Sunday, March 25, 2012

QUICK OVERVIEW

  • Commercial beekeepers and environmental organizations filed a petition, asking federal regulators to suspend use of a pesticide they say harms honeybees. The group is urging the U.S. Environmental Protection Agency to ban the insecticide clothianidin, one of a class of chemicals that act on the central nervous system of insects.

  • U.S. Existing home sales fell 0.9% from February.

  • The Biotechnology Industry Organization applauded the Faster Access to Specialized Treatments (FAST) Act. According to BIO the legislation will modernize the Accelerated Approval pathway to expedite the development of modern, targeted, and personalized therapies for patients suffering from serious and life-threatening diseases.

  • U.S. crude oil inventories fell last week by 1.16 million barrels to 346.29 million barrels

  • Fed chairman exhorts Europe's leaders to beef up its banks.

  • A tax on financial transactions could help improve revenues for EU cities and regions, the president of the European Parliament said.

  • Britain revised expectation of economic growth rate to 0.8%.

  • The number of paid employees of Macao's gaming sector reached 50,198 at the end of 2011, an increase of 12% YoY.

  • A gang of women - described as blonde, bilingual and well educated - have been taking Brazilian shopping malls by storm, kidnapping shoppers and maxing out their credit cards, police say.

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