Bristol-Myers Squibb Co. (BMY), the American pharmaceutical giant that is facing the near-term loss of patent protections on three of its four top sellers, is set to buy U.S. biotech company Inhibitex Inc. for $2.5 billion.
Moran Zhang
Jan 09, 2012
Freddie Mac, the large federally controlled mortgage guarantor, announced that it would allow unemployed borrowers to delay mortgage payments for up to 12 months under a new plan.
Roland Li
Jan 09, 2012
Oil, gold and base metals are Goldman Sachs' top commodity picks this year, with big upside risk in oil due to tight fundamentals and a potential Iranian conflict, the investment bank said on Monday.
Mike Obel
Jan 09, 2012
Canadian firms plan to recruit more employees over the coming year even though they expect that sales growth will not improve, the Bank of Canada's winter business survey showed on Monday.
IBT Staff Reporter
Jan 09, 2012
The grey-haired men stood admiring the line of luxury cars at London's ExCel centre while at a nearby stand a woman handed over money for a silver cigarette case -- not the usual things you would expect to buy at a boat show.
Peggy Truong
Jan 09, 2012
Ilan Ben-Dov plans to step down as chairman of Partner Communications (PTNR.TA), Israel's second largest mobile phone operator, the company said on Sunday.
keep for now
Jan 09, 2012
German Chancellor Angela Merkel warned Greece on Monday it would not be possible to give further aid without rapid progress on its second rescue package, including a voluntary write-down on Greek debt held by private creditors.
IBT Staff Reporter
Jan 09, 2012
The Khartoum stock exchange on Sunday launched a long-awaited computer trading system that will bring to an end an era of scribbling stock prices on white boards and also marks Sudan's efforts to attract more investment.
Mike Obel
Jan 09, 2012
A rare collection of ancient Greek coins, called the Prospero Collection, fetched a record price of $25 million at an auction in New York.
Monami Thakur
Jan 09, 2012
Venezuelan President Hugo Chavez said Sunday that his country would not recognize a ruling by a World Bank tribunal in a multibillion-dollar arbitration case with Exxon Mobil.
Eric Linton
Jan 08, 2012
Canada's famously conservative banks, hit last week by a high profile downgrade, may still be the least bad option for Canadian investors in what could be another ugly year for stock markets.
IBT Staff Reporter
Jan 08, 2012
The Khartoum stock exchange on Sunday launched a long-awaited computer trading system that will bring to an end an era of scribbling stock prices on white boards and also marks Sudan's efforts to attract more investment.
IBT Staff Reporter
Jan 08, 2012
Venezuela's oil minister said on Saturday he does not expect a ruling in World Bank arbitration with the Exxon Mobil Corp. this year, after another tribunal awarded the U.S.-based company $908 million last week.
J.J. McGrath
Jan 08, 2012
Two months after loaning the company money to open two movies, L.A. billionaire Ron Burkle has taken a minority stake in Relativity Media, TheWrap has learned.
IBT Staff Reporter
Jan 07, 2012
The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker, blaming cozy ties between its management and big Japanese shareholders and saying the saga had taken its toll on his family.
keep for now
Jan 07, 2012
New York Gov. Andrew Cuomo's new plan to sell the Jacob Javits Center and build the largest convention center in the country at the Aqueduct Racetrack in Queens is an urban upheaval on a scale that evokes the legacy of Robert Moses, the parks commissioner who shaped the city in wide swaths in the middle of the last century.
Roland Li
Jan 07, 2012
Siri, the voice-controlled intelligent assistant, has succeeded in endearing itself to Apple fans, prompting the iPhone 4S to become the best selling iPhone ever. However, even as the users enjoy interacting with their virtual assistant, Siri is being blamed for being a data hog.
Wendy Li
Jan 07, 2012
The Dutch government has appointed Credit Suisse to advise on a potential sale of its 33 percent stake in UK-based uranium enrichment company Urenco, people familiar with the situation told Reuters on Friday.
J.J. McGrath
Jan 07, 2012
Hedge fund manager John Paulson lost more than half of the capital in one of his firm's biggest funds, people familiar with the number said Friday.
Eric Linton
Jan 06, 2012
Stocks rose in the first week of this year, even though news that the U.S. jobless rate neared a three-year low did not whet interest in equities on Friday.
IBT Staff Reporter
Jan 06, 2012
Stocks were on track to post gains for the first week of 2012 on Friday as signs of a sustainable economic recovery overshadowed lingering concerns about the euro zone's debt crisis.
IBT Staff Reporter
Jan 06, 2012
The Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA–CREF), the large pension fund manager and institutional investor, has purchased a retail condo in Manhattan's 225 West 83rd Street for $44.73 million, according to city records.
Roland Li
Jan 06, 2012
