U.S. stocks rose on Thursday as Greece moved closer to concluding a bond swap with private creditors that is needed to avoid a messy default. The S&P 500 continued to claw back from a string of losses that drove the index down more than 2 percent in three sessions. Even ...
Stocks closed mixed Friday after a pair of bellwether corporate earnings fell short of lofty expectations, though a trio of strong results from Dow components kept the blue-chip average in positive territory. Investors also kept an eye on Greece, where a debt deal appeared to be close. IBM and other technology ...
Location: Southern Berkshire, Mass. In the small mountain community of Southern Berkshire, Mass., residents can exchange U.S. greenbacks for colorful bills called “BerkShares” and use them at more than 400 local businesses. BerkShares come in 1-, 5-, 10-, 20- and 50-unit denominations. The exchange rate is 95 U.S. dollars to ...
Bristol-Myers Squibb’s late-in-the-weekend announcement that it would purchase hepatitis C drug developer Inhibitex for $2.5 billion, or $26 a share in cash caps off an amazing twelve months for some select biotechnology stocks. Click here for the press release announcing the deal.
OMAHA, Neb. — Berkshire Hathaway Inc. has completed the purchase of company chairman Warren Buffett’s hometown newspaper, the Omaha World-Herald. The deal announced Nov. 30, for $150 million and the assumption of $50 million in debt, ended one of the newspaper industry’s last sizable employee-ownership plans. World-Herald spokesman Joel Long ...
U.S. District Judge Ellen Segal Huvelle quickly approved their motion to cancel their February trial and set a Jan. 18 hearing about the future of the deal. The development comes as the $39 billion deal is under increasing government opposition, with analysts now giving it a slim chance of going ...
NEW YORK (CNNMoney) — Facebook has acquired location sharing service Gowalla for an undisclosed sum, according to a source close to Gowalla. Facebook declined to comment on the deal. “We don’t comment on rumor and speculation,” a company spokesman said. Most of Gowalla’s employees, including founder Josh Williams, will move ...
OMAHA, Neb. — Warren Buffett’s Berkshire Hathaway said Wednesday that it is buying the Omaha World-Herald Co. and expanding the firm’s newspaper holdings despite Buffett’s misgivings about the industry. Berkshire said that it had agreed to buy Buffett’s hometown newspaper. Terms of the deal, which must be approved by the ...
NEW YORK (CNNMoney) — Groupon is poised to start trading publicly, but the road to an initial public offering for the popular daily deals site has been rocky — and one that skeptics say is reminiscent of the dot-com bubble. Groupon is slated to price its IPO late Thursday and ...
MF Global Chief Executive Jon Corzine blew his chances for a buyout deal with Interactive Brokers because of this firm’s “possible deficiences” in accounting. NEW YORK (CNNMoney) — Money was found missing from the books of MF Global, a discrepancy that cost the brokerage a potential deal with Interactive Brokers ...
Chancellor Angela Merkel of Germany with France’s president, Nicolas Sarkozy, in Berlin on Oct. 9. The two leaders met again this week, but could not agree on how to use the bailout fund or the role of the European Central Bank. PARIS — European leaders were struggling on Friday to ...
Stocks extended their three-day rally Tuesday, although the day’s big gains faded late in the trading session as investors began to waver in their optimism over a potential European debt deal. TheDow Jones industrial average had been upmore than 300 points before gains faded in the final hour of trading.According ...
NEW YORK (CNNMoney) — In a massive merger of prescription drug benefits managers, Express Scripts announced Thursday that it signed a $29 billion deal to buy Medco Health Solutions. The companies said that Medco shareholders will receive $71.36 per share, in cash and stock, based on the Wednesday closing price, ...
TORONTO: The London and Toronto stock exchanges abandoned plans for a C$3.6 bn merger on Wednesday, as it became clear they would not win enough shareholder support for their transatlantic alliance . In brief statements issued just one day before a shareholder vote, the exchanges said they realized TMX Group ...
COMPUTERSHARE stock spiked 8 per cent yesterday as it promised to restore its acquisition magic with the $US550 million ($503.75m) purchase of Bank of New York Mellon’s shareholder services business. The world’s largest share registry operator said it would reap $US70m in synergy benefits from BNY Mellon, its biggest acquisition, ...
Hansjorg Wyss This 2007 photo provided by the Wyss Foundation shows Hansjorg Wyss at Martha’s Vineyard, Mass. In recent years the publicity-shy billionaire who grew up in Switzerland, has quietly donated tens of millions of dollars to the preservation of pristine areas of Idaho, Nevada, Utah and other states. Now, ...
NYSE Euronext said that its board decided to turn down the offer, which was submitted earlier this month, because it was “highly conditional” and would have caused unnecessary risk for shareholders. The company said it is sticking with its plan to combine with German exchange operator Deutsche Boerse AG. NYSE ...
