What Facet Brings to Abbott

March 10th, 2010 / No Comments » / by Minyanville

Facet Biotech's (FACT) white knight came in the form of Abbott Laboratories (ABT) on Tuesday night when the Illinois-based pharmaceutical company squashed Biogen Idec’s (BIIB) takeout offer to gain control of the Redwood California-based biotech.Abbott is paying $27 per share or $450 million in cash for Facet. The deal is worth $722 million when Facet's cash and securities worth $272 million aren't factored into the equation. The deal is expected to close in the second quarter. Facet’s stock shot up 66% during off-hours trading to open the day just under $27 per share. The deal 2010 03 1

Oil cools after inventory report

March 10th, 2010 / No Comments » / by Latest stock market news from Wall Street - CNNMoney.com

Oil prices fell Wednesday, after a closely watched report showed a smaller than expected increase in oil supplies and a dip in gasoline inventory.

Biotechs Jump on Facet, Intermune Deal

March 10th, 2010 / No Comments » / by Barron's

2010 03 10 11:10

U.S. Stocks Rise, Helped by Inventory Data

March 10th, 2010 / No Comments » / by Wall Street Journal

2010 03 10 11:07

Citi, AIG, Fannie and Freddie: The Not Fab 4

March 10th, 2010 / No Comments » / by Latest stock market news from Wall Street - CNNMoney.com

Investors had a funny way of commemorating the first anniversary of the market's bottom on Tuesday. They rewarded some of the stocks responsible for most of the problems in the first place.

Citi, AIG, Fannie and Freddie: The Not Fab 4

March 10th, 2010 / No Comments » / by Latest stock market news from Wall Street - CNNMoney.com

Investors had a funny way of commemorating the first anniversary of the market's bottom on Tuesday. They rewarded some of the stocks responsible for most of the problems in the first place.

Markets edge higher after M&A activity

March 10th, 2010 / No Comments » / by Thomson Reuters

U.S. stocks drifted higher on Wednesday following several merger and acquisition deals, overshadowing an unexpected drop in January wholesale inventories. 2010 03 10 10:19

Abbott Bids 66% Premium for Facet’s Drugs

March 10th, 2010 / No Comments » / by Barron's

2010 03 10 10:15

Treasurys dip ahead of auction

March 10th, 2010 / No Comments » / by Latest stock market news from Wall Street - CNNMoney.com

Treasurys traded lower Wednesday morning ahead of a government auction of $21 billion in 10-year notes.

Stocks led higher by bank, tech shares

March 10th, 2010 / No Comments » / by Latest stock market news from Wall Street - CNNMoney.com

Stocks rose Wednesday as strength in the financial services and technology sectors outweighed a pair of mixed economic reports.