Mylan NV shareholders voted Friday in favor of the company’s $35.6 billion bid for Perrigo Co., handing the generic-drug maker ammunition for an attempted hostile takeover of its rival.
A small mutual fund has returned 42% so far this year with an investment strategy involving exchange-traded funds that have been criticized in past years as a “minefield” for individual investors.
Brazil’s big bet on China is turning sour as the Asian country’s once voracious appetite for Brazilian exports dims.
Americans continued to step up their spending in July amid a healthy pickup in wages, a sign the economy carried momentum into the third quarter.
While the Federal Reserve may raise rates in September, persistently low inflation would stay its hand from future increases.
After months of forewarning by the Fed that it is preparing to raise short-term interest rates, some international officials have a message: Get on with it already.
China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that were already making life difficult for U.S. rivals.
Market turmoil in China has further derailed the money-management industry’s flagship effort to bring more-sophisticated—and riskier—investment strategies to small investors.
The Federal Reserve’s No. 2 official, Stanley Fischer, told CNBC the central bank hasn’t settled on whether to raise interest rates next month, and the option remains on the table.
Carl Icahn has taken a stake in Freeport-McMoRan, the copper miner which has recently been a hive of activity in terms of cutting costs and addressing concerns about its balance sheet.