glaxo officials insisted their product is safe. dr. murray stewart vice president for drug research and development. >> overall, when used appropriately, rosiglitazone has a positive benefit/risk profile and should remain a treatment for type 2 diabetes. >> reporter: this isn't the first time the safety of avandia -- also known as rosiglitazone-- has been called into question. in 2007, an analysis from a cleveland clinic cardiologist showed avandia patients had 43% increase in the risk of heart attacks, and a 64% increase in the risk of death from cardiovascular causes. despite that finding and other studies, an f.d.a. advisory panel voted that same year to keep avandia on the market, with the recommendation a stronger warning be added to the drug's label. the senate finance committee began investigating avandia three years ago. and yesterday, it released internal glaxo documents showing the drug giant hid a 1999 study that revealed avandia's heart risks. a company executive wrote in an email message dated march 29, 2001. "these data s

the "wall street journal" reports glaxo has expressed interest in genzyme. of the three, johnson & johnson has the most cash on its balance sheet, about $18 billion. those better-than-expected new homes in june helped support buying of home building stocks as measured by the homebuilder exchange traded fund, the group is at new five-week high. today's volume was slightly below average. pulte group led the way, pulte reports earnings a week from wednesday. k.b. home saw twice its usual volume on today's rally. a move over $16 per share for lennar would break it out of the range its been in for two months. the home builders need to get their supplies someplace. home depot was among the top four best-performing dow components, rallying more than 2.5%. and competitor lowe's saw a bigger move, up 3.25%. quarterly earnings for both lowes and home depot will be in two and a half weeks, on the same day, august 16. you've heard the talk around b.p., but its partner in the well that had been leaking, anadarko petroleum, announced a new offshore discovery today. this o

markets a turn negative in morning trade in the euro glaxo smith kline pulling all reports interested in buying biotechnology genzyme pharmacies and geology is the top loser on the footsie down almost two percent. and the finance ministry is planning russia's biggest asset sale since the early ninety's the government aims to raise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are for grabs including russia's largest oil producer roles know how it generates hydro and top lenders and bad loans the government could keep fifty percent plus one share of these harshly listed companies it may delay just sell stakes in a list of companies like russia is a rare look for a to. call maker after his hiring again as demand is pre-crisis levels russia's ministry of industry and trade expects the country's coal market to grow by fifteen percent this year but much of that is due to the cash for clunkers stimulus program . to the person who wants to buy simplest car and extend the moves to this program then so be it don't forget that we're sti

through two world six second quarter results in europe markets have turned negative in early trading glaxosmith kline's pulling all reports is interested in buying biotechnology for genzyme the pharmaceutical giant is the top loser on the footsie down almost two percent. now in other news the european bank of reconstruction development is in talks about a ten percent stake in the russian r.t.s. stock market is buying a stake from kit finance the bank which was an early victim of the financial crisis e.b. r.d. plans to make the purchase with an undisclosed russian state bank the stakes estimated to be worth eighty million dollars if the ologies says it aims to improve standards in russia's stock market the finance ministry is planning russia's and biggest asset sales since the early ninety's the government aims to raise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are up for grabs including russia's largest oil producer ross enough to power generators hydro and top lenders spare bank the government could keep fifty percent plus one

there was news today the drug maker glaxo smith kline knew 11 years ago that its diabetes drug avandia could cause serious heart problems. "the new york times" reported that the company spent all that time hiding important data about the drug from the public and the food and drug administration. separately today, a panel of f.d.a. advisers began meeting to consider whether to pull avandia from the market or restrict its sale. a recommendation is expected tomorrow. the longtime owner of major league baseball's new york yankees, george steinbrenner, died today in florida. newshour correspondent kwame holman has more. >> holman: he was known simply as "the boss." >> start of spring training! >> holman: george steinbrenner owned baseball's iconic team, the new york yankees, and was himself an icon who dominated the sport. >> when you put the pinstripes on, you're not just putting a baseball uniform on; you're wearing tradition and you're wearing pride. and you're going to wear it the right way. >> holman: in 1973, with the storied franchise at a low ebb, he bought the team for $10 million.