COVER-UP? : New York's Medicaid program has paid US$21 million for Vytorin in the past two years instead of buying a generic version that might be at least comparable
Merck & Co and Schering-Plough Corp will cooperate in the probe of Vytorin by New York Attorney General Andrew Cuomo, who wants to know if the pharmaceutical companies hid research on the cholesterol-lowering drug.

[ FULL STORY ]

ONLINE SALES: Record companies' revenue from digital music sales rose 40 percent to US$2.9 billion in the past year, but the growth has not covered losses in CD sales
The death of the CD is not nigh, despite the rapidly growing popularity of online digital music, the chief executive officer of Universal Music's parent company, Vivendi SA said on Saturday.

[ FULL STORY ]

'BONE-CHILLING': The head of China's biggest cellphone company told delegates the firm gave personal data to Chinese officials when demanded
Serious concerns were raised in Davos last week about the ability of the Chinese government to spy on the country's 500 million mobile phone users.

[ FULL STORY ]

Hit by the US' mortgage crisis, Cleveland, Ohio, has launched a legal battle against major Wall Street banks it blames for the devastation of its housing market.

[ FULL STORY ]

■ TRADE

[ FULL STORY ]