Apple Inc Cheers Investors at New $547 Stock Price Milestone as DJIA and S&P Set New Highs

Apple Inc. (NASDAQ:AAPL): In China, Apple, fighting for ownership of the iPad trademark, told the Higher People’s Court of Guangdong in southern China that allowing Proview International Holdings to make products with the brand would hurt consumers, reports Bloomberg.¬†An upcoming MacBook Pro, expected to be thinner and lighter, along with the forthcoming Air models are expected to create added pressure on ultrabooks, according to upstream supply chains and reported in Digitimes. The shares closed at $542.44, up $7.03 or 1.31% on the day. They have traded in a 52-week range of $310.50 to $535.41.

Abbott Laboratories (NYSE:ABT): The Belgian drug company Galapagos signed a deal that’s valued at up to $1.35B with Abbott Laboratories (NYSE:ABT) for the development and production of an oral drug to treat arthritis and other auto-immune diseases, reports Reuters. The shares closed at $56.61, down $0.43 or 0.75% on the day. They have traded in a 52-week range of $46.29 to $57.13.

Akorn (NASDAQ:AKRX): Akorn announced that its wholly owned subsidiary, Akorn India Private Ltd, or AIPL, has completed and closed the previously announced acquisition of certain assets of Kilitch Drugs India Ltd, or KDIL, a leading contract manufacturer of sterile injectables in India, as well as certain assets of NBZ Pharma Ltd. The shares closed at $12.53, down $0.32 or 2.49% on the day. They have traded in a 52-week range of $4.97 to $12.91.

British American (AMEX:BTI): A U.S. judge ruled that a new regulation requiring large graphic health warnings for cigarette labels and ads violates free-speech rights, in a decision that favors the tobacco companies, reported Reuters. The shares closed at $101.28, up $0.34 or 0.34% on the day. They have traded in a 52-week range of $73.48 to $101.31.

Carter’s (NYSE:CRI): Reported Q4 OshKosh B’gosh retail segment sales up 11.9% to $89.3M. The shares closed at $48.57, up $4.88 or 11.17% on the day. They have traded in a 52-week range of $26.50 to $44.60.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com