The last remaining lab of "mad scientist" Nikola Tesla will open it doors to the public this summer after a fundraising campaign saved the site.» Read More
ALBANY, N.Y.— Globalfoundries' chief executive says the chip manufacturer plans no shutdowns or layoffs at IBM's semiconductor factories in New York's Hudson Valley and Vermont. Announcing the deal Monday, Chief Executive Sanjay Jha says Globalfoundries will welcome about 5,000 IBM employees including "800 of the best technologists in the world."
Oct 20- Allergan Inc shareholder Paulson& Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals International Inc, according to two people familiar with the matter. The hedge fund, which earlier supported a deal with Valeant, told Allergan CEO David Pyott...
NEW YORK— Cord cutters rejoiced last week after HBO and CBS announced plans to sell stand-alone streaming services, a move that cable and satellite television providers have resisted for years. Get Netflix, throw in HBO, add a network here and there— why would anyone sign up now for cable? And smooth streaming costs money: to avoid so-called "throttling" during peak...
NEW YORK— E-commerce site eBay Inc. said Monday that venture capitalist Marc Andreessen has resigned from its board, less than a month after the company announced a spinoff of its PayPal payments business. Icahn, who pushed for a PayPal spinoff, said at the time that Andreessen was advising and investing in eBay competitors. Shares of eBay, based in San Jose,...
NEW YORK— A newly announced partnership with Genentech on an experimental cancer drug sent shares of NewLink Genetics soaring 15 percent Monday. Shares of NewLink Genetics Corp. rose $4.34 to $33.69 in afternoon trading. NewLink Genetics also holds the license for an experimental Ebola vaccine and is preparing to start a clinical trial in the U.S., Germany,...
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. fell 1.8 percent to $2.67 with 15,756,300 shares traded. Bank of America Corp. fell. 1 percent to $16.20 with 34,394,700 shares traded.
Arch Coal fell$. 04 or 1.8 percent, to $1.94. Consol Energy Inc. rose$. 14 or. 4 percent, to $34.92. Peabody Energy fell$. 40 or 3.6 percent, to $10.63.
Baxter International Inc. rose$. 18 or. 3 percent, to $67.42. Bristol-Myers Squibb Co. fell$. 17 or. 3 percent, to $50.25. Hospira fell$. 18 or. 4 percent, to $49.89.
BP PLC fell$. 55 or 1.3 percent, to $40.90. ConocoPhillips rose$. 31 or. 5 percent, to $68.39. Exxon Mobil Corp. rose$. 09 or. 1 percent, to $91.30.
eBay rose $1.05 or 2.2 percent, to $49.00. Groupon Inc. rose$. 01 or. 2 percent, to $6.14. Zynga Inc. rose$. 01 or. 7 percent, to $2.31.
NEW YORK— Shares of some top construction companies are mixed at 1 p.m.:. Foster Wheeler fell$. 45 or 1.5 percent, to $29.87. Quanta Services Inc. fell$. 29 or. 9 percent, to $31.19.
Apple Inc. rose 1.6 percent to $99.23 with 34,057,600 shares traded. BlackBerry Ltd. rose 6.8 percent to $10.14 with 18,185,800 shares traded. Cisco Systems Inc. fell 1.9 percent to $22.81 with 18,560,800 shares traded.
ConAgra Foods Inc. rose$. 52 or 1.5 percent, to $34.17. General Mills Inc. rose$. 49 or 1.0 percent, to $49.78. Hormel Foods Corp. rose$. 97 or 1.9 percent, to $51.14.
Kelly Services Inc. class A rose$. 17 or 1.1 percent, to $16.25. Korn/Ferry International Inc. fell$. 17 or. 6 percent, to $26.08. ManpowerGroup rose$. 57 or. 9 percent, to $61.48.
NEW YORK— Shares of some top telecom companies are up at 1 p.m.:. AT&T Inc. rose$. 01 or percent, to $34.10. Verizon Communications Inc. rose$. 07 or. 1 percent, to $48.14.
Coca-Cola Co. rose$. 29 or. 7 percent, to $43.17. Dr Pepper Snapple rose $1.38 or 2.2 percent, to $64.47. Molson Coors Brewing Co. fell$. 19 or. 3 percent, to $69.77.
NEW YORK— Shares of some top big-box retail companies are up at 1 p.m.:. Costco Wholesale Corp. rose $2.69 or 2.2 percent, to $127.34. Wal-Mart Stores Inc. rose$. 74 or 1.0 percent, to $74.84.
Boeing rose$. 40 or. 3 percent, to $123.64. Lockheed Martin Corp. fell $2.02 or 1.1 percent, to $174.22. Northrop Grumman Corp. fell $1.02 or. 8 percent, to $123.42.
Caterpillar fell $1.44 or 1.5 percent, to $93.61. Deere& Co. fell $1.03 or 1.2 percent, to $82.26. Terex fell$. 29 or 1.0 percent, to $27.61.
Hecla Mining Co. rose$. 04 or 1.5 percent, to $2.43. Pan American Silver Corp. rose$. 20 or 1.9 percent, to $10.75. Silver Standard Resources Inc. rose$. 12 or 2.2 percent, to $5.68.