BRIEFCASE SEC TO SUE MAKER OF BLOOD PRODUCT.Byline: - Staff and Wire Services CAMBRIDGE, Mass. - Shares of Biopure Corp. fell sharply Friday, the first day of trading after the developer of an artificial blood product said it expected to be sued by the Securities and Exchange Commission over disclosure of its communications with drug regulators. Biopure announced late Wednesday it had received a ``Wells Notice'' from the SEC indicating a preliminary decision to bring a civil action against the Cambridge-based biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. company. The company's shares closed down 39 cents, or 14 percent, at $2.43 in trading Friday on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. after trading as low as $2.26 earlier in the day. Biopure said it believes the SEC is concerned with communications between the company and the Food and Drug Administration about a proposed trial for a higher dosage of artificial blood that 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. declined to approve for safety reasons. In a news release, Biopure said it did not believe disclosing the planned trial or its cancellation was material. Labor shortage A Labor shortage is an economic condition in which there are insufficient qualified candidates (employees) to fill the market-place demands for employment at any price. This condition is sometimes referred to by Economists as "an insufficiency in the labor force. at Delta is over ATLANTA - Delta Air Lines flights departing Hartsfield-Jackson International Airport were back to a normal schedule Friday. The airline had canceled more than 30 flights on Christmas Day because of a flight attendant shortage. As of 2:30 p.m. EST P.M. also p.m. or p.m. abbr. post meridiem Usage Note: By definition, 12 a.m. Christmas Day, the airline was back on schedule, Delta Air Lines spokesman Joshua Smith Joshua Smith may refer to:
Flight attendant Andrea Taylor, who supports efforts to unionize Delta's flight attendants, said many colleagues have taken sick leave before the end of the year because their sick leave days will be reduced next year. When there's a shortage of flight attendants, the company may offer extra compensation for flight attendants to pick up flights, she said. A general call for replacements did not go out until late Christmas Day, Taylor said. AT&T to freeze pay of managers BEDMINSTER, N.J. - Roughly 43,000 managers at AT&T Corp. will not get pay raises next year, a move aimed at helping the telephone company contend with falling revenues in an industry beset with price wars and competition from wireless and Internet-based calling. The managers, who normally would have been in line for raises in April, will have their salaries frozen until April 2005. The workers were notified recently in a mass e-mail from David Dorman David W. Dorman (born 1954 in Georgia) is an American Telecommunications executive, currently serving on the board of Motorola.[1] In 2000, he took on the task of rebuilding AT&T, whose total stock value had fallen from a high of $110 billion to a low of less than , AT&T's chief executive officer. This year, raises due in April were postponed until September Until September is a 1984 romantic drama set in France. It stars Karen Allen as an American tourist in Paris who falls in love with a married Frenchman (Thierry Lhermitte). External links . AT&T, based in Bedminster, N.J., has about 64,000 workers. |
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