Mubarak Steps Down, and Stocks Go Up [Video]

The embattled Egyptian president’s resignation lifted a cloud worldwide, and investors responded. More encouraging economic news also helped equities on Friday as the consumer sentiment index rose to a slightly better-than-expe…

Still No Deal Between Sanofi-Aventis and Genzyme

What is preventing the French pharmaceutical group and U.S. biotech from reaching a merger agreement?
Continue reading Still No Deal Between Sanofi-Aventis and Genzyme

Still No Deal Between Sanof…

Consumer Sentiment Jumps to Highest Level Since June

Another good week for the U.S. economy: Initial jobless claims fell below the key 400,000 level, and the consumer sentiment index rose to its highest point in eight months, indicating that Americans are increasingly confident t…

What’s Behind the Share-Buyback Binge?

Companies that have piled up cash over the past few years are finding one good use for it: Repurchasing their own shares. January alone saw $57 billion in buybacks, compared with $357 billion for all of 2010. While buybacks don…