Top Story

9:10 am

Wall Street on track to end 5-day rout as China selloff stalls

Wall Street is poised to end a five-session losing streak, amid better-than-forecast earnings, as Chinese equities pulled back from a selloff, and ahead of a highly anticipated Federal Reserve meeting. Futures for the Dow Jones Industrial Average rose 0.4 percent to 17,460, while those for the S&P 500 index added 0.4 percent to 2,073. Futures for the Nasdaq 100 index picked up 0.3 percent to 4,536.25.

Breaking News

Tuesday, July 28, 10:34 am

Merck posts Q2 profit beat, sales miss; full-year EPS forecast boosted

Merck (NYSE:MRK) reported a better-than-expected second-quarter profit and lifted its full-year earnings guidance as demand for its diabetes and cancer drugs increased.  But sales fell a wors...

International

10:43 am

Gloo Networks plans £30mln IPO, eyes media acquisitions

A £30mln raise is a precursor to a larger funding once a deal is in place

Articles

  • Teva to buy Allergan for $40.5 bln, drops Mylan bid

    Teva Pharmaceutical Industries (NYSE:TEVA), an Israeli drugmaker, agreed to buy Dublin-based Allergan PLC's (NYSE:AGN) generic pharmaceuticals business for $40.5 billion in cash and stock, and dropped its hostile offer for Mylan (NASDAQ:MYL). Teva will pay $33.75 billion in cash and $6.75 billion worth of shares at today’s price, or about 10 percent of the enlarged company, the Petach Tikva, Israel-based company said in a statement today. 

  • GlaxoSmithKline receives EU approval of its malaria fighting vaccine for children

    Approval from the EMA opens the door for a similarly favorable opinion from the World Health Organization (WHO), which could then decide whether to recommend vaccination in countries where malaria is endemic

  • Lithium – the metal of the future (if there's enough)

    Tesla is not alone in advancing lithium-powered battery technologies. 

    It’s headline-grabbing stuff - Elon Musk says that his Tesla Corporation (NASDAQ:TSLA) aims to accelerate technological and market development by up to ten years in the roll-out of electric cars.

  • Amazon.com swings to surprise Q2 profit, provides robust Q3 revenue guidance

    Amazon.com (NASDAQ:AMZN), an online retailer, reported an unexpected second-quarter profit, forecast third-quarter revenue above estimates, and reported strong sales in North America, and unprecedented growth in its popular Prime two-day unlimited shipping service. Shares surged.

  • Fiat Chrysler Automobiles files for Ferrari's IPO on the NYSE

    The IPO according to a press release will not result in the displacement of staff from Ferrari, nor reduce employment levels or the activities currently carried out by Ferrari in Italy and does not involve any reduction in the amount of taxes that Ferrari pays in Italy.

  • Klondex Mines boosts output by 20% in the second quarter

    Thanks to this progress, Huet said that Klondex’s 2015 production guidance is now 125,000-130,000 GEO instead of the previously announced 120,000-125,000 GEO.  

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