Intel Faces FTC Antitrust Probe After Microsoft Case
The FTC widens its antitrust scrutiny to Intel Corp claiming the near monopoly on PC central processors and influence on industry standards. Industry analysts say the agency could present its case soon. Intel disputes the charges citing lawful compliance and strong performance.
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San Francisco
Justice Department
Microsoft Corp
Tian Intel Corp
Federal Trade Commission
Intel
FTC
Genentech ups share prices on Herceptin breast cancer trial
Investors boosted stocks after Genentech reported positive advanced human tests for Herceptin, a new antibody cancer treatment. The drug targets a protein in some breast cancers and could extend life by three to nine months for about 49,000 women. FDA decision due this fall. supply limits remain.
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Genentech Inc
Los Angeles
Genentech
San Francisco
Barbara Brenner
Breast Cancer Action
U.S. Food and Drug Administration
No Talks Amid Lear Romeo Corp Strike
Workers at Lear Romeo Corp on Taylor Street Abbe Road go on strike after early Saturday action. IAM Local 1849 machinists who produce fuel pumps for military and civilian aircraft picket. Negotiations await a mediator from the US MCS in Cleveland before resuming.
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U.S. Mediation & Conciliation Service
Cleveland
Lear Romeo
Crane Co
Stamford
Conn
Rubbermaid unit to buy Century line for 77.5 million
Graco Children's Products Inc in Rubbermaid unit will acquire assets of Century Products Co including operations in Canton Macedonia and Twinsburg Ohio and in Mexico for 77.5 million. Century is owned by Dallas based private equity firm Wingate Partners. The deal excludes Century Ok Homer Smith cribs and furniture.
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