3 Dow 30 Giants Getting Drop Kicked Now
The Dow is down 1.29 percent Friday and currently stands at 13,036. Disappointment with the April jobs report is being blamed.
Walt Disney Co.’s (NYSE:DIS) The Avengers could score $170 million in its opening weekend, says Boxoffice.com, which would constitute the largest such event in North American history. If the prediction comes true, the box office would beat the current record of $169.2 million when Harry Potter and the Deathly Hallows – Part 2 opened last year, says The New York Post.
A Closer Look: Disney Earnings Sneak Peek>>
Microsoft Corporation (NASDAQ:MSFT): Nokia (NYSE:NOK) faces a class action lawsuit brought by shareholder Robert Chmielinski, which alleges that it misled investors by promising that its transition to Microsoft Windows Phone platform would reinvigorate its smartphone sales, according to an AllThingsD report. Further, the claim says that the company made a serious error in its intro of the Lumia 900, shipping it with a glitch that made the phone “essentially free” when offering customers a refund.
Pfizer Inc. (NYSE:PFE) reports that a Phase 3 randomized withdrawal design evaluation, A0081242, for Lyrica in patients with inadequately treated painful diabetic peripheral neuropathy failed to meet its primary efficacy endpoint, change in endpoint mean pain score relative to baseline. The study is a Phase 3b Multicenter, Double-Blind, Randomized Withdrawal Efficacy and Safety Study of Pregabalin in the Treatment of Patients with Inadequately Treated Painful Diabetic Peripheral Neuropathy. The results of this evaluation imply that the most common adverse events in Lyrica-treated patients were peripheral edema, dizziness, somnolence and upper respiratory tract infection, contrasted with those being given a placebo, and that the adverse event profile is consistent with that known for Lyrica.
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