Author Archive

» Burger King Agrees to $4 Billion Private Equity Offer

Burger King agreed on Thursday to sell itself to an investment firm with roots in Brazil in a deal valued at $4 billion, including the assumption of debt. The deal is the largest leveraged buyout of a fast-food chain ever, according to the market researcher CapitalIQ, and the second for Burger King in the last Read More… »

» Fed Minutes Boost Agency Mortgages, Treasurys

NEW YORK (Dow Jones)–The release of the minutes of the Federal Open Market Committee meeting Aug. 10 helped boost agency mortgage bonds and Treasurys Tuesday. The minutes showed the Federal Reserve hasn’t ruled out reinvesting in mortgages, and Treasurys held onto gains after the release. Most Fed policy makers agreed the new strategy of reinvesting Read More… »

» Plavix Rival Gains From Studies

STOCKHOLM—Two new studies presented Sunday question the value of using a genetic test to guide long-term use of the blood thinner Plavix. The results are a potential boon for AstraZeneca PLC and its blood thinner Brilinta, which was shown in an earlier study to be superior to Plavix and which is awaiting the U.S. Food Read More… »

» AgriBank, Guangzhou Automobile, Soho: Hong Kong Equity Preview

Aug. 30 (Bloomberg) — The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close. The Hang Seng Index dropped 0.1 percent to 20,597.35. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, declined 0.4 percent Read More… »

» Nikkei jumps after yen slips on BOJ easing speculation

 TOKYO, Aug 30 (Reuters) – Japan’s Nikkei average rose 3.1 percent on Monday after the yen slipped as the Bank of Japan began an emergency policy meeting and after revised second quarter U.S. GDP was less gloomy than expected. Expectations that steps by Japanese authorities aimed at stemming strength in the yen led to short-covering, Read More… »