Glaxo-Merck News, Amgen CEO, and Transocean Wins

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Glaxo gets approved while Merck gets denied, Amgen raises Bradway’s salary, and Transocean scores a win in court.

Heavy Volume: Transocean Inc, NovaGold Resources Inc, Cirrus Logic (NYSE:RIG),(AMEX:NG),(NASDAQ:CRUS)

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Today’s stocks gaining on heavy volume include Transocean LTD (NYSE:RIG), NovaGold Resources Inc. (USA) (AMEX:NG) and Cirrus Logic, Inc. (NASDAQ:CRUS).  Read on for more information.

Oil Spill Worsens: Update as of May 1st (NYSE:BP),(NYSE:RIG)

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BP Plc (NYSE:BP) and Transocean LTD (NYSE:RIG) shares continue to plunge, during the past five trading session the loss racked up to -13% for BP and -20% for RIG shares.

BP and Transocean Shares Finally Fall on Worsening Oil Slick News (BP, RIG)

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BP Plc (NYSE:BP) and Transocean LTD (NYSE:RIG) shares are feeling the heat as the oil slick news takes a turn for the worse, heading into the afternoon BP shares are down 6% and RIG is down 5.6%.

Transocean Shares Holding Despite the Oil Spill

Transocean LTD (Public, NYSE:RIG)

Transocean LTD (NYSE:RIG) shares are holding up well despite the oil leaking into the Gulf of Mexico at a rate of 42,000 gallons per day.  In the last 5 days Transocean shares have only fallen 4%, they owned the oil rig that is now at the bottom of the ocean.

Doug Kass: Going Cash and Shopping

Doug Kass

theStreet.com's Doug Kass is going cash and putting a shopping list together of quality stocks.  As usual Kass' insight on the market and what he believes is the best course of action should be noted, including solid companies such as 3M (NYSE:MMM), Disney (NYSE:DIS) and Transocean LTD. (Public, NYSE:RIG).

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