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Merck Results Hurt by Vioxx Loss

NEW YORK – Merck & Co. (MRK) on Thursday reported a drop in second-quarter profit, hurt by a tax charge and the withdrawal last year of its Vioxx (search) arthritis drug. Total sales fell 9 percent to $5.5 billion, primarily due to the loss of Vioxx revenue, which at one …

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De Beers Profit Declines in 1st Half

JOHANNESBURG, South Africa – De Beers S.A. (search) , the world’s biggest diamond producer, said Monday its profit fell by 0.6 percent in the first half of the year because of a weaker dollar and fewer sales of stockpiled gems. However, De Beers said the market for rough diamonds remains …

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Kevin James and Wife Welcome Baby Girl

LOS ANGELES – It’s a girl for “Hitch” (search) star Kevin James (search). James’ wife, Steffiana, gave birth to the couple’s first child, Sienna-Marie, on Friday, the actor-comedian’s publicist, Jennifer Allen, said in a statement Tuesday. The couple were married in June 2004. James, 40, played a bumbling suitor in …

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