Archive: 01/08/2013

Sanofi warns on '13 profit as Q2 earns slump (Update)

Competition from generic drugs continued to hammer French pharmaceutical group Sanofi in the second quarter, the company said Thursday, warning that its full-year earnings could be twice as bad as previous guidance.

Australia bumps up tobacco tax

Australia will hike tobacco taxes by 12.5 percent per year over the next four years to boost its coffers and build on its plain packaging campaign against smoking, the government said Thursday.

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