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Statins Could Cause Legal Headaches

Pfizer insists that Lipitor's safety record "is very well established"

Gerald M. Ward never worried much about his high cholesterol. But when the former Air Force pilot applied for a job at American Airlines Inc. (AMR ) four years ago, he was told he wouldn't be hired until he got the problem under control. So Ward's doctor put him on Pfizer Inc.'s (PFE ) cholesterol-lowering statin Lipitor, the world's best-selling drug, worth $12 billion in 2005. Soon after, Ward claims he suffered a baffling set of symptoms: amnesia, depression, and a condition called peripheral neuropathy that causes pain in his hands and feet. Now he's suing the pharmaceutical giant over Lipitor. "It's not safe," according to Ward, 48: "Pfizer has not warned the public about this." .



International ETFs become giants

NEW YORK — Investor interest in international funds has tempered slightly, but that hasn't altered the picture for international ETFs. Over the past year, these funds have become huge.

Exchange-traded funds, index-based mutual funds which trade on an exchange like a stock, have been raking in cash, and internationally-oriented ETFs have grown even faster than their domestic counterparts _ in some cases winning converts among financial advisers that previously used traditional funds.

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McClatchy Details Cost of Blocked Sale

SAN FRANCISCO (AP) - McClatchy Co. expects to lose about $163,000 per day if a federal judge blocks the publisher's sale of three northern California newspapers to MediaNews Group Inc., which is banking on the deal to give it more regional clout.

Patrick Talamantes, McClatchy's chief financial officer, estimated the company's potential loss in a sworn declaration filed Monday in response to a motion asking U.S. District Judge Susan Illston to prevent MediaNews from taking over the San Jose Mercury News, Contra Costa Times and Monterey Herald.

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