Abbott Laboratories pulls diet drug Meridia over concerns about heart risks.

Beverly Hills expands brand into the perfume and beauty business.

Cnooc, the oil giant based in China, invests in Texas.

CVS Caremark is bullish about business prospects from U.S. health-care reform.

Disney faces marketing and ethics scrutiny over disappointing opening-weekend box-office for Secretariat.

Focus Brands acquires soft-pretzel chain Auntie Anne’s.

Gawker Media chief Nick Denton is profiled in the New Yorker.

Glee beats Beatles singles record.Continue reading...

Coca-Cola retains its lead in Interbrand's 2010 Best Global Brands (visit www.bestglobalbrands.com for the full report).

Abbott Laboratories receives split FDA decision on Meridia.

Boeing plans to fly tourists to space. Separately, the World Trade Organization says it received illegal assistance from the U.S. in its continuing battle with Airbus.

Carrefour sets a strategy to become the “IKEA of groceries.”

FedEx reports more than doubling of fiscal first-quarter profits, but trims outlook and announces job cuts.

Forest Laboratories settles claims that it marketed Celexa antidepressant drug to children.

Goldman Sachs faces a lawsuit alleging widespread sex bias.Continue reading...