Uploaded by FinancialNewsOnline on Mar 19, 2012
This is what's in the news for Friday
March 19, 2012. The Wall Street Journal reports GM (NYSE:GM) and PSA
Peugeot Citroen (PINK:PEUGY) look to begin joint development of at least
two passenger cars by this fall, says GM CEO Akerson. The Wall Street
Journal also reports Venture capital for biotechnology has been in
decline, due to the economy and poor returns from stock offerings. VC's
invested $3.92B in 2011 vs. $6.17B in 2007, according to VentureSource.
Reuters reports Exxon Mobil (NYSE:XOM) informed the Iraqi government
that it froze its exploration deal with the semi-autonomous Kurdistan
region which angered Baghdad which it considers illegal. Bloomberg
reports not since 1999 have currency traders been bullish on the dollar
for so long, a sign that the market sees the U.S. resuming its role as
the engine of global economic growth. Finally, Bloomberg also reports
Express Scripts' (NASDAQ:ESRX) bid to acquire Medco Health Solutions
(NYSE:MHS) and create the largest U.S. pharmacy-benefits manager may be
delayed by a lawsuit being considered by five states
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