Greece talks on austerity fail after eight hours
Greece's coalition leaders fail to reach consensus with the troika on pension and state cuts needed to meet the 2012 fiscal target. Prime Minister Papademos, Finance Minister Venizelos, and Labor Minister Koutroumanis negotiate while opposition leaders press for changes. The $172 billion bailout hangs on narrowing a $397 million gap in planned cuts.
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Giorgos Karatzaferis
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Karatzaferis
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Sprint posts deeper loss after iPhone rollout
Sprint Nextel reports its largest quarterly loss in three years as it bets on iPhone sales to boost growth. The carrier spent heavily to offer iPhones, buying devices from Apple for about 600 dollars and selling them subsidized. Despite 1.8 million iPhones activated in the quarter and 161,000 net subscribers added, the move widened the loss by 630 million dollars.
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Sprint
Sprint Nextel Corp
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At&t Inc
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Apple Inc
At&t
Apple
Overland Park, Kan
Plavix patent saga ends with Apotex payout to rivals
Apotex Corp pays Bristol-Myers Squibb and Sanofi 442.2 million in damages plus interest and costs to settle a decade-long patent litigation over Plavix. The case follows an illegal deal to delay generic sales and an FDA antitrust crackdown after an at risk launch of clopidogrel in 2006.
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Beijing vows 13 percent yearly wage rise and 45 million jobs
China's Cabinet promises minimum wages up 13 percent annually through 2015 and to create 45 million new jobs. The plan aims to lift urban job seekers and rural migrants, backed by tax breaks, loans, and a $2.5 billion startup fund as inflation pressures persist.
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