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J&J, Actelion End Speculation With $30B Hook Up

J&J, Actelion End Speculation With $30B Hook Up

After negotiations dating back to August, Johnson & Johnson (NYSE: JNJ) has agreed to acquire Swiss biopharma Actelion (SIX: ATLN) for $280 per share in cash (about CHF280), far outstripping Morningstar’s fair-value estimate of CHF112. J&J plans to use US […]

Larry Fink’s Annual Letter To CEOs

Larry Fink’s Annual Letter To CEOs

Larry Fink’s annual letter to CEOs is in danger of becoming an eagerly anticipated event. The boss of the world’s largest money manager, BlackRock, is perhaps not loved to quite the same degree as Warren Buffett, but he is respected […]

Airbnb Turns Its First Profit

Airbnb Turns Its First Profit

Airbnb recorded quite the achievement late last year: reaching profitability, according to Bloomberg. The $30 billion room-booking giant reportedly turned its first profit in the second half of 2016 and expects to continue that profitability into 2017, before interest, taxes […]

Blackstone Closes 2016 On Hot Streak

Blackstone Closes 2016 On Hot Streak

Blackstone has announced its economic net income reached $811.6 million last quarter with the release of its 4Q earnings report, an 86% YoY increase that’s equivalent to 68 cents per share, exceeding the consensus expectations of industry analysts for the […]