Mylan Laboratories, the Shekel

Plus, getting into the French art market and dishing up Baywatch.
Publish date:


Federal Trade Commission

will likely move to even the score today on

Mylan Laboratories'

(MYL) - Get Report

alleged generic price-gouging. According to the

Los Angeles Times

, sources expect the FTC to vote Monday to seek monetary damages from Mylan for raising generic drug prices after the company's exclusive agreement with Italian supplier


raised the cost of raw materials to Mylan's competitors.

More good news for the shekel: The

Jerusalem Post

writes that the euro may bring more foreign investment in Israel, since the uniformity of the European bond market will likely turn investors' eyes toward emerging markets. Last week,


began rating shekel-denominated bonds.

Those darned French are at it again. "French authorities are dragging their feet over opening up the country's lucrative art market to international auction houses such as




(BID) - Get Report

," according to the

Times of London

. Gallic law gives 460 French public notaries exclusive auctioning rights in France -- a monopoly the French government had earlier pledged to end.

Caveat Internet emptor. The

Chicago Tribune

writes that "a nefarious element is trying to capitalize on this year's hottest toy by peddling various physically altered


on the Internet." Bogus models, including Elvis Furby, Ross Perot Furby and Bill Gates Furby, are selling for up to $1,000 each.

Finally, an economic statistic that won't depress Canadians. The

Globe and Mail

reports that the "median Canadian family makes about $700 more a year, after taxes, than the comparable American family," according to data from

Statistics Canada


Fine idea or brilliant mistake? Even as consumers begin to tire of theme restaurants, "

investors led by

David Hasselhoff

, chief lifeguard in the hit TV series


, plan to open a chain of restaurants and nightclubs based on beach life," according to the

Electronic Telegraph

. The first


restaurant will open next year in Miami Beach, Fla.