The next chief executive of Eli Lilly and Co said his scientific training and experience as a chemist would help the drugmaker develop new medicines and maintain its research prowess.
Carlsberg A/S and Heineken NV must make a formal offer for Scottish & Newcastle Plc, Britain's largest brewer, by January 21, the UK merger regulator said.
With Americans cutting the cord to their land lines, 2007 is likely to be the first calendar year in which US households spend more on cell phone services, industry and government officials say.
Loews Corp said on Monday that it planned to spin off its Lorillard Inc cigarette unit, whose brands include Newport, Kent and Maverick.
Posh Spice's shopping trip to a Marks & Spencer Group Plc store may help the United Kingdom's largest clothing retailer outperform British discount chains.
The smell of flowers is displacing the aroma of coffee as a driving force in the Ethiopian economy.
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