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Updated: 23 min 47 sec ago

Staffing companies shares mixed at 10 a.m.

Mon, 11/17/2014 - 11:10am
Shares of some top staffing companies are mixed at 10 a.m.: Kelly Services Inc. class A rose $.12 or .8 percent, to $15.54.
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Valeant Can't Justify Matching Actavis Bid for Allergan

Mon, 11/17/2014 - 10:41am
Valeant Pharmaceuticals International Inc Chief Executive Michael Pearson said on Monday that the company can't justify matching Actavis Plc's $219 per share bid for Allergan Inc.
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Supreme Court denies plastic exec's appeal of fines in SEC fraud case

Mon, 11/17/2014 - 10:18am
The Supreme Court won't hear an appeal from a New Jersey plastics industry executive who was ordered to pay $49.5 million for lying about his ownership of a music retailer's stock.
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Actavis to Acquire Allergan for $66 Billion

Mon, 11/17/2014 - 10:17am
Actavis said it would acquire Allergan for a stock and cash deal totaling about $66 billion, or $219 per share, creating a top 10 global pharma company.
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Report: Facebook Developing Professional Website 'Facebook at Work'

Mon, 11/17/2014 - 10:10am
Facebook Inc is secretly working on a new website called "Facebook at Work" that would allow users to keep their personal profile separate from their work profile, the Financial Times reported.
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UK's Cameron Sees 'Red Warning Lights' for World Economy

Mon, 11/17/2014 - 10:08am
At the G-20 summit Cameron said ‘red warning lights are flashing on the dashboard of the global economy’ and that the crisis that brought the world to its knees may happen again.
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H&M October Sales Up 14%, Beats Expectations

Mon, 11/17/2014 - 10:06am
Hennes & Mauritz <HMb.ST>, the world's second-biggest fashion retailer, posted on Monday a 14 percent rise in October sales from a year ago, beating forecasts.
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Supreme Court to consider whether second mortgage can be voided in bankruptcy

Mon, 11/17/2014 - 10:05am
The Supreme Court will decide whether homeowners who declare bankruptcy can void a second mortgage if the home's market value has dropped below the amount they owe on their first mortgage.
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Japanese ADRs Sell Off Ahead Of Monday's Open

Mon, 11/17/2014 - 9:59am
The U.S.-listed shares of Japanese companies are indicated lower in premarket trade Monday, after data showing that Japan's economy surprisingly fell into a recession.
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Pfizer: Merck Deal Makes it 'Competitive' in Immuno-Oncology

Mon, 11/17/2014 - 9:55am
Pfizer's (NYSE:PFE) deal to buy rights to a promising drug from Germany's Merck KGaA will enable it to compete strongly in the fast-growing field of cancer immunotherapy, its research head said.
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Fed hosts meeting with banks, regulators on LIBOR alternatives

Mon, 11/17/2014 - 9:51am
The Federal Reserve said it is hosting a meeting on Monday with banks and regulators to discuss the development of a reference rate alternative to LIBOR, the London interbank rate that was at the center of a global rigging scandal.
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Second Ebola Patient In U.S. Dies

Mon, 11/17/2014 - 9:43am
Dr. Martin Salia, the Ebola patient who was being treated at a hospital in Omaha, Neb., has died.
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US factory production rises just 0.2 percent in October; slowdown in autos limits growth

Mon, 11/17/2014 - 9:34am
U.S. manufacturing output grew modestly in October, as autoworkers churned out fewer cars and trucks.
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Empire State Index Rebounds To 10.2 In November

Mon, 11/17/2014 - 9:30am
The Empire State manufacturing index, the first of the many regional manufacturing gauges to be released, rebounded a bit to 10.2 in November from 6.2 in October, the New York Fed said Monday.
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Fed Meeting With Major Banks, Regulators To Develop Libor Alternative

Mon, 11/17/2014 - 9:30am
The Federal Reserve said Monday it is meeting with representatives from 15 banks as well as U.S. and foreign regulators to discuss the process for developing risk-free reference rate alternatives to the current London Interbank Offered Rate for use in derivative contracts.
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Empire State Manufacturing Activity Heats Up in November

Mon, 11/17/2014 - 9:29am
The NY Fed's gauge of regional manufacturing activity rose in November, slightly below expectations, but higher than a previous October reading.
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Commodities Slump Threatens Return to 'Junk' for Some EMs

Mon, 11/17/2014 - 9:26am
Slumping prices for oil and other commodities and the prospect of rising global interest rates threaten to return some of the biggest emerging market (EM) nations to "junk" credit ratings, laying bare many countries' failure to reform in the good times.
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Report: Actavis Near Buyout Deal with Allergan

Mon, 11/17/2014 - 9:15am
Allergan Inc is close to a buyout deal worth up to $65.5 billion by Actavis Plc, one that could end months of pursuit by Canada’s Valeant Pharmaceuticals and William Ackman's hedge fund, Pershing Square Capital Management, according to a person familiar with the matter.
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Pfizer's Stock Drops After Profit Outlook Cut

Mon, 11/17/2014 - 9:04am
Pfizer's stock fell 1.6% in premarket trade Monday, after the blue-chip drug maker lowered its 2014 profit outlook following its agreement to team up with Germany's Merck KGaA to develop new cancer treatments.
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Japan Falls into Surprise Recession

Mon, 11/17/2014 - 9:00am
Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.
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