Category: Business
Can The Government Shutdown Really Drive GDP To Zero?

Can The Government Shutdown Really Drive GDP To Zero?

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Not really, at least not during this market quarter or even the next. According to the Bureau of Economic Analysis (BEA), the government would have to be shutdown for at ...

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Eli Lilly & Co Will Acquire Loxo Oncology For $8 Billion In Cash

Eli Lilly & Co Will Acquire Loxo Oncology For $8 Billion In Cash

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Crisis in the stock market As the first week of the New Year begins, Eli Lilly & Co announced its plan to acquire cancer drug specialist Loxo Oncology for $8 billion in ...

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Comcast Facing Class Action Lawsuit in Minnesota Over Rate Hikes and Hidden Fees

Comcast Facing Class Action Lawsuit in Minnesota Over Rate Hikes and Hidden Fees

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Minnesota Attorney General Lori Swanson is suing cable and internet provider Comcast on behalf of customers in the state.  The lawsuit alleges that Comcast lied to customers by ...

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Pfizer and GlaxoSmithKline Announce Merger Plans

Pfizer and GlaxoSmithKline Announce Merger Plans

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Two of the biggest pharmaceutical companies in the world are resting on the verge of a merger that will result in combined sales of almost $13 billion per year. These two ...

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Tivity Health to Buy Nutrisystem for $1.4 Billion

Tivity Health to Buy Nutrisystem for $1.4 Billion

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Nutrisystem has just agreed to accept Franklin-based Tivity Health’s offer to buy the weight loss company for more than $1.3 billion in a cash and stock combo.  In this deal, ...

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US Investigators Increase Probe of Price-Fixing By Generic Drug ‘Cartel’

US Investigators Increase Probe of Price-Fixing By Generic Drug ‘Cartel’

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Federal US investigators are currently looking into the executives at more than a dozen generic-drug companies in relation to a massive price-fixing scheme.  In some ways, this is ...

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Dow Takes A Major Dive on Weak China Data

Dow Takes A Major Dive on Weak China Data

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US stock futures have fallen for the second consecutive day on the heels of shifting trade relations between the United States and China.  Without improvements in this ...

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Verizon Takes $4.6 Billion Loss on Oath Media Business

Verizon Takes $4.6 Billion Loss on Oath Media Business

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Not that long ago, Verizon spent about $10 billion to pick up AOL and Yahoo with the goal to merge them under their Oath division. Unfortunately, the AOL-Yahoo internet-media ...

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Will Altria Group Get Into the Cannabis Industry?

Will Altria Group Get Into the Cannabis Industry?

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Shares of Cannabis company Cronos Group, Inc spiked a few times after the market opened this week after rumors leaked that the Altria Group, Inc had expressed interest in a ...

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Amazon Workers In Europe Strike On Black Friday To Protest Working Conditions and Unfair Practices

Amazon Workers In Europe Strike On Black Friday To Protest Working Conditions and Unfair Practices

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As the holiday season officially begins, workers all over the world prepare for increased traffic in stores.  But as Black Friday comes to a close that does not mean the shopping ...

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