wye

Wyeth (WYE) shareholders "have voted overwhelmingly" in favor of selling the company to Pfizer (PFE), according to an AP news item. The $68 billion deal made headlines in January when it was announced amidst terrible conditions in global stock and credit markets. The combined company will be the...

Elan Corp. (ELN)'s share price popped over 20 percent earlier today, but by the afternoon was up "only" over 13 percent. Still, not bad at all considering markets are down about 2 percent. The Irish drugmaker and Johnson & Johnson (JNJ) announced today they have signed a deal giving J&J...

Uber-investor Warren Buffett's Berkshire Hathaway (BRK.A) is in danger of losing its credit rating from Standard & Poor's, the credit rating firm said Tuesday, citing concerns that losses on equity investments are sapping the company's strength. Fitch Ratings, another big bond rater, already...