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Smith & Nephew plc (NYSE:SNN) wins FDA clearance to expand the indications within the hip for its innovative Healicoil PK Suture Anchor and Osteoraptor Suture Anchor to include abductor repair while those for the Osteoraptor Suture Anchor now include labral reconstruction. Both products and new techniques will be exhibited at this week’s annual meeting of the International Society for Hip Arthroscopy in Boston. Shares closed down 0.73 percent on the day at $55.75, and have traded in a 52-week range of $42.62 to $56.26.
Sanofi-Aventis (NYSE:SNY) announced that it could eliminate around 900 jobs in France by 2015, which is a lower number than the 2,500 layoffs forecast by trade unions, as part of the firm’s planned changes in its research operations, according to Reuters. Shares closed down 0.36 percent on the day at $44.20, and have been traded in a 52-week range of $31.61 to $44.96.
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 1.14 percent on the day at $94.70, having been traded in a 52-week range of $57.15 to $96.49.
Usana Health Sciences, Inc. (NASDAQ:USNA) could be impacted if the rumors of Nu Skin Enterprises, Inc. (NYSE:NUS) losing its license in China are true, said CitronResearch, who noted that Usana has suffered as many if not more “China issues” than NU Skin. Shares closed down 4.55 percent on the day at $47.01, having been traded in a 52-week range of $25.69 to $49.47.
Exxon Mobil Corporation (NYSE:XOM): The International Organization of Securities Commissions is now pulling back from its previous proposals, under pressure from international organizations like the IEA and OPEC and from big oil players, says The Financial Times. The former had pushed for tighter regulation of the physical oil market. Shares closed down 0.15 percent on the day at $91.74, and have been traded in a 52-week range of $69.21 to $92.50.
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