LONDON (AP) — Pharmaceutical company GlaxoSmithKline has reported a 26 percent drop in profits in the first quarter compared to a year ago, as it restructures its manufacturing and research and development divisions.
Its net profit dropped from 1.3 billion pounds ($1.9 billion) to 961 million pounds, while sales eased 2 percent to 6.4 billion pounds.
Chief Executive Andrew Witty says Wednesday that the initial phase of its major change program was "progressing well," and remains "on track" to deliver total annual savings of at least 1 billion pounds by 2016.
Witty says 2013 will be a key year for delivery on research and development, with an upcoming U.S. regulatory decision on the Breo Ellipta inhaler. Breo is a combination of two respiratory drugs which help open lung air passages and reduce swelling.
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More than 100 trees covered in lights now shine bright throughout Zilker Park. The Trail of Lights is open for another season.
A 10-year-old was killed while standing outside of a vehicle which lost control during the icy conditions, DPS said.
Travis County non-profit Center for Child Protection will benefit next March from an all day fundraiser at the Circuit of the Americas that will see plenty of donors racing on the track.
Travis County District Attorney Rosemary Lehmberg heads to court this week as a defendant in a civil trial that could oust her from office.
Santa visited Austin early on Sunday, joining hundreds of motorcyclists for their annual Toy Run.
Late Saturday night into early Sunday morning, a light band of freezing drizzle traversed the I-35 corridor eastward. With sub-freezing temperatures, even the light precipitation created major problems.