Tysabri-PML Link Will Weigh on Biogen Stock
Tysabri-PML Link Drag Biogen Stock. Tysabri troubles could continue to cause a drag on Biogen Idec stock, according to a Wall Street Journal report. A recently released research note from Barclays Capital indicated use of Tysabri is being tempered by worries over how many patients may develop progressive multifocal … [Read more...]
Connecting The Dots On Krispy Kreme
Krispy Kreme Sales Are Falling. Krispy Kreme is likely to go down as a classic example of style over substance and certainly a reminder of why liking a company's products doesn't necessarily mean you should like the stock. Even with its exceptionally strong brand and customer loyalty, the doughnut maker's business model has had … [Read more...]
Krispy Kreme Stock Continues Tailspin
Krispy Kreme Stock Tumbled. Shares of Krispy Kreme Doughnuts tumbled nearly 10 percent on the first day of trading this week on top of a 29 percent plunge following the company's revelation that low-carbohydrate diets were hurting profit. The Winston-Salem-based company said it was taking steps to improve performance, including … [Read more...]
Suit Links Loans, WorldCom Stock
WorldCom Stock Allegations. Citigroup business units lent $134 million to a company owned by former WorldCom CEO Bernie Ebbers, but the financial-services giant on Monday denied allegations that its relationship with Ebbers motivated it to publicly tout WorldCom stock. The allegations were made in a lawsuit filed by New York state … [Read more...]
House Panel To Tell Stewart Decision Tuesday
Martha Stewart will have to live in suspense until Tuesday. That’s when the House Energy and Commerce Committee, which has been investigating the suspicious timing of her sale of ImClone stock last December, will decide whether to subpoena her to appear before Congress. ”We have reached the end of the road with respect to Martha … [Read more...]
New Label Fears Sink Merck Stock
Merck Added A Label Warning To Its Drug. Merck & Co.'s stock dived 3 percent on Thursday, a day after the pharmaceutical giant added a label warning of deadly side effects to packages of its best selling drug. The new label for cholesterol-lowering agent Zocor highlights the risk of patients developing Myopathy and Rhabdomyolysis … [Read more...]
Exec Indicted On Tax Evasion Charge
Kozlowski Indicted On Tax Evasion. In the past five years, Dennis Kozlowski had received nearly $22 million in salary and bonuses as chief executive of Tyco International. He controlled millions of shares of company stock worth almost $50 million, and that wasn't even his entire fortune. Yet yesterday, he was arraigned … [Read more...]
Citigroup May Apologize for Faulty Stock Research
Citigroup Faulty Stock Research. Citigroup Inc. could be required to publicly apologize for faulty stock research by the firm's analysts, but Chief Executive Sanford I. Weill is likely to avoid facing separate charges in a broad regulatory inquiry into whether the nation's big brokerage firms misled small investors with … [Read more...]
