Financial news on December 5th, 2009
Business and Financial news
In a sign that Apple is looking at alternative ways for people to play digital music, the company has agreed to acquire Lala, a start-up, a person with knowledge of the deal said. Read more..
Hurt by the recession, a famed French restaurant founded in 1582 is auctioning off 18,000 bottles of wine and cognac. Read more..
The Stanford Mobile Phone Orchestra pushes the frontiers of computer music using iPhones as instruments. Read more..
Vitamin sales in the United States are expected to grow 8 percent this year to $9.2 billion, according to Nutrition Business Journal. Read more..
To appease regulators and rival browser makers in Europe, the company says it will change the display of a ballot screen. Read more..
Experts question the value of the expensive lymphoma drug Folotyn, which shrinks tumors but has not been shown to prolong lives. Read more..
After surging more than 1 percent on a better-than-expected jobs report, shares on Wall Street fell back. Read more..
Folotyn is an improved form of methotrexate, a decades-old chemotherapy drug that by itself does not appear to be effective against peripheral T-cell lymphoma. Read more..
The monthly survey by the Institute for Supply Management suggests that the 10.2 percent unemployment rate in October was the peak. Read more..