Stock Futures Drop After Merck News
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US stocks futures tumbled on Thursday after drug company Merck &amp; Co. (MRK) announced it was recalling a key drug, indicating the market would open lower.
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Stock index futures looked set for a weaker Wall Street open on Tuesday before a key economic report forecast to show a dip in manufacturing activity last month.
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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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US blue chips fell on Thursday after drug company Merck &amp; Co.(MRK.N: Quote, Profile, Research) said it was withdrawing its key arthritis drug Vioxx, while relentless oil prices floated back to $50 a barrel.
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Stock index futures dropped on Wednesday, suggesting a weaker open on Wall Street,
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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 withdrawal of painkiller Vioxx means Merck &amp; Co. will miss the already diminished expectations of Wall Street analysts for 2005, the huge drug maker said Wednesday.
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U.S. stock index futures pointed to a lower market open on Tuesday as a tumble in China's main stock index worried investors before a slew of U.S. economic data and earnings reports.
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Shares of Merck &amp; Co. (MRK.N: Quote, Profile, Research) fell on Thursday after a US study suggested that patients taking its Vioxx arthritis drug had a 50 percent greater risk
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U.S. stocks looked to open lower on  Thursday after drug company Merck & Co.MRK.N said it was  withdrawing a key drug, sending Dow Jones industrial futures  tumbling and dragging the broader market down as well.
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Stock index futures looked set for a  weaker Wall Street open on Tuesday before a key economic report  forecast to show a dip in manufacturing activity last month.
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Stock index futures fell sharply on Tuesday after weak economic data and a tumble in China's main stock index rattled investors after two consecutive days of losses.
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Merck &amp; Co. shares fell as much as 7 percent to their lowest level in more than eight years after the Wall Street Journal said the drugmaker tried for years to stop safety concerns from hurting sales of its Vioxx painkiller.
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Shares of Merck &amp; Co. plunged Monday after a news report suggested that the company knew about risks associated with its recently recalled Vioxx arthritis medication and tried to cover them up.
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Shares of Merck & Co.  fell about 3 percent before the bell on Tuesday after the drug maker said federal authorities are investigating circumstances surrounding its withdrawal of pain-relief medicine Vioxx.
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Merck reduced its 2004 forecast by 50 cents to 55 cents because of lost revenues. The move followed the recall of Vioxx from the global market on September 30th, due to its association with increased risk of heart attacks.
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Merck & Co. Inc. MRK.N, reeling from  the recent withdrawal of its Vioxx arthritis drug, on Wednesday  said 2005 earnings will decline to levels below Wall Street  expectations, the third straight year of lower results.