Merck & Co., Inc. (NYSE:MRK) is looking forward to acquiring Cubist Pharmaceuticals Inc (NASDAQ:CBST), an antibiotics maker, in a deal estimated to cost about $7 billion to $8 billion. A report by the Financial Times cited an unnamed source as saying that Merck will be paying Cubist around $102 per share, with official announcements expected…
Wal-Mart Stores, Inc. (WMT) CEO: Economy Not Picking Up
Wal-Mart Stores, Inc. (NYSE:WMT) CEO Doug McMillon feels that the economy is not moving that much. In CNBC’s “Squawk Box” on Wednesday, McMillon said that “the 2 percent to 3 percent growth range number” is like “kind of perpetual”. He added that looking forward to the next year, he feels there is no semblance of…
Microsoft Corporation (MSFT) Commits to Diversity, Approves CEO Pay
Microsoft Corporation (NASDAQ:MSFT) held its annual shareholder meeting Wednesday, its first under new CEO Satya Nadella. The event was attended by Microsoft’s former CEO Steve Ballmer, who stepped down from the company in February to focus on NBA’s Los Angeles Clippers, which he purchased for $2 billion. Also at the meeting is activist Jesse Jackson,…
Twitter Inc (TWTR) Innovates on Harassment Reporting Tools
Twitter Inc (NYSE:TWTR) is traditionally known as champion of free speech, and the social networking site has in the past been a venue of posts using offensive language. In an effort to combat online abuse and promote safety in its site, the company has announced Tuesday that it is rolling out improvements to help its…
Apple Inc. (AAPL) Late CEO Steve Jobs Led the Company to Violate Antitrust Laws
Apple Inc. (NASDAQ:AAPL) late CEO Steve Jobs may have deliberately led the tech giant into violating antitrust laws. In a class action suit filed way back in 2005, plaintiffs argue that Apple have violated antitrust laws by restricting its iPod customers to buying music only from Apple-owned iTunes, which the company has implemented by means…
RadioShack Corporation (RSH) Calls for Restructuring Amidst Breach Notice
RadioShack Corporation (NYSE:RSH) will continue its efforts towards restructuring and transforming its business, a company press release statement said. According to Joe Magnacca, Radioshack’s CEO, the company will keep its focus on operating its business and moving forward. RadioShack Corporation (NYSE:RSH) released the statements in reaction to a breach notice it received from Salus Capital…
Citigroup Inc (C) Stopping LavaFlow ECN
Citigroup Inc (NYSE:C) will close down LavaFlow, an alternative trading platform also known as electronic communications network (ECN). An exclusive report by Reuters divulged of the bank’s decision to re-align capital. efforts, and resources from LavaFlow ECN towards other units in Citi’s Equities Division. LavaFlow ECN, currently one of the largest trading platforms within Wall…
Amazon.com Inc. (AMZN) Still a Startup: Bezos
Amazon.com, Inc. (NASDAQ:AMZN) is still a startup with a lot of volatility as such, according to its CEO Jeff Bezos, in a statement made Tuesday in a New York conference sponsored by The Business Insider blog. Making the comments after Amazon received a downgrade to “negative” from Moody’s, Bezos went on to defend Amazon’s culture…
Intel Corporation (INTC) Boosts Security Service Thru PasswordBox
Intel Corporation (NASDAQ:INTC), the world leader in computer chips, has acquired PasswordBox, according to company announcement made on Monday. According to the chipmaker, PasswordBox will form part of the company’s Safe Identity organization under Intel Security Group. Its task will be to boost security by doing away with the necessity of having to memorize a…
Alibaba Group Holding Ltd (BABA) Will Burn Local Businesses: U.S. Retailers
Alibaba Group Holding Ltd (NYSE:BABA) have been a target of a weekend TV and radio ad campaign over tax exemption for online sales. Dragging the Chinese giant online merchant into a political issue of tax loopholes is the Alliance for Main Street Fairness, a U.S. retailers group consisting of major chains such as Home Depot…