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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 14, 2016
Page
5
Valeant Pharmaceuticals chief J Michael Pearson will be deposed by a Senate aging committee on Monday ahead of his April 27 hearing about drug price spikes. The panel scrutinizes Isuprel and Nitropress price increases and Valeant's role.
Facebook outlines Terragraph and Project ARIES to expand urban and rural connectivity using compact street level nodes and efficient spectrum. The firm aims to reduce costs and extend high speed Internet beyond city centers while continuing its Aquila solar drone program and collaboration with open source style research.
Peabody Energy, the largest US coal company, filed for Chapter 11 bankruptcy amid low natural gas prices, weak coal demand, and legacy costs. The company lists 10.1 billion in debts and 11 billion in assets, with operations at 26 active mines. CEO Glenn Kellow said the move aims to reduce debt and strengthen cash flow while continuing operations under court protection.
The IMF reports increased risks to world stability over six months, warning of renewed turbulence if policymakers fail to shield the financial system. It cites falling commodity prices, China’s slowdown, and limited policy tool effectiveness, with potential 4 percent weaker global output over five years.
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