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Weak

Chicago Board of Trade › (CBOT:OZB.H12.12300P)

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Today's Financial News

House OKs bipartisan bill halting Medicare doctors' fee cuts, shifting spotlight to Senate

2 hours, 59 minutes ago

WASHINGTON (AP) — In uncommon bipartisan harmony, the House approved a $214 billion bill on Thursday permanently blocking physician Medicare cuts, moving Congress closer to resolving a problem that has plagued it for years. Thursday's House vote came on a package that bore victories for Republicans and Democrats alike and was negotiated by the chamber's two chief antagonists, Speaker John Boehner and Minority Leader Nancy Pelosi. That unity contrasted vividly with the usual partisan duels that hamper most congressional efforts on budget, health and other major policies.

MIT expert: US regulations make it unlikely jetliner pilots can barricade themselves

3 hours ago

CAMBRIDGE, Mass. (AP) — U.S. flight regulations make it unlikely that a single jetliner pilot could barricade himself or herself inside the cockpit like French prosecutors says the Germanwings co-pilot did before crashing his airliner into the French Alps, a Massachusetts Institute of Technology aviation analyst said Thursday.

Onconova Therapeutics posts 4th-quarter loss of $13.4 million

3 hours ago

NEWTOWN, Pa. (AP) _ Onconova Therapeutics Inc. (ONTX) on Thursday reported a loss of $13.4 million in its fourth quarter. The Newtown, Pennsylvania-based company said it had a loss of 62 cents per share. The biotech drug developer posted revenue of $114,000 in the period. For the year, the company reported that its loss narrowed to $63.7 million, or $2.94 per share. Revenue was reported as $800,000.

Cara Therapeutics posts loss of $4.2 million in 4th quarter

3 hours ago

SHELTON, Conn. (AP) _ Cara Therapeutics Inc. (CARA) on Thursday reported a fourth-quarter loss of $4.2 million, after reporting a profit in the same period a year earlier. The Shelton, Connecticut-based company said it had a loss of 18 cents per share. The biotechnology company posted revenue of $914,000 in the period.

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