Cisco Faces Federal Suit and 3 Dow Movers Changing Hands Today
Alcoa (NYSE:AA): Current price $8.92
Oil firms, chemical manufacturers, and Alcoa, along with a several other manufacturing companies, are conducting a campaign against permitting unlimited exports of natural gas, says The Hill. The group is attempting to convince the Energy Department to pay no attention to a recent evaluation that said the economy of the United States would be aided by natural gas exports.
Merck & Co (NYSE:MRK): Current price $43.28
Merck is taking actions to suspend the availability of Trepadtive tablets on a global basis. Trepadtive has not been approved for use in the United States. The firm is engaged in this move based on the current understanding of the preliminary data from the HPS2-THRIVE study and also in consultation with regulatory authorities. As previously reported, HPS2-THRIVE did not meet its primary endpoint of reduction of major vascular events and there was a statistically significant rise in the incidence of some types of non-fatal serious adverse events in the group that received Trepadtive compared to statin therapy. The decision to suspend availability of the medicine is linked with the recommendation of the European Medicine Agency’s Pharmacovigilance Risk Assessment Committee based on the trial’s results.
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Cisco Systems (NASDAQ:CSCO): Current price $20.46
East Carolina University has brought a lawsuit in federal court against Cisco Systems requesting injunctive relief and damages for the unauthorized use of ECU’s federally registered trademark “Tomorrow Starts Here.”
Microsoft Corporation (NASDAQ:MSFT): Current price $26.67
Sina Cooporation (NASDAQ:SINA) is in discussions with Microsoft to enable users to link their Weibo microblogging accounts to Windows 8’s “People” application, says Marbridge Daily. Also, Weibo could be integrated into Windows 8 in the future. The social networking site Renren (NYSE:RENN) has been in talks with Microsoft as well in regards to linking accounts with the “People” application.
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