CEO indicted in fraud scheme that collapsed Puerto Rico bank
The former CEO of an international pharmaceutical company was indicted Friday in a more than $100 million fraud scheme that authorities say led to the collapse of one of Puerto Rico's largest banks.
Glaxo paying $20M to resolve SEC charges of China bribery
GlaxoSmithKline PLC has agreed to pay $20 million to resolve U.S. regulators' allegations that the pharmaceutical giant's China operations bribed officials to boost drug sales.
Congressional Gold Medal to Mercy Ships
With global unrest becoming the norm, we are reminded humanitarians do still exist and are making a difference.
BMW issues recall for new Takata air bag problem
BMW is recalling 4,000 SUVs in the U.S. and Canada to fix a new and potentially deadly problem with Takata air bag inflators.
US closes probe of Jeep automatic braking; no recall sought
U.S. safety regulators are closing an investigation into the Jeep Grand Cherokee's automatic braking system without seeking a recall.
Recalls this week: bicycles, stools, pool alarms
Bicycles with a faulty seat and stools with faulty legs are among this week's recalled consumer products.
Subaru recalls about 593K cars; wiper motors can overheat
Subaru is recalling nearly 593,000 vehicles, some for a second time, because windshield wiper motors can overheat and increase the risk of a fire.
Volvo recalls 44K vehicles; leak can cause air bag problem
Volvo is recalling about 44,000 cars and SUVs in the U.S. because the air conditioning can leak water into the vehicles and cause air bags to malfunction.
Obamacare causing your health care costs to rise?
Impact of Obamacare
Did landmark laws from Congress enable high drug prices?
Lawmakers are venting outrage over high prescription drug costs, but if Congress is looking for culprits, it might want to look in the mirror.
FDA approves 'artificial pancreas' to manage diabetes
Federal regulators have approved a first-of-a-kind "artificial pancreas," a device that can help some diabetes patients manage their disease by constantly monitoring their blood sugar and delivering insulin as needed.
Danish drug maker Novo Nordisk to lay 1,000.
Danish drug maker Novo Nordisk says it plans to lay off some 1,000 employees globally to reduce operating costs because of "a challenging competitive environment, especially in its large US market." One of the world's leading makers of diabetes medicines says half the job cuts are expected to be in Denmark.
Takata sells auto interiors unit as recall costs rise
Troubled air bag maker Takata Corp. of Japan is selling its automotive interior trim and seating material operation, raising cash as its inflator recall costs continue to mount.
FDA approves device to automatically manage diabetes
Federal regulators have approved a first-of-a-kind implant that can help some diabetes patients manage their disease, freeing them from the ordeal of constantly monitoring their blood sugar.
Healthcare Industry Prepares for a Wave of M&A
Healthcare policies and the Affordable Care Act have been hot button issues throughout the 2016 presidential race, and the corresponding concerns are now spilling over into private practices.
Ford recalls Focus hatchbacks for latch release problem
Ford is recalling about 74,000 Focus hatchback cars with manual transmissions in the U.S. and Canada because the hatches can be unlatched too easily while the cars are moving.
US guidelines on self-driving cars get good reception at G-7
U.S. Transportation Secretary Anthony Foxx says his counterpart ministers from the Group of Seven nations welcomed the new U.S. guidelines on regulating self-driving cars at a weekend meeting in Japan, and they agreed to work together to maintain safety.
Russia revises ban on imports of Egyptian plant products
Russia's food safety watchdog has revised its ban on imports of fruit and vegetables from Egypt after the lifting of Egyptian wheat import restrictions that have hurt Russia.
Pfizer Won't Pursue a Split
Pfizer said Monday that it would remain a single company, deciding not to split its established and new medical lines into separate companies.
Satellite technology beams expertise to remote Alaska clinic
The only clinic in one of the nation's busiest commercial fishing ports is so remote that even conventional telemedicine for emergencies has been impossible for its limited staff — until this week.












