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Novo Nordisk locked in legal battle over generic drug

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Danish pharmaceutical giant Novo Nordisk is being sued by several healthcare purchasing companies that claim the drug maker wrongfully kept generic copies of its diabetes drug Prandin off the market.
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Delays in Asian coal-to-chemicals plants give oil-based facilities chance to profit

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Although coal is still the dominant force on the Chinese energy market, there is an opportunity for crude-oil-based chemical plants to take off over the next three years.
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Radioactivity in fracking water reduced with new method

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The method mixes fracking wastewater with acid drainage from mining operations or with salty water to create easily removable solids.
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Tyson Foods recalls 34,000 pounds of chicken from several states

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The chicken was distributed to institutional customers in Tennessee, California, Florida, Indiana, Kansas, Nevada, New Jersey, Ohio and Wisconsin. So far seven people have been affected by Salmonella bacteria, with two of them requiring hospitalization.
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US pharmaceutical spending slightly down from 2012 levels

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Expenditure on pharmaceuticals in 2013 is predicted to register a minor decline of 0.5% dipping to $341.2 billion from $343 billion in 2012.
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US scientists develop quick method to convert algae into crude

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The technology developed by the Department of Energy's Pacific Northwest National Laboratory produces crude at a fraction of the cost of other methods and efficiently makes use of all byproducts.
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US organic food market to see rapid growth

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The United States is already the world's largest organic food market and it is predicted to expand quite dramatically over the next few years.
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Total to invest $21 million in UK shale gas exploration

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French oil and gas company Total will obtain a 40% interest in two shale gas exploration licenses in Lincolnshire, under an agreement with British energy firm IGas Energy.
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ITT Corp. to receive compensation after patent infringement settlement

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The settlement follows a lawsuit that ITT and Goulds Pumps launched in 2012 in federal court against Wisconsin-based Summit.
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ExxonMobil launches new capacity at Singapore chemical plant

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U.S. energy company ExxonMobil has announced the opening of its expanded chemical plant in Singapore that will be able to process crude oil, as well as other commodities.
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