BRIEFCASE CONFIDENCE INDEX DOWN ON JOB WOES.Byline: - Staff and Wire Services 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 - Continued job worries resulted in an unexpected decline in consumer confidence in September, the second consecutive monthly dip, a New York-based private research group said Tuesday. The Consumer Confidence Index Consumer Confidence Index A measure of consumer views regarding the current economic situation and consumer expectations for the future. Information for the index is compiled and released on the last Tuesday of each month by the Conference Board, an fell to 96.8 from a revised reading of 98.7 in August, according to The Conference Board. Analysts had expected a reading of 99.5. Enbrel inducing `clinical response' THOUSAND OAKS - Amgen Inc. and its partner Wyeth Pharmaceuticals announced Tuesday that the U.S. Food and Drug Administration has indicated that their rheumatoid arthritis rheumatoid arthritis Chronic, progressive autoimmune disease causing connective-tissue inflammation, mostly in synovial joints. It can occur at any age, is more common in women, and has an unpredictable course. drug Enbrel induces major clinical response. The marketing designation shows that the symptoms of patients under its treatment improved significantly for six months. Additionally, the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approved data showing that Enbrel patients experienced no progression in joint damage for up to five years. Medtronic branch loses patent fight MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn. - A federal court jury on Tuesday ordered a Medtronic subsidiary to pay about $110 million in a dispute between the company and a doctor who invented some of its spinal-fusion technologies. The jury found that Memphis-based Medtronic Sofamor Danek Inc. breached some parts of its agreements with Los Angeles surgeon Gary Michelson and that some of the company's products infringe on his patents. The company may have to pay additional damages on those products. The company could also be ordered to pay punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. , to be determined by the jury during a separate phase of the trial. Motorola cutting 1,000 positions CHICAGO - Motorola Inc. will eliminate 1,000 jobs and take a charge of $50 million for severance benefits as it moves to complete a spinoff of its money-losing semiconductor unit, the company said Tuesday. Analysts said the reductions will help the world's No. 2 cell-phone maker fine-tune its operations. |
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