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Merck Vioxx Litigation Score Card

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In the homestretch leading up to the latest trial in New Orleans, the score in the Vioxx litigation was 5 to 4 in favor of Merck. However, in mid-August, 2006, a New Jersey victory for Merck was thrown out reversing the score to 5 to 4 in favor of plaintiffs.

But none of the winning plaintiffs should count their chickens before they are hatched because according to Merck's SEC filing on August 7, 2006, although the company has set aside $685 for attorney fees and legal defense costs:

"The Company has not established any reserves for any potential liability relating to the Vioxx Lawsuits or the Vioxx Investigations, including for those cases in which a verdict or judgment has been entered against the Company, and are now in post-verdict proceedings or on appeal."

Buying land for sale is a worthy investment

Buying land for sale is a worthy investment

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The richest men in the world including Donald Trump and Howard Hughes have made billions investing in land for sale. Actually most investors have made fortune in land for sale. So if this idea has never crossed your mind then it is time to get a closer look at land for sale as an investment because it can produce great returns at very low risk.

Most investors have bought land for sale in the UK and this business has been a very profitable one making triple digit returns just in a few years. Many companies specialized in land have made it possible for foreign and UK investors to buy land for sale in UK with just $10,000.

Yahoo Shares Fall on Reports of Lower Advertising Sales and Revenue – Ripple Hits Google eBay and Amazon

Yahoo Shares Fall on Reports of Lower Advertising Sales and Revenue – Ripple Hits Google eBay and Amazon

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Yahoo! says that sales this quarter will be at the low end of the forecast spectrum. Slower advertising demand from automakers and financial service providers made the difference. “We have seen a little bit of weakness in the last three or four weeks,'' Chief Financial Officer Susan Decker said today at a Goldman, Sachs & Co. conference in New York. “It is having an impact on our quarter.''

The price of Yahoo! shares dropped $3.43 to $25.57 at 12:39 PM (EST) in the NASDAQ Stock Market composite trading. Google shares dropped $17.24 or 4.2 percent as well, to $397.45. This prompted a drop in both eBay and Amazon shares.

Device-Maker Medtronic Weighed Down With Lawsuits

Device-Maker Medtronic Weighed Down With Lawsuits

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On July 31, 2006, Jacqueline Kay Poteet, a whistleblower in a lawsuit against the giant medical device maker, Medtronic, filed a motion in a Memphis federal court to oppose the US Justice Department’s plan to settle her case, along with another whistleblower's case, for $40 million.

Critics point out that the identity of the other whistleblower remains a secret and question why it has never been made public.

Ms Poteet's motion alleges that “this case has not been adequately investigated” by the government, and that the $40 million amount is “woefully inadequate.”

Ford and General Motors Discuss Possible Merger – Industry Sources Say Negotiations Include Alliance

Ford and General Motors Discuss Possible Merger – Industry Sources Say Negotiations Include Alliance

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Ford and General Motors may be discussing a possible merger or alliance. Both companies have been hit by stiff competition from Toyota and other Japanese automakers forcing the two companies to lay off employees and trim production.

The industry publication, Automotive News, says that senior “executives at General Motors and Ford Motor Co. have discussed a merger or alliance, according to several sources familiar with the talks”. They add that the negotiations may not be fruitful, but it does appear the two companies are holding talks. One source told the agency that there is a “slim chance” that anything will come from the talks.

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