GLOBAL MARKETS

Warren Buffett is pictured in the audience at the 2010 Fortune Most Powerful Women Summit in Washington

Pre-market M&A Deals on March 14 (BRK.A, LZ, LLY, JNJ, AMSC, INTC, ETN)

Warren Buffett's Berkshire Hathaway said it has agreed to acquire additives maker Lubrizol for $135 a share in cash, or $9 billion, making it one of the largest acquisitions in its history. Eli Lilly and Co. announced that it has made an irrevocable, unconditional offer to acquire the animal health business of Belgium-based Janssen Pharmaceutica NV, a Johnson & Johnson Co.
Traders work on the floor of the New York Stock Exchange

Global Markets overview 14/03/2011

U.S. stocks ended higher on Friday led by gains from oil refiners after the earthquake disrupted Japan's refining capacity and equipment makers advanced on expectations for increased demand from rebuilding efforts.
More news
Chevron

Valero to buy Chevron's U.K. oil refinery

Valero Energy Corp. (NYSE: VLO) said it has agreed to acquire Chevron Corp. (NYSE: CVX)'s Pembroke oil refinery in Wales, U.K., as part of a deal valued at up to $1.73 billion.
Traders work on the floor of the New York Stock Exchange

Global Markets overview 11/03/2011

U.S. stocks plunged on Thursday as weaker-than-expected economic reports from both domestic and overseas coupled with fears over the impact on oil price by pervasive unrest in the Middle East and North Africa weighed on the sentiment.
IBTimes Logo

Oil prices remain volatile amid Saudi unrest

Oil prices remained volatile in Asian trade on Friday, as traders became cautious that unrest in Saudi Arabia could intensify and disrupt oil production in the world’s largest oil exporter.
Traders work on the floor of the New York Stock Exchange

US stocks plunge on disappointing economic news?

U.S. stocks plunged on Thursday as weaker-than-expected economic reports from both domestic and overseas coupled with fears over the impact on oil price by pervasive unrest in the Middle East and North Africa weighed on the sentiment.
IBTimes Logo

Princeton Review Shares Hit New Low On Q4 Results

Shares of Princeton Review Inc. (REVU) touched a new 52-week low of $0.49 on Thursday, after reporting a wider-than-expected fourth quarter loss. The company also said it has has appointed John Connolly as interim president and chief executive officer, succeeding Michael Perik who has resigned to pursue other interests.
IBTimes Logo

RC2 Shares Hit New High On Tomy Merger

Shares of RC2 Corp. (RCRC) touched a new more than 3-year high of $27.59 on Thursday, shortly after the Nikkei business daily first reported that Japan's Tomy Co. Ltd. and RC2 were in merger talks.
Spectrum Pharmaceuticals

Spectrum Pharma Shares Hit New High on Q4 Results

Shares of Spectrum Pharmaceuticals, Inc. (SPPI) touched a new 52-week high of $7.60 on Thursday. The company posted a decline in fourth quarter earnings as last year period recorded stock warrant gains, but came ahead of Street view.
Canadian $ 1,000.000 Maple Leaf with a weight of 100 kilos and a diameter of 53cm is on display at Dorotheum auction house in Vienna June 16, 2010.

The Canadian dollar is overvalued: DB analyst

Since the height of the financial crisis, the Canadian dollar has appreciated substantially against the US dollar. Now, it’s overvalued against the US dollar, according to an analyst at Deutsche Bank.
Traders work on the floor of the New York Stock Exchange

US stocks plunge after jobless claims, trade data

U.S. stocks declined in early trade on Thursday after official data showed that applications for jobless benefits in the U.S. rose more than expected last week, after falling to the lowest level since May 2008 in the previous week.
Starbucks + Green Mountain Coffee Roasters

Starbucks, Green Mountain Sign Single Serve Coffee Deal

Starbucks Corp. (NASDAQ: SBUX) is taking on the fast-growing single serve market, by teaming with Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) that holds a dominant share of the U.S. market at about 80 percent owing to several patents surrounding its K-cup.
Leo Apotheker

What HP's Leo Apotheker May Say Next Week?

Léo Apotheker, the Chief Executive Officer of PC giant Hewlett-Packard, is expected to hold an investor briefing in San Francisco where he may unveil his much anticipated vision for HP.
IBTimes Logo

Focus Media Shares Hit New High On Q4 Results

Shares of Focus Media Holding Ltd. (FMCN) touched a new 52-week high of $30.27 on Wednesday. The company reported Tuesday higher fourth quarter adjusted earnings as revenue in LCD display (including the movie theater network), in-store and poster frame business increased 45 percent.
Muammar Gaddfi

Oil climbs to near $105 as output falls in Libya

Oil prices rose to near $105 a barrel in Asia on Thursday, following reports that crude production in Libya has dropped more than earlier estimate, as fresh battles between the forces loyal to Moammar Gadhafi and rebels led to damage of key oil infrastructure in the country.
A sign marks the headquarters of Genzyme in Cambridge

Genzyme Shares Hit New High Again

Genzyme Corp. (NASDAQ: GENZ) said Monday that its board has unanimously recommended to its shareholders to accept the latest sweetened offer from French drug giant Sanofi-Aventis SA (NYSE: SNY) and to tender their shares into the revised offer. The shares of Genzyme touched a new 52-week high of $76.09 on Wednesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.