Merck profit jumps on lower charges; plans cuts (AP)

[AP] - Drugmaker Merck & Co.'s second-quarter profit nearly tripled from a year ago, when about $2 billion in charges hurt results. Merck also said Friday that it will cut up to 11,830 jobs.

AP - PROFIT JUMP: Drugmaker Merck's third-quarter profit of $1.69 billion was five times that of last year's quarter, which was depressed by $2.3 billion in after-tax charges.

SAN FRANCISCO (Reuters) - Hewlett Packard now plans to layoff 29,000 employees, increasing the tot

PARIS (Reuters) - Loss-making Finnish cellphone maker Nokia plans to cut another 10,000 jo

WHITEHOUSE STATION, N.J. (AP) — Drugmaker Merck & Co. is reporting lower first-quarter results and cutting its 2013 profit forecast by 15 cents a share. It also is announcing a huge share buyback, up to $15 billion worth of its stock.