Merck sells vaccine lab to PPD in research deal
reuters.com — NEW YORK (Reuters) - Pharmaceutical Product Development (PPDI.O), a large contract research company, has purchased Merck & Co's (MRK......More… (Business)
Progress Energy signs contract for nuclear plant
forbes.com — AP , 01.05.09, 10:17 AM EST Utility Progress Energy Florida on Monday said it struck a deal with Westinghouse Electric Co. and The Shaw Group Inc.'s Power Group for the development of two nuclear units for a proposed nuclear power plant in Levy County, ........More… (Business)
TREASURIESUS bonds sell off on looming supply
uk.reuters.com — By John Parry NEW YORK, Jan 5 (Reuters) - US Treasuries prices fell steeply early on Monday, extending the previous session's sell-off on prospects for a swelling supply of government debt that will be underscored by auctions this week, analysts said......More… (Business)
Gas prices jump again
money.cnn.com — The price of regular gasoline rises for the fifth day in a row, according to AAA survey, however consumption remains low. By Kenneth Musante, CNNMoney......More… (Business)
ATandT Verizon shares hit by analyst downgrade
reuters.com — NEW YORK (Reuters) - Shares of top phone companies AT&T Inc (TN) and Verizon Communications Inc (VZ.N) fell on Monday after Bernstein Research downgraded their ratings and price targets......More… (Business)
Czech gas flow from Russia down 9.5 pct importer
reuters.com — PRAGUE, Jan 5 (Reuters) - Gas supplies to the Czech Republic from Russia fell 9.5 percent on Monday, a spokesman for the country's main supplier said......More… (Business)
Construction spending stronger than expected
money.cnn.com — Despite a drop in homebuilding, the decline in 2008 construction spending was less than analysts forecast. At what level will the Dow Jones industrial average, which ended 2008 at 8776, finish 2009?.....More… (Business)
Hong Kongs main stock index rises 3.5 percent
google.com — HONG KONG (AP) - Hong Kong's key stock index rose 3.5 percent Monday, lifted by Wall Street's strong finish and hopes for more government measures to boost China's economy......More… (Business)