3M SETTLES Suit and 3 Dow Movers to Watch
JPMorgan Chase & Co. (NYSE:JPM) is among the largest creditors of the bankrupt Tribune Co., along with Oaktree Capital (OAK), but the two firms have not so far indicated their plans for the company once it exits bankruptcy, which could be within weeks. Sources to The New York Post say that the owners might use its most alluring property, The Los Angeles Times, to obtain bids for its other newspapers.
3M Co. (NYSE:MMM) and Ivoclar Vivadent have resolved their respective lawsuits in Germany and the in the United States. It was alleged in the The Ivoclar Vivadent lawsuits that 3M FiltekTM composite dental restoratives infringed its patents, but the firm has voluntarily withdrawn its German and U.S. patent infringement suits against 3M, which has allowed the settlement.
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Microsoft Corporation’s (NASDAQ:MSFT) Windows Phone software will only produce a 4 percent share of the U.S. smartphone market in 2012, calculates the research firm Strategy Analytics, according to Boy Genius.
Pfizer Inc. (NYSE:PFE), which is partner to Ligand Pharmaceuticals (NASDAQ:LGND) reports that the European Medicines Agency has accepted for review the Marketing Authorization Application for bazedoxifene/conjugated estrogens, which is a potential new medicine for postmenopausal women with a uterus, for the treatment of estrogen deficiency symptoms and also the treatment of osteoporosis in women at risk of fracture. BZA/CE has been evaluated in a Phase III clinical development program. The drug major expects a decision from the European Commission next year.
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