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Press Releases

UPDATE 2-America Movil profit drops as Mexico competition grows

MEXICO CITY, April 27- America Movil said on Wednesday first-quarter profit fell more than 40 percent from a year ago, as mobile competition from AT&T Inc intensified in Mexico and it started paying rent on cell towers after a sweeping regulatory overhaul. The 2013 overhaul was aimed at curbing America Movil's 70 percent market share in Mexico by forcing it to...

Source: Reuters

UPDATE 1-Telefonica Brasil profit nearly triples on tower sales, cost cuts

SAO PAULO, April 27- Telefonica Brasil SA said on Wednesday it nearly tripled first-quarter net income from a year ago as the country's biggest telecommunications company sold cell towers and cut costs after acquiring broadband provider GVT. Profit rose to 1.218 billion reais, it said in a securities filing, beating an average forecast of 1.1 billion reais in a...

Source: Reuters

Honda to add three green cars under Clarity name

DETROIT, April 21- Honda Motor Co will roll out three environmentally friendly sedans under the Clarity name in the United States by the end of 2017, the Japanese automaker said on Thursday, as it aims to boost green vehicle sales. A totally new model, the Honda Fuel Cell, was launched in Japan in March and will be available in California late this year.

Source: Reuters

AMC: No phones in theaters

CNBC's Julia Boorstin reports on the blacklash against AMC about their initial idea about allowing cell phones in movie theaters.


FDA panel asks for more data on Clovis' lung cancer drug

April 12- An independent panel of experts to the U.S. Food and Drug Administration on Tuesday asked Clovis Oncology Inc for more data on its lung cancer drug before making a final decision on the treatment. The drug, rociletinib, is designed to treat a subset of patients with advanced non-small cell lung cancer whose condition has worsened despite treatment.

Source: Reuters

Illegal mining hits Congo gorilla population - conservationists

JOHANNESBURG, April 6- The world's largest gorilla sub-species has seen its population fall 77 percent over the past two decades, a trend linked to illegal mining for coltan, a key mineral used in the production of cell phones and electronics, a new report has found. A report this week by the Wildlife Conservation Society and Fauna& Flora International found that...

Source: Reuters

UPDATE 1-Vericel stem cell heart failure therapy cuts deaths -study

April 4- A stem cell therapy developed by Vericel Corp helped reduce deaths and hospitalizations in advanced heart failure patients, according to data from a midstage study, potentially providing a treatment that could delay the need for heart transplants. "It's a little baffling that you're keeping patients alive, but not having any effect on those secondary...

Source: Reuters

UPDATE 1-Rare liver disorder drug from Jazz wins U.S. approval

March 30- The U.S. Food and Drug Administration has cleared Jazz Pharmaceuticals Plc's drug to treat a rare kind of liver disease, making it the first treatment to win U.S. approval for the condition. Out of the nearly 20,000 stem cell transplantation procedures done in the United States annually, about 8.8 to 13.8 percent of the patients suffer from severe VOD,...

Source: Reuters

Stripped-down synthetic organism sheds light on nature of life

WASHINGTON, March 24- Scientists on Thursday announced the creation of a synthetic organism stripped down to the bare essentials with the fewest genes needed to survive and multiply, a feat at the microscopic level that may provide big insights on the very nature of life. Genome research pioneer J. Craig Venter called the bacterial cell his research team...

Source: Reuters

Google responds to CNBC on Boston Dynamics

Is Google looking to cell Boston Dynamics? The tech giant responds.