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Abbott Labs (ABT)
Abbott Laboratories announced that, it has received CE Mark for its XIENCE PRIME Everolimus Eluting Coronary Stent System for the treatment of critical limb ischemia (CLI) or severe claudication (pain) of the lower leg. CLI is the most advanced form of peripheral artery disease (PAD) that can ultimately lead to limb amputation. With this expanded indication, XIENCE PRIME can be marketed to treat CLI or severe claudication of the lower leg in European Union countries and others that recognize CE Mark.
Jan 20 · 4:57:00 PM
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by Larry Etter
Pfizer (PFE)
Privately held Theraclone Sciences Inc., of Seattle, has signed a multiyear research and development collaboration with Pfizer Inc. for the company's in situ therapeutic antibody rescue (I-STAR) technology. The deal makes Theraclone eligible to receive up to $632 million in research funding and milestone payments upon the achievement of discovery, development, regulatory and commercialization milestones, plus undisclosed royalties on future. Pfizer will be responsible for preclinical and clinical development of the antibodies.
Jan 20 · 4:55:00 PM
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by Larry Etter
Washington Post (WPO)
The Washington Post Co. today raised its dividend by 40 cents per share and said billionaire investor Warren Buffett will retire from its board of directors when his current term ends in May.
Losing a close relationship with Buffett could be a cause for concern, although Buffett has expressed a desire to leave all boards but Berkshire Hathaway's.
Jan 20 · 4:49:00 PM
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by Larry Etter
Southwest Airlines (LUV)
Southwest Airlines Co. said fourth-quarter profit rose 13 percent to $131 million, or 18 cents a share, from $116 million, or 16 cents, a year earlier, Excluding one-time costs, the airline had a profit of 15 cents a share, meeting the average of 14 analyst estimates compiled by Bloomberg.
The results show more people are flying as economy improves.
Jan 20 · 4:44:00 PM
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by Larry Etter
Google (GOOG)
Google today issued a surprise announcement saying that Larry Page will be the company's CEO, with current CEO Eric Schmidt moving to Executive Chairman. Google's other co-founder Sergey Brin will focus on strategic projects, specifically, new products.
While this is a surprise to the market, Schmidt says that Page and Brin no longer "need adult supervision."
Jan 20 · 4:36:00 PM
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by Larry Etter
Procter & Gamble (PG)
Procter & Gamble's CEO is taking Corporate America's case for a lower tax rate to U.S. lawmakers today, also calling for an end to taxation of foreign-earned profits.
Multinational companies say the top 35 percent corporate tax rate hamstrings them competitively against foreign-based rivals, most of whom are subject to far lower rates.
Jan 20 · 4:31:00 PM
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by Larry Etter
HP (HPQ)
HP Enterprise Services today announced FCC, a Spain-based multinational public services company, has signed a seven-yeat technology services agreement with Hewlett-Packard Servicios España, S.L. The contract is valued at $300 million.
With this agreement, HP will provide data center services and end-user workplace management for the entire FCC organization, which has a presence in 54 countries. FCC’s core businesses are environmental services and water management, construction of large infrastructure, cement production and renewable energy production.
The agreement is intended to transform FCC’s technology infrastructure to advance the company’s ability to compete internationally.
Jan 20 · 4:17:00 PM
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by Larry Etter
GE (GE)
GE Capital, Franchise Finance announced today that it is providing $15.3 million in financing to a large Hardee’s® franchisee, Paradigm Investment Group, LLC. The credit facility includes a $10.3 million term loan and a $5 million development line of credit.
Jan 20 · 4:12:00 PM
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by Larry Etter
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