FDA Blocks Generic OxyContin, Widely Abused Narcotic
Regulators said yesterday that generic drugmakers would not be licensed to make cheap versions of Purdue Pharma's OxyContin, a powerful and widely abused narcotic.
stock market news
Yahoo, Intel Earnings Set Up Market Decline
Yahoo's earnings rose 36% from a year ago, but the company's new management team remains under pressure to prove that its turnaround plan is working. Intel's net fell 25%.
Stock Market Rebounds From Worst Day of the Year
A market run-up was interrupted Monday when stocks had their biggest decline since November. Worries about an economic slowdown in China led to a drop in commodity prices.
Housing Stocks Rise on Bullish Real Estate Report
A very bullish report on housing starts has lifted shares of leading homebuilders by two to four percent today, adding to the huge gains over the past year.
T-Mobile Seeks iPhone Users; Apple iRadio
T-Mobile is offering a trade-in deal for people who are looking to upgrade from their iPhone 4 or 4S, and Apple is said to be preparing a Pandora-style streaming service.
NetFlix Extends Kids' Programming Pact with Hasbro
Netflix is set to add to yesterday's big gain. The company expanded its agreement with toymaker Hasbro for more kids' programming.
General Motors Re-Friends Facebook for Ad Campaign
General Motors pulled its ads from the social network a year ago. But now the automaker is testing a new tie-up with Facebook, including a pilot campaign for its Chevrolet Sonic.
Blackstone-Owned SeaWorld Readies IPO
The theme park operator is going public, probably launching its IPO this month. SeaWorld will offer 20 million shares, expecting to price them between $24-27 apiece.
J.C. Penney Investors Worry Johnson's Exit Means New Makeover
J.C. Penney’s controversial CEO Ron Johnson has been ousted after less than two years on the job. The company’s revenue fell sharply last year as Johnson implemented his plan.
Market Faces Expectations of Weak First Quarter Earnings
As usual, Alcoa kicks off the earnings season after today's closing bell, and the strong gains of recent years are not expected to continue.
ExxonMobil Sued Over Arkansas Pipeline Spill
Two Arkansas residents have filed a lawsuit against ExxonMobil. They’re seeking $5 million in damages, claiming a pipeline spill has caused a permanent drop in property values.
Johnson & Johnson Wins Big Court Battle
J.C. Penney today opens its first store-within-the-store boutiques. They'll offer home goods from designers such as Michael Graves, Jonathan Adler and Sir Terence Conran.
Signs of a Spring Correction for the Stock Market
It’s happened in each of the past three years, and a growing number of market watchers say it’s likely to happen again: The market could be due for a spring pullback.
HMO Stocks Rise on Medicare Advantage News
Shares of health insurance provider Humana jumped yesterday and are set to gain more today following news that Medicare Advantage might increase reimbursement rates.
Dow Ends at a Record Again, S&P in 7th Straight Gain
Wall Street rose modestly on Monday, lifting the Dow to another record and giving the S&P 500 its seventh straight advance as early weakness enticed buyers. The gains briefly lifted the benchmark S&P 500 index to its highest intraday level since October 2007.