Wright Recalls Hip Device, Shares Tumble
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Wright Medical Group Inc. WMGI.O on  Monday said it recalled defective components used in its  reconstructive hip implants and cut its earnings forecast,  sending its shares tumbling 14 percent.
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Stocks tumbled on Thursday as a strengthening yen stirred concern that investors were being forced to unwind carry trades in a repeat of the risk aversion that sparked Tuesday's global market rout.
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Shares of US Airways Group Inc.  UAIR.O slid as much as 23 percent on Tuesday after leaders of  its pilots union rejected the company's latest contract  proposal, dealing a blow to its attempt to avoid a second trip  through bankruptcy.
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NEW YORK Dallas-based Odyssey Healthcare stock plunged to a new low today. That comes after the hospice operator cut its full-year earnings estimate and said it was the target of a US Justice Department investigation.
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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 U.S. Dow Jones Industrial average declined on Thursday after drug maker Merck & Co. recalled its widely sold Vioxx painkiller and its stock sunk 27 percent.
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Shares of Accredo Health Inc. ACDO.O  sank in trade before the opening bell after the provider of  pharmacy and treatment services for patients with chronic  illnesses slashed its fiscal 2005 profit forecast.
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The medical device maker reported a third-quarter loss of $272 million on charges related to acquisitions and asset sales, as the companyâs top-selling stent continued to slump.
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Shares of Dj Orthopedics Inc. sank as much as 18 percent Tuesday on news the rehabilitation medical device maker cut its third-quarter outlook on lower sales and costs from the integration of Regentek, the bone growth device company it bought in November.
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Stocks fell on Friday, led by pharmaceutical shares after a US health official raised concerns about drug safety and a drop in chip-equipment makers following a ratings downgrade by Goldman Sachs.
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Shares of Merck &amp; Co. plunged almost 10 percent yesterday after a media report said that documents show the pharmaceutical giant hid or denied
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Investors pulled back from shares of major air carriers Friday as concerns loomed that US Airways Group Inc. and Delta Air Lines Inc.
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Shares in US drug maker Merck tumbled nearly 10% on Monday after a press report suggesting the firm may have ignored problems with one of its drugs.
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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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US STOCKS slipped yesterday as drug-maker Merck recalled its widely sold Vioxx arthritis drug, and oil resumed its climb to $50 a barrel.
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Shares of Possis Medical Inc. fell more than 28 percent before the market open Tuesday, on news that it had cut its revenue outlook due to the poor performance of its AngioJet blood clot device in clinical trials.
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Stryker Corp said on Tuesday it is recalling some artificial hip products manufactured at its Cork, Ireland, facility because the devices did not meet company standards for sterility.