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Share values of 23 major pharma cos decline by 33% during 2008 (PharmaBiz)
The year 2008 is marked by volatile movements on the stock market with heavy selling pressure by foreign financial institutions and general investors on account of recessionary conditions worldwide.

U.S. authorizes ship war risk cover (Business Insurance)
A little-known U.S. government program offers marine war risk insurance for commercial vessels when private insurance is essentially unavailable.

Living Apart for the Paycheck (The Hendersonville Times-News)
An uncertain economy leaves more families living in different time zones, depending on video chats and technology like Skype for quality time.

Michigan gas prices leap 20 cents (Detroit News)
Less predictable than the weather, the price of gasoline spiked statewide over the weekend to make motorists in Michigan pay more at the pump than any other state except California, Alaska and Hawaii.

Teva Announces Amir Elstein Joins Board of Directors (Business Wire via Yahoo! Finance)
JERUSALEM----Teva Pharmaceutical Industries Ltd. announced today that Amir Elstein has joined the Company’s board of directors, effective January 1, 2009.