Author: Devin Weiss

IBM Corp. (IBM) recently signed a definitive deal to acquire Kenexa Corp. (KNXA) for approximately $1.3 billion in cash or $46.00 a share. The deal is expected to close in the fourth quarter of 2012. Wayne, Pennsylvania-based...

Energy giant BP plc (BP) expects to resume deep-sea drilling work off the coast of Libya in 2013. The exploration program worth $2 billion was halted by the company in February 2011 following the rebel uprising that led to the...

Novartis AG’s (NVS) cancer drug Jakavi (INC424/ruxolitinib), a novel JAK1/JAK2 inhibitor, recently received approval from the European Commission for the treatment of myelofibrosis (MF), a life-threatening blood cancer....

Fitch Ratings Services has raised its Long-term Issuer Default Ratings (IDRs) and Preferred stock rating on General Motors Company (GM) to ‘BB+’ from ‘BB’ and to ‘BB-‘ from ‘B+,’...

The U.S. Government departments have started making fresh investments in technology. A case in point would be a $41.0 million deal win by Hewlett-Packard Company (HPQ) from the State of Minnesota Department of Public Safety...

Best Buy Company Inc. (BBY) agreed to open its financial statements to founder and former chairman Richard Schulze, thereby allowing him to pursue his plan of buying the beleaguered retail chain. As per the agreement, Schulze...

Deutsche Bank AG (DB) is facing the wrath of the Federal Housing Finance Agency (FHFA). Its unit, named DB Structured Products Inc., has been sued by FHFA over mortgage backed securities, according to a Bloomberg report. In a...

Synergy Pharmaceuticals Inc. (SGYP) recently acquired all assets related to FV-100, an oral nucleoside analogue, from Bristol-Myers Squibb Company (BMY). FV-100 is being developed to treat shingles, a severe painful skin rash...

In an effort to settle a lawsuit with investors related to mortgage-backed securities, Citigroup Inc. (C) has agreed to pay $24.9 million, according to a Reuters report. The investors claimed that Citi had presented misleading...

Cypress Semiconductor Corporation (CY) has raised its all-cash bid to buy all of Ramtron International Corp.’s (RMTR) outstanding stock for $2.88 per share, a 59% premium to Ramtron’s closing price of $1.81 as of...