Citigroup on Monday morning reported third quarter net income of $2.2 billion, topping Wall Street estimates and marking its third consecutive quarterly operating profit. Citi shares were up as much as 2.3% in premarket tradin…
In a sign that Yahoo is accelerating its efforts to join the social media revolution, word was leaked this weekend of a new offering, dubbed Y Connect, which would allow its customers to sign up for and sign onto media sites an…
Northeast Utilities is buying NSTAR for about $4 billion in a no-premium deal. The companies agreed to a stock-for-stock merger of equals with a total enterprise value of $17.5 billion to create a company with nearly 3.5 millio…
As usual, expectations are high, but Apple has a way of exceeding optimistic hopes, partially because it tends to low-ball financial expectations. The only possible hitch: Apple is having trouble making enough products to meet …
At a recent life-sciences conference in Stockholm, execs of several U.S. and foreign biotechs clashed with Big Pharma in a lively debate on the merits of their respective goals and products. The result, however, was a stand-off…