Nestlé SA is expected to pay at least $9 billion to U.S. drugmaker Pfizer Inc. for the U.S. drugmaker's infant-nutrition business, the Wall Street Journal reported Tuesday.
Citigroup Inc. (NYSE: C) kicked off Monday morning by announcing underwhelming first-quarter earnings that narrowly missed analyst expectations on both profit and revenue. The New York-based banking giant reported earnings of $2.93 billion, or 95 cents per share on revenues of $19.41 billion. Earnings a year ago had been reported as $3 billion, or $1 a share, on revenues of $19.73 billion. Analysts had expected earnings to be flat from year-ago results.
Shares of Micron Technology (NYSE: MU), the only U.S. independent maker of memory chips, rose 5 percent after it announced plans to sell convertible senior notes valued at $1 billion.
Shares of AOL (NYSE: AOL), the seventh most-visited website, have gained nearly 7 percent this week after the company said a patent sale is an option to increase shareholder value.
Window dressing, the practice of stock fund managers buying up top performers as the quarter ends to boost the appearance of success, failed Tuesday to lift the major indexes into positive territory.
NYSE Euronext said on Thursday it would not join Deutsche Boerse in appealing the European Commission's decision to prohibit the $7.4 billion merger between the two exchange operators.
Deutsche Börse AG, the operator of the Frankfurt stock exchange, announced Tuesday that it will appeal the decision by European antitrust regulators to block its planned merger with NYSE Euronext, the New York Times said.
New York is the most competitive city in the world, according to a new survey by Citigroup and the Economist Intelligence Unit.
Goldman Sachs shares currently trade below book value, which presents a rare opportunity for retail investors to buy into the storied Wall Street bank at a discount.
Simon Property Group Inc. (NYSE:SPG), the largest U.S. mall owner, said Thursday it is acquiring a 28.7 percent interest in Klepierre, a shopping center operator based in Paris, for about $2 billion.
Southwest Airlines Co. (NYSE: LUV) saw its February traffic jump 3.9 percent from a year earlier, marking the company's first traffic increase in three months.
U.S. equities sank, mirroring falls across Asia and Europe Monday after China cut its growth target. Worries over whether Greece can entice enough private investors to participate in a bond swap deal also dampened investors' sentiment.
Citigroup Chairman Richard Parsons will resign from his post and the banking giant's board, the Wall Street Journal reported Friday. Parson, who joined the board in 1996, has reportedly told fellow directors he won't stand for re-election at Cit's annual meeting in April.
Transatlantic stock exchange NYSE Euronext stands to gain whether or not its rival the London Stock Exchange snatches up hotly contested clearing house LCH.Clearnet - given that NYSE is LCH's biggest shareholder.
Shares of Apple (NYSE: AAPL) spent most of Wednesday above the $500 billion market capitalization mark as they also sit a new record of $647.61.
Goldman Sachs Group has suspended coverage of 18 discount brokers, exchanges and small investment banks because the analyst who follows them has left the firm.
Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools."
The top aftermarket NYSE gainers Friday were: National Bank of Greece, LinkedIn Corp, Dolby Laboratories, Alliance One International and Vmware. The top aftermarket losers were: Cobalt International Energy, Global Cash Access Holdings, Talisman Energy, C.R. Bard and NYSE Euronext.
NYSE Euronext signaled it would shift focus to faster-growing areas like supplying computer systems and information from trading, as the U.S. exchange looks to an independent future following the collapse of a takeover by Deutsche Boerse.
Futures on major U.S. indices point to a lower opening Friday after eurozone finance ministers asked Athens for more cuts to release the second bailout package.
NYSE Euronext posted quarterly operating profit at the top end of expectations with a 13 percent rise helped by strong information and technology services, an area the U.S. group is now looking to as a growth driver.
Stock index futures fell on Monday, indicating the benchmark S&P 500 index could pull back after a five-week rally on concerns Greece will be unable to avoid a chaotic default as it tries to reach terms on a new bailout package.
