Allergan has repeatedly rejected Valeant's offers to buy the company, the latest for about $53 billion in cash and stock, saying Valeant is substantially undervaluing the company and that an independent Allergan can generate more value for shareholders.» Read More
HONOLULU-- A 20- cent jump overnight in California gas prices has put the state ahead of Hawaii for the nation's most expensive gas. In California, prices have jumped 40 cents in a week as refinery problems created shortages.
Malloy, who rolled out the new policy in a speech in Cromwell to Connecticut's largest business group, tied together the environment, energy and the economy. Policy makers can make Connecticut more competitive for business by cutting the cost of electricity for homes and businesses, he said.
Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,398 rigs were exploring for oil and 437 were searching for gas. Of the major oil- and gas-producing states, Texas lost 10 rigs, Louisiana and North Dakota each dropped by three and Alaska and Oklahoma were down two apiece.
KERNERSVILLE, N.C.-- A partnership between two behemoth builders of excavating machinery said Friday it plans to add 340 jobs at a North Carolina plant in return for incentives of more than $5 million while promising salaries below the local average.
WASHINGTON-- A new estimate puts the deficit for the just-completed 2012 budget year at $1.1 trillion, the fourth straight year of trillion dollar deficits on President Barack Obama's watch.
RICHMOND, Va.-- Virginia's poultry industry provides nearly 14,000 jobs and has an economic impact totaling more than $8 billion, according to a study released Friday. The report found that the poultry and egg industries in Virginia provide 13,480 direct jobs and indirectly contribute to a total of 41,710 jobs.
CLEVELAND-- Parker Hannifin Corp. said Friday that it is buying Velcon Filters LLC from a private equity firm for an undisclosed price. Velcon, based in Colorado Springs, Colo., is owned by The Sterling Group LP and has approximately 300 employees globally.
DENVER-- A subsidiary of Hitachi Ltd. will open a research and development center in suburban Denver in a move expected to create hundreds of new jobs during the next five years, it was announced Friday.
NEW YORK-- Dutch chip maker NXP Semiconductors on Friday inadvertently re-released a statement narrowing its third-quarter adjusted earnings and revenue forecasts. The company originally said on Sept. 13 that it anticipates adjusted earnings between 53 cents and 59 cents per share. Its prior guidance, issued July 24, was for 50 cents to 62 cents per share.
OMAHA, Neb.-- The Nebraska Supreme Court on Friday upheld the dismissal of a lawsuit brought by an Omaha man convicted of investment fraud against his former business attorney. On Friday, the Nebraska Supreme Court agreed and upheld the dismissal.
SAN JOSE, Calif.-- Tessera Technologies Inc., which licenses miniaturization technology for electronic devices, says that it will give its CEO options to buy 550,000 shares of its stock if the company successfully spins off one of its business segments.
TEMA, Ghana-- Ghanaian officials on Friday refused to release an Argentine naval ship that was seized in the West African nation due to a complaint by a U.S. hedge fund. Officials of the Ghana Ports and Harbors Authority told The Associated Press they will release the ship only after they receive a court order.
TALLAHASSEE, Fla.-- An appellate court is urging the Florida Legislature to reconsider a state law that makes injured employees pay employers' legal costs if they lose good faith workers compensation appeals. A three-judge panel of the 1st District Court of Appeal in Tallahassee made that recommendation Friday in upholding such an order.
WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.
CONCORD, N.H.-- The New Hampshire Department of Health says it's not aware of any illnesses in the state associated with the recall of ready-to-eat bags of select flavors of popcorn. Manufacturer Dale and Thomas Popcorn is voluntarily recalling select flavors of Popcorn, Indiana- brand products because of possible Listeria contamination.
Park Ridge, N.J.- based Hertz is in the process of acquiring Tulsa, Okla.- based Dollar Thrifty Automotive Group Inc. for $87.50 per share, or about $2.3 billion. The offer, which was previously set to expire on Friday, will now expire on Oct. 22, Hertz said. Hertz shares fell 2 cents to $14.54 in midday trading Friday.
DALLAS-- Southwest Airlines Co. was left at the gate when other airline stocks rose strongly on Friday morning after the company gave a weak report on September traffic and revenue trends. THE SPARK: Southwest, which also operates AirTran Airways, said September traffic dropped by 2.1 percent and a key revenue measure fell by 2 to 3 percent.
A group of entrepreneurs calling themselves "pigeons" _ French slang for someone who has been taken advantage of _ have mounted a campaign on Facebook and Twitter against a new law that will tax investments along the same lines as salaries _ on a sliding scale _meaning they would have to pay a lot more.
WASHINGTON-- Salmonella has been found in a New Mexico plant that produces nut butters for retailer Trader Joe's and several other large national grocery chains, the Food and Drug Administration said Friday.
FAIRFAX, Va.-- President Barack Obama says an encouraging jobs report shows that the country has made too much progress to turn back to the policies that he says led the nation into an economic crisis. At a campaign event in suburban Washington, Obama said the report was "a reminder that this country has come too far to turn back now."