Valeant (VRX) said it's cutting all ties with Philidor due to allegations relating to the specialty pharmacy's business practices. Meanwhile, billionaire hedge fund manager Bill Ackman, a large Valeant shareholder, holds a conference call this morning. (Reuters)
Seeking an enhanced presence in the Northeast and Mid-Atlantic regions, regional bank KeyCorp (KEY) has agreed to buy First Niagara (FNFG) in a cash and stock deal valued at about $4.1 billion. (Reuters)
AIG (AIG) is considering spinning off or selling its mortgage insurance segment amid pressure from key shareholders, including Carl Icahn and John Paulson, to split the company and reduce regulatory risks. (WSJ)
Volkswagen's rigging of its diesel cars could lead to around 60 deaths in the U.S. by the end of next year, according to research by scientists at Harvard University and the Massachusetts Institute of Technology. (CNBC)
The FAA said a Dynamic Airways plane caught fire Thursday afternoon while taxiing for departure from Florida's Fort Lauderdale-Hollywood International Airport. (CNBC)
The budget blueprint and debt ceiling extension, negotiated with House Republicans, is for ready President Barack Obama's signature, after the Senate passed the measure by a wide margin early this morning. (Reuters)
The State Department is expected another batch of Hillary Clinton's personal emails today, the first since her 10-hour testimony before the House Benghazi panel last week. (USA Today)
For the first time, Iran joins international talks today seeking an end to the four-year Syrian civil war. About a dozen countries are participating, including the U.S., Russia, and Saudi Arabia. (USA Today)
The week concludes with several economic reports, including September personal income and spending at 8:30 a.m. ET; the Chicago purchasing managers index for October at 9:45 a.m. ET; the final October University of Michigan consumer sentiment index at 10 a.m. ET; and the Baker Hughes's weekly oil rig count report at 1 p.m. ET.
Following the Federal Reserve's policy statement this week keeping alive the possibility of a December interest rate hike, San Francisco Fed President John Williams speaks at 10:50 a.m. ET and Kansas City Fed President Esther George speaks at 11:25 a.m. ET.
Following "Spectre," which opens this week overseas and next week in the U.S., the current deal for Sony Pictures to release James Bond movies expires. Several studios are planning to pursue those rights, according to the Wall Street Journal.
Here's a reminder for this weekend: Daylight Saving Time ends at 2 a.m. on Sunday morning, so before bedtime Saturday night turn the clocks back one hour.
LinkedIn (LNKD) was soaring in the premarket, after reporting earnings and revenue well above expectations. The business social network also said it increased its efforts to attract corporate customers.
Billionaire Elon Musk's SolarCity (SCTY) was tanking in premarket trading, after issuing wider-than-expected loss and saying it would focus on cutting its costs and improving its cash flow.
By contrast, First Solar (FSLR) was surging in the premarket, after reporting earnings and revenue that beat forecasts. The company also raised its full year profit guidance.
Deckers Outdoor (DECK) was higher in premarket trading, after a beat on the top and bottom lines. The apparel and footwear maker behind UGG and Teva also gave an upbeat full-year forecast.
LendingClub (LC) was gaining ground in the premarket on its first quarterly profit since going public at the end of 2014. The peer-to-peer marketplace beat estimates on earnings, revenue, and forward guidance.
New England quarterback Tom Brady passed for 356 yards and four touchdowns before a home crowd, as the Patriots cruised to a 36-7 victory over their AFC East rivals, the Miami Dolphins. (NBC Sports)
The World Series is back in New York tonight for Game 3, as the Mets try to get on the board against the Kansas City Royals. When the Mets last won the Fall Classic in 1986, they came back from a 2-0 deficit. (SI)
In its final race, Triple Crown winner American Pharoah looks for an historic "grand slam" in Breeders' Cup Classic in Kentucky tomorrow. Beholder, expected to be second choice in the wagering, was withdrawn Thursday. (Washington Post)