Healthcare companies on a seven-year tear have been top performers so far in 2015, helping to push broad stock indexes to record levels, but traders are now looking to protect themselves from a selloff as they await major earnings reports in the sector.
United States
Mylan says Teva offer too low; criticizes stock, growth prospects
Mylan NV (MYL.O) rejected Teva Pharmaceutical Industries Ltd's (TEVA.TA) $40 billion takeover offer on Monday, saying in a scathing letter that it grossly undervalued the company and that Mylan has no interest in payment in what it termed "high-risk" Teva stock.
Time Warner Cable open to merger talks with Charter - sources
Time Warner Cable Inc (TWC.N) is open to merger discussions with Charter Communications Inc (CHTR.O) following a failed $45 billion bid by Comcast Corp CMSA.O, according to people familiar with the matter.
Wall Street opens up, Nasdaq closer to record ahead of Apple earnings
Wall Street was higher at the open on Monday and the Nasdaq inched closer to its record intraday high ahead of Apple's (AAPL.O) results after the close.
SEC's stock market reform club locks out retail brokers
The U.S. Securities and Exchange Commission is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages.
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U.S. business investment spending plans fell for a seventh straight month in March, weighed down by a strong dollar and lower energy prices, suggesting the economy was struggling to rebound from a recent soft patch.
Starbucks Corp said on Friday night that an outage affecting payment systems at a number of its stores in the United States and Canada had been resolved.
Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggests.
The Nasdaq Composite and S&P 500 chalked up record high closes on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft.
Starbucks Corp said on Thursday sales at its coffee shops in the Americas region grew more than expected, boosted by sales of breakfast sandwiches, lunch and new drinks, such as Flat White.
Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.
Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business.
Comcast Corp plans to drop its $45 billion offer to buy Time Warner Cable Inc in the face of opposition from U.S. regulators, Bloomberg reported on Thursday, citing people with knowledge of the matter.
Most U.S. companies so far this earnings season have managed to beat Wall Street profit forecasts despite weak sales, but investors hoping corporate headwinds have died down may need to temper their enthusiasm.
