Worst Over, for Now: ‘Govt. Takes Disaster Off the Table,’ says Strategist Bleier

With the market having fulfilled his prior “crash-ette” prediction, Scott Bleier, president of HybridInvestors.com, believes “the worst is over… for the summer.”The

Drug deal

In what looks like the perfect prescription for growth, Teva Pharmaceutical is buying rival generic drugmaker Barr Pharmaceuticals Inc. The over $7 billion deal, plus about $1.5 billion in debt, is aimed at expanding Teva’s leadership in the U.S. market and fortifying its presence in Europe. Israel-based Teva, the world’s largest generic drug company, plans […]

Take back the economy

A throng of union leaders, New York City council members, and service workers descended on Kohlberg Kravis Roberts’ New York headquarters on Thursday,  to pressure Henry Kravis, one of the buyout giant’s founders, to pay more taxes.
The crowd of more than 150, some brandishing placards with slogans such as “No tax breaks for Buyout CEOs” and “Take back the economy”, was made […]

Despite deal, Cubans may not crack open Budweisers soon

Anheuser-Busch’s “Cuba defense” against a takeover by Belgium-based InBev may have gone flat after the Budweiser folks agreed to be bought out, but don’t expect to see America’s top-selling beers in Havana bars any time soon.  
InBev brews and sells Beck’s, Bucanero, Cristal and Mayabe beers in Cuba through a 50/50 joint venture with the Cuban […]

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