Business

Valeant and Takeda's $10B Salix deal talks scuttled by price squabbles

Valeant and Takeda's $10B Salix deal talks scuttled by price squabbles

The costs of this program were considered in formerly declared guidance for the full year 2016. In reaction, Cantor analyst Elemer Piros downgraded the stock from Buy to Hold, while slashing the price target to $1.00 (from $15), which reflects a potential downside of 40.5% from current levels.



South Korean opposition struggles for clear impeachment plan

Park has previously apologised for being careless in her friendship ties with Choi Soon-sil but refused to step down. "I will leave it up to the National Assembly to determine my fate, including the reduction of my term in office", Park said.



Thanksgiving, Black Friday Sales up 9 Percent

This indicates that consumers still had more appetite for online shopping despite the incredible volume of online sales on Black Friday. There are also plenty of these and these electronics make for some particularly excellent Holiday gifts.


US economy grew at 3.2 percent in third quarter

US economy grew at 3.2 percent in third quarter

With analysts expecting fourth-quarter growth also to top 3 percent, the economy appears ripe for another interest rate increase by the Federal Reserve to head off a potential jump in inflation. The world's largest economy grew at an annualised rate of 3.2% in the three months to September, up from an earlier estimate of 2.9%. Fed Chair Janet Yellen said recently that it will be appropriate for the central bank to hike interest rate relatively soon, and warned of the risks of keeping rate ...


Cyber Monday transforms as shoppers are more connected

Cyber Monday transforms as shoppers are more connected

ComScore expects mobile sales to make up 20 percent of online sales for the first time this year , and Adobe said mobile purchases surged 33 percent on Black Friday to $1.2 billion. Online was bigger than expected on the Wednesday before Thanksgiving. They're fixated on deals and more readily using technology to find them whenever they want to buy.



Think tank plans legal action to keep UK in EU single market

Which brings us on to the French. She is the latest in a growing list of visitors to Downing Street to be embarrassed after documents they were carrying were picked up by the cameras. "We have to get our negotiating mandate in place but this is being done soberly and meticulously". That means, for example, that if the pound has gained in value on the month, they may need to hold less of it, or of sterling-denominated assets to maintain the same weighting in the overall portfolio.