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Swallen notes that such losses would only last during the first two years of the ban. During that time, new drugs would still receive FDA approval, and consumer advertising could begin once the moratorium is over. "The line would be frozen behind the gate for two years," Swallen says. "But the number of brands waiting in line will grow, and there will be the same flow into the market once the gate reopens. It's a onetime deferral...
...generally are in healthy shape. "They are much less leveraged" than in the past, Walker says. "There has been an aversion to taking on debt in Asia since 1998. There is less vulnerability to a downturn in economic activity." As interest rates around the region fall, Asian companies will begin to seek loans and invest, jumpstarting regional growth. "In that sense, the region is in actually quite a good position to springboard back into recovery" ahead of the U.S. or Europe, Walker says...
Macy's said it would lay off 7,000 people, cut its dividend by about 60%, and begin a tender offer for some of its debt...
...Harvard coach Katey Stone said. “It’s a great time to be playing some serious, fast hockey and that’s what we did tonight and that’s why we were able to take advantage of the situation from the beginning, right off the bat, all the way to the end.” Tri-captain Sarah Vaillancourt scored three goals on the night, her second hat trick in four games, and had a hand in four of the other goals. The first time she worked her magic was on the second...
...production levels to hit bottom in the second quarter of this year, and says some recovery might be seen in the second half of this year. Shiraishi adds that manufacturers could start growing again around 2012, when a wave of Japan's baby boomers will reach age 65 and begin to spend their nest eggs. "They've been saving a lot to prepare for their retirement," says Shiraishi. "That could be a stabilizing factor for Japan." One catch, he says: they probably won't buy more cars...