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Electronics, far and away, was the lightning rod for bargain-hungry shoppers this year both in stores and online. Traffic at Best Buy was "materially bigger" and cash-register ring-ups exceeded last year's sales, says Barclays Capital senior research analyst Michael Lasser...
Teen-oriented and casual-wear retailers, which had a slow start in November, were among the busiest over the Black Friday weekend. Companies such as Aeropostale, American Eagle Outfitters and Old Navy were big winners, wrote Credit Suisse analyst Lejuez in a research note. Traffic to Victoria's Secret and Bath & Body Works was also strong, said Kimberly Greenberger, a managing director at Citigroup Global Markets...
That message changed Dec. 2 at 12:30 p.m. ET, when the government finally made available the first 13 stem-cell lines that researchers can study with federal funds. Researchers had been awaiting the announcement since March 9, when President Obama signed an Executive Order lifting the ban that former President George W. Bush had placed on government support of human-embryonic-stem-cell research. The previous Administration had restricted federally funded studies to only the dozen or so stem-cell lines that had been created before Aug. 9, 2001. The new policy allows scientists to experiment with any existing...
Already, the Federal Government has given out 31 grants totaling about $21 million for research involving the larger pool of human embryonic stem cells. But the recipients of that money have been waiting to use it since September, when the NIH, charged with establishing and applying the stem-cell vetting criteria, began reviewing potentially eligible cells. In addition to the 13 lines approved on Wednesday, another 96 lines are waiting for the green light, 20 of which may get it by Friday...
...what clearly has been a time of frustration on the part of the scientific community over their inability to gain access to federally funded cell lines, that's now changing," Dr. Francis Collins, director of NIH, told reporters during a telephone briefing. "Because the vast majority of basic biomedical research that goes on in the U.S. is supported by NIH, the fact that researchers who are our grantees could not work on the new lines was seen by many people as a significant deterrent to rapid progress in the field." (See how to prevent illness...