Biotech, cancer, deals Luke Timmerman wrote: The recession will surely kill off some biotech companies that lack hard cash and the hard data that shows their experimental drugs can improve patients’ lives. But after I heard Seattle Genetics CEO Clay Siegall tell the story of how his company ra...

Shed a tear for one of the more wretched victims of the credit crunch, Barclays Bank, which has shockingly reported profits of only £7bn for 2007, down 1% from a year ago. Profits at Barclays fell in the first quarter of the year because of tough market conditions, chief executive John Varley has s...