Attempt to redo White House agreement with drugmakers is rebuffed by Finance panelSeptember 24th, 2009 Senators rebuff attempt to squeeze drugmakersWASHINGTON — Senators writing a sweeping health care overhaul have rebuffed an attempt to squeeze more money from the drug industry for medicines used by low-income seniors. By a 13-10 party line vote, the Democratic-dominated Senate Finance Committee defeated an amendment requiring rebates of $106 billion over 10 years from the industry.
Health care issues: Proposed drug industry savingsSeptember 18th, 2009 Health care issues: Proposed drug industry savingsA look at key issues in the health care debate:
THE ISSUE: Is the pharmaceutical industry's agreement to lower drug costs by $80 billion over the next decade fair?
THE POLITICS: The industry's trade group, the Pharmaceutical Research and Manufacturers of America, agreed to contribute those savings to help pay for Democrats' proposed $1 trillion health care overhaul. That deal was struck with the White House and the chairman of the Senate Finance Committee, Democrat Max Baucus of Montana.
Procter & Gamble projects earnings boost from pharma sale, sees sales improving this yearSeptember 10th, 2009 P&G sees sales starting to rise again in 2QCINCINNATI — The Procter & Gamble Co., maker of Tide laundry detergent and Gillette shavers, expects sales to begin rebounding this fall as it cuts prices and adds new versions of its consumer products that emphasize value. P&G shares jumped $2.21, or 4.1 percent, to $55.97 Thursday morning.
Hyundai's August sales jump nearly 11 percentSeptember 1st, 2009 NEW DELHI - Hyundai Motor India, the countrys second largest car manufacturer and the largest passenger car exporter, Tuesday reported a growth of 10.7 percent in sales in August. The company sold 49,521 vehicle last month as against 44,710 units sold in August last year, it said in a statement.
TVS Motor sales jump 11 percent in AugustSeptember 1st, 2009 CHENNAI - Two-wheeler manufacturer TVS Motor Tuesday reported an 11 percent growth in August, totting up sales of 126,842 units as against 114,321 units sold in the corresponding month last year. "The company has thus achieved a cumulative sales growth of 5 percent for the period April to August 2009 with cumulative growth of 10 percent in domestic sales, TVS said in a statement.
WSJ: Warner Chilcott could announce $3 billion purchase of P&G's prescription drug unit MondayAugust 23rd, 2009 Report: Warner Chilcott to buy P&G's pharma unitDrug maker Warner Chilcott PLC could announce a $3 billion takeover of Procter & Gamble Co.'s prescription drug business as early as Monday, The Wall Street Journal has reported, citing unidentified people familiar with the deal. Asked to comment on the report Sunday, P&G spokesman Tom Millikin told The Associated Press that the consumer products company does not respond to rumor or speculation.
Dutch operator of US Stop & Shop, Giant grocery stores says sales rose 11.5 percent in Q2July 28th, 2009 Ahold sales rise 11.5 percent in Q2AMSTERDAM — Royal Ahold NV, the Dutch operator of U.S. grocery chains Stop & Shop and Giant, reported Tuesday an 11.5 percent rise in sales for the second quarter, due to modest growth and a strong dollar.
Orissa's iron and steel industry performance dipsJune 21st, 2009 BHUBANESWAR - The iron and steel industry in Orissa has recorded negative trends in its performance parameters between October 2008 and March 2009, compared to the previous two quarters of 2008-09, an industry report released Sunday said. "There has been a decline in the industry's production by 10-12 percent," the first bi-annual industry monitor report by the regional chapter of the Confederation of Indian Industry (CII) said.
Hyundai domestic sales up 3.4 percentMay 1st, 2009 NEW DELHI - Hyundai Motor India, the second largest car manufacturer in the country, recorded a 3.4 percent growth in its domestic sales for April 2009 at 22,247 units against 21,510 sold the same month last year. 'As compared to last year we saw a modest growth in April.
GlaxoSmithKline posts 13 percent drop in 1Q net profit as US pharma business slumpsApril 22nd, 2009 Glaxo 1Q profit drops 13 percentLONDON — GlaxoSmithKline, the world's second largest drug maker by revenues, posted a 13 percent drop in net profit for the first quarter on Wednesday, as strong sales in Europe and emerging markets were offset by a poor performance in its U.S. pharmaceutical business.
Report: Drug sales to fall in US, growth slowing globally due to recessionApril 22nd, 2009 Report: Drug sales to fall in US, slow elsewhereTRENTON, N.J. — A new forecast indicates pharmaceutical sales this year will rise globally by the slowest rate in a quarter-century and will actually decline in the U.S.
TVS Motor logs 4 percent sales growth in MarchApril 1st, 2009 CHENNAI - The city-based TVS Motor Co logged 4 percent growth in two-wheeler sales last month, the company said in a statement Wednesday. TVS sold 121,988 units in March as against 117,045 units sold in the corresponding period of the previous year, it added.
Humidity Measurement Seminar to be held in Mumbai on April 3March 30th, 2009 MUMBAI - Jupiter Electronics, a leader in process control instruments and marketing pressure, temperature, humidity and air velocity sensors and transmitters will conduct a seminar on 'Humidity Measurement in Various Industries' on April 3. Ritler, Sales Manager, Rotronic A.
Hyundai February sales rise over 45 percentMarch 2nd, 2009 NEW DELHI - Hyundai Motor India's domestic sales soared by over 45 percent in February compared to its sales the same month last fiscal, the company said Monday, but added that times were still challenging and nothing should be read into increased sales. Cumulative sales increased by about 32 percent and exports by over 18 percent, a company statement said.
TVS Motor logs 13 percent sales growth in FebruaryMarch 2nd, 2009 CHENNAI - Two-wheeler manufacturer TVS Motor has posted a 13 percent growth in sales in February, selling over 107,300 units as compared to the sales figure of 95,235 units for the corresponding period of the previous year. According to the company, exports amounted to 16,583 units for the period under review as against about 12,500 units shipped out the previous year.