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Market Overview

Zings Of The Day, August 4, 2011

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Dendreon (NASDAQ: DNDN) reported weaker than expected earnings yesterday, and removed its guidance for its prostate cancer drug Provenge. Shares fell nearly 70% today, amidst a broader market sell off. Just a little bit of a correction, ya think?

Kraft (NYSE: KFT) announced this morning that it would be splitting itself into two companies. Oscar Mayer is being spun into Grocery business. Oscar Mayer has the way of saying, M-O-N-E-YYYYYY.

 

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Posted-In: Zings Of The DayEarnings M&A News Asset Sales

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