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
"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Reports of tensions may have been sparked by Kraft Heinz's underperformance and because of accounting problems at the packaged goods company.Investingread more
SpaceX used its high speed boat called "Ms. Tree" to catch the nosecone its Falcon 9 rocket after Monday's launch.Investing in Spaceread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
The 14 money managers in the inaugural Squawk Box Portfolio challenge, who together oversee more than $160 billion, believe better times are ahead for the brave few nonindexers left on Wall Street in 2015. The group sees small caps, Apple and Google as ways to top the benchmark.
It's been tough times for those plying the stock-picking trade with just 19 percent of active mutual fund managers beating their benchmark last year, according to Bank of America Merrill Lynch. This poor performance comes during a roaring bull market entering its sixth year.
"As passive investing in ETFs exaggerates the normal inefficacies by increasing the short-term correlations among small and midsize stocks, bottom-up research becomes more rewarding," said Craig Hodges, a member of the Squawk Box Portfolio roster this year and CEO of Hodges Capital. Stock picking will come back this year "due in part to the prolific growth in ETFs, which has created opportunities for active portfolio management."
Hodges may be on to something because as volatility has increased in the fourth quarter and first days of 2015, so too has active management. In December, 43 percent of active large-cap mutual fund managers beat the , according to Bank of America.