Updated throughout the day on the 24/7 Wall St. Wire: GlaxoSmithKline (NYSE: GSK) will buy Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. (Reuters) The Justic Department and HSBC (NYSE: HBC) are close to…
Much of the financial future of Europe is still caught in a web of the political movements of Germany’s Angela Merkel. Today, the possibility that her own party will not support a Spanish bank bailout…
Several reports indicate that GlaxoSmithKline (NYSE: GSK) will buy Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. The two companies have battled over the price for several months. GSK believes it needs the latest…
The Strait of Hormuz just became much less important to the transport of oil to countries that import crude. There has been much concern that if the strait was blocked by Iran’s navy in…
Much of the financial future of Europe is still caught in a web of the political movements of Germany’s Angela Merkel. Today, the possibility that her own party will not support a Spanish bank…
The National Association for Business Economics (NABE) released its most recent forecast for company optimism. The results were another example of how much U.S. gross domestic product has suddenly slowed in the eyes of corporate…
If Bloomberg’s reporters are correct, Boeing’s (NYSE: BA) CEO James McNerney, who is also chairman of the Procter & Gamble (NYSE: PG) board of directors compensation and leadership development committee, has pressed to oust Robert McDonald, the consumer products firm’s…
Martha Stewart Living Omnivision’s (NYSE: MSO) new CEO, Lisa Gersh, was given a restricted stock unit award last week in respect of 64,395 shares of MSLO Class A Common Stock. The corporation announced: In making such determination,…
GlaxoSmithKline (NYSE: GSK) will take over Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. (Reuters) A poll from the National Association for Business Economics shows few companies plan to hire new workers. (Reuters) Lenovo may…
Premier Wen Jiabao warned about China’s near-term growth prospects. China’s PMI and Q2 GDP already show an economy that has at the very least dropped below traditional annual improvement. “The economic growth rate is still…
Research In Motion (NASDAQ: RIMM) lost a crucial patent case to Mformation on Friday. Damages levied after the trail in the U.S. District Court for the Northern District of California were $147.2 million. RIM…
NokiaNokia (NYSE: NOK) has cut the price of its flagship Lumia 900 in half to $49.99. The smartphone is available, among other places at AT&T’s (NYSE: T) as a “web only” special. The price change…
Research firm NPD reported that video game sales fell 29% in June to $699.8 million. Hardware sales dropped 45% year-over-year. This was despite the release of the new Nintendo 3DS. “The 3DS is still…
A two-notch rate cut of Italy’s sovereign debt by Moody’s from to Baa2 from A3 has not kept global capital markets investors from some small optimism about the country’s prospects. Italy sold $3.1 billion…
Thirty-year mortgage rates fell to a low that has not been seen since numbers were first recorded in the 1980s. The rate reached 3.56%. Will that rate help the housing market? So far, the…
Moody’s issued its cleverly titled “Summer of Discontent” analysis of the global economic situation. The comments about the next quarter were dire, but, as usually, the rating agency was late in its evaluation and…
Italy is at the mid-point of economic expansion, or lack of it, among European nations. The fates of Greece, Portugal and Spain are set and depressed, probably for years. France, Germany and northern European nations…
The new Yahoo! (NASDAQ: YHOO) board is different from the one that turned down a rich buyout offer from Microsoft (NASDAQ: MSFT), different from the one that hired Carol Bartz as CEO, and different…
Thirty-year mortgage rates fell to a low that has not been seen since numbers were first recorded in the 1980s. The rate reached 3.56%. Will that rate help the housing market? So far, the…
Moody’s cuts Italy’s rating by two notches and indicates the cuts may not be finished. (Reuters) Treasury Secretary Geithner pressed UK regulators on Libor in 2008. (Reuters) A hack of Yahoo!’s (NASDAQ: YHOO) email…