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Animal health products company $PAHC said the U.S. FDA stated its intention to withdraw its approval for antibiotic drug Mecadox, used for controlling bacterial diseases like Salmonella and Swine dysentry, citing safety reasons. Today's action by the FDA does not prohibit the sale or use of Mecadox in the United States, the company added.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.