Mettawa Business
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Medtronic will settle Abbott stent suit for $400 millionsJul 26, 2009 11:00 pm - NEW YORK -- Medtronic Inc. said Monday it agreed to pay Abbott Laboratories $400 million to settle patent lawsuits related to the design of artery-opening stents, some o...
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Abbott warned over AIDS drug DVD featuring Magic JohnsonJul 21, 2009 11:00 pm - An Abbott Laboratories' HIV drug promotional DVD with Earvin "Magic" Johnson is misleading to consumers, U.S. regulators said. The consumer-directed, patient testimonial...
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Abbott plans to appeal $1.67 billion patent rulingJun 29, 2009 11:00 pm - NEW YORK -- Abbott Laboratories plans to appeal a jury's $1.67 billion patent infringement ruling in a case involving two blockbuster drugs that treat rheumatoid arthrit...
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Abbott should pay $2.1 billion over Humira, J&J tells juryJun 28, 2009 11:00 pm - Libertyville Township-based Abbott Laboratories should pay $1.67 billion to Johnson & Johnson's Centocor unit for using its invention to produce the Humira arthritis dru...
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Household, company officials misled investors, jury findsMay 07, 2009 11:00 pm - Household International Inc. and three executives misled investors about the company's business practices, a Chicago federal court jury found after a monthlong trial. Th...
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Suburban companies post layoff noticesApr 05, 2009 11:00 pm - Twenty-two companies, including six in the suburbs, are expected to lay off about 2,500 workers through May, according to documents posted Monday by the state of Illinoi...
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HSBC faces securities fraud trial over predecessor's lendingMar 29, 2009 11:00 pm - HSBC Finance Corp., the U.S. home-lending unit for Europe's biggest bank, goes to trial this week on claims that a corporate predecessor hid predatory lending from share...
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Williams-Sonoma 4Q profit falls 90 percentMar 23, 2009 11:00 pm - SAN FRANCISCO -- Williams-Sonoma says its fourth-quarter profit fell 90 percent as it closed underperforming stores and laid off workers amid the recession. The San Fran...
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NAACP says HSBC steered blacks to bad loansMar 12, 2009 11:00 pm - The NAACP is accusing Wells Fargo and HSBC of forcing blacks into subprime mortgages while whites with identical qualifications got lower rates. Class-action lawsuits we...
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HSBC to cut local jobs as profits fall 70 percentMar 01, 2009 10:00 pm - HSBC PLC said Monday it is shutting down its Mettawa-based consumer lending operation, which includes the old Household Finance Corp. and Beneficial branch networks. Th...