In the last two days Sanofi has hired a proxy solicitor and its bankers have become more aggressive in seeking out the opinions of Genzyme shareholders about what price they would accept in a hostile offer.
S&P futures dipped about 3 points following a weaker-than-expected durable goods report. The Dow & S&P are now poised to fall for the 5th straight day in a row. The S&P has not had a 5-day losing streak since the end of June/beginning of July. The major indices are all hovering at their lowest levels since the start of July. And the declines haven’t been limited to the US...
Here’s what the president needs to do to help the markets.
Cramer defends Treasury Secretary Geithner and Federal Reserve Chairman Ben Bernanke.
Economist Joseph Stiglitz warned that Europe is at risk of going into a double-dip. Meanwhile, Greece's 10-year climbed 30 basis points to 10.55 percent causing renewed concerns about the health of its economy. For right now it looks like the European recovery is showing signs of weakening and possibly sliding back.
Spreads of sovereign debt are wider in several peripheral European countries, and stocks are down in Ireland, Greece and Spain. The S&P 500 is at a four-week low; the yield on the 10-year US Treasury note is back to the lowest yield since March 2009.
In Senate primaries in Arizona, Florida and Alaska, veteran politicians are poised to brush back charges from insurgent outsiders and move on to the general election—possibly showing that the anti-incumbent mood of the electorate has started to soften.
Five years after Hurricane Katrina destroyed New Orleans, the city's mayor said its recovery—slowed by the Gulf oil spill—will take at least another five years.
Stay away from Treasurys as they’ve been rallying since 1981 - equivalent to a 19-year bull run, said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report.
Cramer thinks these things need to be done to regain the individual investor's confidence in the markets.
The US housing market is in a double-dip recession, Moody’s Analystics chief economist Mark Zandi told CNBC Monday.
While bankers I speak with continue to be busy, most sound a similar refrain. Activity is picking up and seems likely to move at a more substantial pace into the fall, but few are expecting to set any records.
The U.S. should add income tax brackets for those making $1 million, $5 million and $10 million, a tax and federal budget expert from the think tank the Center for American Progress told CNBC Monday.
The recent bull market in bonds is creating a compelling financial arbitrage opportunity for corporations with the wherewithal to take advantage.
Propagandists have long believed that if you tell a lie big enough and keep repeating it, people will eventually come to believe it. And thus we see increasing numbers of Americans who believe President Obama is a Muslim, or at least not a Christian.
There are many books written about the global economy’s collapse by those who can quote their ‘inside’ sources, but the ultimate ‘insider’ — the man who was actually IN the INSIDE and at the very center of the storm — tells his story in "On the Brink: Inside the Race to Stop the Collapse of the Global Financial System."
S&P futures lost all their early morning gains and fell about 10 points after a disappointing jobless claims report at 8:30am ET. Markets continued to fall after the open. In focus this morning: more tepid to poor retail reports.
The U.S. 4th Stryker Brigade, 2nd Infantry Division—the last withdrawing unit of U.S. combat troops in Iraq—is crossing the border into Kuwait early Thursday, local time, NBC reported.
Abercrombie, down 8 percent, beat estimates and posted a decent 5 percent increase in same store sales, but inventory levels, up 47 percent, were a shocker.
As the Obama administration hosts a housing conference to address the role of Fannie Mae and Freddie Mac, we should remember that homeownership’s promise was ruined by Wall Street’s recklessness, not by federal policy. To fix the nations’ affordable housing policy, we support bringing the GSEs to their former public-private status, but with some key changes.