Billionaire buy-and-hold investor Ron Baron said Tuesday he believes stocks are cheap because people are still afraid to put money in the market in the wake of the financial crisis. (CNBC)
Valeant (VRX), under scrutiny for business and accounting practices, reported this morning a lower-than-expected quarterly profit, in its long-delayed earnings report. The drugmaker also cut its full-year earnings and revenue forecast. (CNBC)
Seen as the leading contender, Verizon (VZ) planned to submit a second-round auction offer of $3 billion for the core internet business of struggling Yahoo (YHOO), which is expected to hold at least one additional round of bidding. (WSJ)
Apple (AAPL) sold a 30-year U.S. dollar bond in Taiwan at a yield of 4.15 percent, lower than other recent bond issues by multinationals like Intel (INTC) and Anheuser-Busch Inbev (BUD). Apple is looking to raise up to $1.2 billion. (Reuters)
Four Cisco Systems (CSCO) executives, who created some of the networking company's biggest hit products, are resigning, in an apparent disagreement with their roles under a recent reorganization. The Wall Street Journal cites an internal memo.
FedEx (FDX) is raising its quarterly dividend by 60 percent to 40 cents a share. The hike is significantly higher than the delivery company's past two dividend increases. (WSJ-subscription)
U.S. investigators are reportedly examining whether Goldman Sachs (GS) violated the Bank Secrecy Act when it didn't inform regulators about a potentially suspicious transaction involving Malaysia's embattled state fund 1MDB. (WSJ)
A car bomb ripped through a police bus in central Istanbul during this morning's rush hour, killing 11 people and wounding 36 others near the main tourist district, a major university, and the mayor's office. There was no immediate claim of responsibility. (Reuters)