The month of May saw the FDA greenlight 5 new drugs, including 1 new molecular entity, and surprisingly turn down 1 drug candidate, whose approval was considered a no-brainer by some experts.
While reporting a wider loss for the first quarter, Sears Holdings Corp. said it has decided to "aggressively evaluate" all potential alternatives for its top brands - Kenmore, Craftsman and DieHard or KCD, and the Sears Home Services or SHS businesses. Sears has retained Citigroup Global Markets and LionTree Advisors to assist in its efforts.
Microsoft and Facebook Thursday announced a joint plan to lay a new, state-of-the art subsea cable across the Atlantic. Microsoft and Facebook said the new MAREA —Spanish for "tide"— giant underwater cable will help meet the growing demand for high speed, reliable connections for cloud and online services for their customers. The parties have cleared conditions to go "Contract-In-Force" with th