Dow Average Falls as Merck Withdraws Vioxx; Semiconductors Gain
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The Dow Jones Industrial Average dropped after Merck &amp; Co. withdrew the Vioxx painkiller and retracted its third-quarter profit forecast.
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NEW YORK - Investors sent stocks lower Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market due to serious health risks...
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The share price of US drugs giant Merck falls to an eight-year low after it announces that it has been forced to withdraw a key drug on side effect fears.
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Merck & Co. Inc.MRK.N, reeling from  the recent withdrawal of its Vioxx arthritis drug, said  Wednesday it expects 2005 earnings of $2.42 to $2.52 a share --  a decline from expected 2004 results.
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Drug maker Merck &amp; Co. Inc. (MRK) dominated trading in US stocks on Thursday, single-handedly driving the 30-stock Dow Jones average lower after it withdrew its arthritis
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NEW YORK (CBS.MW) - US stocks traded mixed Thurday as Merck shares lost a quarter of their value, dragging blue chips lower, but the Nasdaq moved higher, buoyed by gains in the semiconductor sector.
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US stocks fell overnight, hurt by a slew of negative reports from top drug makers and oil prices climbing by $US2 a barrel. Pfizer Inc pulled the Dow lower after it said patients
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Merck &amp; Co. Inc. (MRK.N: Quote, Profile, Research) , reeling from the recent withdrawal of its Vioxx arthritis drug, on Wednesday said 2005 earnings will decline to
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Merck (MRK:NYSE - news - research) shares fell early Thursday after a study sponsored by the Food and Drug Administration concluded that its Vioxx arthritis drug put users at a greater risk to heart attacks than Pfizer&#39;s (PFE:NYSE - news - research
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U.S. stocks slipped on Thursday,  pulled down by investor worries over record high oil prices and  a sharp drop in major drug company shares.
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BOSTON (CBS.MW) -- Merck &amp; Co. shares fell more than 10 percent Monday on a news report that the company may have known for years that Vioxx, the pain reliever it recently withdrew from the market, could cause cardiac problems in some patients.
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Drug maker Merck &amp; Co. Inc. (MRK.N: Quote, Profile, Research) dominated trading in US stocks on Thursday, single-handedly driving the 30-stock Dow Jones average lower
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NEW YORK - Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market...
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LONDON: European stock markets retreated yesterday as Wall Street slumped on Merck drug woes, oil prices climbed back toward the $50 mark and a bomb threat forced the landing of a British Airways plane.
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The blue-chip Dow Jones average was  knocked lower on Thursday after drug maker Merck & Co.MRK.N,  a member of the Dow, recalled its widely sold Vioxx painkiller  and oil prices hovered around $50 a barrel.
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U.S. stocks ended lower on Friday,  dragged down by a sharp fall in drugmaker Merck & Co. Inc.  MRK.N on concerns about a key drug, worries ahead of the Iraq  election and weaker-than-expected economic growth.
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NEW YORK - Investors sent stocks sharply lower Friday as oil prices continued their climb higher and new questions about the safety of arthritis drugs pressured pharmaceutical stocks. The Dow Jones industrials, which include drug makers Pfizer Inc...