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Jul 2, 2011

HEALTH News, Jul 02, 2011

Medicare will keep covering Roche's Avastin
Thu,30 Jun 2011 04:31 PM PDT
Reuters - photoWASHINGTON (Reuters) - Medicare will continue paying for Roche Holding's drug Avastin for breast cancer, regardless of what health regulators decide about the medicine's future, a spokesman said on Thursday.

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Medicare to cover Dendreon's prostate drug
Thu,30 Jun 2011 03:12 PM PDT
Reuters - WASHINGTON (Reuters) - The Medicare and Medicaid federal health insurance programs will fully cover Provenge, Dendreon Corp's expensive treatment for advanced prostate cancer, U.S. regulators said, sending company shares 3 percent higher. Full Story1

Roche undeterred after FDA's Avastin rebuff
Thu,30 Jun 2011 02:31 PM PDT
Reuters - photoZURICH (Reuters) - Swiss drugmaker Roche Holding AG had nothing to lose by giving Avastin another roll of the dice, and by doing so showed the world it still believes the drug should be used in breast cancer.

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Nearsightedness linked to serious eye disease
Thu,30 Jun 2011 02:27 PM PDT
Reuters - NEW YORK (Reuters Health) - People who are nearsighted may be nearly twice as likely to also develop glaucoma, a leading cause of blindness, according to a new study that summarizes earlier research. Full Story1

Skin lesion risk seen at moderate arsenic levels
Thu,30 Jun 2011 02:26 PM PDT
Reuters - NEW YORK (Reuters Health) - High arsenic exposure is known to be a risk factor for skin cancer, but a new study suggests that even more-moderate exposure through drinking water may boost the risk of pre-cancerous skin growths. Full Story1

Life after prostate surgery worse than men expect
Thu,30 Jun 2011 02:23 PM PDT
Reuters - NEW YORK (Reuters Health) - Nearly half of men who undergo surgery to treat prostate cancer find themselves with greater incontinence problems and less sexual function than they had anticipated, according to a new poll. Full Story1

Cured meats not linked to pancreatic cancer
Thu,30 Jun 2011 02:19 PM PDT
Reuters - photoNEW YORK (Reuters Health) - There are no clear signs that eating cured meats like ham, bacon or hot dogs could increase the odds of getting pancreatic cancer, according to a new study.

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Europe's E. coli outbreaks linked to Egyptian seeds
Thu,30 Jun 2011 01:16 PM PDT
Reuters - photoLONDON (Reuters) - Imported fenugreek seeds from Egypt may be the source of highly toxic E. coli outbreaks in Germany and France that have killed at least 48 people, according to initial investigations by European scientists.

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U.N. peacekeepers likely caused Haiti cholera
Thu,30 Jun 2011 12:08 PM PDT
Reuters - photoATLANTA (Reuters) - Evidence strongly suggests U.N. peacekeepers from Nepal were the source of a cholera epidemic in Haiti that has killed more than 5,500 people, according to a new report published by the U.S. Centers for Disease Control and Prevention.

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Swine flu vaccine safe in pregnancy: study
Thu,30 Jun 2011 11:21 AM PDT
Reuters - NEW YORK (Reuters Health) - The swine flu shot appears to be safe for pregnant women, according to a new government report that tallies health problems occurring after the vaccinations. Full Story1

Even the Queen faces funding squeeze in austerity Britain
Thu,30 Jun 2011 10:24 AM PDT
Reuters - photoLONDON (Reuters) - Queen Elizabeth became the latest Briton to face a funding squeeze on Thursday when the government proposed changes to how it pays for royal trips and engagements.

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Analysis: Life saving lung cancer test to set off cost debate
Thu,30 Jun 2011 09:19 AM PDT
Reuters - photoNEW YORK (Reuters) - A landmark study showing that routine lung screening of heavy smokers and former smokers using low dose CT scans could save thousands of lives is sure to set off a fierce debate about the cost of such testing on an overburdened healthcare system.

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One patient's plea for FDA approval of Avastin
Thu,30 Jun 2011 05:22 AM PDT
Reuters - SILVER SPRING, Maryland (Reuters) - She made her doctor repeat it several times: There's nothing there. There's nothing there. There's no evidence of cancer. Full Story1

Thailand fights cancer-causing parasitic worms
Thu,30 Jun 2011 03:48 AM PDT
Reuters - HONG KONG (Reuters) - Health authorities in northeast Thailand plan to screen people for fluke worms to detect early signs of bile duct cancer, a deadly disease linked to eating uncooked freshwater fish. Full Story1

Factbox: World's neglected tropical diseases
Thu,30 Jun 2011 03:48 AM PDT
Reuters - HONG KONG (Reuters) - A northeastern Thailand province is preparing to test its population for a parasitic worm to detect early signs of bile duct cancer, which is caused by eating raw seafood. Full Story1
Medicare proposes change in anemia drug usage
Fri,1 Jul 2011 09:41 PM PDT
Reuters - LOS ANGELES (Reuters) - The Medicare federal health insurance program has proposed removing its requirement that kidney dialysis providers keep patient hemoglobin levels above a set minimum, which could lead to lower use of Epogen, the anemia drug sold by Amgen. Full Story1
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Evidence "increasingly against" phone cancer risk
Fri,1 Jul 2011 04:02 PM PDT
Reuters - LONDON (Reuters) - Despite a recent move to classify mobile phones as possibly carcinogenic, the scientific evidence increasingly points away from a link between their use and brain tumors, according to a new study on Saturday. Full Story1

FDA chides Novartis on meningitis vaccine promotion
Fri,1 Jul 2011 01:24 PM PDT
Reuters - photoWASHINGTON (Reuters) - Novartis AG falsely implied that its Menveo meningitis vaccine was approved in a manner consistent with guidelines from an influential U.S. advisory group, health regulators said in a letter to the Swiss drugmaker.

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Menu labels don't influence students' food choices
Fri,1 Jul 2011 12:51 PM PDT
Reuters - photoNEW YORK (Reuters Health) - Menu labels on cafeteria food -- highlighting the good and the bad of various meal options -- make no difference in college students' meal choices, a new study concludes.

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Special infant formula may not prevent allergies
Fri,1 Jul 2011 12:50 PM PDT
Reuters - NEW YORK (Reuters Health) - Despite pediatric guidelines endorsing "allergy-friendly" whey-based infant formulas, a new study finds the products don't ward off allergies in babies at high risk for sensitivities. Full Story1

Safety group sets kids' drawstring safety rules
Fri,1 Jul 2011 12:32 PM PDT
Reuters - CHICAGO (Reuters) - The Consumer Product Safety Commission (CPSC) on Friday set a new federal safety rule, saying drawstrings in certain children's clothing are now considered substantial product hazards. Full Story1

Russia says abortion ads must carry health warning
Fri,1 Jul 2011 12:23 PM PDT
Reuters - MOSCOW (Reuters) - Russian lawmakers, worried about a falling birth rate, passed a law on Friday that abortion advertisements must carry a health warning. Full Story1

More people struggling with bladder control: study
Fri,1 Jul 2011 10:37 AM PDT
Reuters - NEW YORK (Reuters Health) - An increasing number of people say they are dealing with incontinence, according to a new survey of nearly 20,000 U.S. adults. Full Story1

Fertility treatment less successful in obese women
Fri,1 Jul 2011 09:52 AM PDT
Reuters - NEW YORK (Reuters Health) - Obese women undergoing in vitro fertilization (IVF) may be half as likely as their normal-weight counterparts to have a baby, a study at one U.S. medical center suggests. Full Story1

Arsenic linked to kidney cancer
Fri,1 Jul 2011 08:34 AM PDT
Reuters - NEW YORK (Reuters Health) - People with moderately elevated levels of arsenic in their urine may have an increased risk of kidney cancer -- particularly if they have high blood pressure and kidney disease, a new study suggests. Full Story1

Lundbeck acts to stop misuse of drug in executions
Fri,1 Jul 2011 08:33 AM PDT
Reuters - COPENHAGEN (Reuters) - Danish pharmaceutical group Lundbeck on Friday said it was changing the distribution of its epilepsy drug Nembutal to avoid the drug being used in executions in U.S. prisons. Full Story1

Copper kills 97 percent of hospital ICU bacteria: study
Fri,1 Jul 2011 07:51 AM PDT
Reuters - photoNEW YORK (Reuters) - Antimicrobial copper surfaces in intensive care units (ICU) kill 97 percent of bacteria that can cause hospital-acquired infections, according to preliminary results of a multisite clinical trial in the United States.

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Who should get screened for lung cancer?
Fri,1 Jul 2011 07:47 AM PDT
Reuters - NEW YORK (Reuters Health) - Using chest scans to screen for lung cancer in people who've never smoked and have no symptoms might help catch cancers early and decrease the disease's death toll, suggests a new study from Japan. Full Story1

Medicare will keep covering Roche's Avastin
Thu,30 Jun 2011 04:31 PM PDT
Reuters - photoWASHINGTON (Reuters) - Medicare will continue paying for Roche Holding's drug Avastin for breast cancer, regardless of what health regulators decide about the medicine's future, a spokesman said on Thursday.

Full Story1

Medicare to cover Dendreon's prostate drug
Thu,30 Jun 2011 03:12 PM PDT
Reuters - WASHINGTON (Reuters) - The Medicare and Medicaid federal health insurance programs will fully cover Provenge, Dendreon Corp's expensive treatment for advanced prostate cancer, U.S. regulators said, sending company shares 3 percent higher. Full Story1

BUSINESS News, Jul 02, 2011


Strauss-Kahn released from house arrest
Fri,1 Jul 2011 09:01 PM PDT
Reuters - photoNEW YORK (Reuters) - Former IMF chief Dominique Strauss-Kahn was released from house arrest on Friday after prosecutors said the hotel maid who accused him of attempted rape lied to a grand jury and made other false statements.

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KKR, Silver Lake to buy Go Daddy for $2.25 billion: sources
Fri,1 Jul 2011 07:51 PM PDT
Reuters - NEW YORK (Reuters) - Web hosting company The Go Daddy Group Inc agreed to be bought by a private equity consortium led by KKR and Silver Lake for $2.25 billion, including debt, people close to the situation said on Friday. Full Story1

Rally could spell pullback for stocks
Fri,1 Jul 2011 07:43 PM PDT
Reuters - photoNEW YORK (Reuters) - A pullback could be on the table next week for stocks after their best weekly performance in two years, especially if a raft of data headlined by the June jobs report doesn't bolster the argument of a strengthening economy.

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Prosecutors detail lies told by DSK accuser
Fri,1 Jul 2011 04:34 PM PDT
Reuters - NEW YORK (Reuters) - She lied about being gang-raped in her home country. She cheated on her taxes. And she changed details of her story about being sexually assaulted by a man once seen as the next president of France. Full Story1

Obama taps Curry, Miller for top financial posts
Fri,1 Jul 2011 04:24 PM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama moved to fill two key posts in the ranks of financial regulators as officials work to complete new rules required by the Dodd-Frank Wall Street oversight law. Full Story1

NY Attorney General subpoenas BofA CEO, others: report
Fri,1 Jul 2011 04:22 PM PDT
Reuters - photo(Reuters) - New York state Attorney General Eric Schneiderman has issued subpoenas seeking new depositions from Bank of America's chief executive and other current and former executives, the Wall Street Journal reported, citing people familiar with the situation.

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Credibility of accuser key to Strauss-Kahn case
Fri,1 Jul 2011 03:55 PM PDT
Reuters - NEW YORK (Reuters) - Investigators had to make a snap judgment about the accuser in the sexual assault case against Dominique Strauss-Kahn -- haste that may have contributed to the unraveling of the case. Full Story1

MySpace owner talks Justin Timberlake's new job
Fri,1 Jul 2011 02:48 PM PDT
Reuters - LOS ANGELES (TheWrap) - Can MySpace be saved? Full Story1

June auto sales weak for 2nd month in row
Fri,1 Jul 2011 02:14 PM PDT
Reuters - photoDETROIT (Reuters) - The auto industry sputtered to its second consecutive month of weaker-than-expected U.S. sales in June, marked by disappointing results from General Motors Co, Ford Motor Co and the big Japanese automakers, as the weak economy and tight supply of cars left buyers wary.

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Zynga files for IPO, surfs Facebook wave
Fri,1 Jul 2011 02:04 PM PDT
Reuters - photoNEW YORK (Reuters) - Zynga Inc, developer of popular Facebook games such as FarmVille and Mafia Wars, could be the best proxy for investing in Facebook until the world's largest social network goes public itself.

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World stocks gain on U.S. data; oil down on China
Fri,1 Jul 2011 01:42 PM PDT
Reuters - photoNEW YORK (Reuters) - World stocks rose on Friday on news that U.S. factory activity expanded more than expected in June, but weakening industrial production in Asia kept oil prices down.

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Case against Strauss-Kahn near collapse: sources
Thu,30 Jun 2011 11:56 PM PDT
Reuters - photoNEW YORK/PARIS (Reuters) - The sexual assault case against former IMF chief Dominique Strauss-Kahn is near collapse, sources said on Thursday, raising the prospect of a dramatic return to France's presidential election race.

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Japan's Hoya to sell Pentax camera business to Ricoh
Thu,30 Jun 2011 11:40 PM PDT
Reuters - photoTOKYO (Reuters) - Japanese optical glass-maker Hoya said on Friday it would sell its Pentax camera business to copier and printer maker Ricoh, in a deal the Nikkei business daily said was worth about 10 billion yen ($124.2 million).

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Equities rise, take China PMI in stride
Thu,30 Jun 2011 11:28 PM PDT
Reuters - photoSINGAPORE (Reuters) - Asian equities hit their highest level in nearly a month on Friday, lifted by receding fears of a default by Greece and encouraging data from the U.S. overnight, while the euro touched a fresh three-week high.

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Jon Stewart beats Jay Leno in Q2 demos
Thu,30 Jun 2011 08:20 PM PDT
Reuters - photoLOS ANGELES (Hollywood Reporter) - Jon Stewart has unseated Jay Leno to take the late-night ratings crown in the coveted adults 18-49 demographic during the second quarter.

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Citi enters exclusive talks to sell OneMain: report
Thu,30 Jun 2011 05:20 PM PDT
Reuters - photo(Reuters) - Citigroup Inc has entered into exclusive talks with a bidding group to sell its OneMain consumer lending unit formerly known as CitiFinancial, the Wall Street Journal reported, citing a person familiar with the matter.

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Fed's Bullard: QE effective proxy for rate cuts
Thu,30 Jun 2011 04:21 PM PDT
Reuters - photoST. LOUIS (Reuters) - Large-scale bond buying can be an effective monetary policy substitute when the Federal Reserve runs out of room to cut interest rates, a top official of the U.S. central bank said on Thursday.

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Geithner: Will stay on job for "foreseeable future"
Thu,30 Jun 2011 03:43 PM PDT
Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Thursday he plans to remain in his post for the foreseeable future. Full Story1

Snap analysis: could weigh in Geithner job decision
Thu,30 Jun 2011 03:38 PM PDT
Reuters - WASHINGTON (Reuters) - Timing is crucial for Timothy Geithner as he mulls whether to quit the Obama administration early or hang in for a possible bruising ride in next year's presidential election campaign. Full Story1

Lockheed's aeronautics unit to cut 1,500 jobs
Thu,30 Jun 2011 03:36 PM PDT
Reuters - ATLANTA (Reuters) - The aeronautics unit of Lockheed Martin Corp, the Pentagon's No. 1 supplier by sales, said on Thursday that it plans to cut about 1,500 jobs to reduce costs in response to a flattening of U.S. defense spending. Full Story1

Opel chairman says restructuring ahead of schedule
Thu,30 Jun 2011 02:55 PM PDT
Reuters - photoFRANKFURT (Reuters) - Opel Chairman Nick Reilly said General Motors was "very satisfied" with progress at Opel, but stopped short of commenting on whether the U.S. auto maker had put the European unit up for sale.

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Greek vote, data drive TSX to 4th day of gains
Thu,30 Jun 2011 02:41 PM PDT
Reuters - TORONTO (Reuters) - Toronto's main stock index rallied for a fourth straight day on Thursday as relief that Greece seemed likely to avoid a near-term debt default and some stronger North American data prompted quarter-end buying. Full Story1

Raymond James to buy Allied Irish's Canadian assets
Thu,30 Jun 2011 02:38 PM PDT
Reuters - CHARLOTTE, North Carolina (Reuters) - Raymond James Financial Inc's bank subsidiary has agreed to buy nearly all the assets of Allied Irish Bank's Canadian operations, the St. Petersburg, Florida-based brokerage and investment bank said on Thursday. Full Story1

Paulson says welcomes Bank of America settlement
Thu,30 Jun 2011 02:36 PM PDT
Reuters - photoNEW YORK (Reuters) - Hedge fund manager John Paulson, a long-term investor in Bank of America , said on Thursday he welcomed the settlement reached between the lender and mortgage bond investors.

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New date of September 27 for Rajaratnam sentencing
Thu,30 Jun 2011 02:29 PM PDT
Reuters - photoNEW YORK (Reuters) - Convicted Galleon hedge fund founder Raj Rajaratnam will be sentenced on September 27, a federal judge ordered on Thursday, postponing the proceeding from July 29 in the biggest insider trading case of a generation.

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Greece, data drive C$ to stronger finish
Thu,30 Jun 2011 02:28 PM PDT
Reuters - TORONTO (Reuters) - Canada's dollar strengthened to a near seven-week high against the greenback on Thursday, boosted by a surge in commodity prices, easing of Greece's debt woes and slightly better-than-expected domestic economic data. Full Story1

New York Times sells half of Red Sox stake
Fri,1 Jul 2011 01:40 PM PDT
Reuters - photoNEW YORK (Reuters) - New York Times Co said on Friday it sold more than half its stake in the company which owns the Boston Red Sox baseball team, and is looking to sell the rest of its share.

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Citigroup top muni underwriter so far in 201: data
Fri,1 Jul 2011 12:45 PM PDT
Reuters - photoCHICAGO (Reuters) - Citigroup was the top bookrunning underwriter of U.S. municipal bonds in the first half of 2011, according to Thomson Reuters data on Friday.

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Investors buy emerging equities on Greek hopes: EPFR
Fri,1 Jul 2011 12:36 PM PDT
Reuters - NEW YORK (Reuters) - Investors massively returned to emerging market equity funds in the week ended June 29 as hopes that Greece would avoid imminent bankruptcy encouraged risk taking, fund tracker EFPR Global said on Friday. Full Story1

Legg Mason's Bill Miller: time to ditch or to buy?
Fri,1 Jul 2011 12:34 PM PDT
Reuters - NEW YORK (Reuters) - How much longer can Legg Mason Inc afford to back Bill Miller, the star investor whose onetime Midas touch has lost its luster? Full Story1