Friday, 20 July 2007

Canadian Stocks Fall, Led by Biovail, as Drug Rejected; Energy Stocks Slip

(Bloomberg) -- Canada's main stock index fell from a
record, led by Biovail Corp., after regulators rejected the
drugmaker's application for approval of an antidepressant and U.S.
companies reported profits below analysts' estimates.

Google Inc., the Internet search engine owner, posted profit
excluding some items of $3.56 a share, a penny short of analyst
estimates in a Bloomberg survey. Caterpillar Inc., the world's
largest maker of earthmoving machines, said earnings dropped
because of falling demand for truck engines.


Read more at Bloomberg Stocks News

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