Warren Buffett“A public opinion poll is no substitute for thought.”
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Novartis seeks to buy rest of Alcon for $39 billion »
ZURICH (Reuters) – Swiss drugmaker Novartis aims to buy the rest of the world’s biggest eye care firm Alcon for $39.3 billion, including Nestle’s majority stake, to help it diversify away from prescription drugs.
Novartis said on Monday it was exercising an option to buy a 52 percent stake in Alcon from Nestle for $28.1 [...]
Watson Wyatt completes $4 billion merger with Towers »
TW.N
) completed its merger with rival Towers Perrin Forster & Crosby to form a combined company called Towers Watson & Co that will make its U.S. trading debut on Monday.
Towers Watson, which competes with consultancies such as Hewitt Associates (
HEW.N
MMC.N
), valued the merger at $4 billion in a statement on [...]
U.S. delays its $5 billion Citi sale after weak pricing »
U.S. delays its $5 billion Citi sale after weak pricing
NEW YORK/WASHINGTON (Reuters) – The U.S. Treasury delayed a plan to sell its $5 billion of Citigroup Inc shares after a stock offering by the bank attracted weak demand and priced at a much lower-than-expected $3.15 a share.
The bank sold $20 billion of stock [...]
Abu Dhabi gives Dubai $10 billion in surprise bailout »
DUBAI (Reuters) – Abu Dhabi provided its flashy but debt-laden neighbor Dubai a $10 billion lifeline to last its troubled flagship company until the end of April, heading off a bond default on payment day and sending Gulf markets higher.
Dubai World, the conglomerate at the center of a $26 billion debt storm, still needs [...]
Japan unveils $81 billion economic stimulus »
TOKYO (Reuters) – Japan’s government agreed on a $81 billion stimulus package on Tuesday, aimed at preventing the economy from tipping back into recession as deflation persists and a strong yen threatens exports.
Economists said the 7.2 trillion yen plan, equal to about 1.5 percent of gross domestic product, would not provide a significant lift [...]