maker bayer outbid rivals for
merck and company's consumer
care business. bayer bought the
unit for 14-billion dollars. it
aims to become the largest over-
the-counter drug maker in the
world. merck shares fell 2% in
trading yesterday.
office depot will close at
least 400 stores -- a quarter
of its outlets. the company
states after merging with office
max last year there was an
overlap of retail locations. the
office supply chain has also
suffers as shoppers buy more
supplies on-line and at bulk
retailers. office depot reported
earnings tuesday that exceed
estimates and backed its full
year forecast sending shares
16% higher.
also turning in earnings. a-i-g.
shares fell 4% as the insurance
giant reported a decline in
operating income for the first
quarter-- as catastrophe losses
rose.
and chipamaker nvdia sold more
graphics cards for computers
and gaming consoles than
analysts expected.
but its stock fell two-percent.
analysts attribute that to due
to the lack of a forecast for
the...