Thursday, December 30, 2010

Asthma Med Primatene Mist Being Reformulated

Because its propellant is a chloroflourocarbon,Primatene Mist is being reformulated by Armstrong Pharmaceuticals.As of December 31,2011,the Food and Drug Administration is banning the production and sale of epinephrine metered dose inhalers containing CFCs to protect the atmosphere's ozone layer.
Primatene Mist,introduced in 1964,is the only inhalable over the counter medication for the temporary relief of occasional symptoms of bronchial asthma.Although Primatene Mist will have a new,non-CFC propellant,its active ingredient will remain epinephrine.
Primatene Mist relieves wheezing,tightness of chest and shortness of breath in as little as 15 seconds.It is the number one OTC brand for physician-diagnosed bronchial asthma.
The Primatene brand is also applied to OTC tablets,sold since 1954,which ease breathing for asthma patients by reducing spasms of bronchial muscles,loosening phlegm and thinning bronchial secretions.Highly regarded by patients,Primatene tablets are a product of Pfizer Consumer Healthcare and have different active ingredients than Primatene Mist.
Pfizer(PFE)

Sunday, December 26, 2010

Wall Street Partner:Improvement Will Be Muted

Alison Deans,a partner at the newly-formed Varick Asset Management and a CNBC contributor,says corporate America is gonna do very well in 2011,but fears of rising interest rates will hold back multiples expansion-or improvement in measures of a company's financial well being-while that change is happening.We will be beneath 2007's all time highs.
What's coming through from Washington is more important for business confidence.The increase in hiring will take place in the second half of 2011.We're looking at 2.5-3%Gross Domestic Product growth for the new year.There will be a lackluster first half,and a better second half.
Unemployment may possibly dip beneath 9% in 2011,Ms.Deans thinks.A Wall Street veteran,she had previously worked for Lehman Brothers and Neuberger Berman.

Canadian Banks Go Shopping

Canadian banks,which are considered the strongest in the world by the International Monetary Fund,are looking southward to expand their businesses.Last week,Toronto Dominion Bank purchased Chrysler Financial from private equity firm Cerberus Capital for 6.3 billion dollars U.S.,and the Bank of Montreal bought Marshall&Ilsley for 4.1 billion.
Chrysler Financial's loan book is 90% U.S. loans and 10% Canadian.Both the acquired firms are regarded as being relatively weak.
The Royal Bank of Canada thinks SunTrust Banks is a likely takeover target as well.
In response to the news,shares of Toronto Dominion rose 10.83%.Ed Clark is CEO of Toronto Dominion,while William Downe is CEO of Bank of Montreal.
Toronto Dominion Bank(TD),Bank of Montreal(BMO),SunTrust Banks(STI),Marshall&Ilsley(MI),Royal Bank of Canada(RBC)

Food Retailer Hiring Event

Aldi,a major select assortment grocer,is having a hiring event for ALL stores in the MD/DC/VA area on Tuesday,January 4 from 6am-10am and 3pm-6pm at
Marriott Inn&Conference Center UMUC
3501 University Boulevard
Hyattsville,MD
Aldi Foods
13782 Smoketown Road
Woodbridge,VA
Aldi Foods
8256 Richmond Hw
Alexandria,VA
They need Manager Trainees,Shift Managers and Cashiers for their dedicated,supported,team-oriented environment.Generous benefits such as major medical/dental/vision,vacation time,paid holidays and 401(k) are offered.You may visit ALDI.us/storejobs for more information.

Thursday, December 23, 2010

USC Fotonovela Highlights Dementia

Latino families are among those who tend to deal with dementia on their own,rather than seek professional assistance.A number of USC staff members have collaborated on a fotonovela,a sort of photographic comic book popular in the Latino community,that helps families understand dementia and presents the possibility of getting help for aged relatives stricken with the brain disorder.
Based on multidisciplinary research,Forgotten Memories tells the story of an elderly mariachi musician,Memo,who is showing signs of memory loss.His pharmacist urges Memo to undergo memory screening at a clinic.A physician at the clinic recommends medication for Memo and a support group for Memo's wife to help her with managing his illness.A lot of time went into ensuring the cultural sensitivity of the fotonovela.
Leading the project is Mel Baron,an associate professor at the USC School of Pharmacy.Academics from USC College and the Keck School of Medicine,as well as the pharmacy school,provided research for the fotonovela.It will be distributed at clinics,pharmacies and community events such as mariachi festivals.
Forgotten Memories was underwritten by Pfizer,Forest Laboratories,Good Neighbor Pharmacies,the National Association of Chain Drugstores and several USC organizations.
More than 30 million people are suffering from the diseases that cause dementia worldwide-a number that grows rapidly by the day.

Sunday, December 19, 2010

Richard LeFrak:A Brightening Business Picture

For Richard LeFrak,billionaire head of The LeFrak Organization,it's clear that business conditions are getting better.He sees it in his real estate and hotel businesses.There is also some improvement in his mall sales.
Indeed,they are ready to build a high-rise multifamily project on the New Jersey waterfront in March or April.They have to be a little ahead of demand.It's their first new development in two and a half years.
Mr.Lefrak is starting to see pretty good uptick in certain submarkets,the best of which is Miami.The majority of the buyers are coming from Latin America-all cash buyers looking for income.There's a vigorous demand everywhere in Miami.All those markets are red-hot.
Banks are a little more confident,ready to play with the borrowers.As conditions get better,the problem is shrinking of its own accord,and there's no supply coming on the market.All of these things make it look a little better,Mr.LeFrak observes.
The LeFrak Organization is a multifaceted holding company with extensive properties in New York,Los Angeles and London.

MF Global:2011 Prospects For Investors

John Brady,Senior Vice-President at MF Global,says you're seeing capital go out of bond funds and into stock funds.He really thinks it's been about a repositioning trade,a rotation trade,getting cash off the balance sheet and back into the market.
The refinancing schedule for Spain and Italy really picks up next year.Investors want to be very concerned then about what takes place in the Euro-zone.
Perhaps inflation and monetary policy in China will affect the market in 2011,increasing global market volatility.
Mr.Brady still thinks it's gonna be a slow,long recovery in the employment market.
MF Global is a brokerage offering customized solutions,providing its clients global access to more than 70 securities and futures exchanges,as well as OTC markets.It has offices worldwide,from New York to London and Dubai.
MF Global Holdings Ltd(MF)