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Financial News Network
August 26, 2011 AT 5:25 AM
This is what's in the news for Thursday, August 25th. The Wall Street Journal reports that Federal Reserve Chairman Bernanke is not likely to use his speech tomorrow at the Fed's annual Jackson Hole, WY, conclave to unveil new efforts to bolster the U.S. economy. The Guardian reports that Spain's government passed a law that will force doctors and pharmacies to prescribe generic drugs rather than more expensive brand names sold by pharmaceutical companies. Reuters reports that Harmony Gold (NYSE:HMY) CEO Graham Briggs said the company may be undervalued but was not vulnerable to a take-over bid. Bloomberg reports that Delta Air (NYSE:DAL) deferred an order of 100 small narrow-body jets until next year, putting off talks with Embraer (NYSE:ERJ) and others as it prepares to buy 100 Boeing (NYSE:BA) 737s. the Wall Street Journal reports that the FCC asked AT&T (NYSE:T) to provide more information on its proposed acquisition of Deutsche Telekom's (PINK:DTEGY) T-Mobile and how it will expand the LTE network across the country.