Oil Prices and Drug Safety Comments Send Shares Lower
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Investors sent stocks markedly lower yesterday as oil prices reached $53 a barrel during the trading session and new questions were raised about the safety of arthritis drugs, putting pressure on pharmaceutical shares.
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The U.S. Dow Jones Industrial average  declined on Thursday after drug maker Merck & Co.MRK.N  recalled its widely sold Vioxx painkiller and its stock sunk 27  percent.
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Investors sent stocks sharply lower yesterday as oil prices continued their climb higher and new questions about the safety of arthritis drugs pressured pharmaceutical stocks.
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U.S. stocks fell on Monday as a drop  in oil company shares on sharply lower crude prices  overshadowed reports of strong holiday sales from some  retailers.
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The blue-chip Dow Jones average fell  on Thursday after drug maker Merck & Co., a member of the Dow,  recalled its widely sold Vioxx painkiller and oil prices  hovered around $50 a barrel.
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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 fell on Friday, hurt by a  slew of negative reports from top drug makers and oil prices  climbing by $2 a barrel.
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Shares of large U.S. and European drug  makers fell on Thursday after a prominent cardiologist  questioned the safety of new arthritis drugs and the  performance of U.S. regulators in monitoring drug safety.
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NEW YORK - A grim combination of higher oil prices and lowered outlooks from companies including Colgate-Palmolive Co., Unilever PLC and The New York Times Co. sent stocks sliding Monday...
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Stocks closed lower on Monday, pressured by a sell-off in energy shares after oil prices dropped and as investors were cautious before comments later this week from Federal Reserve Chairman Ben Bernanke.
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London shares closed lower after a volatile session that saw the FTSE 100 cover a 326-point range, with oil shares lower on weaker crude prices and cell phone maker Motorola adding to a gloomy corporate picture by posting a dramatic slide in earnings.
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U.S. stocks futures tumbled on  Thursday after drug company Merck & Co. MRK.N announced it  was recalling a key drug, indicating the market would open  lower.
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Shares drop as U.S. regulators say they want more info before approving caner medication Bonefos.
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NEW YORK - Higher oil prices and lowered outlooks from companies including Colgate-Palmolive Co., Unilever PLC and The New York Times Co. sent stocks sliding Monday...
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U.S. blue chips slid back into the red  on Wednesday as oil company shares fell on a report showing an  unexpected rise in U.S. oil inventories last week, which drove  oil prices lower.
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US STOCKS were knocked lower yesterday as investors worried that rising prices for oil and commodities would dent corporate profits, while drug shares fell on possible stricter scrutiny from regulators.
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U.S. stocks closed lower on Friday  amid heavy trading volume, as a slew of negative reports from  top drug makers and a more than $2 a barrel increase in oil  prices weighed on the market.