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Wall Street ends near flat; correction worry rises
ReutersNEW YORK (Reuters) - Stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about a flurry of acquisitions. The Dow and the S&P 500 briefly hit all-...Tags: Philadelphia (Philadelphia, Pennsylvania), MBIA Incorporated, Agilent Technologies Incorporated, Skin Cancer, Commodity Markets
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Royalty eleva oferta por Elan, emite ultimátum a accionistas
ReutersPor Padraic Halpin y Jessica Toonkel DUBLIN/NUEVA YORK, 20 mayo (Reuters) - Royalty Pharma elevó su oferta hostil por Elan a 12,50 dólares por acción y amenazó con retirar la oferta si los accionistas de Elan aprueban una serie de transacciones...Tags: GlaxoSmithKline PLC, Elan Corporation Plc
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US high-yield issuers rush to market
ReutersBy Joy Ferguson and Rachelle Kakouris May 20 (IFR) - It's looking like another busy week for high-yield as issuers rush in ahead of the long Memorial Day weekend to take advantage of the current window for issuance at near-record low coupons. A total...Tags: Finance, Bonds, Morgan Stanley Dean Witter & Company, Elan Corporation Plc, Mergers, Acquisitions and Takeovers
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Royalty Pharma ups offer for Elan to $12.50/shr
ReutersLONDON, May 20 (Reuters) - U.S. investor Royalty Pharma raised its offer to $12.50 per share for Irish drugmaker Elan on Monday, representing a premium of 45 percent to Elan's enterprise value, it said. The company said it was offering $4.6 billion for...Tags: Elan Corporation Plc, Biogen Idec Incorporated
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Royalty raises Elan bid, issues ultimatum to shareholders
ReutersDUBLIN/NEW YORK (Reuters) - Royalty Pharma raised its hostile bid for Elan to $12.50 per share and threatened to withdraw the bid if Elan shareholders approve a series of defensive transactions announced by the Irish drug firm. Royalty Pharma, which buys...Tags: Elan Corporation Plc, Mergers, Acquisitions and Takeovers, Companies and Corporations, Multiple Sclerosis, GlaxoSmithKline PLC
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Elan says Royalty wanted to take it private before Tysabri deal
ReutersDUBLIN, May 15 (Reuters) - Royalty Pharma last year urged Elan to hold off on a multi-billion dollar drug deal until it had taken the Irish drugmaker private to boost the compensation the firms' executives would receive, Elan said on Wednesday. Royalty...Tags: Companies and Corporations, GlaxoSmithKline PLC, Elan Corporation Plc, Economy, Business and Finance, CEO Pay
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U.S. RESEARCH ROUNDUP: Yahoo, Microsoft, American Express, ArcelorMittal
ReutersMay 14 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Yahoo and Microsoft, on Tuesday. HIGHLIGHTS * Yahoo : Goldman Sachs raises target to $30 from $27; rating conviction list buy...Tags: BB&T Corp., Gaming Industry, Petroleum Industry, Public Storage Incorporated, Best Buy Co., Inc.
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Ten new deals enter US high-yield pipeline
ReutersBy Rachelle Kakouris NEW YORK, May 13 (IFR) - The high-yield market started where it left off Friday with the new issue window remaining wide open for corporate borrowers across the credit spectrum. Ten new dollar deals entered the pipeline this...Tags: Fifth Third Bancorp, Finance, JPMorgan Chase & Co., Builders FirstSource Inc., Bonds
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Stocks drop even as retail sales unexpectedly rise; record-breaking rally takes pause
NEW YORK (AP) — Stocks are mixed in midday trading, pausing a record-breaking stock rally even after the government reported that Americans increased spending last month. The Dow fell 22.86, or 0.2 percent, to 15,096 as of 11:50 Eastern Daylight...Tags: Standard & Poor's Financial Services LLC, GlaxoSmithKline PLC, Kentucky Fried Chicken, Elan Corporation Plc
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Elan enters $1 billion royalty deal with Theravance over potential respiratory drug sales
Irish drugmaker Elan Corp. PLC plans to pay $1 billion for the right to future royalties from four respiratory treatments being developed by Theravance Inc. and GlaxoSmithKline. The deal announced Monday will give Elan 21 percent of the future...Tags: GlaxoSmithKline PLC, Elan Corporation Plc, Moody's Corporation, Health Organizations, Food and Drug Administration
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Wall St termina plano tras recientes máximos
ReutersPor Caroline Valetkevitch NUEVA YORK (Reuters) - Las acciones cerraron planas el lunes en la bolsa de Nueva York, tomándose un respiro tras trepar a máximos históricos la semana pasada, pero la fortaleza del sector cuidado de la salud ayudó a que los...Tags: Financial Markets, Nasdaq Composite, S&P 500, GlaxoSmithKline PLC, Elan Corporation Plc
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U.S. RESEARCH ROUNDUP: AIG, Express Scripts, Eli Lilly, Carlyle Group
ReutersMay 13 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including AIG, Carlyle Group and Express Scripts, on Monday. HIGHLIGHTS * AIG : Barclays raises to overweight from equal weight -...Tags: Energy Transfer Equity LP, Bill Barrett Corporation, Southwestern Energy Company, Penn National Gaming, Financial and Business Services
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