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...banks that were deemed to need capital will have to submit their money-raising plans to regulators. Government officials have said they intend to make management changes at the banks if the plans are deemed inadequate. Despite the relatively small $5.5 billion Citi was told to raise, the stress test deepened concerns about the bank. That means the hurdle Citi will have to jump in order to prove its management is up to the task could be higher than for the other banks...

Author: /time Magazine | Title: Inside Citi's Stress Test: More like an F than a B+ | 5/14/2009 | See Source »

...Actions." The credit is for the conversion of preferred stock that Citi says it plans to do but has not yet completed. Among the other 18 banks that were examined, only one other, Bank of America, was allowed to include a similar credit in the results of its stress test. And at $1.8 billion, BofA's credit was far less a factor in the outcome of its test than Citi's was. Since the stress tests, other banks have announced plans or have been able to quickly complete capital-raising deals. Yet, unlike Citi and BofA, none of these planned...

Author: /time Magazine | Title: Inside Citi's Stress Test: More like an F than a B+ | 5/14/2009 | See Source »

Researchers from the University of Oxford announced on Thursday that they have developed the first genetic test for predicting the likelihood that a patient's colon cancer will recur...

Author: /time Magazine | Title: Study: First Test for Colon-Cancer Recurrence | 5/14/2009 | See Source »

...test, which scans for mutations in 12 genes expressed by colon tumors, can tell patients in the early stages of colon cancer the chances that their disease will come back after treatment. That information can help doctors decide whether patients will need chemotherapy once their tumors are removed through surgery. According to the researchers who conducted the first study of the test, patients with low risk scores may expect an 8% chance of seeing their cancer come back within three years; higher-scoring patients have a 25% chance of recurrence over the same time period. Colon cancer is currently...

Author: /time Magazine | Title: Study: First Test for Colon-Cancer Recurrence | 5/14/2009 | See Source »

Kerr looked at the usefulness of the test in more than 1,000 Stage 2 colon-cancer patients. At this stage, the cancer has penetrated the colon wall but has not spread beyond the colon into the lymph nodes or nearby tissues. About 90% of Stage 2 patients survive five years beyond the diagnosis. In almost all cases, surgeons remove the cancer first; studies have shown that surgery alone can cure four out of five cases of Stage 2 colon cancer. But how do patients know if they are the outlying fifth case or if they are among the fortunate...

Author: /time Magazine | Title: Study: First Test for Colon-Cancer Recurrence | 5/14/2009 | See Source »

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