US Stocks Off After Merck Recall,Oil Rise
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U.S. stocks were knocked lower on  Thursday after drug maker Merck & Co.MRK.N, a member of the  blue-chip Dow, recalled its widely sold Vioxx arthritis drug  and oil resumed its climb to $50 a barrel.
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U.S. stocks held solid gains on  Wednesday, as oil prices held below $42 a barrel and healthcare  stocks rose, with shares of drugmaker Merck & Co. MRK.N up  after issuing a 2005 forecast that was better than some  analysts had expected.
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The oil market ignores Saudi attempts to cool prices. Merck reportedly is stepping up its search for a new CEO. Wall Street looks to ease into the week with a slight rise at the open, despite higher oil prices.
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U.S. stocks fell on Friday hurt by a  string of negative reports from top drug makers and as oil  prices climbed nearly $2 a barrel.
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US blue chip stocks rose on Wednesday, helped by drugmaker Merck &amp; Co. Inc. (MRK), but technology stocks fell as results from technology bellwether Cisco Systems Inc.
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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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US stocks closed higher on Wednesday, as the dollar strengthened and shares of Merck &amp; Co. (MRK.N: Quote, Profile, Research) helped lift the Dow after the drugmaker
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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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U.S. stocks traded higher on  Wednesday, with shares of drugmaker Merck & Co. MRK.N helping  to boost the Dow after its 2005 forecast offered relief to some  investors on Wall Street.
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Merck & Co Inc. Thursday pulled its  arthritis drug Vioxx off the market because it increases the  risk of heart attack and stroke, a move that sent its shares  plunging, erasing $25 billion of its market value.
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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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TRENTON, N.J. -- Shares of drug maker Merck &amp; Co. dropped 2.5 percent in heavy trading yesterday, a day after medical journal reports offered fresh ammunition to patients suing over its withdrawn painkiller Vioxx.
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NEW YORK -- Stocks pulled back sharply and bonds jumped Friday as rising oil prices and lackluster profit reports stirred concerns about the ability of the economy to continue to push ahead.
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NEW YORK - Stocks were mixed 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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Charges hurt the quarterly results of  Johnson & Johnson, Merck & Co. and Schering-Plough Corp., but  the drugmakers' shares rose as J&J's earnings beat Wall Street  forecasts and Merck sales edged higher despite the withdrawal  of its best-selling Vioxx arthritis drug.
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US stocks were slightly lower on Thursday, reversing some of Wednesday&#39;s sharp rally, as another slide in oil prices knocked shares of energy-related companies.
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US stocks futures tumbled on Thursday after drug company Merck &amp; Co. (MRK.N: Quote, Profile, Research) announced it was recalling a key drug, indicating the market would open lower.