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Stock index futures rose after a better-than-expected rise in housing starts and after good earnings reports from Goldman Sachs and Johnson & Johnson.
As if things weren’t strange enough in the takeover battle for Tenet Healthcare, Monday brings yet more information on the genesis of that scorched earth lawsuit last week from Tenet.
Biotechs are addicted to capital like "crack addicts are addicted to crack," because of the $1 billion-plus price tag that it takes to bring a drug to market, Gregory Brown, founder and managing director of Cowen Healthcare Royalty Partners, told CNBC Monday.
Stocks continued to tumble on news Standard & Poor's has a negative outlook on the U.S.'s long-term debt, citing concerns lawmakers will be unable to come to an agreement to address budgetary challenges.
Stock index futures fell further after news the ratings outlook for the United States was revised to "negative" by Standard & Poor's.
Earlier this month, Molycorp announced it will take a controlling stake in AS Silmet, one of only two rare earth producers in Europe.
Nasdaq OMX Group has said it would consider selling NYSE Euronext’s American Stock Exchange division if it would help smooth its acquisition of the NYSE Euronext, the Wall Street Journal reported, citing people familiar with the matter.
Stocks ended higher as investors took heart from strong economic news and shrugged off disappointing quarterly results ahead of a big week of earnings. Merck and DuPont led the Dow higher, while BofA fell.
Stocks lost a little steam in the final hour of trading as technology companies slid, although investors remained encouraged by several upbeat economic report. Merck and DuPont gained, while BofA fell.
It appears that a lack of cohesion on Schneider’s board of directors regarding the merits of a deal to buy Tyco, may have given pause to its CEO in his attempts to pursue the transaction.
Despite the concern and fear over credit conditions within the municipal bond market, great opportunities still exist because of the tax-equivalent yield investors can earn on a muni bond, according to the senior portfolio manager at Oppenheimer Funds, which has over $26 billion in assets under management.
Nasdaq CEO Robert Greifeld is meeting with hedge funds Friday in New York trying to drum up support for his company’s proposal to purchase the NYSE. Nasdaq is joined in that proposal by its partner ICE, but today’s meeting did not include representatives from that company, something noted by attendees.
Stocks turned modestly higher as investors took heart from upbeat economic news, although weak earnings pressured some sectors of the market. Merck and J&J rose, while BofA fell.
Stock index futures pared losses and turned positive after gains in industrial production and capacity utilization, and after news that consumer prices didn't rise as much as expected in March.
While Nintendo had a lot to brag about in March, the overall video game industry wasn't so fortunate.
Stocks closed mixed after another choppy, low volume session, as the broader market staged a late afternoon rally despite slumping bank and tech stocks. Kraft rose, while JPMorgan fell.
Stocks took a brighter tone in the last hour of trading as the broader market gained, although banks and tech stocks remained lower. Coca Cola rose, while JPMorgan fell.
Eli Lilly will continue to buy biopharma and animal health companies in order to grow after patents on some of its best-selling drugs expire, its chief executive said Thursday.
Stocks turned weaker again in the wake of disappointing economic news, and ahead of major earnings releases. JPMorgan and HP fell, while Kraft gained.
Stock index futures held losses after a surprising jump in jobless claims, and slightly stronger gain in core producer prices.
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