LabCorp cuts 2009 guidance The Business Review (Albany)
bizjournals.com — Medical diagnostics company LabCorp has cut its earnings outlook for 2009, calling it prudent to do so in the down economy. LabCorp (NYSE: LH), which is based in Burlington, NC, and has 100 employees in the Albany, NY, area, did say that it will meet ........More… (Business)
Boston Sci buys drugeluting stent firm
bizjournals.com — Boston Scientific Corp. has bought an Irish company that’s developing technology used to coat drug-eluting stents for an undisclosed amount......More… (Business)
McGrawHill Cuts 375 Jobs Takes $16.4 Million Charge
bloomberg.com — By Sarah Rabil Jan. 6 (Bloomberg) -- McGraw-Hill Cos., the owner of the Standard & Poor’s credit-rating service, cut 375 more jobs in the fourth quarter as the market slowdown and US recession erode revenue......More… (Business)
German Billionaire Merckle Dies
online.wsj.com — FRANKFURT -- German investor Adolf Merckle has died after reportedly being hit by a train near Ulm, Germany, according to Die Welt newspaper......More… (Business)
US Service Industries Contracted for Third Month
bloomberg.com — By Shobhana Chandra Jan. 6 (Bloomberg) -- US service industries contracted in December for a third consecutive month as consumers retrenched and the housing slump worsened......More… (Business)
Stocks pare gains following mixed economic reports
google.com — NEW YORK (AP) - Stocks pared some of their earlier gains Tuesday following disappointing readings on pending home sales and factory orders......More… (Business)
Nov pending home sales drop 4 pct to 7yr low
reuters.com — WASHINGTON (Reuters) - Pending sales of existing US homes plunged to a seven-year low in November, data showed on Tuesday, as mounting job losses and a deepening economic recession kept potential house buyers on the sidelines......More… (Business)
Boston 4alarm fire destroys restaurants
news.bostonherald.com — By Jessica Fargen One hundred Boston firefighters braved the freezing cold overnight to battle a fast-moving fire that caused $5 million in damage to six restaurants and a dry cleaning business near Fenway Park [map], according to the Boston Fire ........More… (Business)