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Australia to advance in shale energy development

January 16, 2014
The U.S. shale energy revolution has led to a wave of shale exploration across the world, as governments are looking for ways to gain energy independence and cheap feedstock for a number of industries.
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Novo Nordisk locked in legal battle over generic drug

January 16, 2014
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

January 15, 2014
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

January 15, 2014
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

January 15, 2014
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

January 15, 2014
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

January 14, 2014
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

January 14, 2014
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

January 14, 2014
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

January 14, 2014
The settlement follows a lawsuit that ITT and Goulds Pumps launched in 2012 in federal court against Wisconsin-based Summit.
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