Bristol-myers Squibb Co (BMY) Financial News - Fed Dissenters, Euro Tax, Zynga, Apple, Melanoma: Compliance
Bristol-myers Squibb Co (BMY)
Fed Dissenters, Euro Tax, Zynga, Apple, Melanoma: Compliance
2011-08-18 08:12:04Quote: deathsBristol-Myers Squibb Co. (BMY)â€™s Yervoy, cleared in March as the first treatment proven to extend lives of advanced melanoma patients. Jack ScannellLondonNew York, may earn $1.5 billion from Yervoy in 2015, according to the average estimate of three analysts surveyed by Bloomberg. Whiskey, Wine Fraud on Americans Brings 5-Year Term for Briton A British man who defrauded American and Canadian investors of about 30 million pounds ($49 million) through investment schemes tied to wine, whiskey, cognac and champagne was sentenced to 5 years in prison. Serious Fraud Office, which prosecuted the case, said in a statement yesterday. Gunterâ€™s U.K.-based company called the Hallmark Partnership, and later Vintage Hallmark Plc, operated like a Ponzi scheme, prosecutors said. Gunter promised investors high rates of return over short periods of time, including a 50 percent return over 10 months for a champagne investment, and a 110 percent return over three months from whiskey investments. Gunterâ€™s 5-year sentence was handed down in June and couldnâ€™t be made public until yesterday because of reporting restrictions related to Gunterâ€™s co-defendant Robin Groveâ€™s trial. Gunter had previously been found guilty for his involvement in a similar wine investment scheme in 2008. He was sentenced to 4 1/2 years in prison for that fraud. He is to serve the terms concurrently. DLF Fined 6.3 Billion Rupees by Indiaâ€™s Antitrust Agency DLF Ltd. (DLFU) 6.3 billion rupees ($139 million) for â€œabuse of dominanceâ€ related to the sale of apartments. DLF, Indiaâ€™s largest developer, has received the regulatorâ€™s order and will examine all options including an appeal to the Competition Appellate Tribunal, the New Delhi- based company said in a statement yesterday. The Belaire Ownersâ€™ Association, representing buyers at the Belaire housing complex in DLF City in Gurgaon, had complained tha...
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