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
IDC said Tuesday that it expects that the iPhone 8 will "spur a major upgrade cycle" in 2018 and drive iPhone shipments up by 9.1 percent.
The research firm said iPhone shipments were down 7 percent in 2016 and are on pace to grow just 1.5 percent this year. While there are reports of delays related to the iPhone 8, IDC said that "a majority of the shipments are likely to land in early 2018," suggesting that consumers are going to jump at the chance to buy Apple's new iPhone.
A large part of the growth is attributed to smartphone upgrades. Despite new carrier plans which encourage consumers to lease smartphones with device installment plans for frequent upgrades, IDC says most consumers are going to continue to upgrade their smartphones "roughly every two years."
IDC's report shows that Android still has the lion's share of the global smartphone market with an 85.2 percent grip, up 2.3 percent from last year. The iOS operating system has a 14.6 percent share, up 1.5 percent from last year.
Apple is expected to introduce the iPhone 8, in addition to the iPhone 7s and iPhone 7s Plus, in September.