AMAG Pharmaceuticals Inc. (AMAG) rose more than 28% to close at a 4-year high of $29.72 on Monday after the company announced that it is acquiring privately held Lumara Health Inc. in a deal valued at about $1.025 billion.
After moving sharply lower at the open, stocks showed a substantial recovery attempt over the course of the trading day on Monday. The Nasdaq and the S&P 500 bounced well off the one-month intraday lows set in early trading but still closed in the red.
U.S. crude oil ended sharply higher for a second straight session on Monday, after data from the U.S. showed consumer spending to have risen more than expected in August. Prices also found support over the upcoming temporary refinery closures to prepare for the winter. Prices were also under pressure...
While most Americans oppose sending ground troops into combat operations against the terrorist group known as ISIS, the results of a CNN/ORC International poll found that an even larger majority think the American military will still end up putting boots on the ground.
Gold futures ended higher Monday, on safe haven demand after the dollar trended lower on some mixed economic data from the U.S. with pending home sales pulling back more than expected in August.
Investors digested a mixed batch of U.S. economic data including a report showing consumer spending to...
Stocks have shown a notable recovery since coming under pressure at the open, but the markets continue to see modest weakness in mid-day trading on Monday. The rebound came after the Nasdaq and the S&P 500 hit their worst intraday levels in over a month.
With incumbent Sen. Kay Hagan, D-N.C., and Republican challenger Thom Tillis running nearly neck-and-neck in the North Carolina Senate race, the results of a new CNN/ORC International survey suggest that the race could be decided by the number of votes for Libertarian candidate Sean Haugh.
After moving sharply lower at the open, stocks have regained some ground over the course of early trading on Monday. The major averages have climbed well off their lows for the young session but remain stuck in negative territory.
Pending home sales in the U.S. pulled back by much more than expected in the month of August, according to a report released by the National Association of Realtors on Monday.
Personal spending in the U.S. rose by slightly more than expected in the month of August, according to a report released by the Commerce Department on Monday. The report said personal spending increased by 0.5 percent in August, while revised data showed that spending was unchanged in July.
Business software maker Tibco Software Inc. said Monday that it has agreed to be acquired by private equity firm Vista Equity Partners for about $4.3 billion, including the assumption of net debt. The deal was unanimously approved by Tibco's board of directors following a thorough review of strategic and financial alternatives conducted by a special committee of the board.
Following the weakness seen last week, stocks are likely to see further downside in early trading on Monday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 143 points.
Eurozone economic confidence weakened to a 10-month low in September as consumers and retailers turned more cautious suggesting that the region hardly recovered from a flat performance in the second quarter. The economic sentiment index dropped to 99.9, in line with forecast, from 100.6 in August, survey results from the European Commission showed Monday.
Canadian energy producer Encana Corp. Monday announced a definitive merger agreement to buy Texas-based Athlon Energy Inc. in an all-cash tender offer for $5.93 billion. Encana will also assume Athlon's $1.15 billion of senior notes, resulting in a total transaction value of approximately $7.1 billion. In pre-market activity on the NYSE, Athlon shares were gaining 24.07 percent.
Early indications suggest that the recovery by Wall Street stocks last Friday may prove short lived. The major U.S. index futures point to a lower opening on Monday after Asian stocks closed mixed, while the European averages are trading amid nervousness. The sentiment in Asia was rendered cautious by...