News

Special Report: Why Madrid's poor fear Goldman Sachs and Blackstone

Reuters - 1 hour 27 min ago
Madrid (Reuters) - Last year Madrid’s city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same.
Categories: News

Ericsson Beats Forecasts

The Wall Street Journal - 1 hour 48 min ago
Ericsson’s revenues beat expectations, as the company’s main networks unit saw high mobile broadband demand in places such as China, Russia and the Middle East.
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U.S. Stock Futures Lower, But Pare Losses, After N.Y. Ebola News

Fox Business - 1 hour 50 min ago
U.S. stock futures pointed lower on Friday, but came off lows seen in Asian hours.
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IMF Warns on Eastern Europe Income Convergence

The Wall Street Journal - 1 hour 52 min ago
Progress toward closing the gap in incomes between eastern and western Europe has stalled, and in some cases is going in reverse, the International Monetary Fund said.
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BASF Lowers 2015 Forecast

The Wall Street Journal - 1 hour 56 min ago
Germany’s BASF lowered its outlook for 2015 and reported a 4.8% decline in third-quarter profit, hurt by the slowing global economy and weaker demand in Europe.
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Qantas Showing Signs of Recovery

The Wall Street Journal - 2 hours 6 min ago
After reporting a record annual loss this year, Australia’s Qantas Airways turned a profit during its fiscal first quarter, its chief executive said.
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Survey shows end to slide in German consumer confidence, despite cooling economic outlook

Fox Business - 2 hours 13 min ago
A survey finds that a downward trend in German consumer confidence has come to an end, despite cooler growth prospects for Europe's biggest economy.
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Exclusive: Port squeeze threatens U.S. retailers' holiday stocking plans

Reuters - 3 hours 25 min ago
CHICAGO/LOS ANGELES (Reuters) - A shortage of transportation equipment and possible labor disruptions at ​the Los Angeles/Long Beach port complex, ​the nation's busiest, is delaying shipping containers for up to three weeks, threatening timely delivery to retailers for the holiday season.
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Whistle-blower sees little change in South Korea 10 years after exposing cloning fraud

Fox Business - 3 hours 41 min ago
The whistle-blower who exposed breakthrough cloning research as a devastating fake says South Korea is still dominated by the values that allowed science fraudster Hwang Woo-suk to become an almost untouchable national hero.
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Specter of no-inflation world looms over Fed's return to normal

Reuters - 3 hours 53 min ago
WASHINGTON (Reuters) - After months of focus on slack in U.S. labor markets, the Federal Reserve faces a new challenge: the possibility that weak inflation may be so firmly entrenched it upends the return to normal monetary policy.
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A History of Ebola

Forbes - 4 hours 17 min ago
Categories: News

NY Doctor Craig Spencer Followed Proper Protocols After Returning From Ebola-Stricken West Africa

Forbes - 4 hours 17 min ago
Spencer, a French-speaking international emergency physician at NewYork-Presbyterian/Columbia, followed all recommendations for any caregiver returning from an Ebola-affected West African country.
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Three major nations absent as China launches World Bank rival in Asia

Reuters - 4 hours 19 min ago
SHANGHAI (Reuters) - Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders.
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Kinder Morgan Granted Access to Pipeline Route

The Wall Street Journal - 4 hours 29 min ago
Canada’s chief energy regulator said Thursday a municipality along the route of a crude oil pipeline can’t stop an affiliate of Kinder Morgan Energy from accessing areas for a proposed expansion.
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Kia Motors joins Hyundai in reporting 3Q profit fall as stronger won hits

Fox Business - 4 hours 41 min ago
South Korea's second-largest carmaker Kia Motors Corp. says its third-quarter income plunged 27 percent from a year earlier as a stronger won dented profit.
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South Korea's economic growth slows to 3.2 percent in 3Q, lowest in more than 1 year

Fox Business - 4 hours 49 min ago
South Korea's economic growth slowed to 3.2 percent in the third quarter, the lowest in five quarters, as weakness in exports and spending by companies offset the boost from government stimulus.
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Amazon gives a disappointing holiday revenue forecast, as investors lose patience

Fox Business - 4 hours 55 min ago
Amazon's trademark smile icon is becoming more of a grimace.
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Head of GSK Ebola Vaccine Research: "Can We Even Consider Doing A Trial?"

Forbes - Thu, 10/23/2014 - 23:44
GlaxoSmithKline is considered by many a leading contender for delivering an Ebola vaccine at scale. Recent quotes by the Head of Ebola vaccine research for GSK, however, are sobering and indicate the enormous challenges ahead in the race to deliver a safe and effective vaccine in the quantities needed for the unprecedented outbreak in West Africa. "The thing that is going to have the biggest impact is what is happening to the trajectory of the epidemic curve. If you progress the current trends 2 months into the future are we still in an environment where you can even consider doing a trial?" Dr. Ripley Ballou ‒ Head of Ebola Vaccine Research, GSK (via ScienceInsider here) At the GSK vaccine research facility outside of Brussels, they are working to squeeze 10 years of trial activity into 12 months. The hope is to have 20,000 doses ready to be tested by health workers early next year.  "At the same time we have to be able to manufacture the vaccine at doses that would be consistent with general use, and that's going to take well into 2016 to be able to do that. I don't think this can be seen as the primary answer to this particular outbreak. If it does work then to be able to be prepared so that we don't have to go through this again in five years, or whenever the next epidemic is going to break out." Dr. Ripley Ballou  ‒ Head of Ebola Vaccine Research, GSK (BBC News Health ‒ here) Earlier today, ScienceInsider published results (here) from leaked documents used in discussions with the World Health Organization (WHO), government officials and vaccine manufacturers.
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