Actavis Inc.’s $5 billion deal to buy Warner Chilcott Plc brings in a new stable of brand-name women’s health drugs. It also comes with headquarters relocated to Ireland and lower taxes for the combined company.
Commodity Futures Trading Commission investigators are poring over 1 million e-mails and instant messages as part of their price-manipulation probe of a swaps benchmark that helps determine interest rates on everything from annuities to bonds linked to skyscrapers.
The investigation into possible oil- price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd. were asked to provide information to European regulators.
Any failure of a commodity trader wouldn’t pose a substantial systemic risk to the economy and competitors probably would fill the space, according to Craig Pirrong, professor of finance at the University of Houston.
Former National Football League coach Jack Pardee, who also orchestrated the so-called Run and Shoot offense at the University of Houston that helped Andre Ware win the Heisman Trophy, has died of gall bladder cancer. He was 76.
On a good day, 27-year-old Bobby Timberlake at CME Group Inc. in Chicago rounds up $2.5 billion from the world’s biggest traders and banks such as JPMorgan Chase & Co. to cover their losses in the $639 trillion derivatives markets.