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 Greek government can make wage and pension payments next week with or without a deal with European creditors, the country's economy minister told CNBC on Tuesday.
Giorgos Stathakis also said the the country would request emergency aid of between 18 and 24 months with the European Stability Mechanism rescue fund on Wednesday.
Greek pensioners, already under pressure due to capital controls that limit their bank withdrawals, have been watching closely to see if the government could even make the next scheduled payment. Stathakis indicated it was possible.
"As long as we end on abalanced budget, yes, " he said in an interview.
He also said Greece was seeking a medium-term financing deal from Europe.
"The discussions, up until last week, looking forward for a solution duration of 18 months until the end of '16. And I think this would be the ideal solution, " Stathakis said on Tuesday, adding that anything less than that would "keep uncertainty about."
EU leaders are likely to hold a summit on Sunday to consider the Greek question, a source said.
Stathakis was not ready to concede, though, that Greece would have to agree to a tougher deal now than the one that was on the table two weeks ago.
"I think we should take into consideration the Greek referendum and try to find a more balanced approach, a more compromised approach that would also find, produce less austerity because this is the message and a more viable solution to the Greek problem," he said.