The FDA staff memo was released ahead of an advisory panelmeeting scheduled for Tuesday where outside experts willreview the safety

The FDA staff memo was released ahead of an advisory panelmeeting, scheduled for Tuesday, where outside experts willreview the safety of various drugs for children. Depakote was once a blockbuster for Abbott but salesdropped sharply after generic competitors became available.First-quarter sales for the drug were $110 million. “For many women, Depakote may be the only effectivemedicine to control their seizures” and doctors and patientsshould evaluate the drug’s risks versus its benefits, Powerssaid. At the same time webelieve that SanJiang will facilitate our ability to get all relatedlogistics in place and to obtain further land assets as needed.”ABOUT SANJIANG AGRICULTURE CO LTD.SanJiang Agriculture Co Ltd. We will provide thetechnology, know-how and management of the operation.

Under the Joint Venture,SanJiang will provide the land and factory buildings. Credit Agricole was also told by the antitrust not to take arole in corporate governance at Intesa Sanpaolo but under itsoriginal pact with Generali it did. The two suspended their original agreement until June 30 andare putting together a revised pact which they hope will satisfyantitrust authorities. TOUGH MEASURES? The source said on Friday that if the antitrust authorityreceived a formal request for an extension of the deadline tosell, it was likely to accept but impose restrictions on thestake. The authority granted an extension to Italy’s biggest bank,UniCredit (CRDI.MI) on selling 3.24 percent of Generali lastyear with the condition of suspending voting rights. Intesa Sanpaolo could face a fine of up to 5 billion eurosfrom the antitrust, newspapers have reported, for failing toensure shareholders meet its requirements.

On Friday, Intesa Sanpaolo’s chief executive, CorradoPassera, said its shareholders would find a solution if the bankfaced a fine. “Shareholders will find a solution which won’t createproblems for the bank,” Passera said on the sidelines of aconference in Milan He gave no further details. One analyst suggested Intesa Sanpaolo might try to share thepossible fine with Credit Agricole and Generali. Passera also confirmed the bank would soon take advantage ofgovernment-backed bonds aimed at boosting Italian banks’capital.

Intesa shares were down 3.1 percent at 2.265 euros by 1422GMT while Credit Agricole was broadly flat The DJ Stoxx indexof banks .SX7P was up 0.91 percent (writing by Jo Winterbottom, Editing by Andy Bruce) Italy. CINCINNATI–(Business Wire)–Starbucks Corporation (NASDAQ: SBUX) attracted a slew of put traders onThursday, after the java giant recalled more than half a million coffeegrinders. According to data from WhatsTrading , the equity saw nearly 8,750puts cross the tape yesterday, more than doubling its average single-sessionvolume of roughly 4,000 contracts. Most active was the July 14 put, which saw about 5,700 contracts change handsyesterday. The at-the-money option – which assumes front-month status after theclosing bell today – saw open interest climb from 5,948 to 10,932 overnight,suggesting most of the activity was of the buy-to-open variety.

What’s more, theSBUX July 14 put remains popular today, with nearly 1,800 contracts exchangedwithin the first hour of trading. To continue reading this article, click here: http://’s Investment ResearchAndrea Kramer, Copyright Business Wire 2009. NEW YORK–(Business Wire)–Ambac Financial Group, Inc. (NYSE: ABK) (“Ambac” or the “Company”) todayannounced that it has postponed its efforts to launch Everspan FinancialGuarantee Corp (Everspan). It will, however, continue to focus on its ongoingloss mitigation efforts and other new business initiatives. Ambac had been seeking to launch Everspan in order to write financial guaranteeinsurance in the public finance market as a separate, stand-alone legal entity.To launch the business, it was essential that it receive sufficient financialstrength ratings to enable Everspan to successfully compete in the targetedmarket.