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AT&T To Repurchase 300 Million Shares

Mon, 03/31/2014 - 9:59am
AT&T Inc. said Monday that its board of directors approved a new plan to repurchase 300 million shares of stock, or about 6% of its current shares outstanding.
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Apache to Shed Canadian Assets for $374M

Mon, 03/31/2014 - 9:56am
Apache agreed to sell oil and natural gas assets in western Canada for $374 million, as the energy producer continues to shed pieces of its portfolio.
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Yellen: Fed's 'extraordinary' Aid To Last For Some Time

Mon, 03/31/2014 - 9:52am
Federal Reserve Chairwoman Janet Yellen said Monday that the recovery still feels like a recession to many Americans, which is why the central bank will keep its "extraordinary" support for the economy for "some time to come."
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Chicago PMI Falls in March

Mon, 03/31/2014 - 9:50am
Midwest manufacturing activity fell in March, significantly below Wall Street estimates, a closely-watched gauge showed Monday.
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GE Explores $2.75 Billion Sale Of GE Money Bank Nordics: Sources

Mon, 03/31/2014 - 9:49am
GE is exploring a sale of its GE Money Bank unit, which could fetch $2.75 billion, as it retreats from the finance sector.
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Chicago Business Gauge Falls To 55.9 In March

Mon, 03/31/2014 - 9:49am
A gauge of Chicago-area businesses tumbled in March, hitting the lowest level since August, led by drops for new orders and employment, according to data released Monday.
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Microsoft, Micron Lead Techs Higher

Mon, 03/31/2014 - 9:42am
Technology stocks joined a broad market rally early Monday, propelled by rising shares of Microsoft Corp. and Micron Technology.
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U.S. Stocks Open Higher; Dow Jumps Over 100 Points

Mon, 03/31/2014 - 9:35am
The U.S. stock market began trading Monday - the last day of the month and quarter - on an upbeat note.
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Report: Citigroup's Stress Test Hampered by Audit Lapses

Mon, 03/31/2014 - 9:30am
The Federal Reserve’s decision to reject Citigroup’s capital plan was reportedly caused in part by weaknesses in the banking conglomerate’s auditing and controls.
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Johnson & Johnson Inks $4B Sale of Ortho Arm to Carlyle

Mon, 03/31/2014 - 9:00am
Johnson & Johnson signed off on a $4 billion bid from private-equity giant Carlyle Group to acquire the blue-chip company’s blood-testing business.
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U.S. Too-big-to-fail Subsidy As High As $70 Billion, IMF Says

Mon, 03/31/2014 - 9:00am
The too-big-to-fail subsidy that banks implicitly enjoy was worth up to $70 billion in the U.S. and $300 billion in the euro area in 2012, the International Monetary Fund said Monday.
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Gold Above 6-Week Low; Set For First Monthly Decline This Year

Mon, 03/31/2014 - 8:35am
Gold was little changed on Monday, trading close to a six-week low and headed for its first monthly decline this year as growing optimism about the U.S. economy eroded investment interest and encouraged appetite for riskier assets.
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Alibaba Invests $692 Million In Chinese Department Store Operator

Mon, 03/31/2014 - 8:21am
China's Alibaba Group Holding Ltd agreed to invest $692 million in a Chinese department store operator as the e-commerce giant looks to bring the benefits and convenience of online shopping to customers who visit real bricks-and-mortar stores.

 

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Cisco Rival Arista Networks Files For IPO

Mon, 03/31/2014 - 8:06am
Arista Networks Inc, which makes network switches for large data centers, filed for an initial public offering on Monday, the latest in a string of cloud computing firms tapping investor enthusiasm around the technology.
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J&J Sells Ortho-Clinical Diagnostics For $4 Bln

Mon, 03/31/2014 - 8:00am
Johnson & Johnson said Monday it agreed to sell its Ortho-Clinical Diagnostics unit to the Carlyle Group for about $4 billion in a deal expected to close midyear.
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U.S.-listed Shares Of Prana Sink After Drug Trial

Mon, 03/31/2014 - 7:49am
U.S.-listed shares of Prana Biotechnology Ltd. plunged 63% in premarket trade after a Phase II drug trial for PBT2, which is aimed at treating Alzheimer's disease, failed to meet its primary endpoint.
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Drugmaker GSK To Invest $200 Million In African Factories, R&D

Mon, 03/31/2014 - 7:38am
Drugmaker GlaxoSmithKline plans to invest up to 130 million pounds ($216 million) in Africa over the next five years as it bets on the importance of the continent in driving long-term demand for medicine.
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Report: Comcast Considers $2.5 Bln More In Share Buyback

Mon, 03/31/2014 - 7:28am
Comcast is planning to increase its share buyback by more than 80% as its takeover of Time Warner prepared to undergo regulatory review. 
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Amazon Workers In Germany Strike Again In Protracted Pay Dispute

Mon, 03/31/2014 - 7:24am
Hundreds of Amazon workers in Germany went on strike Monday, the first stoppage this year in a  pay dispute that's dragged on for months.
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Stock Futures Climb as European Inflation Cools

Mon, 03/31/2014 - 7:22am
U.S. stock-index futures climbed on Monday after a weak inflation reading from Europe heightened hopes the ECB will cut rates this week. 
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