The ADP jobs report and a key manufacturing survey may show the lingering impact of the harsh winter weather that snuffed out first-quarter growth.» Read More
March 31- Comcast Corp Chief Financial Officer Michael Angelakis will leave his position to head a new investment arm with up to $4.1 billion to invest in growth-oriented companies, Comcast said on Tuesday. Philadelphia- based Comcast, which already has a venture capital arm through Comcast Ventures, said the new company would begin operations in 2015 or early...
Apple Inc. fell 1.5 percent to $124.43 with 40,030,100 shares traded. BlackBerry Ltd. rose 1.5 percent to $8.93 with 17,688,600 shares traded. Cisco Systems Inc. rose. 3 percent to $27.53 with 26,892,700 shares traded.
*UnitedHealth unit to buy Catamaran; Horizon to buy Hyperion. Among the deal news, OptumRx Corp, a unit of UnitedHealth Group, agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth $12.78 billion. Shares of UnitedHealth, a Dow component, rose 2.7 percent to $121.17 while U.S. shares of Catamaran added 24 percent to $60.12.
Altera Corp. fell 3.5 percent to $42.82 with 34,069,600 shares traded. Apple Inc. rose 2.5 percent to $126.37 with 46,144,400 shares traded. BlackBerry Ltd. fell 7.0 percent to $8.80 with 32,692,400 shares traded.
This year is on track to surpass the record set in 2014 for M&A. "Merger Monday" is back. Here's how to trade it.
A trader made over $2 million in just 28 minutes, playing what could be one of the biggest tech deals this year.
*UnitedHealth unit to buy Catamaran; Horizon to buy Hyperion. NEW YORK, March 30- U.S. stocks rallied more than 1 percent on Monday, with biotech stocks among the most active names amid a number of major deals in the space. Stock markets will be closed for the Good Friday holiday, leaving investors unable to trade on the jobs data until the following week.
*Yoox rises on Net-A-Porter talks. Shares in European technology stocks such as Infineon, STMicroelectronics and ASML were all up 2-3 percent on Monday. Signs of merger and acquisition activity also pushed up the shares of Yoox by 9.4 percent, after Yoox and Richemont's Net-a-Porter confirmed merger talks to create an industry leader in the fast-growing...
*M&A deal lifts sentiment; UnitedHealth unit to buy Catamaran. Oil prices volatile amid potential deal with Iran. Despite that, energy shares could come under pressure as crude oil fell on a possible deal with Iran, which could bring an end to sanctions and allow an increase in the country's oil exports.
Some of the names on the move ahead of the open.
*M&A deal lifts sentiment; UnitedHealth unit to buy Catamaran. NEW YORK, March 30- U.S. stock index futures rose on Monday, pointing to a second straight daily gain as a trio of M&A deals lifted sentiment after a recent bout of weakness. *In deal news, OptumRx Corp, a unit of UnitedHealth Group, agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth $12.78...
Shares in European technology stocks such as Infineon, STMicroelectronics and ASML were all up between 2-3 percent on Monday. U.S. tech stocks had climbed on Friday after news of Intel's talks to buy fellow chipmaker Altera in a deal likely to top $10 billion. Intel shares jumped 6.4 percent while Altera shares surged 28.4 percent.
*FTSE 100 up 0.6 pct. ARM rose 2.4 percent, the top FTSE 100 riser, recovering after dropping 10 percent in two days last week. The broader FTSE 100 also recovered from a weekly fall, up 55.98 points, or 0.6 percent, at 6,911.00 by 0813 GMT, after dropping 2.4 percent last week.
*Lafarge drops as two Holcim shareholders reject revised deal. U.S. tech stocks climbed on Friday after news that Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion. Intel shares jumped 6.4 percent while Altera shares surged 28.4 percent.
PARIS, March 30- European stocks rose early on Monday, bouncing back from last week's losses with tech shares rallying after news of merger talks in the sector spurred a late-session rally on Wall Street on Friday. Infineon, STMicroelectronics, ARM and ASML were up 1.6 percent to 2.3 percent. U.S. tech shares climbed on Friday after news that Intel Corp is in talks to...
*Asia shares subdued as Wall St ekes out slight bounce. SYDNEY, March 30- Asian markets got off to a. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.2 percent.
Jim Cramer saw the proximate cause of this week's decline to these stocks. Now they're showing signs of life.
“Mad Money” host Jim Cramer sees a pulse back in biotechs. Time to jump in?
March 27- Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector. The acquisition of Altera, which makes programmable chips widely used in cellphone towers, the...
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. The Dow Chemical Co., up $1.32 to $47.76. Carnival Corp., up $2.70 to $47.12.