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May 9, 2007

OSC rejects settlement with Melnyk

The Ontario Securities Commission has rejected a proposed settlement with Biovail chairman Eugene Melnyk for alleged violations of stock trading rules.

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US STOCKS-Drug stocks' slide offsets banks

* Merck, Schering-Plough lead pharmaceuticals lower

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Australia's exchange to buy Sydney Futures

The Australian Stock Exchange agreed Monday to buy Australia's biggest futures market for 2.25 billion Australian dollars.

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Washington Group International CEO Establishes Rule 10b5-1 Stock Trading Plan

Washington Group International, Inc. today announced that Stephen G. Hanks, president and chief executive officer, has adopted a pre-arranged stock trading plan in accordance with the company's policies for stock transactions and the guidelines specified by Rule 10b5-1 under the Securities and Exchange Act of 1934.

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