BRIEFCASE AMGEN SAYS FDA PANEL OK'D ENBREL.Byline: - Staff and Wire Services THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. - Biotechnology giant Amgen said Tuesday that a Food and Drug Administration panel recommended its drug Enbrel for approval to treat spinal arthritis. U.S regulators will consider the panel's recommendation to treat the condition, known as ankylosing spondylitis Ankylosing Spondylitis Definition Ankylosing spondylitis (AS) refers to inflammation of the joints in the spine. AS is also known as rheumatoid spondylitis or Marie-Strümpell disease (among other names). , that affects about 350,000 Americans. Amgen shares gained 93 cents to close at $65.05 Tuesday on the Nasdaq market. Continental will extend ticket sale HOUSTON - Continental Airlines' Web site was inoperative Void; not active; ineffectual. The term inoperative is commonly used to indicate that some force, such as a statute or contract, is no longer in effect and legally binding upon the persons who were to be, or had been, affected by it. for much of Tuesday, the same day the company announced a one-day fare sale for tickets purchased at the site. The Houston-based carrier said it would extend the sale for 24 hours Adv. 1. for 24 hours - without stopping; "she worked around the clock" around the clock, round the clock because many people were unable to access the site. Continental spokeswoman Julie King said it was unclear what caused the technical difficulties. The sale prices remained available through online travel site Orbitz.com and the company also allowed the fares to be sold by Continental's telephone reservation agents, spokeswoman Macky Osorio said. The airline's Web site became unavailable about 7 a.m. CDT CDT abbr. Central Daylight Time CDT Central Daylight Time CDT n abbr (US) (= Central Daylight Time) → hora de verano del centro; (BRIT Tuesday. The problem was resolved about 10 hours later, although the site continued to load sluggishly. Because of the glitches, the fare sale will now conclude at 11:59 p.m. CDT on Wednesday, King said. Verizon will drop cell phone fight Verizon Wireless said on Tuesday that it would drop its opposition to a federal plan to allow callers to keep their wireless phone numbers when they switch carriers. The about-face by Verizon, the nation's largest mobile-phone company, probably means that other mobile phone operators will have little choice but to acquiesce in the arrangement. Verizon, which had led a protracted pro·tract tr.v. pro·tract·ed, pro·tract·ing, pro·tracts 1. To draw out or lengthen in time; prolong: disputants who needlessly protracted the negotiations. 2. , industrywide effort to prevent the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. from requiring that cell phone numbers be portable from provider to provider, said it now supports FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. regulations scheduled to take effect on Nov. 24 and will end its aggressive legal and legislative campaign against the regulations. Several competitors in the wireless industry said they were surprised by Verizon's announcement and said they would continue to fight the mandate without Verizon's cooperation. The industry has argued that the FCC lacks legal jurisdiction to impose portability, and that carrying out the rules will cost the industry hundreds of millions of dollars. EBay signs new ad placement deal EBay signed a deal Tuesday with DoubleClick to offer advertising and marketing services to eBay's sellers seeking to build their businesses on the growing marketplace. DoubleClick will serve up advertisements on eBay domestically. DoubleClick has already done so for eBay internationally for about four years and is essentially extending its partnership with eBay. EBay will also co-brand with Conducive, based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , to offer a service called ``Keywords on eBay'' that will essentially enable sellers to pay for placement under particular keywords that users look up on eBay's site. More than 79 million item-related searches are made per day on the site, San Jose-based eBay says. For instance, an eBay vendor can set up a keyword campaign with Conducive and bid for a banner-ad placement for a particular keyword. Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. bill gets little support WASHINGTON - Key lawmakers appeared cool Tuesday toward new House legislation prescribing tighter regulation and a change in oversight in response to mortgage titan Freddie Mac's leadership and accounting problems. The measure was proposed by Rep. Richard Baker, R-La., the most outspoken congressional critic of Freddie Mac and Fannie Mae Fannie Mae: see Federal National Mortgage Association. , its sister government-sponsored company. It would abolish the Office of Federal Housing Enterprise Oversight, the agency of the Department of Housing and Urban Development that supervises both mortgage-dealing companies. Sen. Richard Shelby, R-Ala., chairman of the Senate Banking Committee, wasn't rushing to endorse the legislation. |
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