Drug maker recalls Alli after reports of tampering

GlaxoSmithKline is recalling the weight loss drug Alli after receiving reports of unknown pills in the bottles.

The over-the-counter drug comes in a turquoise blue capsule with a dark blue band and the text “60 Orlistat.” However, people in seven states have reported finding tablets and capsules of various shapes and colors in the bottles, the British drug maker said Thursday.

Those states are: New York, Texas, Florida, North Carolina, Louisiana, Alabama and Mississippi.

There are also reports that the tamper-resistant seals on some bottles are not authentic and that some bottles are missing their labels.

Morgan Stanley will pay $490,000 over allegations

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Morgan Stanley Smith Barney will pay a $490,000 penalty to settle the U.S. Commodity Futures Trading Commission’s charges that it violated rules about keeping certain funds separate.

The commission said the business unit erroneously transferred $16 million from a customer’s account last year but fixed the error the next day. It also said that during 2012, the firm commingled customer and firm funds in a customer account, made errors in its daily computation of funds and improperly titled four of the firm’s accounts as customer accounts.

Maine trade center offers grants for mission to U.K.

The Maine International Trade Center is offering grants to Maine companies for travel to England.

The registration deadline is April 7.

A limited number of eligible businesses may receive reimbursements of up to $2,000. Grants will be awarded on a first-come, first-served basis to companies that submit completed registration materials and full payment. No more than one grant per company will be given.

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Companies must be current members of the Maine International Trade Center.

The delegation will depart for Iceland on June 8. After three days, it will travel to England.

For more information, contact Dana Eidsness at eidsness@mitc.com.

Rates on fixed mortgages rise after Yellen’s remarks

Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chairman Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015.

Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan increased to 4.4 percent from 4.32 percent last week. The average for the 15-year mortgage rose to 3.42 percent from 3.32 percent.

– From news service reports


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