Want to join the conversation?
$MNK said it agreed to sell its Nuclear Imaging business to IBA Molecular (IBAM), for about $690MM before tax impacts. This includes up-front and contingent consideration and the assumption of long-term obligations. Starting in 4Q16, $MNK will report the Nuclear Imaging business as a discontinued operation. Closing is expected in calendar 1H17.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.