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Wed 3:56 pm

Wall Street trades higher after Fed keeps interest rates unchanged

Wall Street traded higher today after the U.S. Federal Reserve left its key interest rate unchanged and said the economy and job market continued to strengthen. The S&P 500 (INDEXSP:.INX) added 0.8 percent to 2,109.05 at 3:53 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) gained 0.7 percent to 17,753.92, while the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) rose 0.5 percent to 5,114.71. 

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Wednesday, July 29, 5:21 pm

Monday Deal Review - July 27, 2015

Welcome to your Monday Biotech Deal Review for July 27th, 2015! We apologize for the delay, below is your Monday Deal Review for July 13th, 20th and 27th, 2015** In M&A news, Valeant Ph...

International

Wed 5:51 pm

Cellmid raises $4M to drive sales growth

The placement will further expand growth of the company’s consumer health business in Australia and internationally. Highlighting its sales momentum, half of the company’s forecast FY2015 revenue of $2 mil...

Articles

  • Bombardier shares get lift from merger rumors

    The Wall Street Journal, citing unnamed sources, published an article on Wednesday suggesting that the two multinationals have held discussions on the matter and that they had even reached a preliminary stage of negotiation.

  • TSX surges as investors welcome energy data; Bombardier, Toromont gain

    Canadian shares surged as energy companies erased an earlier decline and banks gained, and investors cheered forecast-beating crude inventory data out of the U.S. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.9 percent at 14,199.14 at 12:48 p.m. in Toronto. Four shares advanced for every issue that declined as eight out of ten share groups were in the positive territory.

  • Wall Street to open higher before Fed release; Citrix jumps, Twitter tumbles

    U.S. stock index futures rose today on hopes that Beijing could stem the rout in its markets and ahead of a statement from the U.S. Federal Reserve that could give clues regarding the timing of a rate hike. S&P 500 futures rose 0.2 percent to 2,091.75, while those for the Dow Jones Industrial Average tacked on 0.3 percent to 17,593. Nasdaq 100 futures added 0.3 percent to 4,567.50.

  • Lawsuits and tough competition are driving American Apparel toward bankruptcy

    The stock price has lost over 20% in the past 24 hours as ‘The New Yorker’ asked in an article published on July 27 whether the company could afford to maintain its production in the United States

  • 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

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