Endo International plc (ENDP, ENL.TO) Tuesday said it has offered to buy Auxilium Pharmaceuticals Inc. (AUXL) in a cash-and-stock transaction valued at $2.2 billion. Shares of Auxilium surged over 45 percent, following the news.
Endo has offered to buy all the shares of Auxilium Pharmaceuticals for...
Adobe reported a plunge in third-quarter profit, hurt mainly by one-time expenses that offset some growth in revenue. Earnings, however, surpassed Wall Street estimates, but revenue fell shy of expectations. The company detailed some weak earnings and revenue outlook for the fourth quarter, signifying pressure even as it strives to enhance its cloud-based revenue strategy. Adobe shares slid 4%...
Stocks moved notably higher over the course of the trading day on Tuesday after recovering from an initial move to the downside. With the strong upward move on the day, the Dow reached a new record intraday high before giving back some ground.
U.S. crude oil surged to end sharply higher on Tuesday, ahead of the weekly inventories data and the outcome of the U.S. Federal Reserve's monetary policy meet in Washington, even as the dollar trended lower against a basket of some select currencies.
Crude oil was given a further boost after OPEC...
President Barack Obama is scheduled to travel to the headquarters of the Centers for Disease Control and Prevention in Atlanta, Georgia, on Tuesday to outline steps the U.S. will take to help combat the Ebola outbreak in West Africa.
Gold futures ended higher for second straight session Tuesday, as the dollar trended lower against some select currencies and ahead of the highly anticipated two-day U.S. Federal Reserve policy meet that begins today in Washington. Investors expect the central bank to take a hawkish stand and await cues...
After recovering from an initial move to the downside, stocks have moved mostly higher over the course of the trading day on Tuesday. The major average have all turned positive, with the Nasdaq and the S&P 500 bouncing off their worst levels in almost a month.
Senate Republicans once again voted Monday to block a Democratic bill aimed at narrowing the national gender wage gap. The Senate voted 52 to 40 in favor of limiting debate on the Paycheck Fairness Act, falling well short of the 60 votes required.
Stocks moved to the downside at the start of trading on Tuesday but have shown a notable rebound since then. The major averages have bounced well off their lows for the young session and are now lingering near the unchanged line.
Real estate investment trust Washington Prime Group Inc. has agreed to acquire peer Glimcher Realty Trust in a deal valued at about $4.3 billion in cash and stock, including the assumption of debt, the two companies said Tuesday. Shares of Glimcher Realty are gaining 30 percent following the announcement.
After reporting a modest uptick in U.S. producer prices in the previous month, the Labor Department released a report on Tuesday showing that producer prices came in unchanged in the month of August. The Labor Department said its producer price index for final demand was unchanged in August after inching up by 0.1 percent in July.
Following the lackluster performance seen during the previous session, stocks may move to the downside in early trading on Tuesday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 33 points.
Germany's investor confidence weakened to a level last seen in late 2012 amid concerns that the rising geopolitical tensions are hurting the European economy, data from the Centre for European Economic Research/ZEW showed Tuesday. The ZEW economic sentiment index fell to 6.9 in September from 8.6 in August. The index has been falling since last January and matched the score seen in December 2012.
U.K. inflation slowed marginally as expected in August on falls in prices of motor fuels and food, data from the Office for National Statistics revealed Tuesday. Factory-gate prices declined for the second straight month indicating benign inflationary pressures in the pipeline. Consumer prices rose 1.5 percent year-on-year in August, slower than the 1.6 percent rise in July.
Early indications suggest that Wall Street stocks may open lower on Tuesday as traders nervously await the FOMC decision due on Wednesday. The central bank's monetary policy committee meets later in the day for a 2-day meeting amid signals of strengthening economic recovery. Meanwhile, global cues are negative, with Asian stocks closing lower, while the European markets are also seeing weakness.