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Notable Ups And Down: Merck & Co. Inc. (NYSE:MRK), Applied Materials (NASDAQ:AMAT), Idera Pharmaceuticals (NASDAQ:IDRA), Installed Building Products (NYSE:IBP), Tutor Perini (NYSE:TPC)
Merck & Co., Inc. (NYSE:MRK) is rumored to be approaching banks to secure a 364-day loan worth $8 billion to partially finance its acquisition of Cubist Pharmaceuticals Inc (NASDAQ:CBST). The bridge loan will help the drug-maker to meet current obligations as far as the transaction is concerned by providing immediate cash flows in pressing circumstances.…
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Market Wrap Up: Cirrus Logic Inc. (NASDAQ:CRUS), Daktronics Inc. (NASDAQ:DAKT), Tutor Perini Corporation (NYSE:TPC), PAREXEL International Corporation (NASDAQ:PRXL), Microsoft Corporation (NASDAQ:MSFT)
Cirrus Logic, Inc. (NASDAQ:CRUS), a manufacturer of mixed-signal integrated circuits (IC) for a broad range of customers, is up after its stock was upgraded from “under-weight” to “overweight” at Barclays. Cirrus Logic Inc. (NASDAQ:CRUS) in last trading activity advanced 21.87% to close at $22.96. Company weekly performance is 24.38% while its quarterly performance stands at…
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Market Alert: ConocoPhillips (NYSE:COP), JetBlue Airways Corporation (NASDAQ:JBLU), Penske Automotive Group (NYSE:PAG), BP p.l.c. (NYSE:BP), Tutor Perini Corporation (NYSE:TPC)
ConocoPhillips (NYSE:COP) announced that it would be reducing its investment spending by 20 percent next year. Royal Dutch Shell and Total have already been limiting spending on their projects and selling off properties. ConocoPhillips (NYSE:COP) in last trading activity advanced 0.11% to close at $63.61. Company weekly performance is -8.22% while its quarterly performance stands…