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Novartis to acquire GSK's oncology products

Novartis made an agreement with GlaxoSmithKline (GSK) to acquire its oncology products for an initial $14.5B. Similarly, GSK agreed to buy Novartis’ vaccines side of the business for an initial $5.25B (excluding the flu vaccine business). 69 more words

Deal Activity

Stock to Watch: CXDC

Normally, I wouldn’t post “stock picks” but this one has been on my radar recently…

China X.D. Plastics Company Ltd. is a plastics company that develops, manufactures, and sells plastics for use primarily in automobiles. 634 more words

Equities

Biotech Giant Amgen Misses a Beat

The world’s largest biotechnology company based on sales, Thousand Oaks-based Amgen Inc. (AMGN) reported disappointing first quarter revenue numbers. Due to lower than expected demand for their main product, Enbrel, an arthritis drug, Amgen reported a quarterly sales increase of 6.6% to $4.5 billion from last year, undershooting analysts’ estimates of $4.75 billion. 55 more words

General Corporate News

Netflix Releases 1st Q Earnings, Announces Price Increase, and Raises Opposition for Comcast-TWC Deal

In addition to releasing its first quarter earnings on Monday, Netflix announced it will raise the price of its service by a dollar or two for new members. 240 more words

General Corporate News

A lot can happen in 5 years, the rear view mirror and the road ahead

When “Past performance is not necessarily a guide to the future” has never seemed more apt

The rear view mirror

It’s now been just over 5 years since equity markets hit their lows at the peak of the fallout from the banking/credit crises of 2008. 892 more words

Broad Market Update

This week the S+P 500 eventually found support and rallied into the end of the holiday shortened week. The support level came in at the midpoint of the February lows to the early April highs. 352 more words

Investing

Will "Sell in May and go Away" work in 2014?

People who have been in the equity markets for long, are very well aware of the old adage “Sell in May and go away”. This is because historically global markets including Indian markets have corrected during this period. 741 more words

Personal Finance