BUSINESS DIGEST
Bank of America approves the purchase of 9% stake in China Construction Bank
With view on access to one of the hottest economies in the world, Bank of America Corporation said it had agreed to buy a 9 percent stake in China Construction Bank for 2.5 billion dollars. As part of the agreement, Bank of America invests more than $ 500 million, while China Construction Bank believes that its IPO. [C1.]
Disney is in the culinary controversy
If Hong Kong Disneyland announced that it would be shark’s fin soup, the Walt Disney Company was unusual in a trial of strength between Western sensitivities and Chinese tradition. [C1.]
Using global networks, the level of global consumption
Whirlpool is part of a new form of globalization that emphasizes centers of manufacturing and development in many countries, including the USA. [C1.]
KPMG recognizes any unlawful Tax Shelter
The large audit firm KPMG acknowledged illegality in the creation and sale of tax shelters, the government asserts that, deceived by the Treasury billions of dollars in taxes. [C1.]
Governor of the Fed prepares to enter political spotlight
S. Ben Bernanke, a governor in the Federal Reserve Board since 2002, goes straight into the political arena, as chairman of the takeover by President Bush Council of Economic Advisers. It is also available on the short list of potential candidates to Alan Greenspan as Fed chairman. [Page C9.]
Pfizer to buy Vicuron a drug company, for $ 1.9 billion
Pfizer said it would pay $ 1.9 billion for Vicuron Pharmaceuticals, a biotechnology company in Pennsylvania, an antifungal and antibiotic treatment at the end of the development phase. [C4.]
The Food and Drug Administration Advisory Panel recommended approval of a heart failure medication particularly for African-Americans. [C4.]
Wyeth said it had won approval from the federal authority to sell Tygacil, the first of a new class of antibiotics. [C4.]
Guidant political changes in the field of alternative defibrillator
Guidant began doctors say, to cover the costs of a new defibrillator if the physician and patient decide on a replacement is needed for a model that has failed in at least 26 cases including one death recently. [C2.]
Court to consider, in which the advertising costume Nasdaq
A federal appeals court should consider whether the Nasdaq stock market be held responsible for the promotion of action WorldCom. Advertising. [C8.]
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