Pfizer's attempt to take over AstraZeneca through a $110 billion bid would have run aground on changes to U.S. tax laws, even if the companies had reached a deal.» Read More
CNBC's Michelle Caruso-Cabrera offers insight on developments in the euro zone crisis. Meanwhile the banking sector continues to face headwinds, with some saying that earnings growth for the industry will remain subdued for some time to come, with Kelly King, BB&T chairman & CEO, and Chris Whalen, Tangent Capital.
Guy Wolf, Marex Spectron, says the EU never gained a democratic mandate, and adds that the debt crisis will not pass for another 20 years.
European leaders are convening in Brussels today for the second day of the EU Summit, with Guy Wolf, Marex Spectron.
European equities opened the last day of the week positively, responding to decisions made at the EU Summit, with CNBC's Kelly Evans.
Euro zone leaders agreed to radically restructure Spain’s 100 bilion euros ($125.9 billion) bank recapitalisation plan, allowing EU bailout funds to eventually be injected directly into teetering Spanish financial institutions, meaning Madrid can sweep the burden of the bailouts off its sovereign books.
Global investment banks are bracing themselves for a dismal second half, with further cuts in costs and staff, after a sharp drop in dealmaking and capital markets activity pushed down fees in the second quarter to their worst level in three year, the Financial Times reports.
Even as markets cheered the agreement by European leaders to allow the direct use of the bloc’s bailout funds to recapitalize struggling banks, well-known investor Jim Rogers told CNBC the move does nothing to help solve the region’s biggest problem, which is its high debt levels.
Soft commodities such as soy and corn should be used by investors to protect against inflation in the same way as gold, according to the founding partner of GAIA Capital, John Coast Sullenger.
Nike misses earnings; RIM posts a larger than expected loss; Ford says it's feeling the effects of the European economy and Coty nears IPO.
Charles-Edouard Bouee, President, Asia, Roland Berger says systemic risk in Europe has been declining and expects some progress from the EU Summit.
Tony Nash, Managing Director, IHS Global Services discusses the U.S. Supreme Court's ruling on the health care law. He says it was more of a political decision than an economic one.
Jonathan Barratt, CEO & Founder, Barratt's Bulletin says that gold is losing its safe haven appeal.
Luz Padilla, Fund Manager at DoubleLine says she turned defensive in April after realizing that the EU debt crisis wasn't going to change for the better.
With earnings season just around the corner, Cramer sheds some light on what to expect from six key sectors.
Arthur Hogan, Managing Director and Head of Product Strategy at Lazard Capital Markets says market expectations for an outcome from the EU summit are low.
According to the Dow Jones, Italy will not sign off on the growth pact until there is a deal reached on the bond buying proposal, reports CNBC's Michelle Caruso-Cabrera.
EU officials have agreed to spend 120 billion euros for "immediate growth measures," reports CNBC's Michelle Caruso-Cabrera.
Weighing in on what investors should be watching in tomorrow's markets, with Peter Boockvar, Miller Tabak Company; John Spallanzani, GFI Group; and Brian Edmonds, Cantor Fitzgerald.
With serious talks underway in some countries about the merits of staying in the euro, this strategist says it may be time to price in a possible breakup.
John Brady, R.J. O'Brien, offers insight on the economy, markets and currencies.
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Russian billionaire, Alisher Usmanov, talks about his love of fencing and how it helped him in the investment and business world.
If Switzerland votes "yes" in the Swiss gold referendum, this could compromise the central bank's credibility and its ability to maintain its currency cap, says Nitesh Shah, gold analyst at ETF Securities.
Tony Hicks, chief international officer at LeapFrog, says toy sales escalate in November and December.