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. Last Updated: 07/27/2016

07/16/2002

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Pfizer, Pharmacia in $60Bln Drug Merger

Drug giant Pfizer Inc. has agreed to acquire the Pharmacia Corp. for $60 billion in stock, which would make it by far the most dominant drug maker in the world.

Coke to Count Stock Options

Coca-Cola Co. on Sunday said it will count employee stock options as normal business expenses.

WorldCom Irregularities Date to 2000

Accounting irregularities at fallen telecommunications giant WorldCom Inc. stretch back to 2000, one year earlier than previously believed.

Report: Cuba Travel Ban Costly

Lifting the ban on Americans traveling to Cuba would boost the U.S. economy by as much as $1.6 billion annually and create up to 23,000 new jobs each year.

Exxon Under Fire in Indonesia

The silvery pipes that extract hundreds of millions of dollars in natural gas per year for Exxon Mobil glint in the tropical sun, a glittering contrast to the ramshackle huts and rice fields of the villagers nearby.

Leaders Meet to Set China's Succession

China's aging leaders start heading for their annual retreat at the Beidaihe beach resort this week to negotiate final details of what could be the first orderly leadership succession of the Communist era.

Portals to Censor Internet for China

Internet portals in China have signed a voluntary pledge to purge the web of content that China's Communist government deems subversive.

Dissident's Release a Sign of Change or Good PR?

He touched down on American soil and entered exile at age 74, an ailing Tibetan schoolteacher who ran afoul of the Chinese government long ago for expressing his views.

New Rich Bring Class Struggle to the Fontanka

At a luxury apartment building on the Fontanka Canal, the socialist system may be dead, but the class struggle lives.

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