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Markets
Bristol-Myers Stock Dives on Disappointing Test Results of Cancer Treatment
The shares of Bristol-Myers Squibb are plummeting today due to the disappointing test results in the late-stage study (CheckMate -026) for its cancer treatment Opdivo (nivolumab).
The stock price Bristol-Myers declined more than 15% to...
Markets
Tesla and SolarCity Ink $2.6 Billion Merger Agreement
Tesla Motors Inc (NASDAQ:TSLA) announced today a $2.6 billion all-stock merger agreement with SolarCity Corp (NASDAQ:SCTY). The price of the deal is based on the 5-day volume-weighted average price of Tesla’s shares as of...
Politics
Hillary Clinton Accepts Nomination with Humility and Boundless Confidence in America’s Promise
Hillary Clinton accepted the nomination of the Democratic Party with “humility, determination and boundless confidence in America’s promise” last night. She made history as the first woman to become a nominee for President of...
Markets
Amazon.com (AMZN) Q2 Earnings Beat Street Estimates; Shares Climb
Amazon.com (NASDAQ:AMZN) reported better-than-expected earnings for the second quarter ended June 30, 2016. The shares of the e-commerce giant were trading $764.25 each, up by 1.54% around 11:24 a.m. in New York.
It is the...
From The Press
Apple Profit Reporting in Ireland a “Fraud” Says Nobel Economist Stiglitz
Joseph Stiglitz, a professor at Columbia University and a recipient of the 2001 Nobel Memorial Prize in Economics, said the tax law in the United States that enables companies like Apple Inc. (NASDAQ:AAPL) to...
Markets
Oracle Corporation (ORCL) to Acquire NetSuite (N) for $9.3 Billion
Oracle Corporation (NYSE:ORCL) signed an agreement to acquire NetSuite for (NYSE:N) for $109 per share or around $9.3 billion in cash to help strengthen its market share in the cloud computing industry.
The stock price...
Politics
Bill Clinton Says Hillary is the Best Change Maker, Will Never Quit on You
Former President Bill Clinton delivered a strong and clear message that his wife Hillary is ready and qualified to become the next leader of the United States.
During his speech at the Democratic National Convention...
Markets
Apple CEO Says Services Business will be the Size of a Fortune 100 Company
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook believed that the company’s services business will continue to grow and become the “size of a Fortune 100 company” next year.
The iPhone maker reported that its services business...