Tue, May 22, 2012
By Jonathan Allen
NEW YORK (Reuters) - The New York Racing Association has been temporarily placed under state control following the suspension last month of ...
Tue, May 22, 2012
By Colleen Jenkins
GREENSBORO, North Carolina (Reuters) - The North Carolina jury deciding whether former U.S. Senator John Edwards violated federal election laws during ...
Tue, May 22, 2012
LONDON (Reuters) - Robot "fish" developed by European scientists to improve pollution monitoring moved from the lab to the sea in a test at the ...
Mon, May 21, 2012
By Arshad Mohammed and Warren Strobel
WASHINGTON (Reuters) - Jeffrey Feltman, the top U.S. diplomat for the Middle East, is expected to leave the ...
Sun, May 20, 2012
By Mark Lamport-Stokes
LOS ANGELES (Reuters) - A late three-pointer by Kevin Durant capped a dramatic fightback by the Oklahoma City Thunder as they left ...
Thu, May 17, 2012
(Reuters) - Oklahoma City plunged the final dagger into the Los Angeles Lakers with a 106-90 rout that sent them to their second consecutive NBA ...
Thu, May 17, 2012
By Jeremy Wagstaff, Asia Chief Technology Correspondent
SINGAPORE (Reuters) - Even as Facebook fever grips investors ahead of the social networking giant's potential $100 ...
Mon, May 14, 2012
ATHENS (Reuters) - Greece's president has invited the leaders of the country's three biggest parties plus a smaller, moderate leftist group to take ...
Fri, May 11, 2012
By Nicola Leske
(Reuters) - Huawei's head of research and development in North America said his company is more than ready to take on ...
Thu, May 10, 2012
By Simon Evans
PONTE VEDRA BEACH, Florida (Reuters) - Britain's Ian Poulter and Martin Laird shared the lead at the Players Championship after firing ...
Wed, May 09, 2012
By Michael Arbeiter, Hollywood.com Staff
New screenshots for The Amazing Spider-Man showcase the early life of Peter Parker. From a few of these ...
Wed, May 09, 2012
From WENN.com
The Diff'rent Strokes actor, 42, died in May, 2010 after suffering a brain haemorrhage following a fall at his home ...
Wed, May 09, 2012
From WENN.com
Omar Epps, One Tree Hill star Paul Johansson and The Vampire Diaries' Zach Roerig are also enjoying the week-long vacation hosted ...
Wed, May 09, 2012
By Simon Evans
PONTE VEDRA BEACH, Florida (Reuters) - The PGA Tour will not take a stance over Augusta National's no-women membership policy or ...
Wed, May 09, 2012
By Ben Klayman
DETROIT (Reuters) - General Motors Co
Wed, May 09, 2012
By Yoko Kubota
TOKYO (Reuters) - Tokyo Electric Power Co, Japan's biggest utility and owner of the devastated Fukushima nuclear plant, will be taken ...
Wed, May 09, 2012
WASHINGTON (Reuters) - The economy is recovering at a moderate pace but won't regain full employment for several years, a top Federal Reserve policy ...
Wed, May 09, 2012
By Yoko Kubota
TOKYO (Reuters) - Tokyo Electric Power Co <9501.T>, Japan's biggest utility and the owner of the devastated Fukushima nuclear plant, will be ...9501.t>
Tue, May 08, 2012
By Michael Arbeiter, Hollywood.com Staff
New screenshots for The Amazing Spider-Man showcase the early life of Peter Parker. From a few of these ...
Tue, May 08, 2012
From WENN.com
The Diff'rent Strokes actor, 42, died in May, 2010 after suffering a brain haemorrhage following a fall at his home ...
Tue, May 08, 2012
From WENN.com
Omar Epps, One Tree Hill star Paul Johansson and The Vampire Diaries' Zach Roerig are also enjoying the week-long vacation hosted ...
Tue, May 08, 2012
By Kelsea Stahler, Hollywood.com Staff
We're not in Kansas anymore. Welcome to the brain of one miss Tina Cohen-Chang, wherein the slightest ...
Tue, May 08, 2012
NEW YORK (Reuters) - CBRE Group Inc
Mon, May 07, 2012
By Sinead Carew
NEW ORLEANS (Reuters) - T-Mobile USA, the No. 4 U.S. mobile provider, has received a lot of interest in the wireless ...
Mon, May 07, 2012
By Patricia Zengerle
WASHINGTON (Reuters) - Many conservatives are unexcited about Mitt Romney's presidential candidacy, but Republicans are counting on them to come out ...
Mon, May 07, 2012
By Lily Kuo
WASHINGTON (Reuters) - Brian McNamee, the key government witness in the perjury trial of former baseball star Roger Clemens over the use ...
Sun, May 06, 2012
By Margaret Hartmann, Hollywood.com Staff
Exactly what percentage of your private area has to be covered in order to make it past YouTube ...
Sun, May 06, 2012
ATHENS (Reuters) - Greek Socialist leader Evangelos Venizelos called for a national unity government of all pro-bailout parties, but warned that forming such a coalition ...
Sat, May 05, 2012
By Margaret Hartmann, Hollywood.com Staff
Exactly what percentage of your private area has to be covered in order to make it past YouTube ...
Fri, May 04, 2012
(Reuters) - The visiting Phoenix Coyotes pushed the Nashville Predators to the brink of elimination with a 1-0 victory in Game Four of their Eastern ...
Fri, May 04, 2012
By Margaret Hartmann, Hollywood.com Staff
Exactly what percentage of your private area has to be covered in order to make it past YouTube ...
Fri, May 04, 2012
(Reuters) - Sprint Nextel chief Daniel Hesse said he would take a cut in pay this year, after coming under fire from some shareholders disappointed ...
Fri, May 04, 2012
The Wisconsin TimberRattlers erupted for seven runs in the 8th inning to erase a 2-1 deficit and beat the Clinton Lumberkings 8-2 in Iowa ...
Thu, May 03, 2012
By Tim Gaynor
PHOENIX (Reuters) - The results of a second set of tests to determine what caused the death of champion 26-year-old Norwegian swimmer ...
Thu, May 03, 2012
PARIS (Reuters) - Technicolor said U.S. bank JPMorgan Chase plans to take a stake of up to 29.96 percent in the French digital ...
Wed, May 02, 2012
LOS ANGELES (Reuters) - The husband and estranged daughter of 95-year-old actress Zsa Zsa Gabor, whom a doctor described as bedridden and mostly unresponsive, said ...
Tue, May 01, 2012
By Martin Petty
NAYPYITAW, Myanmar (Reuters) - Myanmar opposition leader Aung San Suu Kyi took a historic oath on Wednesday to join a parliamentary system ...
Tue, May 01, 2012
GREEN BAY, WI (WTAQ) - A proposal to keep an 8 a.m. start time for liquor stores to open in Green Bay will get ...
Tue, May 01, 2012
MILWAUKEE, WI (WTAQ) - If you own property in Milwaukee, it probably isn’t increasing in value. The Assessment Commission reports property values dropped nearly ...
Tue, May 01, 2012
By Jill Serjeant
LOS ANGELES (Reuters) - Spanking, sex and submission are raking in profits for erotic novel "Fifty Shades of Grey", reinvigorating marriages and ...
Mon, April 30, 2012
By Kelly Schremph, Hollywood.com Staff
The Wanted may be relatively new to the whole Hollywood scene, but they certainly aren't afraid to ...
Mon, April 30, 2012
From WENN.com
The Oscar winner has been offered the role of Sylvia Llewelyn Davies, whose children inspired J.M. Barrie to write Peter ...
Sun, April 29, 2012
Two days ago, Sacha Baron Cohen caused a stir when he made an unexpected pop-in at the CinemaCon gathering in Las Vegas ... as General ...
Sat, April 28, 2012
Two days ago, Sacha Baron Cohen caused a stir when he made an unexpected pop-in at the CinemaCon gathering in Las Vegas ... as General ...
Sat, April 28, 2012
PARIS (Reuters) - French President Nicolas Sarkozy challenged former IMF boss Dominique Strauss-Kahn on Saturday to take legal action over his allegation that "political enemies ...
Fri, April 27, 2012
Two days ago, Sacha Baron Cohen caused a stir when he made an unexpected pop-in at the CinemaCon gathering in Las Vegas ... as General ...
Thu, April 26, 2012
By Piya Sinha-Roy
LOS ANGELES (Reuters) - Boy band fever is storming the music scene in the United States, led by the Brits who are ...
Thu, April 26, 2012
By Andrea Burzynski
NEW YORK (Reuters) - As women increasingly press for greater equality in countries around the world, filmmakers are breaking barriers too, making ...
Wed, April 25, 2012
The Green Bay Gamblers beat the Youngstown Phantoms 6-3 on Tuesday night to take a 2 games to 1 lead in their second round ...
Mon, April 23, 2012
NEW YORK (Reuters) -
Europe's central bank will take "all necessary measures" to stabilize prices, and banks and governments should see its recent exceptional ...
Mon, April 23, 2012
MELBOURNE (Reuters) - Australian flu drug maker Biota Holdings has agreed to take over U.S. firm Nabi Biopharmaceuticals to create a $258 million group ...
Sun, April 22, 2012
The I Am Legend filmmaker is said to have received an official offer to step behind the camera for Catching Fire at a meeting ...
Sat, April 21, 2012
The I Am Legend filmmaker is said to have received an official offer to step behind the camera for Catching Fire at a meeting ...
Fri, April 20, 2012
The I Am Legend filmmaker is said to have received an official offer to step behind the camera for Catching Fire at a meeting ...
Fri, April 20, 2012
By Kyle Peterson, Karen Jacobs and Soyoung Kim
(Reuters) - Labor groups at bankrupt American Airlines said on Friday they support a potential merger with ...
Thu, April 19, 2012
The once-divorced star, who is currently dating basketball player Dwayne Wade, insists wedding-giddy girls should spend less time fretting about dresses and seating arrangements ...
Thu, April 19, 2012
The couple, who went public with the big news last week (13Apr12), jetted off to Guayaquil on Tuesday (17Apr12) en route to the Galapagos ...
Wed, April 18, 2012
The once-divorced star, who is currently dating basketball player Dwayne Wade, insists wedding-giddy girls should spend less time fretting about dresses and seating arrangements ...
Wed, April 18, 2012
Some people labor under the delusion that Halloween is the scariest day of the year, and perhaps for those under appropriate employment age, this ...
Tue, April 17, 2012
By Deepa Seetharaman
LOS ANGELES (Reuters) - Ford Motor Co will be slower to build electric-powered pickups and other larger vehicles because the batteries to ...
Tue, April 17, 2012
By Rie Ishiguro
OKAYAMA, Japan (Reuters) - The Bank of Japan is ready to implement additional monetary easing as necessary to help the economy recover ...
Sun, April 15, 2012
Just a few days after the trailer for Take This Waltz hit the Web, the official poster has been unveiled, along with photos from ...
Sun, April 15, 2012
By Laura MacInnis
CARTAGENA, Colombia (Reuters) - The U.S.-Colombia free trade agreement will enter into force next month, far earlier than expected, as ...
Sat, April 14, 2012
Just a few days after the trailer for Take This Waltz hit the Web, the official poster has been unveiled, along with photos from ...
Sat, April 14, 2012
The Rock and Roll Hall of Fame will honor its Class of 2012 on Saturday night in Cleveland, with Guns N' Roses , Red Hot ...
Fri, April 13, 2012
Just a few days after the trailer for Take This Waltz hit the Web, the official poster has been unveiled, along with photos from ...
Thu, April 12, 2012
By Dhanya Skariachan
NEW YORK (Reuters) - Best Buy Co's
Thu, April 12, 2012
It was an opportunity lost at the Bradley Center. The Milwaukee Bucks had a chance to grab the 8th playoff position in the NBA ...
Tue, April 10, 2012
By Diane Bartz
WASHINGTON (Reuters) - The U.S. House of Representatives will take up a cybersecurity bill at the end of April that lets ...
Tue, April 10, 2012
By Tim Kelly
TOKYO (Reuters) - Kazuo Hirai's brief honeymoon as Sony Corp's new chief has ended abruptly as the struggling electronics giant ...
Sun, April 08, 2012
Michelle Williams may be the only actress in Hollywood we all collectively root for to have a fairytale ending in real-life (seriously, who doesn ...
Sun, April 08, 2012
By Mark Lamport-Stokes
AUGUSTA, Georgia (Reuters) - South African Louis Oosthuizen and American Bubba Watson took the 76th Masters into a sudden-death playoff on Sunday ...
Sat, April 07, 2012
Michelle Williams may be the only actress in Hollywood we all collectively root for to have a fairytale ending in real-life (seriously, who doesn ...
Fri, April 06, 2012
Michelle Williams may be the only actress in Hollywood we all collectively root for to have a fairytale ending in real-life (seriously, who doesn ...
Thu, April 05, 2012
By Mark Lamport-Stokes
AUGUSTA, Georgia (Reuters) - Part Seve Ballesteros and part John Daly, newly crowned Masters champion Bubba Watson is a gifted shot-maker and ...
Mon, April 02, 2012
By Nanette Byrnes
(Reuters) - The take-home pay of U.S. chief executives grew at least 10 percent in 2011, propelled largely by a stock ...
Sat, March 31, 2012
(Reuters) - Take Charge Indy booked his place in this year's Kentucky Derby with an upset victory in Saturday's $1 million Florida Derby ...
Fri, March 30, 2012
By Henry Foy and Sumeet Chatterjee
MUMBAI (Reuters) - Executives of U.S. investment bank Goldman Sachs
Thu, March 29, 2012
By Henry Foy and Sumeet Chatterjee
MUMBAI (Reuters) - Executives of U.S. investment bank Goldman Sachs
Thu, March 29, 2012
The director wants to make a third installment to follow up his cult movies Clerk and Clerks II, but only if he can launch ...
Thu, March 29, 2012
When Katie Couric left the Today Show on NBC after 15 years, she left a morning show legacy behind. And April 2, she's ...
Tue, March 27, 2012
TOKYO (Reuters) - Taiwan's Hon Hai Precision Industry Co <2317.TW> will take an 11 percent stake in Japan's Sharp Corp <6753.T>, the Japanese company said ...6753.t>2317.tw>
Mon, March 26, 2012
By Fiona Ortiz
MADRID (Reuters) - Every Tuesday evening dozens of homeowners who cannot pay their mortgages gather in a cramped community center near Madrid ...
Sun, March 25, 2012
The Pianist star bid $15,000 (£9,400) for the odd item last year (Nov11) at a fundraiser to build a school in Haiti ...
Sat, March 24, 2012
The Pianist star bid $15,000 (£9,400) for the odd item last year (Nov11) at a fundraiser to build a school in Haiti ...
Fri, March 23, 2012
The Pianist star bid $15,000 (£9,400) for the odd item last year (Nov11) at a fundraiser to build a school in Haiti ...
Fri, March 23, 2012
By Emily Stephenson
(Reuters) - Legislation to allow the struggling Postal Service to eventually end Saturday mail delivery is expected to be debated in the ...
Thu, March 22, 2012
The Pianist star bid $15,000 (£9,400) for the odd item last year (Nov11) at a fundraiser to build a school in Haiti ...
Thu, March 22, 2012
The last spoiler-filled poster for Game of Thrones' upcoming second season dealt with the fate of House Stark, reminding us where we last left ...
Thu, March 22, 2012
Marston Hefner was charged with corporal injury on a cohabitant following the incident on 12 February (12).
He pleaded no contest in court on ...
Thu, March 22, 2012
By Simon Evans
ORLANDO, Florida (Reuters) - South Korea's Charlie Wi and American Jason Dufner shared the lead after the first round of the ...
Thu, March 22, 2012
By Nick Edwards
BEIJING (Reuters) - China's economic momentum slowed in March as factory activity shrank for a fifth straight month, leaving investors fretting ...
Wed, March 21, 2012
The last spoiler-filled poster for Game of Thrones' upcoming second season dealt with the fate of House Stark, reminding us where we last left ...
Wed, March 21, 2012
Marston Hefner was charged with corporal injury on a cohabitant following the incident on 12 February (12).
He pleaded no contest in court on ...
Mon, March 19, 2012
By Supantha Mukherjee
(Reuters) - Privately held Zayo Group LLC agreed to buy rival AboveNet Inc, a provider of broadband connections to big companies and ...
Sun, March 18, 2012
TAIPEI (Reuters) - Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads, is not off the hook after a U.S ...
Fri, March 16, 2012
By Deepa Seetharaman
DETROIT (Reuters) - About 1,700 Ford Motor Co's
Fri, March 16, 2012
DETROIT (Reuters) - About 1,700 Ford Motor Co's
Wed, March 14, 2012
(Reuters) - Tenet Healthcare Corp
Tue, March 13, 2012
By Doug Palmer and Don Durfee
WASHINGTON/BEIJING (Reuters) - The United States, Europe and Japan have joined forces to challenge China's restrictions on ...
Tue, March 13, 2012
The director shot most of his early movies in his native New York, but quit the Big Apple in recent years to take advantage ...
Mon, March 12, 2012
The director shot most of his early movies in his native New York, but quit the Big Apple in recent years to take advantage ...
Fri, March 09, 2012
By Dan Levine
(Reuters) - After weeks of raucous street demonstrations, Oakland city leaders finally decided one chilly morning last fall to remove a downtown ...
Fri, March 09, 2012
(Reuters) - Greece claimed a major success for its bond swap offer to private creditors on Friday after it won heavy acceptance for a deal ...
Thu, March 08, 2012
ATHENS (Reuters) - Over 85 percent of bondholders holding debt under Greek law have signed up to a bond swap to ease Greece's debt ...
Thu, March 08, 2012
By Ingrid Melander
ATHENS (Reuters) - Greece's deep recession and unpredictable elections threaten to turn the biggest debt restructuring in history into yet another ...
Wed, March 07, 2012
Jim Caviezel, who portrayed Christ in Mel Gibson's religious epic The Passion of The Christ, has signed on to play the villain in ...
Wed, March 07, 2012
ATHENS (Reuters) - Major holders of Greek bonds have pledged to sign up for the country's bond swap, making it increasingly likely that the ...
Tue, March 06, 2012
By Mark Felsenthal
WASHINGTON (Reuters) - If you expect the Federal Reserve to launch another round of bond buying to stimulate growth at its meeting ...
Tue, March 06, 2012
(Reuters) - New Orleans Saints head coach Sean Payton and general manager Mickey Loomis have taken full responsibility for the team's "pay for pain ...
Tue, March 06, 2012
By Andreas Krner and Ben Hirschler
FRANKFURT/LONDON (Reuters) - International healthcare firms have been asked to accept losses on Greek government bonds they got ...
Mon, March 05, 2012
By Lefteris Papadimas
ATHENS (Reuters) - Major banks and pension funds threw their weight behind Greece's bond swap offer to private creditors on Wednesday ...
Mon, March 05, 2012
ATHENS (Reuters) - Major holders of Greek government debt said on Monday they will take part in a bond swap plan.
Twelve banks, insurers, asset ...
Fri, March 02, 2012
TOKYO (Reuters) - The Japanese government is set to take a majority stake in Tokyo Electric <9501.T> in return for injecting about 1 trillion yen ($12 ...9501.t>
Thu, March 01, 2012
By Simon Evans
PALM BEACH GARDENS, Florida (Reuters) -
Britain's Rory McIlroy held off a spectacular final round charge from Tiger Woods to win ...
Thu, March 01, 2012
(Reuters) - Andy McDonald scored twice to get St Louis off to a solid start before the Blues continued to display irresistible form on their ...
Wed, February 29, 2012
By Robin Emmott
BRUSSELS (Reuters) - EU donors and international companies face huge obstacles in making investment in Greece work, even if billions of euros ...
Tue, February 28, 2012
By Jonathan Spicer
(Reuters) - The U.S. economic recovery is "frustratingly slow" and it could take four to five years to ratchet the unemployment ...
Tue, February 21, 2012
(Reuters) - Comcast Corp, the No. 1 U.S. cable operator, became the latest major name to take on Netflix Inc on Tuesday when it ...
Fri, February 17, 2012
MILWAUKEE (WTAQ) - Governor Scott Walker says he takes no responsibility for the actions of his former Milwaukee County aides who now face criminal charges ...
Wed, February 15, 2012
By Nadia Damouni and Alexei Oreskovic
NEW YORK/SAN FRANCISCO (Reuters) - Yahoo Inc's efforts to craft a complex $17 billion asset swap with ...
Tue, February 14, 2012
WASHINGTON (Reuters) - Treasury Secretary Tim Geithner on Tuesday said the Obama administration is close to presenting a set of principles to Congress to revamp ...
Mon, February 13, 2012
MADISON (WSAU) The number of low-income kids getting state-funded vouchers to attend private schools jumped by over 10-percent last fall. That was after Governor ...
Mon, February 13, 2012
NEW DELHI (Reuters) - Microsoft India's retail website was down on Monday after being hacked, with a purportedly Chinese group called Evil Shadow Team ...
Sun, February 12, 2012
MELBOURNE (Reuters) - Japan's Mitsubishi Corp <8058.T> cleared the last hurdle on Monday to take control of iron ore, port and rail projects in Western ...8058.t>
Thu, February 09, 2012
By Prakash Chakravarti
HONG KONG (Reuters) - Chinese e-commerce group Alibaba plans to take its Hong Kong-listed unit private, two sources familiar with the matter ...
Tue, February 07, 2012
By Alan Wheatley, Global Economics Correspondent
LONDON (Reuters) - A new guessing game is about to begin: will China's incoming generation of leaders show ...
Mon, February 06, 2012
By Sarah Young and Eric Onstad
LONDON (Reuters) - At least two top 10 shareholders in miner Xstrata plan to vote against a takeover by ...
Mon, February 06, 2012
(Reuters) - Republican Newt Gingrich vowed on Sunday to press ahead with his struggling presidential bid after a big loss in Nevada, saying he will ...
Sun, February 05, 2012
By Ros Krasny
LAS VEGAS (Reuters) - What happens in Vegas, stays in Vegas. And Republican Newt Gingrich certainly will hope the disarray that marred ...
Sat, February 04, 2012
(Reuters) - The Phoenix Coyotes broke out of an extended slump in form with a confidence-boosting 5-3 home win over Pacific Division rival San Jose ...
Sat, February 04, 2012
By Julian Linden
INDIANAPOLIS (Reuters) - A broken-down bus failed to prevent the New York Giants from finishing off their Super Bowl preparations with a ...
Sat, February 04, 2012
WASHINGTON (Reuters) - President Barack Obama vowed to apply sanctions and step up pressure on Syrian President Bashar al-Assad's government to leave power but ...
Fri, February 03, 2012
By George Georgiopoulos
ATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the ...
Fri, February 03, 2012
By James Regan
SYDNEY (Reuters) - An $80 billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers ...
Thu, February 02, 2012
(Reuters) - Take-Two Interactive's third-quarter revenue missed Wall Street expectations after the video game maker sold fewer copies of its basketball video game, "NBA ...
Thu, February 02, 2012
By Jennifer Hoyt Cummings
(Reuters) - The first thing the 1,000 or so new post-IPO Facebook millionaire employees might need: a reality check.
Financial ...
Wed, February 01, 2012
By Langi Chiang and Nick Edwards
BEIJING (Reuters) - Want a slice of the billions of dollars China spends each year on farm subsidies? Become ...
Tue, January 31, 2012
WASHINGTON (Reuters) - Senate Republicans took pot shots at the new Consumer Financial Protection Bureau on Tuesday, saying it would require more than 7.6 ...
Tue, January 31, 2012
By Lewis Krauskopf and Ransdell Pierson
(Reuters) - Competition from low-cost generic drugs squeezed quarterly profits at Pfizer Inc
Both Pfizer, the world's biggest drugmaker, and Lilly topped Wall Street's dim profit expectations. Lilly also said its closely watched experimental Alzheimer's treatment was given a green light for further study.
Pfizer's quarterly results were helped by its animal health and nutrition units -- businesses the company is considering selling or spinning off. The company said on Tuesday that any separation of those businesses would occur between July 2012 and July 2013.
For both Pfizer and Lilly, the fourth-quarter results marked the first period since they lost U.S. patent protection on their biggest-selling medicines.
Pfizer saw sales of its Lipitor cholesterol treatment, long the world's top-selling drug, drop 24 percent to about $2 billion. In the United States, where Lipitor lost patent protection in late November, sales fell 42 percent.
Sales of Lilly's Zyprexa anti-psychotic, for years the company's biggest product, fell 44 percent to $750 million. Sales in the United States, where the pill lost patent protection in October, plunged 56 percent.
Richard Purkiss, analyst with Atlantic Equities, said Pfizer's profit margins significantly improved during the quarter, an unexpected trend given the onslaught of Lipitor generics.
He noted that Pfizer expects similarly strong margins for the full year, most likely because of cost savings from the company's purchase of U.S. rival Wyeth in late 2009.
"The Wyeth takeout is benefitting the company" as Lipitor declines, Purkiss said. The decline was the rationale for the $67 billion acquisition.
Last year, Pfizer vowed to slash billions of dollars in costs, largely through layoffs of thousands of researchers.
HELP FROM OTHER DRUGS
Pfizer's fourth-quarter net income fell 50 percent to $1.44 billion, or 19 cents per share, from $2.89 billion, or 36 cents per share, a year earlier. Pfizer said results in the latest quarter appeared unfavorable in part because of a big tax benefit in the year-earlier period.
Excluding special items, earnings of 50 cents per share topped Wall Street's target by 3 cents, according to Thomson Reuters I/B/E/S.
Revenue fell 4 percent to $16.75 billion but was a bit higher than Wall Street expectations of $16.61 billion.
Softening the Lipitor declines, some of Pfizer's other important drugs scored moderate sales gains, helped by price increases. Sales of arthritis treatment Enbrel and the Celebrex painkiller each rose 7 percent, to $865 million and $622 million, respectively. Sales of impotence treatment Viagra rose 5 percent to $523 million.
As in the third quarter, Pfizer's strongest gains came from its nutritional products and animal health units. Sales of animal health brands rose 13 percent in the quarter to $1.1 billion, while sales of nutritional products -- including baby formula and maternity supplements -- jumped 22 percent to $598 million.
Pfizer trimmed its 2012 financial forecasts, largely due to the negative impact of the stronger dollar. It projected 2012 earnings of $2.20 to $2.30 per share, excluding items. That range was down from its prior outlook of $2.25 to $2.35.
Lilly's fourth-quarter net income fell 27 percent to $858.2 million, or 77 cents per share, from $1.17 billion, or $1.05 per share, a year ago.
Excluding one-time items, earnings were 87 cents per share, 6 cents ahead of analyst estimates.
Global revenue fell 2 percent to $6.05 billion but topped Wall Street expectations of $5.9 billion.
Sales growth of other top drugs helped counter Zyprexa's declines, thanks in large part to price increases.
Anti-depressant Cymbalta, which itself goes generic next year -- deepening Lilly's patent woes -- saw sales jump 20 percent to $1.18 billion. Sales of lung cancer treatment Alimta rose 12 percent to $638 million while the company's Humalog insulin vaulted 21 percent to $662 million.
An independent data-monitoring committee overseeing two Phase III trials of Lilly's solanezumab Alzheimer's treatment recommended that the trials continue without changes, the company said. Trial data is expected in the second half of the year.
Many analysts believe solanezumab has little chance of success, but say the stock will soar if it works.
Purkiss said Lilly's quarterly results were "reasonably strong" but shares rose instead on the monitoring panel's continued green light for testing of solanezumab.
"People are concerned about being underweight Lilly if the data come in positively," said Purkiss.
Shares of Pfizer were down 3 cents at $21.55 while Lilly shares were up 35 cents at $39.60.
(Reporting By Lewis Krauskopf; editing by Mark ...
Tue, January 31, 2012
The Milwaukee Brewers have signed veteran utility outfielder Corey Patterson to a minor league contract. Patterson, 32, played 44 games for the World Champion ...
Mon, January 30, 2012
UNDATED (WSAU) A Wisconsin National Guard officer and his wife will compete in the next season of T-V's "Amazing Race." David and Rachel ...
Mon, January 30, 2012
By Avril Ormsby
LONDON (Reuters) - London Mayor Boris Johnson urged Olympic dignitaries Monday to take public transport during this summer's Games rather than ...
Sun, January 29, 2012
By Alissa de Carbonnel
MOSCOW (Reuters) - Critics of Prime Minister Vladimir Putin drove in their hundreds around central Moscow on Sunday in cars trailing ...
Fri, January 27, 2012
By Ros Krasny
PORTLAND, Maine (Reuters) - Republican presidential front-runner Mitt Romney grabbed back some momentum after midweek losses in three states, scoring a narrow ...
Fri, January 27, 2012
MADISON, WI (WTAQ) - State school Superintendent Tony Evers has asked the Assembly to pass a bill that prevents the expansion of tax-funded vouchers for ...
Thu, January 26, 2012
By John McCrank
NEW YORK (Reuters) - Sitting in a dimly lit New York City bar wearing a trilby hat and a dark suit, no ...
Wed, January 25, 2012
By Tarmo Virki
HELSINKI (Reuters) - Nokia Oyj reported a 73 percent fall in fourth-quarter earnings as sales of its new Windows Phones failed to ...
Tue, January 24, 2012
By Laird Harrison
SAN FRANCISCO (Reuters) - San Francisco Mayor Ed Lee said on Tuesday he would ask the local sheriff to consider taking a ...
Mon, January 23, 2012
By Tabassum Zakaria
WASHINGTON (Reuters) - U.S. intelligence agencies have unique capabilities that can help protect American companies from cyber espionage and attack, but ...
Thu, January 19, 2012
By Andrea Shalal-Esa
WASHINGTON (Reuters) - U.S. Defense Secretary Leon Panetta is expected on Friday to remove the threat of termination that has been ...
Thu, January 19, 2012
By Jane Sutton
MIAMI (Reuters) - Newt Gingrich struggled to regain momentum in the race for the Republican U.S. presidential nomination on Friday as ...
Wed, January 18, 2012
By Cameron French and Clara Ferreira-Marques
TORONTO/LONDON (Reuters) - Global miner Rio Tinto
Wed, January 18, 2012
WASHINGTON (Reuters) - The Obama administration could save time in evaluating any new Canada-to-Texas crude oil pipeline if it hewed closely to the Keystone XL ...
Tue, January 17, 2012
WASHINGTON (Reuters) - The House of Representatives will resume work next month on a controversial bill aimed at stopping online piracy of movies, music and ...
Tue, January 17, 2012
BRUSSELS (Reuters) - The European Commission plans to take legal steps against Hungary over the country's laws on its central bank, judiciary and data ...
Sat, January 14, 2012
By Ian Ransom
MELBOURNE (Reuters) - Serena Williams has played two matches in five months and comes into the Australian Open still feeling the effects ...
Thu, January 12, 2012
MADISON, WI (WTAQ) - The director of Wisconsin's elections agency says it will take longer than expected to validate recall signatures against the governor ...
Wed, January 11, 2012
By Emma Thomasson and Catherine Bosley
ZURICH (Reuters) - Switzerland might not name a permanent successor to Philipp Hildebrand as central bank chairman for several ...
Wed, January 11, 2012
ZURICH (Reuters) - Naming a new third member to the Swiss National Bank's board and appointing a new permanent chairman could take until April ...
Mon, January 09, 2012
DETROIT (Reuters) - Volkswagen
Mon, January 09, 2012
(Reuters) - Pavel Datsyuk's overtime winner helped the Detroit Red Wings move to the of the Central division with a 3-2 victory over the ...
Mon, January 09, 2012
(Reuters) - Pavel Datsyuk's overtime winner helped the Detroit Red Wings move to the of the Central division with a 3-2 victory over the ...
Sun, January 08, 2012
(Reuters) - Pavel Datsyuk scored the overtime winner from a tough angle as the Detroit Red Wings handed the reeling Chicago Blackhawks a fourth straight ...
Sun, January 08, 2012
ZURICH (Reuters) - Novartis's consumer health unit will take a $120 million hit in the fourth quarter after the Swiss drugmaker decided to voluntarily ...
Mon, January 02, 2012
CAIRO (Reuters) - The trial of Egypt's ousted President Hosni Mubarak will resume in earnest Tuesday when judges begin hearing arguments from prosecutors, who ...
Sat, December 31, 2011
By Colleen Jenkins
WINSTON-SALEM, North Carolina (Reuters) - Laws that require voters to present photo identification at the polls, recognize same-sex civil unions and aim ...
Wed, December 28, 2011
The Milwaukee Bucks turned back a Minnesota Timberwolves rally to win their home opener at the Bradley Center Tuesday night 98-95 to even their ...
Wed, December 28, 2011
MADISON, WI (WTAQ) - Starting early next year, Wisconsinites who go to the DMV offices to renew their driver's licenses will no longer get ...
Wed, December 21, 2011
By Svea Herbst-Bayliss and Katya Wachtel
(Reuters) - Daniel Mudd, the embattled former chief executive of mortgage financing company Fannie Mae, is taking a leave ...
Wed, December 21, 2011
FRANKFURT (Reuters) - Banks gobbled up nearly 490 billion euros in three-year cut-price loans from the European Central Bank on Wednesday, easing immediate fears of ...
Tue, December 20, 2011
TOKYO (Reuters) - The Japanese government plans to take a stake of more than two-thirds in Tokyo Electric Power Co <9501.T> in a de facto nationalization ...9501.t>
Tue, December 20, 2011
By Jill Serjeant
LOS ANGELES (Reuters) - If ever there was a sale that begged a "buyer beware" disclaimer, it may be last week's ...
Sun, December 18, 2011
(Reuters) - Surging San Diego overcame Baltimore 34-14 on Sunday to keep alive their postseason hopes while damaging the Ravens' playoff top seed ambitions.
San ...
Sun, December 18, 2011
By Jack Kim and Jeremy Laurence
SEOUL (Reuters) - Young and inexperienced, Kim Jong-un is seen as poised to take over North Korea with the ...
Sat, December 17, 2011
INDIANAPOLIS (Reuters) - Police said on Saturday they suspect four or five people were involved in the theft of almost $2 million in electronics when ...
Thu, December 15, 2011
By Lee Chyen Yee
HONG KONG (Reuters) - Apple Inc's share of China's booming smartphone market has risen sharply in the past two ...
Wed, December 14, 2011
FRANKFURT (Reuters) - General Motors Co's
Wed, December 14, 2011
By Roberta Rampton
WASHINGTON (Reuters) - A Democratic commissioner accused the head of the U.S. nuclear regulator of mistreating staff, including verbally abusing female ...
Tue, December 13, 2011
By Ian Ransom
MELBOURNE (Reuters) - Under-fire Australian golfer Robert Allenby is to take a break from the game in the wake of a controversy-charged ...
Sat, December 10, 2011
By Dominic Evans
BEIRUT (Reuters) - Arab states may take their proposals for ending Syria's crackdown on protests to the U.N. Security Council ...
Sat, December 10, 2011
WASHINGTON (Reuters) - President Barack Obama on Saturday said he will not take "no" for an answer on his nominee to head a new consumer ...
Fri, December 09, 2011
WASHINGTON (Reuters) - Despite some recent signs the sluggish U.S. economy might be improving, President Barack Obama warns it could be years before the ...
Wed, December 07, 2011
MANITOWOC, WI (WTAQ) - Manitowoc Cranes has notified its striking machinists that it's hiring replacement workers to meet customer demand.
No word as to ...
Tue, December 06, 2011
By Noel Randewich
SAN FRANCISCO (Reuters) Police dismantled a tent city of Occupy protesters in downtown San Francisco early on Wednesday, arresting more than ...
Tue, December 06, 2011
BOSTON (Reuters) - Boston's mayor told Occupy protesters who have camped in the city's financial district since late September to leave by midnight ...
Tue, December 06, 2011
By Joe Rauch
NEW YORK (Reuters) - Citigroup Inc is cutting 4,500 jobs worldwide, Chief Executive Vikram Pandit said on Tuesday, becoming the latest ...
Tue, December 06, 2011
By Yinka Adegoke and Sinead Carew
NEW YORK (Reuters) - Verizon Communications Inc plans to launch a standalone service allowing customers to stream movies and ...
Mon, December 05, 2011
By Jim Finkle and Georgina Prodhan
(Reuters) - SAP AG's purchase of Web-based software company SuccessFactors Inc could be the catalyst the old-school German ...
Mon, December 05, 2011
SHEBOYGAN, WI (WTAQ)-At least six people, and maybe seven want to replace Sheboygan Mayor Bob Ryan in a recall election early next year ...
Sun, December 04, 2011
By Stefano Ambrogi
LONDON (Reuters) - WikiLeaks founder Julian Assange, who is fighting extradition to Sweden, won the right on Monday to ask Britain's ...
Fri, December 02, 2011
By Glenn Somerville and David Lawder
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner is set to urge key European officials to take decisive action next ...
Fri, December 02, 2011
By Stephen Brown and Noah Barkin
BERLIN (Reuters) - The euro zone debt crisis cannot be solved overnight, German Chancellor Angela Merkel said on Friday ...
Thu, December 01, 2011
ST. PETERSBURG, Fla (Reuters) - A Florida judge signed an order on Thursday allowing authorities to take custody of country singer Mindy McCready's 5-year-old ...
Thu, December 01, 2011
By Alistair Barr
(Reuters) - Google Inc is pondering an Internet service to help consumers shop online and take advantage of same-day delivery, hoping to ...
Wed, November 30, 2011
By Taro Fuse and Linda Sieg
TOKYO (Reuters) - Japanese authorities may take weeks to make any arrests over the accounting scandal at Olympus Corp ...
Wed, November 30, 2011
By Dan Whitcomb and Mary Slosson
LOS ANGELES (Reuters) - Police in riot gear and biohazard suits removed anti-Wall Street activists from their camp at ...
Tue, November 29, 2011
(Reuters) - Silent film "The Artist" and the apocalyptic tale "Take Shelter" led the Independent Spirit Award nominations on Tuesday, each taking nods for best ...
Mon, November 28, 2011
By Catherine Bremer and Stephen Brown
PARIS/BERLIN (Reuters) - British Prime Minister David Cameron threatened on Friday to obstruct a Franco-German drive for swift ...
Mon, November 28, 2011
By Laura MacInnis
WASHINGTON (Reuters) - President Barack Obama pressed European Union officials on Monday to act quickly and decisively to resolve their sovereign debt ...
Sat, November 26, 2011
CAPE TOWN (Reuters) - World sailor of the year Iker Martinez jumped from bottom to top spot when Telefonica stormed in past Table Mountain to ...
Sat, November 19, 2011
By Laird Harrison
OAKLAND, California (Reuters) - Police on Sunday cleared anti-Wall Street protesters from a vacant lot and public park in Oakland, California, a ...
Thu, November 17, 2011
By Diane Bartz
(Reuters) - The Senate will take up cybersecurity legislation next year to fight online fraud, espionage and intellectual property theft whether or ...
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