Street today. Two major retail names are getting together. It was endo that ended up being the biggest acquirer. With an agreement to buy par pharmaceuticals. The deal will make Endo International an even bigger player in the fast changing and fast consolidating generic drug sector. Shares of endofell more than 5 . Bertha coombs has more on the deal. Repor drug makers that produce generic drugs are attracting big bucks. Endopaying 8 billion for par pharmaceutical 13e6kly in generics this will position us as a top generics player in the u. S. Endos shares fell some analysts citing costs, par pharma was taken for just 2 billion in 2012. Pfizer recently bought hospira for 16 billion, while teva has been 40 billion dollar for mylon, which is 40 billion for perilow. Its a nice environment to do m a. Companies are looking to fill their pipelines of products. New specialty drugs can command high prices some generic drug prices have skyrocketed. Govern data shows prices for generic cholesterol
Of sleeping. Big things ahead today, right . Youve got the exclusive with schul schultz, we cant wait for that. Its not about the triple pu on. The value of the payments business at starbucks talking about how much its worth and how important it might be here as a rival to some of these card companies. Yeah. Look, bob nardelli made a great point if you can cut out the little big, the vig that visa and mastercard get, if you can make it so someone nearing the store is able to pay for it ahead of time and own the register why should this be limited to starbucks. This is a trillion dollar market and Howard Schultz moved over from his daytoday running on starbucks to focus on this. Is it worth more than the company . Same say it is, i think its a little bit of hyperbole but well find out. So fascinating. The red carpet on the stairs behind you looks like the dolby theater like youre in the Academy Awards and youll sit next to hanks and brad pitt. Wow. I mean, if they show up if Richard She
Consecutive month. A Nobel Prize Winning Economist Says hes worried about the rally and investors could be taking that to heart as the dow pauses after 17 k. Buying a swiss Food Ingredients producer for 3 billion. Apple hiring away from tag heuer. And higher in the premarket once again as options on the Company Shares kick off trading today. First up, wall street hoping for more stock market history this week after the dow hit 17,000 on thursday for first time ever. As for the s p, now within 15 points of 2,000. Earlier on worldwide exchange, Nobel Prize Winning economist stiglitz doesnt believe it signifies an upbeat trend. The very strong stock market prices are in a sense a symptom of the weak economy, not a symptom that were about to have a strong recovery to our real economy. Sounding an awful lot like what the bis said last week and were vulnerable to a 10 to 12 correction and Morgan Stanley get more neutral on risk even though he was bullish at the beginning of the year. People
High, yes, the dow did stay above 17,000 for a second day and the s p did remain a day or twos rally from the 2,000 mark, this summer day on wall street was one for reflection and maybe taking chips off the board t. Dow lost 34 points to finish at 17,024 t. Nasdaq was down 34, its biggest oneday drop in a month and the s p 500 slid 7 or about. 4 of a percent. Some consider whether the average is too high and tthe da modest decline can be what bearish market watchers are expecting. They expregs pressed discomfort with current sky high stock, rather. These very strong stockmarket prices are in a sense a victim of the weak economy, not a sense we are about to have a strong recovery to our real economy. He pointed to the nations growing income inequality as another reason for a weak economic recovery. Byron weeks sees things differently. He says all the commission around the world are doing well. Thats why he is very bullish on stocks right now. He is chairman. Its so nice to have you on t
Pre4th of july parade the record high, yes, the dow did stay above 17,000 for a second day and the s p did remain a day or twos rally from the 2,000 mark, this summer day on wall street was one for reflection and maybe taking chips off the board t. Dow lost 34 points to finish at 17,024 t. Nasdaq was down 34, its biggest oneday drop in a month and the s p 500 slid 7 or about. 4 of a percent. Some consider whether the average is too high and tthe da modest decline can be what bearish market watchers are expecting. They expregs pressed discomfort with current sky high stock, rather. These very strong stockmarket prices are in a sense a victim of the weak economy, not a sense we are about to have a strong recovery to our real economy. He pointed to the nations growing income inequality as another reason for a weak economic recovery. Byron weeks sees things differently. He says all the commission around the world are doing well. Thats why he is very bullish on stocks right now. He is chair