Abbott Labs Releases New Drug and 4 Stocks Achieving 52-Week Highs
Abbott Laboratories (NYSE:ABT) reported on Tuesday that Absorb, the world’s first drug eluting bioresorbable vascular scaffold, is now widely available in Europe and also parts of Asia Pacific and Latin America. The device is first-of-its-kind for the treatment of coronary artery disease, and its global intro is supported by a robust clinical trial program that comprises five studies in excess of 20 countries around the world. In the United States, Absorb is neither approved nor authorized for sale and remains in development without a regulatory status, but is authorized for sale in CE Mark countries. Shares closed down 0.06 percent on the day at $69.57, and have been traded in a 52-week range of $48.96 to $69.99.
Carnival Corporation (NYSE:CCL) projects its fiscal 2012 constant dollar net revenue yields to be flat or slightly off if Costa is removed, which is a small improvement to the previous guidance. When Costa is included, Carnival expects a fall in net revenue yields of 3 percent compared to its previous guidance of a drop between 3 to 4% percent in constant dollars for the same period. Higher net revenue yield projections and improvement in costs, when compared to June guidance, have been offset by 13 cents per share in higher fuel prices along with unfavorable changes in exchange rates. Finally, the firm expects fiscal year 2012 non-GAAP diluted earnings per share to be between $1.83 and $1.87, which is in line with the midpoint of the June guidance range that was between $1.80 and $1.90. Shares closed up 0.22 Percent on the day at $37.08, and have traded in a 52-week range of $28.52 to $38.14.
Comcast Corporation (NASDAQ:CMCSA), Time Warner Cable Inc. (NYSE:TWC), Verizon Communications (NYSE:VZ), and AT&T Inc. (NYSE:T) are poised to deliver video games directly to TVs as soon as 2013, report sources, which comprises a strategy shift that will pose problems to traditional consoles such as the PlayStation (NYSE:SNE), Wii (NTDOY) and Xbox (NASDAQ:MSFT), according to Bloomberg. Shares closed down 1.59 percent on the day at $35.85, having been traded in a 52-week range of $19.72 to $36.54.
The United Kingdom firm Diageo plc (NYSE:DEO) is in discussion with India’s United Spirits and also its parent company United Breweries concerning the purchase of an investment in United Spirits; thus far no reports have surfaced regarding specifics. A report that came earlier in September said that Diageo could buy a 27 percent stake for 30 billion rupees, or $563 million and any deal would continue the company’s strategy of growing in emerging markets. Shares closed up 0.67 percent on the day at $112.62, and have traded in a 52-week range of $73.23 to $112.67.
The Walt Disney Company’s (NYSE:DIS) ABC stations will begin running Everyday Health’s Recipe Rehab, which an online-video series funded by Google’s (NASDAQ:GOOG) YouTube video site next month. The site is being converted to a syndicated television show, which implies that made-for-Web content is finding new avenues offline and on TV, according to the Wall Street Journal. Shares closed down 0.72 percent on the day at $52.54, having been traded in a 52-week range of $28.19 to $53.39.
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