Bringing CEO Michael Pearson back to Valeant doesn’t address the pharmaceutical company’s long-term issues.
Since late 2014, China has cut interest rates six times and cut bank required reserves five times, the latest such move on Monday. Taken together, that is a fair chunk of stimulus. Yet growth keeps slowing.
Support from a major advisory firm could help Western Digital close its merger with SanDisk. A bigger help may come from the large number of shareholders who stand to lose if the deal fails.
The ISM Manufacturing Index will likely be weak again, but it won’t be bad enough to induce an economic recession.
Citi is the latest big U.S. bank to bail out of China, reversing a charge that started in the early 2000s.
A deal with the U.S. e-commerce giant can help Morrison’s manufacturing business, but potentially at the expense of its fast-growing online arm.
Eurozone inflation turned negative again, but the pressure for the ECB will really come from the weak core reading.
Narendra Modi’s budget will make bond investors happy. But broader economic jolts, such as fully recapitalizing state banks, remain elusive.
Launches of some new drugs are having a slow start in the U.S. raising concerns that wary payers are erecting barriers to their take up.
Even with the latest reserve-ratio cut by the People’s Bank of China, the country has reached an inflection point: A substantial chunk of new debt just goes to pay old debt, creating little real economic activity.
Valeant’s fundamental risks are too severe to suggest the stock is poised for a lasting rebound.
LendingClub's new arrangement with its partner bank is a reminder that FinTech can't disrupt everything.
Rising defaults on auto loans are a risk that bears watching for bank investors.
U.S. companies borrowed heavily in recent years but often bought back stock rather than investing in their business. That could spell trouble ahead.
Apple investors are keeping a longer-term perspective as the tech giant's fight with the federal government unfolds.
Even if Spanish telecom incumbent Telefonica manages to sell its U.K. business O2, its stretched balance sheet makes its dividend vulnerable.