Word: withdrew
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Just two months ago, shares in the German chemical giant Bayer fell sharply after the company withdrew a cholesterol-lowering drug from the market in the wake of 52 related deaths. Now those shares have partly bounced back because of another tragedy: Bayer?s antibiotic Cipro is the drug of choice for treating anthrax, the deadly illness that has infected one person in Kenya, several in the U.S. - and terrorized millions around the world...
...lost profits this year. "Lipobay was the cornerstone of Bayer?s profitability, and its withdrawal has dramatic consequences for earnings now and in the future," said Guy Phillips, an analyst with the French bank BNP Paribas in London. Worse still, German prosecutors launched an investigation into whether Bayer withdrew Lipobay quickly enough after the medication was linked to those 52 fatalities...
Sales at Tommy’s House of Pizza are down about 15 percent this year, after the City of Cambridge withdrew the permit allowing the late-night establishment to stay open until 3 a.m. according to the Tommy’s owner Mian Iftikhar...
...terrorist act. U.S. officials said the Tupolev-154 may have been struck accidentally by a Ukrainian missile during a training exercise. MACEDONIA Plan in Jeopardy Macedonian police attempted to reoccupy several villages in the north of the country that had been held by ethnic Albanian rebels, but withdrew after meeting what one official called "a hostile reception." Western envoys in the country warned the government not to attempt to re-establish control in contested areas until more progress was made on a two-month-old peace accord. The government has yet to enact key provisions that would upgrade ethnic Albanian...
...sure, Latin America has seen its share of dotcom flameouts and busted deals. Last month Telefonica of Spain withdrew its takeover bid for a Brazilian cellular company, citing financial fallout from the terror attacks against...