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Ranbaxy: Trouble in the US (Business Standard India)
The expected delay in the launch of Imitrex, a migraine drug, in the US market, will hurt the Rs 6,648 crore Ranbaxy Laboratories. The Street had been hoping for revenues of around $80-100 million from sales of the generic in the US.
Oil above US$48 as investors eye Gaza conflict, OPEC (MSN Money Canada)
SINGAPORE - Oil prices remained above US$48 a barrel Tuesday in Asia amid signs OPEC is implementing announced production cuts and as Israel's ground offensive in Gaza kept tensions high in the oil-rich Middle East.
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