Cramer's Take on Headline Stocks - TheStreet

(Updated with closing stock prices.)

Abbott Labs

(ABT) - Get Report

will pay

Johnson & Johnson

(JNJ) - Get Report

about $1.7 billion according to a the ruling in a

patent infringement suit

regarding Abbott's Humira and J&J's Centocor, which both treat rheumatoid arthritis.

On Tuesday, Abbott closed down 78 cents, or 1.6%, at $47.04.

RHJ International

, a Belgium industrial company, is close to purchasing a stake in

General Motors'

(GMGMQ)

Opel division after

revising a previous offer

. The

Financial Times

reports that the deal could be settled in a matter of days.

Apollo Group

(APOL)

reported third-quarter earnings of $201.1 million, or $1.26 a share, up 45% from the same quarter last year, after an

increase in enrollment at its education programs

. Revenue also increased, by 26% to $1.05 billion.

On Tuesday, Apollo gained $5.13, or 7.8%, to close at $71.12.

In

analyst upgrade-downgrade news

, Barclays upgraded

FedEx

(FDX) - Get Report

to overweight from equalweight with a $71 price target, while Merrill Lynch/Bank of America upgraded

Electronic Arts

(ERTS)

to buy from neutral with a $26 price target.

FedEx closed down a penny at $55.62 on Tuesday, while Electronic Arts added 91 cents to $21.72.

With this in mind, we thought we'd take a look at some of the stocks in the news and see what Jim Cramer's had to say about them lately.

To read more,

visit Stockpickr.com

.

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