The Ticker A Look Back At The Past Week On Wall Street

What’s hot

The prescription for health on Wall Street Friday: Take $24.5 million and call me in the morning. That’s how much Barr Laboratories is going to receive from Bayer AG, a German drug company, to settle a patent infringement lawsuit over the antibiotic ciprofloxacin. The healthy news drove Barr’s stock up $1.50 to $26.50. … Then again, sometimes being devoured by a competitor is the best way to run your stock up. Studio Plus Hotels of Lexington, Ky., saw its stock jump $5.12-1/2 Friday to $19.87-1/2 after Extended Stay America Inc. announced a buyout for about $290 million in stock. Extended dropped $1.62-1/2 to $17.

What’s not

Two giants were in the news this week and neither fared very well on the Street. Thursday, General Motors announced it would sell the Hughes Aircraft defense unit to Raytheon in a deal worth $9.5 billion. GM’s stock bore the brunt of Wall Street’s reaction, dropping 50 cents to finish the week at $60.12-1/2. … United Airlines knew it was in trouble Thursday when pilots voted down a tentative agreement for a 10 percent wage increase over four years. Friday, Salomon Brothers agreed, downgraded UAL, the parent company. And what happened with UAL’s stock? It dropped $1 to $58.62-1/2 Friday.