Warner Chilcott

Warner Chilcott

Drug maker Warner Chilcott PLC (WCRX) will exploit its own low tax rates and gain a foothold in Europe with its planned purchase of Procter & Gamble Co.'s ( PG) pharmaceutical unit. Ireland-based Warner Chilcott, which makes birth-control pills, agreed Monday to buy the P&G prescription-drug business for $3.1 billion, gaining access to P& G drugs Actonel for osteoporosis and colitis treatment Asacol. Shares of Warner Chilcott jumped $3.86, or 24%, to $19.92 Monday morning.

The deal will triple Warner Chilcott's size and increase its share of the so- called specialty-pharmaceutical market, in which companies focus on drugs for smaller disease areas than those targeted by large-cap pharmaceutical companies. P&G's pharmaceutical unit had about $2.3 billion in sales for the 12 moths ended June 30, compared with just under $1 billion in 2008 sales for Warner Chilcott. The deal "helps to diversify and strengthen Warner-Chilcott's portfolio," Jefferies analyst David Windley wrote in a research note.

Also, moving the P&G drugs to Warner Chilcott will make them more profitable because Warner Chilcott has a more favorable tax structure. Warner Chilcott has major operations in the U.S. territory of Puerto Rico, and it has a deal with the territory to pay only 2% income tax through 2019. Warner Chilcott has structured its business so that Puerto Rican earnings are a large component of overall earnings. "Obviously there's a tax arbitrage," Chief Financial Officer Paul Herendeen told analysts on a conference call. He also expects the deal to help the company generate substantial cash flow over the next five years.

Jasmine Fiore Death Photo

Jasmine Fiore Death Photo

The top Google Trend at this time is Jasmine Fiore fotos. However, it's not what you might think. Although Fiore was indeed a model, and was indeed enhanced surgically, what people are (sadly) looking for is the Jasmine Fiore death photo. Why? Over the weekend TMZ posted a picture of Fiore's dead body they had obtained from video, extremely grainy, but still in absolutely poor taste. The Jasmine Fiore death photo (or foto) caused a huge protest at the site, and it was taken down.

That's not to say, however, you can't find the Jasmine Fiore death photo (or foto) if you look hard enough. The incident also raises the question, of where the line is. This is very similar to when David Carradine's death photo was leaked to a tabloid, in Thailand, I believe. Where is ethics nowadays? The answer, unfortunately, is that much as with anything else, ethics goes out the window where money is concerned. Obviously a Jasmine Fiore death photo would be big news, and big money to TMZ. Sure, they took it down, but the publicity is worth a lot, even negative publicity.

So where should tabloids draw the line? Common sense should play into it, or how about thinking, "would you want your daughter or whatever shown in such a way." Still, the fact that both "Jasmine Fiore death photo" and "Jasmine Fiore fotos" are tops in Google Trends, shows that the audience is much better than TMZ, in this regard.

Heidi Montag Miss Universe Video

Heidi Montag Miss Universe Video

Heidi Montag Miss Universe Video I'm pretty sure Heidi Montag said she wasn't going to lip-sync at the Miss Universe competition, but I not sure how she could even sing her new single "Body Language," there is nothing really to sing. It is like a cross between the Beverly Hills Cop theme and Rockwell’s “Somebody’s Watching Me” (I stole the "Rockwell" comment from EW.com, but they nailed it with that reference). It's just one of those songs that is all auto-tuner, backups, and studio tricks. Think photoshop, airbrushing and "star wipe" but for music (I swear there is a star wipe in that song somewhere). Plus TMZ said that production staffers did not want her to sing, because they were afraid she would not remember the words.

The only way I can describe the dancing is, it was like watching one of those Van Halen videos, where David Lee Roth, made the rest of the band do those choreographed routines. Or like Reese Witherspoon's dance number at the end of Vanity Fair, where she just stood there while people danced around her. You know Heidi's backup dancers were rolling their eyes at that bitch the entire "performance."

The saddest thing about the whole mess is that I actually think I'm starting to like the song "Body Language." I'm afraid it may creep onto my Ipod some drunken night. I know it would be like listening to a dollar store Britney Spears, but sometimes I liked the dollar store toys I got as a kid. I was quite fond of a few of them to be honest... Anywhoo watch the video of Montag below, and let us know your thoughts.