Industry News

TECHNOLOGY
Jobs taking leave from Apple

U.S. Technology Index



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Co-founder Steve Jobs' medical problems are "more complex," he concedes, and compel him to take a leave of absence through June 30.

• New Yahoo CEO Bartz reportedly not sold on idea of a revived deal
• Autodesk says will shed 10% of workers as profit to come up short
• Lower sales for Xilinx, but third-quarter profit shows 35% growth
• Rare move for Google: Roughly 100 workers to lose their jobs
• Motorola vows further job cuts as fourth quarter to yield loss

More tech industry news >>

HEALTH CARE
Eli Lilly in Zyprexa settlement

U.S. Health-Care Index



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Drugmaker acknowledges that it marketed antipsychotic in unauthorized manner, agrees to pay $1.4 billion to settle civil and criminal complaints.

• Pfizer reportedly to lay off 800 in research division
• Genzyme's upbeat about growth prospects for 2009
• Elan fuels M&A speculation, hiring Citigroup to advise on options
• Abbott Labs paying 150% premium to buy Advanced Medical Optics
• CVS Caremark sounds cautious note on 2009 profit outlook

More health care news >>

RETAIL & CONSUMER
Tiffany's hardly in the lap of luxury

U.S. General Retailers Index



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As holiday-season sales decline 21%, high-end jewelry retailer again has to resort to reducing its full-year financial forecast.

• Liz Claiborne sees quarterly loss but wins credit amendments
• Constellation Brands to sell off lower-end spirits for $334 million
• Consumer electronics not getting any less difficult for Best Buy
• Business conditions remain rocky for Coach Inc.
• Wal-Mart's sales prove disappointing; discounter steers profit lower

More retail & consumer news >>

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