Allergan has agreed to pay nearly $1 billion to acquire MAP Pharmaceuticals and gain full control of its experimental treatment for migraine headaches, the two companies announced Tuesday night.The purchase price of $25 a share in cash is a 60 percent premium over MAP’s closing price on Tuesday of $15.58 a share. The deal, valued at $958 million in total, suggests that Allergan has considerable faith...
India Ink: India Warns Kashmiris to Prepare for Nuclear War
Label: WorldNEW DELHI — Indian officials are advising residents of strife-torn Kashmir to prepare for a possible nuclear war by building bombproof basements and stockpiling food and water, adding to tensions between India and Pakistan, both nuclear powers, after deadly cross-border skirmishes in recent weeks. “People should construct basements where the whole family can stay for a fortnight,” read the...
DealBook: Microsoft May Back Dell Buyout
Label: TechnologyThe effort to take Dell private has gained a prominent, if unusual, backer: Microsoft.The software giant is in talks to help finance a takeover bid for Dell that would exceed $20 billion, a person briefed on the matter said on Tuesday. Microsoft is expected to contribute up to several billion dollars.An investment by Microsoft — if it comes to pass — could be enough to push a leveraged buyout of the...
Well: Is There an Ideal Running Form?
Label: LifestyleIn recent years, many barefoot running enthusiasts have been saying that to reduce impact forces and injury risk, runners should land near the balls of their feet, not on their heels, a running style that has been thought to mimic that of our barefoot forebears and therefore represent the most natural way to run. But a new study of barefoot tribespeople in Kenya upends those ideas and, together with...
Well: Is There an Ideal Running Form?
Label: HealthIn recent years, many barefoot running enthusiasts have been saying that to reduce impact forces and injury risk, runners should land near the balls of their feet, not on their heels, a running style that has been thought to mimic that of our barefoot forebears and therefore represent the most natural way to run. But a new study of barefoot tribespeople in Kenya upends those ideas and, together with...
Jan
21
Bank of Japan Moves to Fight Deflation
Label: BusinessTOKYO — The Bank of Japan set an ambitious 2 percent inflation target and pledged to ease monetary policy “decisively” by introducing open-ended asset purchases, following intense pressure from the country’s audacious new prime minister, Shinzo Abe, who has made beating deflation a national priority. In a joint statement with the government, the central bank said it was doubling its inflation...
IHT Rendezvous: Bringing (Insert Name Here) Home for the Holiday in China
Label: WorldBEIJING — In China’s inventive marketplace, where there’s demand, there’s supply; unattached women can even rent a boyfriend over the approaching Chinese New Year to keep the relatives quiet.With that holiday, the country’s biggest, looming in February, young men are offering themselves on Taobao.com, China’s eBay, as companions for women heading home and dreading being grilled by older relations...
Media Decoder: Pew Survey Finds Reliance on Libraries for Computers and Internet
Label: TechnologyFree access to computers and the Internet is now nearly as important to library patrons as borrowing books, according to a new survey.The survey, released Tuesday by the Pew Research Center’s Internet & American Life Project, found that 80 percent of Americans said book borrowing was a “very important” library service, but 77 percent said the same thing about computers and the Internet.The study...
The Week: A Roundup of This Week’s Science News
Label: Lifestyle“Science,” a colleague once said at a meeting, “is a mighty enterprise, which is really rather quite topical.” He was so right: as we continue to enhance our coverage of the scientific world, we always aim to keep the latest news front and center. His observation seemed like a nice way to introduce this column, which will highlight the week’s developments in health and science news and glance...
The Week: A Roundup of This Week’s Science News
Label: Health“Science,” a colleague once said at a meeting, “is a mighty enterprise, which is really rather quite topical.” He was so right: as we continue to enhance our coverage of the scientific world, we always aim to keep the latest news front and center. His observation seemed like a nice way to introduce this column, which will highlight the week’s developments in health and science news and glance...
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