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It has cut off the supply of insulin to Greece over a government order that all medicine prices be slashed 25 percent says Danish drug maker Novo Nordisk.

A spokesman for the company told the BBC that Novo Nordisk, the world's leading supplier of the diabetes drug insulin, is pulling the drug from the Greek market because the mandated price cut would force the company's Greek division to operate at a loss. It also worried other countries could look to Greece's example when setting drug prices, the company said.

It has been reported that a U. S. bankruptcy judge has given Tribune Co. more time to put together key pieces of its Chapter 11 restructuring plan.

The Chicago Tribune has reported that Judge Kevin J. Carey Friday granted Tribune additional time after the media giant said it had resolved most issues but needed to deal with objections from Wells Fargo, the agent for holders of a $1.6 billion unsecured bridge loan.

Documents would be due after Memorial Day and he would try to approve them later in the week, Carey said.

According to the official reports, five banks in three states were shut down by federal and state regulators Friday, bringing the number of U. S. bank failures to 78 this year.

The Wall Street Journal has reported that regulators closed banks in Florida, California and Nevada. Those states have had a concentration of troubled institutions, with 13 of the closures so far this year in Florida, six in California and two in Nevada.

Its coming smartphones will be heavily promoted by Verizon Wireless under a deal with the largest U. S. cellular carrier, Motorola Inc. has said.

The Wall Street Journal has reported that's seen as a major boost for Motorola, which has struggled to stage a rebound in its handset business.

It has been reported that Motorola co-Chief Executive Sanjay Jha is looking to phones powered by Google Inc.'s Android software and sold by Verizon, including the Motorola Droid.

Officials have informed that Pakistan and Iran signed an agreement to supply Iranian gas to Pakistan through a $7.5 billion pipeline to be completed in 2014.

The Dawn newspaper has reported that under the 25-year supply agreement, Pakistan will import 750 million cubic feet a day with a provision to increase that to 1 billion cubic feet a day.

Experts have said that a string of suicides at a Chinese plant making iPads for Apple highlights the need for the country to examine its economic development ambitions.

Xinhua has reported that an employee of Foxconn attempted suicide on Thursday by slitting his wrists, but survived after medical treatment.