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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Shares drop as U.S. regulators say they want more info before approving caner medication Bonefos.
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Stocks tumbled on Tuesday, with the three major indexes posting their worst single day performance since March 13, as disappointing results from DuPont Co. and Countrywide Financial Corp. heightened concerns about the housing market.
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Shares of Odyssey Healthcare, which provides hospice care for people nearing death, plunged yesterday after the company reduced its profit forecasts and announced that the Justice Department
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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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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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Why did the shares of US Airways Group Inc. lose value for the fifth consecutive trading day yesterday?
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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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The companyâs shares plunged 15.9 percent to a nearly four-year low of $10.36 in morning trading after its net profit fell 84 percent in the fourth quarter.
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U.S. tech stocks fell on Wednesday  after chip maker Xilinx Inc. XLNX.O cut its revenue outlook,  while airline stocks took a beating after No. 3 U.S. carrier  Delta Air Lines Inc. DAL.N cut fares.
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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/LONDON  - Pfizer Inc.  shares tumbled as much as 15.6 percent on Monday, wiping out nearly $30 billion of market value, after the world's biggest drug maker unexpectedly ended development of its most important experimental medicine.
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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 down after company shutters home lending operation.
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Investors dumped shares of Pfizer Inc. today in response to the drug giant's weekend announcement that it has halted development of a potential blockbuster cholesterol treatment.
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Shares of Merck and Co. plunged nearly 27 percent Thursday on news that the pharmaceutical giant was pulling the popular arthritis pain medication Vioxx off the market.
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Shares of US Airways Group Inc. slipped  as much as 23 percent in early trading on Tuesday after its  pilots union rejected the company's latest contract proposal, a  blow to its attempt to avoid a second trip through bankruptcy.