Group wants heart attack warning on testosterone PDF  | Print |  E-mail
Written by MATTHEW PERRONE, AP Health Writer   
Tuesday, 25 February 2014 07:26

WASHINGTON (AP) — A consumer advocacy group is calling on the Food and Drug Administration to add a bold warning label to popular testosterone drugs for men in light of growing evidence that the hormone treatments can increase the risk of heart attack.

The group Public Citizen says the agency should immediately add a "black box" warning — the most serious type — to all testosterone medications and require manufacturers to warn physicians about a higher risk of heart attack, stroke and death with the treatments.

The FDA announced last month that it was reviewing the safety of drugs like the blockbuster testosterone gel, AndroGel, in light of two recent studies that showed higher rates of cardiovascular problems in men. The agency said its review was first prompted by a U.S. Veterans Affairs study published in November 2013 that showed a 30 percent increase in stroke, heart attack and death among older men taking testosterone.

In January, a federally funded study of 45,000 men suggested testosterone therapy could double the risk of heart attacks in men 65 and older.

But Public Citizen says studies published as early as 2010 should have prompted FDA action.

Awrey's Bakery back from the brink PDF  | Print |  E-mail
Written by JC REINDL, Detroit Free Press   
Tuesday, 25 February 2014 07:20
This is an AP Member Exchange shared by the Detroit Free Press.

LIVONIA, Mich. (AP) — It was a year ago that Awrey's Bakery — one of the few remaining iconic Detroit-area brands — avoided permanent closure in a down-to-the-wire purchase deal.

The new buyers, Michigan residents Ron Beebe and James McColgan, bought the Livonia bakery from a pair of out-of-state private equity firms just hours before its equipment was to be sold at liquidation auction. The 200-some Awrey's employees were already out the door. In their place were auctioneers.

"I physically had to go down and stop them from taking things apart because they didn't think the deal was going to go through," McColgan, now the company's CEO, told the Detroit Free Press ( ).

Today, the 104-year-old Awrey's brand is back in the pastries and cake business as it jockeys for shelf space and a sustainable business model.

Home Depot 4Q mixed, boosts quarterly dividend PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 25 February 2014 07:24

ATLANTA (AP) — Home Depot's fiscal fourth-quarter net income dipped 1 percent, hampered by bad winter weather and one less week in the period.

Still, its earnings topped Wall Street's view, and the No. 1 home improvement-retailer raised its quarterly dividend by 21 percent. It provided a fiscal 2014 earnings forecast below analysts' expectations.

Home Depot Inc. earned $1.01 billion, or 73 cents per share, for the three months ended Feb. 2. That compares with $1.02 billion, or 68 cents per share, a year earlier.

There were fewer shares outstanding in the current quarter.

Analysts expected earnings of 71 cents per share.

Revenue for the Atlanta company fell 3 percent to $17.7 million from $18.25 billion, hurt by one less week in the latest quarter.

Wall Street predicted revenue of $17.92 billion.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Late-payment rate on U.S. auto loans rose in 4Q PDF  | Print |  E-mail
Written by ALEX VEIGA, AP Business Writer   
Tuesday, 25 February 2014 07:14

LOS ANGELES (AP) — U.S. car owners are carrying higher auto loan balances but still making timely monthly payments.

Auto loan debt per borrower grew 4.4 percent to $16,769 in the final quarter of 2013 from a year earlier — the 11th consecutive quarter to post an annual increase, according to data released Tuesday by credit reporting agency TransUnion.

Even so, the U.S. auto loan delinquency rate ended the last three months of last year at 1.14 percent, below the 1.3 percent average quarterly late-payment rate for every October-December quarter going back to 2007, the firm said.

The trend suggests borrowers with auto loans continue to keep up with payments, even as auto loan debt per borrower has grown steadily. It's up 12 percent since the first quarter of 2011.

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