Imclone

Pharmaceutical giant Eli Lilly -- maker of Prozac and Cialis -- is expected to post solid fourth-quarter profits on Thursday after a recent restructuring. But the results will likely be lower than the year-ago quarter.

I like what the Securities & Exchange Commission is doing this days. It cracked down on insider trading at Galleon Holdings, the former $3.7 billion hedge fund whose boss, Raj Rajaratnam, is out on $100 million bail. But the SEC hasn't stopped there: Yesterday it announced an indictment against...