Allergan has agreed to pay nearly $1 billion to acquire MAP Pharmaceuticals and gain full control of its experimental treatment for migraine headaches, the two companies announced Tuesday night.The purchase price of $25 a share in cash is a 60 percent premium over MAP’s closing price on Tuesday of $15.58 a share. The deal, valued at $958 million in total, suggests that Allergan has considerable faith...
The New Old Age Blog: Study Links Cognitive Deficits, Hearing Loss
Label: HealthThere’s another reason to be concerned about hearing loss — one of the most common health conditions in older adults and one of the most widely undertreated. A new study by researchers at Johns Hopkins Medicine suggests that elderly people with compromised hearing are at risk of developing cognitive deficits — problems with memory and thinking — sooner than those whose hearing is intact.The study...
The New Old Age Blog: Study Links Cognitive Deficits, Hearing Loss
Label: LifestyleThere’s another reason to be concerned about hearing loss — one of the most common health conditions in older adults and one of the most widely undertreated. A new study by researchers at Johns Hopkins Medicine suggests that elderly people with compromised hearing are at risk of developing cognitive deficits — problems with memory and thinking — sooner than those whose hearing is intact.The study...
DealBook: Microsoft May Back Dell Buyout
Label: TechnologyThe effort to take Dell private has gained a prominent, if unusual, backer: Microsoft.The software giant is in talks to help finance a takeover bid for Dell that would exceed $20 billion, a person briefed on the matter said on Tuesday. Microsoft is expected to contribute up to several billion dollars.An investment by Microsoft — if it comes to pass — could be enough to push a leveraged buyout of the...
North Korea Hints at New Nuclear Test
Label: WorldSEOUL, South Korea - North Korea said on Wednesday that its nuclear weapon program was no longer negotiable, and indicated that it might conduct its third nuclear test to retaliate against the United Nations Security Council’s tightening of sanctions against the isolated yet highly militarized country. Although it was not the first time North Korea issued such strident rhetoric, its posture,...
Jan
22
Bank of Japan Moves to Fight Deflation
Label: BusinessTOKYO — The Bank of Japan set an ambitious 2 percent inflation target and pledged to ease monetary policy “decisively” by introducing open-ended asset purchases, following intense pressure from the country’s audacious new prime minister, Shinzo Abe, who has made beating deflation a national priority. In a joint statement Tuesday with the government, the central bank said it was doubling...
The Week: A Roundup of This Week’s Science News
Label: Health“Science,” a colleague once said at a meeting, “is a mighty enterprise, which is really rather quite topical.” He was so right: as we continue to enhance our coverage of the scientific world, we always aim to keep the latest news front and center. His observation seemed like a nice way to introduce this column, which will highlight the week’s developments in health and science news and glance...
The Week: A Roundup of This Week’s Science News
Label: Lifestyle“Science,” a colleague once said at a meeting, “is a mighty enterprise, which is really rather quite topical.” He was so right: as we continue to enhance our coverage of the scientific world, we always aim to keep the latest news front and center. His observation seemed like a nice way to introduce this column, which will highlight the week’s developments in health and science news and glance...
Media Decoder: Pew Survey Finds Reliance on Libraries for Computers and Internet
Label: TechnologyFree access to computers and the Internet is now nearly as important to library patrons as borrowing books, according to a new survey.The survey, released Tuesday by the Pew Research Center’s Internet & American Life Project, found that 80 percent of Americans said book borrowing was a “very important” library service, but 77 percent said the same thing about computers and the Internet.The study...
British Woman Sentenced to Death in Bali Drug Case
Label: WorldJAKARTA — A British woman was sentenced to death Tuesday by an Indonesian court after she was caught smuggling $2.5 million worth of cocaine onto the island of Bali. The woman, Lindsay June Sandiford, 56, had claimed that she was forced to take the drugs into the country by a gang that had threatened to hurt one of her children. Her death sentence came even though prosecutors had only recommended...
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