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Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
Amazon announces that Amazon Prime Day will last for two days, starting July 15.Technologyread more
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Investors are piling into gold, sending the precious metal to a six-year high on Monday, and analysts think the commodity has established a base to go even higher.Marketsread more
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Gold prices hit their highest level in six years on Tuesday as investors plowed into the precious metal amid the prospects of lower interest rates and tensions between Iran...Marketsread more
In a new interview with CBS's Gayle King, Adam Mosseri addressed a common suspicion about how Instagram targets ads.Technologyread more
Carl Icahn has cut his stake in discount retailer Family Dollar Stores to 6.03 percent as of Tuesday from a previously reported stake of around 9.39 percent, according to a Securities and Exchange Commission filing.
In the filing, Ichan said he was cutting his stake rather than waiting for the chain's deal with Dollar Tree to close or for a higher bid from another business.
He said the decision to dispose the shares came after "concluding that better returns can be achieved by deploying capital elsewhere."
On Monday, rival discounter Dollar Tree said it plans to acquire Family Dollar for $8.5 billion, a move that would make it the biggest player in the dollar store space.
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