Friday, April 27, 2012

Merck posts big Q1 profit jump on lower charges

FILE - This April 15, 2009, file photo, shows the Merck logo in the lobby of Merck's world headquarters in Whitehouse Station, N.J. Drugmaker Merck & Co. said on Friday, April 27, 2012, that its first-quarter profit jumped 67 percent despite lower-than-expected sales, due to lower spending on production, marketing and research as well as an arbitration charge a year ago. (AP Photo/Mel Evans, File)Drugmaker Merck & Co. said Friday that its first-quarter profit jumped 67 percent despite lower-than-expected sales, due to lower spending on production, marketing and research as well as an arbitration charge a year ago.


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