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Washington Prime Group has agreed to buy Glimcher Realty Trust in a stock-and-cash deal valued at $4.3 billion, including debt.
Prices at the wholesale level were flat in August, pointing to muted inflation pressures that should see the Federal Reserve in no hurry to raise interest rates.
Falling gasoline and food costs kept prices at the wholesale level flat in August, another sign of receding inflationary pressure.
Hertz said Tuesday it entered into a definitive agreement with billionaire investor Carl Icahn to appoint three new members to its board of directors.
Allergan Inc (NYSE:AGN) and its suitors Pershing Square Capital Management and Valeant Pharmaceuticals Inc settled their pending litigation before the Delaware Court of Chancery and agreed to hold a special shareholder meeting on the originally scheduled date, Dec. 18.
Canaccord analysts said Tuesday they are sticking with a hold rating on Coach Inc. shares, citing its attractive dividend yield -- of 3.7% --- and the company's appeal to private-equity funds.
Global shares hit a one-month low on Tuesday as investors refrained from placing strong bets before a Fed meeting that could adjust expectations about how soon the U.S. central bank will hike interest rates.
Shares of Tesla Motors edged up 0.3% in premarket trade Tuesday, after Global Equities Research analyst Trip Chowdhry suggested Monday's tumble provided a good opportunity for investors to buy.
The largest U.S. pension fund will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.
BP will cut 275 staff and contractor jobs in its Alaska operations early next year after the sale of its interests in four oil fields in the North Slope area.
U.S. equity futures fell as risk-averse investors fretted the FOMC meeting will deliver a hawkish tone on interest rates.
It seems no matter what it does to stand out in a big box store world, this small box store's world just keeps getting smaller and smaller.
Eli Lilly said it would pay U.K. drug maker AstraZeneca up to $500 million in development and regulatory milestone payments, as part of a new agreement to co-develop and commercialize AstraZeneca's Alzheimer's treatment.
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average) down 0.4% ; Hong Kong (Hang Seng Index) trade delayed by typhoon ; Shanghai (Shanghai Composite Index) down 0.2% ; Sydney (S&P/ASX 200) down 0.1% ; Seoul (Kospi) up 0.4% Taipei (Taiex) down 0.4% Copyright © 2014 MarketWatch, Inc.
The morning trading session for Hong Kong markets has been cancelled due to rough weather caused by Typhoon Kalmaegi, according to a statement by the city's exchange operator Tuesday morning.
Australian stocks nosed lower early Tuesday, with the S&P/ASX 200 down 0.1% about 50 minutes into trade, extending a 1% drop in the previous session.
Japanese stocks started lower Tuesday despite benchmark futures having shown gains ahead of the open, with the market catching up to losses in Hong Kong and Sydney the previous day when Tokyo was closed for holiday.
The cost of the South Dakota portion of TransCanada Corp's Keystone XL pipeline has more than doubled to $1.974 billion in the last four years the project has awaited federal approval, the company said in a petition filed with the state Public Utilities Commission on Monday.
United Airlines says it will offer flight attendants up to $100,000 in severance if they leave the company.
Duke Energy plans to invest $500 million in solar power to meet North Carolina's requirement that more of its electricity come from renewable energy, the country's largest electricity company said Monday.