Today's Best Market Rumors (7/16/2012) GlaxoSmithKline Buys Human Genome Sciences

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 a settlement on money laundering for drug cartel charges. (WSJ)

Douglas A. McIntyre

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.