Word: monday
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...GlaxoSmithKline shares took an immediate hit from the release of Nissen's study, falling 7.85% on Monday, with more than 11 million shares - nine times the usual trading volume - changing hands. Investors, not surprisingly, were spooked by the doubts raised about Avandia, which accounted for $3.2 billion in sales last year for GSK. The company went on the offensive almost immediately, releasing a statement criticizing Nissen's research methods. "GSK strongly disagrees with the conclusions reached in the NEJM article, which are based on incomplete evidence and a methodology that the author admits has significant limitations," read the statement. Mary...
Fighting between Lebanese troops and militants from an Islamist Palestinian faction continued outside Tripoli, Lebanon's second biggest city, for a second day Monday in the country's worst internal violence since the end of the 1975-1990 civil...
...Monday morning, calm had returned to central Tripoli, but the Lebanese government vowed to continue its offensive against militants holed up in Nahr al-Bared. The Lebanese government believes that the sudden surge of violence is linked to moves by members of the United Nations Security Council to appoint an international tribunal to try suspects in the 2005 assassination of Lebanese prime minister Rafik Hariri. Though Syria has denied any involvement, many believe it was behind the killing. "The pro-Syrian opposition has reached a complete political deadlock and the international tribunal is about to be passed by the United...
...Washington, China announced a token increase in the range in which it will allow the RMB to trade against the dollar. Beijing also raised interest rates and increased the amount of capital banks need to keep in reserve - both moves intended to slow China's breakneck economy. On Monday, Beijing also announced it was taking a 10 percent stake in the Blackstone Group, the big U.S. private equity firm that is about to go public on the New York Stock exchange, indicating that Beijing would like to earn a slightly better return on at least some of its $1.2 trillion...
...This Monday, student representatives will meet with top administrators, including Vice President for Human Resources Marilyn Hausammann, and Director of Labor and Employee Relations Bill Murphy, to further discuss the dispute over security guard wages, according to Aguilera, who is an inactive member of The Crimson’s editorial board...