US Drug Maker AbbVie Makes $54B Bid for Shire PLC
The drug company is set to buy Shire PLC in an effort to lower its tax rate by about 50 percent.
Global Stock Market Sell-Off Intensifies
Morning Money Memo… The stock market’s global sell-off shows no sign of ending today. European indexes suffered heavy declines in trading this monring. But is the investor panic overdone? “US financial markets are massively over-weighting the importance of the Eurozone slowdown to U.S. growth,” ...
Cheaper Gas May Mean More Holiday Spending at Stores
Morning Money Memo: The average U.S. family is saving $50 a month on cheaper gas prices, according to Tom Kloza, senior oil analyst at gasbuddy.com. Average pump costs have dropped 15 percent since June, and more price cuts are in the pipeline. The global cost...
Citigroup Socked With $7B Bill for Selling Toxic Mortgages
Morning Money Memo: Citigroup will pay $7 billion to settle a government investigation into the sale and marketing of toxic sub-prime mortgages. Such securities were blamed for fueling the boom and bust that triggered the recession in late 2007. The agreement, announced this morning, came...
Drug Maker Doesn't Want Public to Think 'Popping Vicodin is Trendy or Cool'
A line of popular and controversial t-shirts are the focus of a lawsuit in which drug maker AbbVie Inc. is saying they don't want the public to think "popping Vicodin is a cool 'in' thing to do." Biopharmaceutical company AbbVie is suing Kitson, which runs trendy fashion boutiques under the company
Testosterone Supplements Tied to Heart Attacks, Strokes, Early Death
By Chaitanya Madamanchi, M.D.: Men who take testosterone supplements may be putting themselves at increased risk of death, heart attacks and strokes, according to a study published Tuesday in the Journal of the American Medical Association. The new research looks at more than 8,000 male...
'Low-T' Testosterone Ads Leading to Increase in Prescriptions, Experts Warn
Researchers sounded an alarm today on ads touting the wonders of testosterone treatments. Testosterone is billed by some as a virtual fountain of youth — a miracle drug for middle-aged men looking for a boost from the boardroom to the bedroom. Testosterone: Frequently Asked Questions...
Sofia Vergara Says Her Eggs Are 'In the Refrigerators' for Possible Baby
Sofia Vergara made a surprising announcement today on “Good Morning America,” officially confirming she has frozen her eggs for the possibility of a new baby with fiancé, Nicholas Loeb. “I wanted to make sure I already froze my eggs. I wanted to take advantage of...