Liberty Global eyes Cable & Wireless Communications deal
Liberty Global confirms talks to buy U K based Cable & Wireless Communications in a potential over five billion dollar deal. C W has over five million customers while Liberty Global serves about 27 million in fourteen countries across the U K Europe and Latin America.
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Liberty Global
Cable & Wireless Communications
Caribbean
Central America
Wall Street Journal
C&w
Liberty
U.K
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McDonalds outpaces Chipotle as growth redefines fast food
McDonalds delivers third quarter profit of 1.40 a share beating estimates by 9.4 percent while Chipotle misses. Diluted earnings per share before items jump 284 percent at McDonalds. revenue falls 5.3 percent but improves from prior quarter. Stocks rally as McDonalds leads Dow gains and ECB signals possible stimulus.
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Wisconsin
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Mario Draghi
Valeant shares slump as regulator calls allegations worrying
Valeant Pharmaceuticals International stock fell 7.37 percent to 109.87 after a regulator called allegations surrounding the Canada based drugmaker worrying and a Citron Research report accusing it of phantom accounts. BMO Capital Markets downgraded Valeant to Market Perform with a 141 target, citing concerns over its specialty pharmacy network and potential regulatory risks. Separately, federal prosecutors have subpoenaed Valeant over drug pricing and distribution policies connected to Philidor RX Services and its network, including R&D Pharmacy.
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Valeant Pharmaceuticals International
Valeant
Citron Research
BMO Capital Markets
Canada
Bank of Montreal
BMO Capital
Alex Arfaei
Citron
Arfael
Québec
Autorité Des Marchés Financiers
Sylvain Théberge
Massachusetts
New York
Philidor RX Services Unit
R&d Pharmacy
California
Philidor
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