Published on 7 Jun 2016
Stocks
head into the trading day at the highest levels this year. Indexes
rallied to 2016 highs as Federal Reserve Chair Janet Yellen said
interest rate hikes were needed but hedged on the timing of those.
Verizon plans to submit a second-round bid of around $3 billion for
Yahoo core internet business, which was much less than the $8 billion or
so that was expected. The Wall Street Journal says a private equity
firm, TPG Capital, is also expected to make an offer. There could be
another round of bidding before a decision is made. Valeant reported its
delayed first quarter results. Results missed the mark and will cut its
full year earnings and revenue guidance. The new CEO said the company
is making progress in stabilizing its business, which has been through
controversy over price increases, questions about accounting and
concerns over the use of a mail-order pharmacy.
No comments:
Post a Comment