- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Economy Briefs: Manufacturing shrinks in November to 3-year low
FDA, manufacturers partner on medical device research
The Food and Drug Administration said Monday it will collaborate with medical device manufacturers on a public-private partnership designed to speed up the development of new medical technology.
The agency said it hopes to offer guidance to the Medical Device Innovation Consortium, a new industry-backed group that aims to simplify the design and testing of medical devices.
FDA Commissioner Dr. Margaret Hamburg noted that many medical device companies are small businesses and don’t have the research budgets to find more effective ways of testing their products. She said the new group would pull information and ideas from industry, government and academia.
Small-biz borrowing picked up in October
NEW YORK — Small-business owners borrowed more in October, a sign they might be getting more confident about hiring.
Lending to small companies rose 11 percent from September’s level, according to a survey released Monday by PayNet, which provides credit ratings on small businesses. Small-business lending has been erratic recently, dropping in September after increasing in July and August.
Several reports this week will show whether businesses stepped up their hiring during November. Among them: the Labor Department’s monthly employment report on Friday.
Pfizer laying off some sales representatives
The New York-based Viagra maker isn’t giving details on how many salespeople it employs, how many will leave or when that will happen. Individual salespeople haven’t been notified whether they’ll be furloughed.
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