Merck to Shell out $23 Million More over Vioxx and 2 Other Dow Movers to Watch

Merck & Co. (NYSE:MRK): Current price $47.85

Merck already had to pay $4.85 billion to settle lawsuits blaming its Vioxx painkiller for heart attacks, and will now cough up another $23 million in hopes of making allegations that it duped consumers into buying the drug go away. Filings in a federal court in Louisiana indicate that Merck agreed to pay a minimum of $50 apiece to consumers who are seeking to unite in a nationwide group lawsuit, for their economic losses connected to Vioxx, such as prescription costs. The consumer group’s attorneys said in a July 17 filing requesting preliminary approval of the accord, “This settlement is a fair, efficient and reasonable resolution of the disputed claims.”

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Wal-Mart Stores Inc. (NYSE:WMT): Current price $77.91

The Central Bureau of Investigation in India said that Wal-Mart violated rules governing foreign investment, in a letter to a member of parliament reviewed by Reuters. The federal police agency revealed that through its analysis, the giant retailer’s investment ran afoul of the guidelines set by Reserve Bank of India, and Foreign Exchange Management Act regulations. The agency did add that violation of FEMA regulations are not under its authority, so it cannot look into the matter. For its part, Wal-Mart has denied the claims, and said Friday that it has cooperated with the government during the inquiry.

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The Boeing Co. (NYSE:BA): Current price $106.77

On Friday, an Atlas 5 rocket was launched from the Cape Canaveral Air Force Station, carrying a sophisticated communications satellite created to provide voice and data services for U.S. military forces on a global basis. The 206-foot rocket, constructed and operated by United Launch Alliance — a partnership between Lockheed Martin and Boeing — took off at 9 a.m. Eastern Time from a coastal launch pad, just south of the Kennedy Space Center. Atop the booster was the second satellite in the U.S. Navy’s Mobile User Objective System network.

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