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Merck (MRK)
Merck & Co., Inc. (MRK) announced today that the U.S. Food and Drug Administration (FDA) has approved GARDASIL® [Human Papillomavirus Quadrivalent (Types 6, 11, 16, and 18) Vaccine, Recombinant] for use in boys and men 9 through 26 years of age for the prevention of genital warts caused by human papillomavirus (HPV) types 6 and 11.
FDA approval is the first step in an important two-step process. The next step in the process is an Advisory Committee on Immunization Practices vote on whether to recommend administration of GARDASIL for use in males.
Oct 16 · 2:04:00 PM · Source: Business Wire
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by Larry Etter
Prudential Financial (PRU)
Prudential Financial, Inc. (NYSE:PRU) announced today that it is launching a major advertising campaign highlighting the company’s solutions for businesses facing a variety of challenges in the post-financial crisis environment. The multimillion dollar advertising campaign centers around Prudential answering an “SOS” call from corporations looking for a partner with the financial strength and solutions for their retirement plans, asset management and group life insurance needs.
Oct 16 · 2:01:00 PM · Source: Business Wire
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by Larry Etter
Spartan Stores Inc. (SPTN)
Spartan Stores, Inc., (Nasdaq:SPTN) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per common share. The dividend is payable on December 15, 2009 to shareholders of record as of the close of business on December 1, 2009.
Oct 16 · 2:00:00 PM · Source: Business Wire
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by Larry Etter
Amazon (AMZN)
Amazon.com Inc. (AMZN)on Friday morning lowered its prices on hot upcoming book releases once again to match Walmart.com in their continuing price war, and is now also selling top 10 pre-orders for November at $9.
Wal-Mart yesterday said they would be selling some best selling books for $10.
Oct 16 · 11:31:00 AM · Source: Wall Street Journal
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by Larry Etter
Bristol-Myers Squibb (BMY)
Bristol-Myers Squibb slashed about 25% of its sales force for the antipsychotic Abilify on Friday.
The job cuts resulted from an evaluation the New York drug maker conducted after it extended its co-marketing pact with Otsuka Corp. for Abilify earlier this year. Most major drug companies have steadily reduced their sales forces in recent years to save costs and address doctors' complaints that they were being bombarded by too many sales representatives. The company declined to specify how many jobs were cut, saying the size of its Abilify sales force was proprietary.
Oct 16 · 11:18:00 AM · Source: The Wall Street Journal
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by Michael Oliveto
Boeing (BA)
Boeing President Walt Skowronski announced today that he will retire from the company at the end of the year.
Boeing has named Mike Cave to Skowronski's leadership role, effective January 1, reporting to Corporate President and Chief Financial Officer James Bell.
Beginning today, Cave will assume the role of deputy to Skowronski to ensure a smooth transition of customer and investor relationships. Shep Hill will assume Cave's responsibilities as senior vice president of Business Development and Strategy, while retaining his role as President, Boeing International.
Oct 16 · 11:10:00 AM · Source: PR Newswire
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by Michael Oliveto
American Express (AXP)
American Express reported on Thursday through a regulatory filing that for the quarter that ended September 30, the 30-day delinquency rate was 4.1%, according to preliminary data, down from 4.4% in the second quarter.
The 30-day delinquency rate measures borrowers at least a month behind their card payments. The 30-day delinquency rate, a key gauge of future losses, is important because higher delinquencies force issuers to squirrel away capital to reserve for potential losses; ultimately, companies must write off loans if customers can't pay.
Oct 16 · 11:07:00 AM
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by Michael Oliveto
Avon Products (AVP)
Avon Products Inc. signed Black Eyed Peas frontwoman Fergie to a multiyear deal as they up the ante in the celebrity fragrance space.
Fergie, 34, whose real name is Stacy Ferguson, is the latest high-profile name to join Avon’s growing cast of celebrities. The list includes Reese Witherspoon; Patrick Dempsey and his wife, makeup artist Jillian Dempsey; Courteney Cox; Derek Jeter; Jennifer Hudson, whose contract is due to expire, and in Latin America, Salma Hayek. Avon’s designer alliances have included Cynthia Rowley, Christian Lacroix and Emanuel Ungaro.
Oct 16 · 11:01:00 AM · Source: WWD Beauty
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by Michael Oliveto
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