino and was plied with free alcoholic drinks while he gambled, according to the suit filed February 18 in Nevada state court for Clark County. After leaving the gaming tables, Johnston went to his hotel room and woke up the next day with no memory of his time at the tables, stated the lawsuit, depicting his mental state while gambling as a "blackout period." Johnston's attorney, Sean Lyttle, described him as a self-made millionaire who previously owned a number of car dealerships and was involved in real estate development. Starting on the night of January 30 and running into the next afternoon at the casino in downtown Las Vegas, a few miles from The Strip, Johnston played pai gow and blackjack for 17 hours and was served about 20 drinks, according to the lawsuit. Full Story | Top |
U.S. official in charge of Obamacare exchanges resigns Thursday, Mar 06, 2014 02:37 PM PST | Top |
Rifle-toting McConnell seeks firepower for re-election campaign Thursday, Mar 06, 2014 02:28 PM PST | Top |
Financial 'vicious cycle' traps poor women caregivers Thursday, Mar 06, 2014 02:05 PM PST "We looked at the relationship among parental caregiving, labor force participation and financial wellbeing," said lead author Yeonjung Lee, a researcher and professor at the Faculty of Social Work at the University of Calgary in Alberta, Canada. Overall, the researchers found, women who cared for their parents in 2006 and 2008 had lower incomes in 2008 and 2010. Full Story | Top |
The dawning of the age of genomic medicine, finally Thursday, Mar 06, 2014 01:30 PM PST | Top |
Chemo drug helps HIV patients respond to Sangamo gene therapy Thursday, Mar 06, 2014 01:21 PM PST | Top |
Texas abortion provider closes two clinics, citing new law Thursday, Mar 06, 2014 01:09 PM PST By Lisa Maria Garza DALLAS (Reuters) - Two more Texas abortion providers said they will shut down this week, saying their doctors were unable to get admitting privileges to nearby hospitals as required under new restrictions enacted by the state last year. Proponents of new regulations say they were designed to protect women's health. Women's rights groups have complained that they were designed to put abortion clinics out of business and have already succeeded in eliminating a third of them. Women in parts of Texas now must drive for hours to reach a clinic. Full Story | Top |
U.S. House advances bill curbing EPA power plant emission limits Thursday, Mar 06, 2014 12:11 PM PST By Valerie Volcovici WASHINGTON (Reuters) - A bill to curb the ability of the U.S. Environmental Protection Agency to set limits on carbon emissions from power plants cleared a hurdle in the House of Representatives on Thursday but faces bleak prospects of becoming law. The Republican-controlled House passed the bill by a 229-183 vote but the Senate, in which Democrats hold a majority, has no timetable to consider the legislation. President Barack Obama already has threatened to veto the bill. The legislation was the latest in a series of strong messages sent by lawmakers from large coal producing states to Obama, as his administration aims to cement a legacy of combating climate change by cracking down on carbon emissions. Full Story | Top |
No clear winner for neck pain treatment: study Thursday, Mar 06, 2014 12:09 PM PST By Kathleen Raven NEW YORK (Reuters Health) - Exercise and strengthening may not be the best approach for all kinds of neck- and whiplash-related pain, according to a new analysis by Canadian researchers. Instead, the new research "suggests that people with neck pain have many options when choosing how to improve it," Janet Freburger told Reuters Health. "There were no major differences between the types of exercise programs, or (evidence) that exercise in general was beneficial," said Freburger, an associate director at the Sheps Center for Health Services Research at the University of North Carolina at Chapel Hill. After reviewing 10 randomized controlled trials for neck pain treatment published since 2008, researchers concluded that certain treatments may be helpful for specific types of neck pain, depending on whether it is mild or severe. Full Story | Top |
Removing playground benches may get adults moving Thursday, Mar 06, 2014 11:04 AM PST By Elizabeth DeVita-Raeburn NEW YORK (Reuters Health) - Getting adults to be more active on visits to children's playgrounds could be as simple as removing the temptation to sit, a small new study suggests. Inspired during his daily lunchtime walks by the sight of parents sitting on playground benches, a U.S. researcher has shown that moving the seating away from the area increased the amount of exercise that parents and caregivers got as they watched their kids. "For such an easy and inexpensive change, we were able to shift many adults from sitting to standing and that alone promotes health," said lead author James Roemmich, a supervisory research physiologist at the U.S. Department of Agriculture in Grand Forks, North Dakota. The study, published in the journal Preventive Medicine, focused on a single playground in Grand Forks, where parents tended to congregate at eight picnic tables with benches and watch their children. Full Story | Top |
Older adults may struggle with excess possessions Thursday, Mar 06, 2014 11:03 AM PST By Allison Bond NEW YORK (Reuters Health) - A lifetime's worth of acquisitions and mementos may bring comfort to older adults, but this "material convoy" can also become more burdensome with age, U.S. researchers say. "Having too many things is an obstacle to (older adults) being able to move to or live somewhere" smaller that better suits them, said lead author David Ekerdt, who is director of the gerontology center at Kansas University in Lawrence. "For the first time, we have data about older people's regards for their possessions," Ekerdt told Reuters Health. They included how often people had "cleaned out or reduced the number" of belongings, and how often these possessions were sold, given to friends or family or donated to organizations. Full Story | Top |
Climate change could mean more malaria in Africa, South America Thursday, Mar 06, 2014 10:02 AM PST By Kate Kelland LONDON (Reuters) - Future global warming could lead to a significant increase in malaria cases in densely populated regions of Africa and South America unless disease monitoring and control efforts are increased, researchers said on Thursday. In a study of the mosquito-borne disease that infects around 220 million people a year, researchers from Britain and the United States found what they describe as the first hard evidence that malaria creeps to higher elevations during warmer years and back down to lower altitudes when temperatures cool. This in turn "suggests that with progressive global warming, malaria will creep up the mountains and spread to new high-altitude areas," said Menno Bouma, an honorary clinical lecturer at the London School of Hygiene & Tropical Medicine (LSHTM). And because people who live in these areas have no protective immunity because they are not used to being exposed to malaria, they will be particularly vulnerable to more severe and fatal cases of infection, he added. Full Story | Top |
Aviva offloads pension fund longevity risk in record deal Thursday, Mar 06, 2014 09:36 AM PST By Jemima Kelly LONDON (Reuters) - British insurer Aviva has agreed to transfer the risk of members of its staff pension scheme living longer than expected to three reinsurers for 5 billion poundsin the largest deal of its kind. Aviva's transaction by itself represents more than half of the total 8.9 billion pounds of longevity swaps in 2013 and is substantially larger than the previous 3.2 billion pound record set by BAE Systems last year. Longevity swaps, which involve a final-salary pension scheme hiving off the risk that it will have to pay pensioners for longer than expected, have become a growing market because statisticians have consistently underestimated life expectancy. Aviva told Reuters on Thursday that the deal was agreed with Swiss Re, Munich Re and SCOR. Full Story | Top |
U.S. teens' e-cigarette use associated with smoking: study Thursday, Mar 06, 2014 08:09 AM PST | Top |
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