BRIEFCASE COURT INVALIDATES FOSAMAX PATENT.Byline: - Staff and Wire Services TRENTON, N.J. - A federal court invalidated in·val·i·date tr.v. in·val·i·dat·ed, in·val·i·dat·ing, in·val·i·dates To make invalid; nullify. in·val the patent on Friday for Merck & Co.'s second-largest selling drug, the blockbuster osteoporosis treatment Fosamax, in a decision that offers millions of patients hope for a cheaper version sooner, but darkens the company's already clouded outlook. The company also was hit with news that the federal Securities and Exchange Commission is starting a formal inquiry into its handling of arthritis blockbuster Vioxx, which it withdrew from the market last year after studies showed it increased the risk of heart attacks and strokes. Merck's shares tumbled in heavy trading. UAL UAL United Airlines (ICAO code) UAL Unified Accelerator Library (Brookhaven National Laboratory) UAL User Account Lockdown UAL User Access Layer UAL Universal Auxiliary Language UAL User Agent Layer mechanics reject contract CHICAGO - United Airlines' mechanics rejected a tentative contract agreement and voted to authorize a strike if the carrier persuades a bankruptcy judge to impose the labor cuts, union officials said Friday. The vote is a setback in United's bid to cut costs in order to exit bankruptcy. The company said Friday that it would to ask a bankruptcy judge to impose the wage and benefit cuts on mechanics, which would save about $100 million annually. The Aircraft Mechanics Fraternal Association The Aircraft Mechanics Fraternal Association (AMFA) is an independent union that represents aircraft maintenance employees of commercial airlines in the United States. AMFA is committed to the principles of craft unionism, in that it seeks to represent only airline mechanics and represents about 7,000 United mechanics. The union said members ``overwhelmingly'' rejected the contract, although it did not release vote totals. The union said the cuts total more than 18 percent when reductions in benefits such as sick time and holidays are factored in. Shareholders OK Molson merger MONTREAL - Shareholders of Canada's biggest brewer, Molson Inc., on Friday voted overwhelmingly in favor of merging with Adolph Coors Adolph Herman Joseph Coors, Sr. (February 4, 1847 – June 5, 1929) was a brewer who started the Adolph Coors Company in Golden, Colorado in 1873. Early years Co., the third-largest brewery in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The $6 billion merger would form the world's fifth-largest brewery if Coors shareholders also approve next Tuesday, as is widely expected. The combined Molson Coors Brewing Co., with headquarters both in Montreal and Denver, would own brands that include Coors Original, Coors Light, Keystone, Molson Canadian and Carling car·ling n. One of the short timbers running fore and aft that connect the transverse beams supporting the deck of a ship. [Middle English, from Old French calingue and from Old Norse . Molson officials said that more than 80 percent of the shareholders agreed to the merger, whose chances were increased earlier this month after the brewers dramatically increased a special dividend to persuade wavering Molson shareholders to approve their deal. McDonald's posts tripled Q4 profits CHICAGO - Strong U.S. sales helped McDonald's Corp. more than triple its fourth-quarter profits to $398 million, capping the fast-food chain's best single-year sales improvement since 1987. Intent on keeping the momentum going, the company raised the possibility Friday it might spin off its Chipotle Mexican Grill Chipotle Mexican Grill (NYSE: CMG) is a Denver, Colorado-based chain of Fresh Mex restaurants specializing in San Francisco burritos and tacos. Founded by Steve Ells in 1993, the restaurant is known for its chunky guacamole and large burritos. business and plow plow or plough, agricultural implement used to cut furrows in and turn up the soil, preparing it for planting. The plow is generally considered the most important tillage tool. much of the proceeds into McDonald's restaurants There are more than 30,000 McDonald's restaurants in 119 countries. Restaurants The first McDonald's was not a restaurant at all, but it was a sit-in stand. The company's early franchises were built to a standard pattern that did not offer seating; this was in part to prevent . That 400-restaurant operation has grown and is proving increasingly successful, it said. The same can be said for results from the 13,000-plus U.S. McDonald's restaurants, where the Oak Brook, Ill.-based company extended its nearly two-year hot streak. |
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