Coca-Cola Withdraws Advertising and 3 Dow Movers to Note
The Coca-Cola Company (NYSE:KO) and Samsung (SSNLF) have pulled their advertising back from Zing.vn, which is a Vietnamese website that has provided unlicensed downloads of songs, according to the Associated Press.
3M Company (NYSE:MMM) said that the new structure will be comprised of five business groups: Consumer with 2011 sales of $4.2 billion; Industrial with$9.6 billion); Health Care with $5.0 billion; along with two newly formed business groups, Safety & Graphics, with $5.5 billion); and Electronics & Energy having $5.7 billion in 2011 sales. Prior to this, the firm operated six major business segments. The new structure is effective immediately with the segments starting to report for the new organization effective January 1st.
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Merck & Co. (NYSE:MRK) has reported Phase IIb data for MK-3102, its investigational once-weekly DPP-4 inhibitor which is in development for the treatment of type 2 diabetes. The data indicates that MK-3102 significantly lowered blood sugar in this 12-week study compared with placebo, with an incidence of symptomatic hypoglycemia that was similar to placebo, in patients suffering from type 2 diabetes. These data was presented Wednesday at the 48th Annual Meeting of the European Association for the Study of Diabetes in Berlin.
Microsoft Corporation (NASDAQ:MSFT) ranked fourth during the three months ending in August in comScore’s list of domestic smartphone owners by brand. Google Android (NASDAQ:GOOG) came in as the number one smartphone platform having a 52.6 percent market share while Apple’s (NASDAQ:AAPL) rose by 2.4 points to 34.3 percent. Research In Motion Limited (NASDAQ:RIMM) was third with an 8.3 percent share followed by Microsoft at 3.6 percent and Symbian (NYSE:NOK) at 0.7 percent. Device manufacturer Samsung (SSNLF) ranked as the top original equipment manufacturer, having 25.7 percent of domestic mobile subscribers. Apple continued to move towards the number two spot with 17.1 percent of mobile subscribers. According to the report, 116.5 million people in the United States owned smartphones during the period, which is up by 6 percent over the same months ending in May.
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