Smithville, Mo. -- A long-established family business in a small Missouri town is in trouble with state officials over its name.
The Justus Drugstore has been on Main Street since 1914. But a year ago its latest family owner converted it into an acclaim-winning restaurant with the same name. That isn't sitting well with the State Board of Pharmacy, which is demanding he remove the word "drugstore" because there is no pharmacist on duty, KCTV, Kansas City, reported Thursday.
"We lose our name, we lose all of that name recognition. We lose everything we've worked for and we lose our family history," Jonathan Justus said.
Officials from the Board of Pharmacy have reportedly said that further legal action will be taken if Justus Drugstore doesn't change its name by July 10.
Lehman Brothers (NYSE: LEH) took two steps forward yesterday, but I wonder whether it's also taking one step back. On Tuesday, the firm announced four senior-level appointments in the second round of a management shakeup which began with the reassignments of CFO Erin Callan and COO Joseph Gregory. The two most prominent appointments in its latest upheaval: Michael Gelband and Alex Kirk at the head of Capital Markets and Principal Investing, respectively.
Despite all the commotion at the FDA, some compounds in select therapeutic categories still have a fair chance of reaching the market. On Tuesday, GlaxoSmithKline (NYSE: GSK) received marketing approval for a combination children's vaccine.
The Motley Fool's CAPS investing service is a great way for investors to work together to beat the market -- and maybe get famous while they're at it. Among its features, CAPS lets users blog about their picks, investing strategy, market view, yesterday's lunch, or whatever floats their boat.
Miami -- The Miami-Dade Health Department told swimmers to stay out of the water at 12 Miami-area beaches this week because of high levels of bacteria.
Health officials said water samples are analyzed weekly for fecal coliform and enterococci that normally inhabit the intestinal tract of humans and animals and may cause human disease, infections or illness.
Fecal pollution may come from storm water run-off, wildlife, pets and human sewage, the agency said Wednesday in a release.
Two consecutive samples taken at each of the 12 beaches exceeded the state's recommended standard for fecal coliform of 400 colony-forming units per 100 ml of marine water.
The no-swim advisories were issued at Golden Beach, Sunny Isles Beach Pier Park, Oleta Park-Swimming Area, Haulover Beach Park, 93rd Street in Surfside, 74th Street Beach, 53rd Street Beach, 21st Street Beach, South Pointe Park, Hobie/Dog Beach, Crandon Park Beach and Matheson Hammock.
You've probably heard of the "January Effect," the phenomenon that seemingly causes stocks, particularly small caps, to surge in the first month of the year. In theory, investors and institutions sell securities in December for tax-harvesting reasons, then buy them back the following month, causing them to jump in price.
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