GlaxoSmithKline PLC is close to a deal to buy U.S. skincare specialist Stiefel Laboratories for about $3 billion, the Wall Street Journal said on its website on Sunday, citing unnamed sources.
A torrent of earnings this week threatens to swamp Wall Street's impressive rally, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
A torrent of earnings this week threatens to swamp Wall Street's impressive rally, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
A torrent of earnings this week threatens to swamp Wall Street's impressive rally, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Swiss bank UBS , under pressure from an international campaign against tax evasion, wants to drop accounts for undeclared cash from Europe Union clients, Sonntagszeitung newspaper reported on Sunday.
A torrent of earnings threatens to swamp Wall Street's impressive rally next week, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.
Venture capital investment into start-ups dropped to its lowest level since 1997 in the U.S., with clean technology hit the worst, new figures showed on Friday.
A plan for the restructuring of MGM Mirage , suggested by investor Carl Icahn, would involve swapping debt for equity and be done in concert with Kirk Kerkorian, MGM's majority shareholder, a source familiar with the situation said on Friday.
U.S. President Barack Obama stood by his auto task force head on Friday, saying Steven Rattner had not been accused of any wrongdoing related to an alleged pension kickback scheme in New York.
Citigroup reported better-than-expected results as an accounting benefit for distressed companies, cost-cutting and improved trading results helped offset red ink from consumer lending and credit cards.
Stocks rose on Friday, capping the S&P 500's longest weekly winning streak since 2007, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.
Stocks rose on Friday, with sentiment boosted by fresh signs of economic stability and investors bet more strong results are in the offing after reassuring reports from General Electric and Citigroup .
Stocks rose on Friday as an upbeat consumer survey fueled hopes that the U.S. economic slump may be moderating and investors bet on strong results ahead following reassuring reports from General Electric and Citigroup .
Citigroup Inc reported a smaller-than-expected first-quarter loss for shareholders as cost-cutting and improved results in investment banking and trading helped to offset red ink from consumer lending and credit cards.
Citigroup Inc reported a smaller-than-expected first-quarter loss for shareholders as cost-cutting and improved investment banking and trading results helped offset red ink from consumer banking and credit cards.
Steven Rattner, who leads the Obama administration's auto task force, was one of the executives involved with payments being probed by New York state and federal regulators in an alleged pension kickback scheme, a source familiar with the situation said on Friday.
Steven Rattner, the leader of the Obama administration's auto task force, was one of the investment firm executives involved with payments now under scrutiny in a state and federal investigation into an alleged kickback scheme at New York state's pension fund, a source familiar with the situation said on Friday.
Citigroup Inc said cost-cutting and improved results from investment banking and trading led to a substantially smaller first-quarter loss, despite a big increase in credit costs from consumer banking and credit cards.
S&P 500 and Dow stock index futures pointed to a higher open as Citigroup and General Electric posted better-than-expected quarterly results, providing further evidence that the severe U.S. economic downturn could be abating.
Stock index futures were flat after shares of Citigroup and General Electric posted better-than-expected quarterly results, providing further evidence that the severe U.S, economic downturn could be abating.
U.S. stock index futures were flat to lower after shares of Citigroup and General Electric edged higher following quarterly results from both Dow components.
Institutional investors are participating in a broad-based recovery in equities with the United States leading the way and the euro zone lagging, State Street said on Friday.