AstraZeneca is set to acquire Omthera Pharmaceuticals in an effort to increase its cardiovascular medicine business. The acquisition, which is worth around $443 million, highlights the determination of Pascal Soriot to give the company a boost through a number of well-planned acquisitions. The acquisition of the fish oil-derived drug maker is the second acquisition of […]
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk revealed through a Twitter message that the loan of the company may be able to repay its loan from the US Department of Energy by Wednesday. Musk also revealed that it will make another announcement about the charging station network of the company to next week. Musk owns […]
Monday saw shares of Tesla Motors Inc (NASDAQ:TSLA) continue their upward surge as it went up by 14.4 percent. Shares of the company have increased by 57 percent after the company reported its first-quarter earnings. The recent increase follows the gleaming review the Tesla Model S received from Consumer Reports magazine. The earnings report elated […]
Advances in financial shares provided the momentum for the S&P 500 (INDEXSP:.INX) as it closed at a record high. This follows the settlement between the Bank of America (NYSE:BAC) and MBIA (NYSE:MBI). Shares of MBIA and the Bank of America went up following the announcement of the latter that it will settle claims with the […]
Sales and profit for Herbalife Ltd. (NYSE:HLF) surpassed expectations of analysts as shown in a report that was released recently. The earnings of the company reached $118.8 million for the first quarter or around $1.10 per share. This is higher than the $108.2 million and $0.88 per share earned by the company during the same […]
The nine percent decline in gold prices last Monday was the biggest one-day drop in over three decades as it went down by $140.30. The price of gold has been declining ever since August 2011, when it reached its peak of around $1,900. The current price of gold went down to $1,361 after this recent […]
The company that acquired Chrysler LLC, Cerberus Capital Management, is set to purchase a good volume of securities that are linked to commercial mortgages, sources have indicated. The private-equity company operating hedge funds revealed to investors the increasing use of debt in the market for commercial real estate. However, it appears that it is among […]
The ownership of businesses, which were previously owned by Merrill Lynch, in Monaco, Luxembourg, Uruguay, and Chile have been transferred already by the Julius Baer Gruppe AG (VTX:BAER). This comes as the company integrates the wealth management businesses that the company acquired from the US-based bank. The transfers are expected to increase the business of […]
The Nasdaq plan of paying trading companies $62 million for losses they incurred during the failed public offering of Facebook (NASDAQ:FB) was approved by the Securities and Exchange Commission. The combined losses of four major trading companies reached $500 million. Technical issues in at the Nasdaq resulted to the losses to Citadel, Citigroup (NYSE:C), UBS […]
New house permits and groundbreakings rose in February to pre-recession levels not seen since 2008, in what is a clear sign that the United States housing market is beginning to recover, and is also gathering quite some steam. This Tuesday a statement from the Commerce Department showed that starts at building sites were up by […]
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