Newsreel: State unemployment stable; Gates Foundation CEO named; generic Viagra out soon
CONCORD — New Hampshire’s unemployment rate did not change from last month but is showing significant improvement from last year.The preliminary seasonally adjusted unemployment rate for November was 5.1 percent, unchanged from the October rate, according to N.H. Employment Security.The seasonally adjusted rate for the same month last year was 5.7 percent.
The number of unemployed residents was 37,620, or 4,550 fewer unemployed than in November 2012.
Nationally, the seasonally adjusted unemployment rate for November was 7 percent, down from 7.8 in the same month last year.
NEW YORK — Honeywell International, the manufacturer whose products range from aviation controls to solvents, forecast a profit for 2014 whose low end trailed analysts’ estimates.Sales next year will rise 4 percent to 5 percent, to as much as $40.7 billion, the Morris Township, N.J.- based company said in a statement. Earnings per share are expected to rise to a range of $5.35 to $5.55. Analysts project an average of $5.55.Honeywell, which has operations in Manchester, N.H., said it’s bracing for continued budget declines at the U.S. Department of Defense, where it gets about 8 percent of revenue, as it expects the economic environment next year “to be similar to 2013.” Still, by keeping costs in check, chief executive officer Dave Cote said he expects “strong margin expansion” and “double-digit earnings growth” next year.
SEATTLE — The Bill & Melinda Gates Foundation said Tuesday its new chief executive would be Susan Desmond-Hellmann, an oncologist and public health expert who is currently the chancellor of the University of California, San Francisco (UCSF).
The world’s largest private philanthropy organization, with a $40 billion endowment, aims to tackle disease and poverty in the developing world and improve education in the United States.
Teva can enter the market on Dec. 11, 2017, and will pay patent royalties through the expiration of the Viagra patent in April 2020, New York-based Pfizer said in a statement. Other terms weren’t disclosed.
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