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August 26, 2005
Proposed US asbestos fund seen running short of funds
...approved by a key US Senate committee in May, but it is not clear that the...do: provide a final solution to the asbestos litigation crisis, which has already cost $70bn...companies. The proposed fund would pay asbestos victims on a no-fault basis, but also limit the...fund from companies that made asbestos products and their insurers “could be significantly...than the maximum of $140bn proposed in the legislation, the report said... By Patti Waldmeir in Washington
July 18, 2005
Asbestos-linked deaths raise fears over Japanese lawsuits
...to the deaths of at least 374 people in Japan. The report, published last...companies, including 27 manufacturers of asbestos products, comes in response to growing concern among the Japanese public that asbestos is not only a work- related danger...responsibility, too." In the west, asbestos litigation has hit dozens of companies and led to... By Michiyo Nakamoto in Tokyo
February 8, 2010
Convertibles look ahead to sunny days
...protection of ranking above stockholders in the corporate structure should things go wrong...think there will be quite a few deals in a steady flow,” he said. The next question...could open up a little.“There’s no reason to think more complex deals will...sure that the structure is watertight in terms of providing an instrument that...convertible with an interest coupon of 6.875 per cent.In November, it sold €300m of straightforward...downside risk if markets fall because you’re still senior to shareholders,” says...battle to promote the benefits of their products.“There is a lot of time spent with issuers... By Jennifer Hughes
December 29, 2009
Drugmaker has unique model to compete
...Let’s say you’re number five in the region and you want...people promoting your products?” Even when Hikma...generic competition comes in. No matter what brand the...model does not apply in the Middle East and...drugs, and markets its products as of superior quality...message is that we’re giving you the same quality... By John O’Doherty
December 30, 2009
Drugmaker has unique model to compete with rivals
...not have large networks of sales reps in the Middle East. Until now Hikma's in-licensing deals have focused on these...this sales force. "Let's say you're number five in the region and you want to catch up with...twice the number of people promoting your products?" Even when Hikma is selling generic...months as generic competition comes in. No matter what brand the physician prescribes... By John O'Doherty
January 25, 2010
Davos to hear of rebound in public trust
...well behind the steady 77 per cent figure in China.The return of confidence in business to pre-crisis levels, confirming...driven by only a few countries, with a re-bound in the US erasing the “trust discount...recommendations from friends on social networks are no longer given the credence they enjoyed...conducted the survey. The survey of 4,875 people in 22 countries, aged between...seen as more important than making good products and services,” Mr Edelman said. “In... By Andrew Edgecliffe-Johnson in New York
July 24, 2006
Asbestos litigation declines in face of US legal reforms
...There has been a sea change in asbestos litigation," according to Edmund Kelly...Congress last month. The decline in asbestos litigation, coupled with recent victories...castigated plaintiffs' lawyers in silica litigation - closely related to asbestos lawsuits - for the way they recruit... By Patti Waldmeir in Washington and Francesco Guerrera in New,York
2:00am
FSA in choppy waters as captain jumps ship
...beyond the end of his three-year term in July, in order to set the seal on the transformation...top of its agenda."Whoever does come in will have an enormous task," said Andrew Hart, litigation partner at Freshfields. "It will be...Chamberlain, the City law firm, said: "No one will take on the role of chief executive... By George Parker, Brooke Masters and Patrick Jenkins
February 6, 2010
The ancient landscape of the Grand Canyon
...aren’t the spotless sort. No faith is shaken when we’re told the oldest rock in the canyon, the Vishnu Schist...Pennsylvania who made it big in the Grand Canyon at the beginning...just after the copper and asbestos prospectors descended.The Kolbs...They clearly did not believe in the mythic Navajo mischief...for instance – they’re trained in “natural horsemanship... By Holly Finn
December 17, 2009
FT interview transcript: Lamido Sanusi
...that would lead to improvements in NPLs and liquidity issues and...will be much better. We’re not claiming that all our banks...itself is solid and that there are no vulnerabilities. We’re saying there are weaknesses, we...sheet to take care of the problem in the worst case scenario. FT...Will this go on for years? LS: No, it can’t. This problem...these banks will not be there; in one form or the other they will either have been re-capitalised and under new... By Tom BurgisBy