Drugstore chain Walgreen is looking to sell its pharmacy-benefits management business and has hired Bank of America to run an auction.
Continue reading Walgreen Seeks to Sell Pharmacy-Benefits Business
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Welcome to the new world of gaming.
Zynga Game Network, maker of online games such as “FarmVille”, is now worth more than gaming giant Electronic Arts (ERTS), Bloomberg News reported.
Zynga is valued at about $5.51 billion, according to SharesPost Inc, an exchange for shares in privately held companies. Electronic Arts is worth $5.16 billion on the Nasdaq.
Online gamer Zynga makes…
Continue reading Zynga Game Network Now Bigger Than Electronic Arts
Zynga Game Network Now Bigger Than Electronic Arts originally appeared on DailyFinance on Tue, 26 Oct 2010 07:49:00.
Filed Under: Company News, Technology, Media, Electronic Arts
The U.S. automaker reported a $1.7 billion profit on strong demand for its revamped line of products, despite a lackluster economy. Continued growth at its Ford Credit finance unit also helped push profits higher.
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HSBC (HBC) may be considering a bid for Northern Trust (NTRS), a California-based financial services group, The Daily Mail said.
Northern Trust has more than $643 billion of assets under management and counts more than 20% of the wealthiest families in the U.S. among its clients.
“Rumors persist that [HSBC] is lining up a $65 a share cash offer,” the Daily Mail said, without naming…
Continue reading HSBC May Consider Buying Northern Trust
HSBC May Consider Buying Northern Trust originally appeared on DailyFinance on Tue, 26 Oct 2010 07:30:00.
Filed Under: Company News, Investing, Credit, Stocks in the News
General Motors said it will stick to its pledge to keep certain levels of vehicle production in the United States until it has fully repaid the U.S. taxpayer.
GM had proposed making 1.8 million vehicles in the United States this year, with output inc…