ECONOMY & MARKETS

Novartis AG headquarters in Basel, Switzerland

Novartis Clinches Alcon In $12.9 Bln Deal

Swiss drug maker Novartis will pay $12.9 billion to buy the remaining shares of Alcon it doesn't already own to broaden its presence in the booming eye-care market, which is expected to outgrow the pharmaceuticals market in coming years.
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Top Pre-Market NASDAQ Losers (OXPS, GPOR, VECO, HRZN, BRKR)

The top pre-market NASDAQ stock market losers are: optionsXpress Holdings, Gulfport Energy, Veeco Instruments, Horizon Technology Finance, Bruker, NGP Capital Resources, SunPower, Huntington Bancshares, Logitech International, and Powerwave Technologies.
Traders work on the floor of the New York Stock Exchange

Futures edge higher ahead of FOMC statement

Futures on major U.S. stock indices point to a modestly higher opening on Tuesday ahead of a wave of economic data including the US Federal Open Market Committee statement (FOMC).
Traders work on the floor of the New York Stock Exchange

US futures edge lower, FOMC statement eyed

Futures on major U.S. stock indices point to a modestly lower opening on Tuesday as investors awaited a wave of economic data including the US Federal Federal Open Market Committee statement (FOMC)
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Imagination Technologies H1 profits double on strong revenue

U.K. chipmaker Imagination Technologies, which licenses and sells its designs to Intel and Apple, said interim pretax profits doubled on strong revenue growth from both licensing and royalties. The volume of partner chips shipping with Imagination’s IP has nearly doubled to 107 million.
Healthcare educator Rainelle White (rear) checks the weight of client Norma Ferguson in the Family Van in Boston  09/08/2010

64 pct of elderly black Americans face risk of poverty

A new study has found that the risk of elderly black Americans facing poverty was double that of elderly white Americans. It says although 32.7 percent of older white Americans will experience at least one year below the official poverty line, the corresponding percentage for older black Americans was double that at 64.6 percent.
Thermo Fisher to buy Dionex

Thermo Fisher to buy Dionex for about $2.1 bln

Scientific instruments maker Thermo Fisher Scientific said it agreed to acquire chromatography systems maker Dionex Corp. for about $2.1 billion to expand in Asia-Pacific regions such as China.
A man walks into the trading hall of the Hong Kong Exchanges and Clearing in front of Christmas lighting in Hong Kong - file photo.

US falls way behind China in IPO value

Even as the risk appetite of global investors is picking up steam once again, emerging economies have gone past the U.S. in leading the investment pick-up.
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US consumer sentiment up in December: Survey

Consumer sentiment in the U.S. rose more than expected during December, and an index of current conditions touched its highest level since January 2008, the Thomson Reuters/ University of Michigan Survey said.

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