The $160-billion stock deal will push the combined companies, to be called Pfizer Plc and based in Ireland, past Switzerland’s Novartis to the top of the drug industry, based on annual sales of about $60 billion.
Puerto Rico Justice Secretary Cesar Miranda acknowledged that some might view Puerto Rico’s move as a technical default since the government is diverting money meant for future bond payments. The government has been withholding payments to suppliers and tax rebates to...
But Kara Swisher, the well-sourced editor of Re/code, dismissed those reports in her story on Wednesday morning, attributing them to the Silicon Valley gossip mill. The article states Yahoo’s board is planning a series of meetings throughout the rest of this week to...
One OPEC delegate, who asked not to be named, said raising the ceiling to 31 million bpd would be discussed at the December 4 meeting and added he saw no impact on prices because Indonesian supply would simply be taken from non-OPEC to OPEC. “So to use the Saudis’ own...
“Because Missouri is a hub for our nation’s railways, highways, and waterways, it is imperative that our transportation planners and industry have the long-term certainty they need to promote investment, ensure the safety and reliability of existing infrastructure,...
The report says that United meant to let current boss Louis van Gaal see out his contract until 2017, but that managerial movements this summer may change their mind. They are both fine footballers, but they play similar games and United would be better going forward with Herrera...
The Yahoo board has a series of meetings from Wednesday to Friday in which it is discussing options over how to move forward on its lucrative stake in Chinese e-commerce firm Alibaba Group.
“We will reveal it to the world”, Erdogan said in a televised address in Ankara. They did not, however, provide any evidence to back up the claims of personal involvement of Erdogan and his family in the illegal oil trade.
Norfolk Southern Corp. soundly rejected Canadian Pacific Railway Ltd.’s more than $28 billion offer, saying the combination of the two companies would create a “smaller, geographically inferior” railroad to those that would result from mergers triggered by the deal.
Finally, Citigroup Inc. reiterated a “buy” rating and set a $48.00 price objective on shares of PBF Energy in a research report on Thursday, October 22nd. Of late, the company has been divesting a number of its assets, particularly those that do not fit into its...
Such a sale would mark an abrupt change of plans at the company, which has been trying to revitalize its business for more than three years under CEO Marissa Mayer, while spinning off the ancillary Asian investments in a transaction expected to close in January. Mayer did bring...
The cosmetics company has been struggling for years because its door-to-door business model became less effective and its sales were recently hurt by the strength of the dollar particularly in emerging markets. Barington intends to nominate a slate of director candidates for the...
“There’s nothing in the details that suggests anything other than a healthy and rapidly growing labor market”, said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott.