Flu fears fuel antiviral drug sales surge in U S
Americans panic over H1N1 as pharmacy data show 257 459 Tamiflu prescriptions and 13 710 Relenza fills in the week ending last Friday. Total four antivirals reached 287 481 prescriptions, a dramatic rise from the prior week amid growing outbreak headlines.
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Buffett foresees tough near term yet hopeful long run
Warren Buffett says the U.S. economy will face a difficult period before recovery. He notes consumer spending shifts and slower activity across Berkshire subsidiaries, but remains enormously optimistic about America's future. Charlie Munger and Bill Gates back the general recovery path and critique of TARP though essential.
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Chrysler lenders seek to block Fiat deal in bankruptcy case
In New York a dissident lender group asks the court to stop Fiat's purchase of Chrysler assets and to block payment of $8 billion in pre bankruptcy costs to suppliers dealers and employees, arguing the move favors unsecured creditors over secured ones. The judge postponed a ruling on starting asset sale to Fiat tied financing from the U.S. and Canada.
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Tyree weighs bid for Sun Times in Chapter 11 case
Chicago investor James Tyree of Mesirow Financial says he may lead a group to bid on the bankrupt Sun Times Media Group. He will not include Mesirow in the bid and plans to preserve the Chicago Sun Times, the suburb papers and related sites. Tyree notes the field of bidders could grow as he reviews the books.
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