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Demonic turns of memory
I always suspected that the city was a falsification. But it was only on a foggy afternoon in early spring, when the air smells of atarch, that I discovered the nature of the fraud. We are living inside a cupboard, in the lowest depths of oblivion, among broken poles and shut boxes...” <P align="right> — Zbigniew Herbert, The Collected Poems http://smallpersonalloans.org.uk

Advocates call for Dinakaran transfer
The Advocates Association of Bangalore today demanded the transfer of Karnataka High Court chief justice P D Dinakaran who faces an impeachment motion for alleged disproportionate assets and land-grabbing.

News of the day

TTML surges on record subscriber addition
The stock surged further to a high of Rs 37 - up 7%. The stock, however, slipped from the high and ended with a gain of 5% at Rs 36.30. Over 7.46 million shares changed hands at the counter today, comparatively higher than the two-week daily average trade of 1.56 million.
Public Relations

Boston Scientific reaches $1.73 bn patent settlement with J&J

US medical devices maker Boston Scientific Corp today said it will pay $1.73 billion to settle three patent disputes with healthcare firm Johnson & Johnson (J&J). - Most profitable CEOs get smallest gains in S&P 500 - Rising tide - Big Pharma cures for ailing heritage - Vivimed Labs in Rs 130-cr expansion - J&J Medical to launch insulin pumps in India by year-end - Foresight plans 25 outlets in 3 yrs The disputes, which date back to 2003, are related to the intellectual property rights in the cardiovascular area. The firm would pay $1.725 billion to J&J in connection with the settlement, the Boston Scientific Corp said today in a statement. As part of the settlement, the American company would pay $1 billion immediately while the balance would be paid on or before the first week of January 2011. "In the past year, we have significantly reduced the volume of outstanding litigation, having now settled 17 law suits with J&J, as well as disputes with other competitors and the government," the company President and Chief Executive Officer Ray Elliott said. "...While we still have a number of litigation matters remaining, this recent settlement has materially reduced our financial risks going forward," Elliott noted.


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