Dow marks tenth straight gain as jobless claims fall
U.S. weekly jobless claims dropped 10,000 to 332,000 boosting market momentum. European indexes rose with the FTSE 100 up 0.74 percent, DAX up 1.1 percent, and CAC-40 up 0.9 percent as optimism extends from Dow records.
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FDA probes cancer risk signals in new diabetes drugs
FDA reviews new evidence suggesting some recently approved diabetes medicines may trigger pancreatitis and pre cancerous pancreatic changes. Researchers studied tissue from patients who died and were on these drugs. Agency notes no conclusion of cancer risk yet and urges patients to consult doctors.
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Solar panel installations surge in 2012
New York AP report shows U S solar installations rising 76 percent in 2012 to 3,313 megawatts of peak capacity from 1,887 in 2011. Panels will generate about the electricity of a medium coal plant powering roughly 400,000 homes. Prices fell 27 percent, aiding financing programs for homeowners while hurting makers like First Solar and Suntech amid global oversupply.
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