A new front has opened in the battle between activist investors and board directors, after Allergan after Bill Ackman and Valeant Pharmaceuticals made a $46bn joint bid for Allergan, a rival drugs maker.
No one likes the tax man, but paying some badly behaved IRS employees a bonus isn't helping. NEW YORK (CNNMoney). The IRS was in damage control mode Tuesday after an audit revealed that it paid bonuses to employees who were in trouble over tax ...
New York. Corporate deals and some solid earnings reports propelled the stock market on Tuesday to its sixth straight gain. Allergan surged after Valeant Pharmaceuticals said it had teamed up with activist investor Bill Ackman to bid for the Botox maker.
McDonald's said Tuesday that its profit slipped in the first quarter as global sales remained weak for the world's biggest hamburger chain.
The US housing market has cooled over the past several months, hampered by high mortgage rates and (like everything else), an unusually bad winter.