AbbVie is walking away from its proposed $55 billion takeover bid of Shire and has agreed to pay the rival drugmaker a $1.64 billion breakup fee.» Read More
Glencore is set to pay a larger premium than expected to seal its long-coveted merger with Xstrata, a move designed to defuse concerns among Xstrata investors about a cozy deal between the chief executives of the two companies. The Financial Times reports.
Stocks ended near session highs Friday, with the Dow finishing at its best level since May 2008, buoyed by a monthly government employment report that blew past estimates and a handful of impressive economic news.
US stock index futures surged following a monthly government employment report that blew past estimates.
Stocks ended narrowly mixed in a lackluster session Thursday following a handful of mixed earnings reports, decline in weekly jobless claims and ahead of the government's monthly employment report due Friday morning.
U.S. stock index futures turned positive Thursday following news that jobless claims fell and as investors digested a handful of mixed earnings news.
Stocks kicked off the first trading day of February with a bang, extending their robust rally from the previous month, boosted by some positive global economic news in addition to a report that Greece and its private creditors may soon agree upon a deal.
US stock index futures indicated a sharply higher open for Wall Street, with spirits lifted by a possible announcement of an IPO by Facebook and ahead of various data on unemployment.
Stocks came off their worst levels but still finished narrowly mixed Tuesday, after a handful of disappointing economic news weighed on the market. Despite the session's lackluster performance, the Dow and S&P are still posted their best January since 1997. In addition, all three major averages logged their best monthly gains since October.
U.S. stock index futures held their early gains Tuesday as investors seemed unfazed following a report that showed home prices continued to decline. Futures were buoyed by renewed hopes for a deal between Greece and private sector creditors, and after the approval of a new euro zone budget discipline pact.
Stocks cut most of their earlier losses, but still finished in negative territory Monday as ongoing worries over the euro zone debt crisis kept investors from fully jumping in.
Jim Cramer’s researcher, Nicole Urken, takes a look at some recent data points that point to optimism for the macro economy.
Stock index futures slumped Monday, tracking losses in Europe and Asia, amid renewed worries over a second bailout package for Greece.
US Airways shares are higher on a report that Delta Airlines is considering buying the world's No. 5 airline, as the industry moves aggressively toward consolidation.
Stocks finished mixed Friday, as investors digested a handful of tepid earnings and economic reports in addition to ongoing jitters in the euro zone. The S&P and Nasdaq posted their fourth weekly gains, while the Dow finished in negative territory for the week.
U.S. stock index futures retreated Friday, erasing their early gains, after the GDP report showed the economy grew less than expected in the fourth-quarter.
Stocks finished lower in thin trading Thursday following a disappointing new home sales report and as earlier enthusiasm faded over the Fed's decision to hold interest rates near zero until at least 2014.
U.S. stock index futures held their gains Thursday following a strong durable goods orders news and despite a report that showed weekly jobless claims gained slightly in the previous week.
Stocks ended near session highs Wednesday, reversing their early declines, as the market cheered news that the Fed will not raise interest rates until at least 2014 in addition to maintaining its highly accommodative stance to support the recovery.
Hedge funds that in the last month or so have purchased an estimated 4 billion euros ($5.2 billion) of beaten down Greek bonds that mature on March 20 are now trying to unload their positions, according to brokers and traders. The New York Times reports.
Get ready for a busy year of media mergers and acquisition activity – that’s the headline from PwC’s Entertainment and Media Report.
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