Month: December 2013

GlaxoSmithKline is to invest another 200 million pounds ($330 million) on advanced manufacturing in Britain, the company said on Wednesday, underlining the draw of a tax break designed to encourage research and development. Britain's so-called "patent box" scheme, which offers a reduced rate of corporation tax on income derived from patents, has been hailed by GSK, its biggest drugmaker, for transforming the country as a place to invest. Last year GSK announced it was building its first new factory in Britain for 40 years as a result of the scheme.

A new budget deal that will be debated by the U.S. Congress in the coming days would trim some military spending as well as outlays for federal workers’ retirement programs, Senate Budget Committee chief Patty Murray said on Tuesday. Murray also said that congressional leaders are discussing the possibility of extending some expiring federal benefits for the long-term unemployed but that such legislation will not be included in the two-year budget deal.

By Valerie Volcovici WASHINGTON (Reuters) – The U.S. environmental regulator argued in court on Tuesday that its rule limiting mercury and hazardous air pollutants is "appropriate and necessary," not an improper interpretation of the federal Clean Air Act as industry groups and some states contend. The U.S. Court of Appeals for the District of Columbia Circuit, the second most powerful court in the country behind the Supreme Court, heard two cases challenging the Environmental Protection Agency's first rules to crack down on mercury from the country's fleet of electric generating units. The EPA's Mercury and Air Toxics Standard (MATS) applies to 1,400 of the country's largest power plants and would come into force in 2015, or in some cases, 2016. The EPA has said that MATS could prevent up to 11,000 premature deaths, and generate $90 billion in health benefits, each year.

By Sharon Bernstein SACRAMENTO, California (Reuters) – The number of California voters who would support a ballot initiative legalizing recreational marijuana has tipped higher since Colorado and Washington State adopted such measures last year, a new poll shows. About 55 percent of voters surveyed by the Field Research Corp. said they support the legalization of marijuana for recreational use by adults, and about the same percentage said they would vote for a proposed ballot initiative that aims to do that. That number was up slightly from results of a Field poll in February that showed support by 54 percent support of the California electorate, the first time a clear majority of expressed approval for legalized recreational pot.

Everybody's doing CrossFit these days, from babies to pregnant moms to 73 year olds. And, of course, some very intense and extreme cats. What a bro. Anyone up for some bouldering? Contemplating his next swing, no doubt. We'd need a nap after all those double unders, too! Just studying up on good form. You should see her clean and jerk. Women's Olympic lifting's biggest fan. Totally beasted that WOD. Someone's not in the mood to workout… #catslife #lazysaturday #crossfitcat pic.twitter. …

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