Orlando, FL -- (SBWIRE) -- 08/15/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Merck & Co., Inc. (NYSE:MRK), Verizon Communications Inc. (NYSE:VZ).
Merck & Co., Inc.(NYSE:MRK) shares closed at $48.57. Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR) on August 12 announced that it has entered into an exclusive, multi-year agreement with Merck (NYSE: MRK), known as MSD outside the United States and Canada, to co-promote Merck's type 2 diabetes therapies JANUVIA(R) (sitagliptin) and the sitagliptin family of products in the long-term care institutional setting in the United States.
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Additionally, the company on July 30 said it earned $906 million, or 30 cents per share, in the second quarter. That compared with $1.79 billion, or 58 cents per share, in the year-earlier period. Excluding special items, Merck earned 84 cents per share. Analysts, on average, expected 83 cents per share. Global company revenue fell 11 percent to $11.01 billion, hurt by generic competition for its Singulair asthma drug, which lost U.S. patent protection a year ago. Wall Street expected company revenue of $11.22 billion.
Verizon Communications Inc.(NYSE:VZ) shares dropped 0.72% to $48.59 in the pre-market hour. The company has decided to put off the acquisition of two small Canadian wireless companies until after a government auction of wireless licenses in January, a Canadian newspaper said, citing people familiar with the matter on August 14.
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The U.S. telecommunications firm is instead focusing on whether to take part in a key Canadian spectrum auction, which has a September 17 deadline for applications, the Globe and Mail said. Potential bidders in the auction are barred from negotiating any deals with other bidders until next year.
Additionally, Wireless calling, text messaging and surfing the Web on the Verizon Wireless network is now easier and faster for residents and travelers in Alabama, thanks to heavy investments Verizon Wireless made during the first half of 2013. From January through June, the company invested more than $49 million to expand its wireless broadband and voice networks across the state. Verizon's 4G LTE network is now substantially complete in Alabama, representing the vast majority of the company's 3G footprint that provides coverage across tens of thousands of square miles in the state, from Muscle Shoals to Mobile.
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