Fortress Investment Group ( FIG) reworked a deal with Penn National Gaming ( PENN) Thursday, as financial stocks ticked up slightly ahead of the holiday weekend.

Fortress and private equity firm Centerbridge Partners, which had agreed in June to buy Penn for $67 a share will now instead invest in the casino operator and pay a termination fee. Penn stock had declined 44% since last June. Fortress was trading down about 1% to $11.39; Penn was up 3% to $29.45.

Wachovia ( WB) dropped 3.1% to $14.90. The bank announced that it appointed Kevin O'Connor as its chief investment officer to Wachovia Global Securities Lending, a division of the bank that handles third-party lending.

Chindex International ( CHDX) said Wednesday post close that it received approval from health regulators in the People's Republic of China to introduce new products, including Intuitive Surgical's ( ISRG) daVinci S. Surgical System. Chindex shares rose 15% to $16.13 Thursday, and Intuitive Surgical's shares edged down 0.2% to $250.57.

Abbott Laboratories ( ABT) shares climbed on the Food and Drug Administration approval of its Xience V, a drug-eluting stent for patients with coronary artery disease. The antibiotic-coated mesh tube will compete with products by Boston Scientific ( BSX), Medtronic ( MDT) and Johnson & Johnson ( JNJ).

Abbott, which said it will launch the stent in the U.S. immediately, saw shares rise 1% to $54.80. Shares of competitor Boston Scientific, which makes the Taxus stent, edged down 4 cents to $12.37.
This article was written by a staff member of TheStreet.com.

If you liked this article you might like

Spain to Play Netherlands for World Cup

Spain to Play Netherlands for World Cup

Wal-Mart: Analysts' Upgrades, Downgrades

Wal-Mart: Analysts' Upgrades, Downgrades

Netherlands Advances to World Cup Final

Netherlands Advances to World Cup Final

Apple: Analysts' Upgrades, Downgrades

Apple: Analysts' Upgrades, Downgrades

World Markets Mostly Lower Monday

World Markets Mostly Lower Monday