Business

Northern Lights could be visible over Bath thanks to rare magnetic storm

NOAA estimates the CME or a high-speed solar wind stream now headed towards Earth might produce a Kp number of 7 (Strong) during the first 24 hours and a Kp number of 6 (Moderate) during the second 24 hours, but that's never fully known until it hits Earth.

Business

KeyCorp to acquire First Niagara

That is what New York Senator Charles Schumer had to say Friday upon hearing about the proposed takeover of Western New York's second biggest bank. First Niagara, like other regional banks, has been squeezed by low interest rates, sluggish loan demand in its upstate New York and Pennsylvania markets, and pressure from impatient investors who would rather cash out now than gamble on growth after years of low bank profits.

Business

CVS Health Corp (CVS) Gives Up Triple-Digit Territory After Earnings

Given the solid performance this quarter and the closing of the acquisition of Omnicare , the company narrowed guidance for the full year 2015 by raising the low end, and now expects to deliver Adjusted EPS of $5.14 to $5.18, up from $5.11 to $5.18.

Business

HSBC quarterly profit surges by third as costs fall

But the banking giant said that revenue had dropped in the wake of Asian market volatility. Asia-focused lender HSBC Holdings PLC (HSBA.L,HSBC) Monday said its third-quarter profit before tax jumped 32 percent from the previous year despite a fall in revenues as it incurred lower fines, settlements, and redress for UK customers.

Business

Valeant shares tumble as report questions company finances

Valeant said Monday that it has an option to acquire Philidor. But, BMO wrote, Valeant's relationship with Philidor (and Philidor's relationship with another specialty pharmacy, R&O ) "casts uncertainty over the rest of the business". "Specialty pharmacies have been selectively used in certain therapeutic markets as an alternative to traditional distributions". Horizon Pharma Plc and Endo global Plc., two other specialty pharmaceutical companies, said they don't have ownership interests ...

Business

U.S. Fed proposes new rule to reduce bailout risks

The Fed estimates that all together, the less-safe banks are going to need to raise a collective $120 billion in debt. A few requirements must be met by January 1, 2019, while more-stringent requirements must be met by January 1, 2022. The reforms will affect eight large, interconnected banks, such as JPMorgan Chase & Co, Goldman Sachs Group Inc., Wells Fargo & Co., Bank of America Corp., Morgan Stanley, Citigroup Inc., State Street Corp.