U.S. drugmaker Pfizer's new $11 billion share repurchase plan is deflating expectations that it will make a new bid for AstraZeneca.» Read More
Stocks pared losses in the final hour of trading Monday as investors remained shaken in the aftermath of Japan's massive earthquake and tsunami. GE and Verizon fell, while Caterpillar rose.
If history repeats itself, the worldwide stock market could tumble even more this Friday—a week after a Japan was devastated by an earthquake and tsunami, Yale economist Robert Shiller told CNBC Monday.
Stocks slumped as investors assessed how the devastating earthquake and tsunami in Japan would affect U.S. companies and the global economy. GE sank, while Pfizer gained.
U.S. stock index futures pointed to a lower open for Wall Street Monday as investors grew increasingly concerned over the economic impact of the devastating earthquake and tsunami that hit Japan Friday.
Across the country, state officials struggling with big budget shortfalls are trying to get Amazon.com to take on a role it does not want: tax collector, the New York Times reports.
Warren Buffett may have let a 'zebra' get away in recent weeks, but today he hit his target. Berkshire Hathaway says in a news release this morning that it is buying Lubrizol for about $9 billion in cash, plus the assumption of another $700 million in debt.
Berkshire Hathaway has agreed to purchase chemical company Lubrizol in a $9 billion cash deal worth $135 per LZ share, the two companies said Monday.
A wise old fund manager once told me "never trust a man or woman under the age of thirty to manage your money; they ain't seen nothing yet."
The show, dubbed "geek spring break" by some, has grown beyond its music and film roots to become a gathering spot for venture capitalists and some of the biggest stars in the tech world. But as it has grown, it has become more difficult for startups to turn heads.
Across the nation, millions of young people are lying about their ages so they can create accounts on popular sites like Facebook and Myspace, The New York Times reports.
Stocks ended higher for the session, although lower for the week, amid concerns over global growth and Middle East unrest, and and in the wake of a devastating earthquake in Japan. C
Each Friday, The Strategy Session looks for the best opportunities to generate income for your portfolio by bringing on money managers and having them explain their strategies for finding yield. Each Friday, we talk to the Yield Hunters.
Stocks climbed in the last hour of trading as sectors that had been beaten up during the week regained ground, despite a devastating earthquake in Japan. 3M and Caterpillar rose, while Verizon fell.
Stocks turned higher after mixed economic news in the U.S. and China, and in the wake of a massive earthquake in Japan, which has sent Asian and European shares lower and rattled investor confidence already damaged by uncertainty in the Middle East. Alcoa and Exxon rose, while Verizon fell.
U.S. stock index futures continued to slump ahead of the open Friday despite news February retail sales rose in line with expectations but after a massive earthquake hit Japan, sending Asian and European shares lower and rattling investor confidence already damaged by uncertainty in the Middle East.
The US vice-president has warned Russia it risks scaring away investors unless it moves to strengthen the rule of law and introduce political reforms.
American International Group offered on Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. government had taken off the bailed-out insurer's hands during the financial crisis.
On the day that coffee giant Starbucks announced the partnership with single-serve provider Green Mountain, Starbucks CEO and chairman Howard Schultz, stopped short of saying how much investors could expect from the arrangement, but called it a “major opportunity,” whose economics would be accreted next year.
Stocks closed near session lows, and below psychologiclaly important levels, as global worries triggered by European sovereign debt and a slowing in Chinese growth escalated after news of violence against protesters in Saudia Arabia. Caterpillar and Exxon led decliners, while McDonald's rose.
Institutional Shareholder Services, the biggest proxy advisor firm, may be losing its expert grip. One of its key executives just left the firm: Qin Tuminelli, who spearheaded the mergers and acquisitions research. Tuminelli’s leaving comes just a year after the exit of Chris Young, who, as head of M&A and proxy contest research, held the signature slot on most I.S.S. opinions.
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