Bristol-Myers Goes After Celgene

Bristol-Myers to Buy Celgene

Bristol-Myers Squibb is making a $74 billion bet — and investors aren't pleased. The New York-based pharmaceutical giant on Thursday said it would acquire Celgene, a Summit, New Jersey-based cancer drug company, in a cash and stock deal valued at $74 billion...

By | January, 4, 2019|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

It’s a Rotten AAPL

Apple’s Stock Plunges

Apple had some news for investors to ring in 2019, only it wasn’t good. The company’s revenue this quarter will be significantly lower than it had previously indicated, thanks largely to a slowdown in China sales. Apple’s shares were halted after the stock market closed Wednesday...

By | January, 3, 2019|Categories: Articles, Featured|Tags: , , , , , , , , , , , , |0 Comments

GE: Not Bringing Good Things to Investors

GE Hits New Low

General Electric Co.’s shares continued their long slide Monday even as new Chief Executive Larry Culp tried to put the market at ease about the direction of the conglomerate and its troubled power division. The stock fell as much as 10% Monday before recovering some of its loss to end at $7.99...

By | November, 15, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

Is the Rally Over?

The Beginning of the End?

A gloomy October on Wall Street turned darker Thursday, as heavy selling overseas and failed intraday rallies in the U.S. sent major stock indexes to another stinging retreat. The Dow Jones Industrial Average tumbled 546 points, leaving the blue-chip index down 5.2% after two days of volatile trading that has been marked by sharp declines in the last hours of the day...

By | October, 12, 2018|Categories: Articles, Featured|Tags: , , , , , , , , , , |0 Comments

Tesla Finds Trouble Again

SEC Sues Elon Musk for Fraud

Elon Musk, Tesla’s chief executive, was accused by federal regulators on Thursday of misleading investors with false public statements, a move that could force him out of the company’s leadership. At issue is Mr. Musk’s declaration on Twitter last month that he had “funding secured” to buy out the stock of the electric-car maker...

By | September, 28, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

Justice Department Looks Under the Hood

In Musk We Trust?

Tesla Inc. on Tuesday said the Justice Department has opened an investigation into the company following Chief Executive Elon Musk’s surprise tweet in August that he had secured funding to possibly take the electric-car maker private...

By | September, 19, 2018|Categories: Articles, Featured|Tags: , , , , , , , , , |0 Comments

Pepsi Please

PepsiCo to Buy SodaStream

Beverage and snack giant PepsiCo announced plans Monday to acquire at-home carbonated drink maker SodaStream for $3.2 billion. Purchase, New York-based PepsiCo agreed to pay $144 per share in cash for SodaStream's outstanding stock, a 32 percent premium to its 30-day volume weighted average price...

By | August, 21, 2018|Categories: Articles, Featured|Tags: , , , , |0 Comments

Bayer Has a Headache

Bayer Stock Plunges

Bayer’s stock slumped more than 10 percent in trading Monday, three days after a California jury awarded $289 million to a former groundskeeper who said the popular weedkiller Roundup gave him terminal cancer. The stock drop sent a cautionary signal to the company that acquired Monsanto, the maker of the weedkiller, in June for $63 billion...

By | August, 14, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments