AT&T (NYSE:T): Current price $34.96
The telecom giant is opening research centers in Atlanta and Plano, Texas, as it endeavors to rid itself of its old image by innovations in areas like home security, inventory tracking and in-car online services. With the opening of the two new sites, AT&T’s total number of innovation centers rises to five, according to a company statement on Tuesday. The Atlanta location will be affiliated with the Georgia Institute of Technology, and will concentrate upon wireless products like the home-security service Digital Life, together with Internet-connected car tech. The Plano center builds on an existing facility in which AT&T has been developing what it says are machine-to-machine services, which include cargo and inventory tracking. Vice President, Innovation, Abhi Ingle said that AT&T and its tech partners, including Cisco Systems, have invested some $100 million trying to jump-start the development of new products.
Merck & Co. (NYSE:MRK): Current price $46.44
Merck’s subsidiary MSD said that it has won an injunction against India’s Aprica Pharmaceuticals, and a source reported that this will block Aprica from launching generic versions of two diabetes drugs in that country. World pharmaceutical companies have experienced a series of patent disputes with Indian makers of generic drugs, with a number of recent rulings going against the international majors. MSD holds a patent in India on sitagliptin, which is a chemical compound sold under the Januvia and Janumet brands used in the treatment of type-2 diabetes.
Proctor & Gamble (NYSE:PG): Current price $76.78
On Tuesday, Little Busy Bodies announced that it has concluded a licensing agreement with Procter & Gamble. Through the terms, Little Busy Bodies, which developed the hugely popular Boogie Wipes, will manufacture and market a line of saline-infused products under the Puffs brand. Available this month is Puffs Fresh Faces, which is a moist saline tissue for adults that has been specifically created for facial needs.
Don’t Miss: Sony Plays Catch-Up in Online Music Streaming.