lakeway, TX -- (SBWIRE) -- 10/09/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
UnitedHealth Group Inc. (NYSE:UNH) shares dropped 1.12% to $72.17. UnitedHealthcare on Oct. 7 announced its 2014 portfolio of Medicare plans, which features new ways for beneficiaries to save money on their Medicare coverage. With the addition of Walmart to the company's preferred retail pharmacy network and Pharmacy Saver program, customers who enroll in UnitedHealthcare's stand-alone Part D plans and Medicare Advantage plans that include drug coverage can save money on their medications at nearly 20,000 retail locations nationwide.
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AbbVie Inc (NYSE:ABBV) shares decreased 1.52% to $46.09. The company will announce its third-quarter 2013 financial results on Friday, Oct. 25, 2013, before the market opens. AbbVie will host a live webcast of the earnings conference call at 8 a.m. Central time (9 a.m.Eastern).
Additionally, Galapagos NV (Euronext: GLPG) and AbbVie (NYSE: ABBV) announced on Sept. 24 that they have entered into a global alliance to discover, develop and commercialize novel potentiator and combination therapies in cystic fibrosis (CF), an inherited chronic disease that affects 70,000 people worldwide. AbbVie and Galapagos will work collaboratively to contribute technologies and resources in order to develop and commercialize oral drugs that address the main mutations in CF patients, including F508del and G551D.
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J.C. Penney Company, Inc.(NYSE:JCP) shares dropped 1.91% to $7.71. Robbins Geller Rudman & Dowd LLP ("Robbins Geller") (http://www.rgrdlaw.com/cases/jcpenney/) on Oct. 1 announced that a class action has been commenced in the United States District Court for the Eastern District of Texas on behalf of purchasers of J.C. Penney Company, Inc. ("JCPenney") (NYSE:JCP) common stock during the period between August 20, 2013 and September 26, 2013 (the "Class Period").
Additionally, Fitch Ratings on Oct. 2 downgraded J.C. Penney Company, Inc. on expectations of the company spending more cash in 2013 than projected earlier. The rating agency lowered the company’s issuer default ratings (IDRs) to junk status of “CCC” from “B-”.
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