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Updated: 12 min 16 sec ago
Abbott Laboratories said it agreed to buy medical device maker St. Jude Medical for $25 billion to add heft to its heart and neurological devices business.
Ford reported an adjusted 1Q profit of $0.68 per share, topping the estimate for $0.48. Revenue for the automaker came in at $37.7 billion, also beating the estimate for $35.68 billion.
Dow Chemical Co. reported Thursday first-quarter earnings of $169 million, or 15 cents a share, down from $1.39 billion, or $1.18 a share, in the same period a year ago.
Dunkin' Brands Group Inc. on Thursday posted quarterly results that exceeded expectations.
Aetna, which is in the process of buying rival Humana, reported first-quarter operating earnings that topped analysts' estimates as the health insurer added more members to its government plans.
Time Warner Cable Inc. posted first-quarter earnings ahead of expectations on Thursday, driven by what the company called "robust" customer growth.
French drugmaker Sanofi went public with a $9.3 billion offer to buy Medivation on Thursday, setting up what could be a lengthy takeover fight after the U.S. cancer firm rebuffed its approaches.
Many big chipmaker buyouts have occurred over the past year, but the wave of market consolidation probably won't end anytime soon, since major chipmakers still must expand their portfolios or bolster their manufacturing capabilities to stay competitive.
Time Warner Cable, which is being bought by Charter Communications, reported a 7.2 percent rise in revenue as it added more high speed data customers.
Oil futures steadied after setting a 2016 high on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon.
Volkswagen has a chance of posting solid growth in its operating business this year even as it grapples with its diesel emissions scandal and a strategic repositioning, Chief Executive Matthias Mueller said.