COMPANIES

Express Scripts to Buy Medco Health For $29B, Shares Up

Merger
Express Scripts, Inc. (NASDAQ:ESRX) said it agreed to buy Medco Health Solutions, Inc. (NYSE:MHS) for $29.1 billion cash and stock deal that would see Express Scripts becoming the largest pharmacy-benefits manager in the U.S.
Apple Inc

Apple's Cash Hoard: Keeping the Powder Dry, says CEO Jobs

Apple is hoarding record amounts of cash, currently holding $76 billion. But the company has not historically made big acquisitions. CEO Steve Jobs says Apple is merely keeping its "powder dry" for strategic opportunities in the future.
More news
IBTimes Logo

Who is 'Arab Slayer' Mark Stroman?

Texas White supremacist Mark Anthony Stroman, who got into a shooting rampage aimed at people of Middle Eastern origin a week after the 9/11 attack on the US in 2001, has been executed. The following are some details about the life, beliefs and crime of Stroman:
Clorox

Icahn Ups Bid for Clorox

Carl Icahn continues in his takeover attempt of Clorox (CLX), this time bumping up his original bid to $10.7 billion.

Cisco to Slash 6,500 Jobs; Sell Mexican Unit

Troubled networking giant Cisco Systems (Nasdaq: CSCO) said it will slash 6,500 jobs – representing about 9 percent of its workforce, in a bid to save about $1-billion in annual expenses.
NASA Space Shuttle Atlantis: Shuttle Firsts and Lasts [PHOTOS]

Overheating iPhone 5 Causes Delay, Report Says

Apple's iPhone 5 prototype overheats, according to a report, causing the company to delay the product. Apple is expected to release instead this fall the iPhone 4S, a less radically-changed smartphone.
IBTimes Logo

Amazon Offers Students 80 Percent Off Textbooks for Kindle

Renting may be a cheaper option for college students and parents in a time of tight finances, with college tuition and expenses a burden for many families. Amazon.com launched Kindle textbook rentals, promising tens of thousands of textbooks at discounts of as much as 80 percent less than purchase price on Monday.
Hertz

Hertz Acquires Donlen for 250 Million

Rental car company Hertz announced its intention to acquire fleet vehicle and management company Donlen Corp. for 250 million dollars, plus assuming Donlen's debt.
iPad 2

Sears $69 iPad 2: It Was Only a Typo

Sears was selling an iPad 2 for $69 at its online store over the weekend through a third party vendor. But the offering was a mistake, caused by a typo the company says. All sales were cancelled by Sears.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.