7 Stocks you need to know for Wednesday

The DJIA dropped 82.38 to 8447.00, the tech heavy Nasdaq gave back 9.02 to 1835.04 and the broad based S&P 500 slipped 7.91 to 919.32.

Here are 7 stocks you need to know for Wednesday:

Abbott Labs (ABT | Quote | Chart | News | PowerRating) was just ordered to pay a $1.67 billion dollar patent infringement verdict to Johnson & Johnson's (JNJ | Quote | Chart | News | PowerRating) wholly owned subsidiary, Centocor Ortho Biotech.

Outgoing American International Group (AIG | Quote | Chart | News | PowerRating) CEO, Liddy, stated that the company will be likely able to repay the government's $182 billion dollars in bail out funds provided to the insurer.

Apple's (AAPL | Quote | Chart | News | PowerRating) iPhone inventories are lasting longer on the shelf than last year.

General Mills (GIS | Quote | Chart | News | PowerRating) is expected to announce earnings of 80 cents pre-open Wednesday.

More fiscal third quarter earnings are expected pre-open from UniFirst Corp (UNF | Quote | Chart | News | PowerRating) of 74 cents and Lindsay Corp (LNN | Quote | Chart | News | PowerRating) of 29 cents.