Valeant Pharmaceuticals raised its hostile bid for fellow drugmaker Allergan Wednesday morning as the campaign increasingly turned into a debate about Valeant’s own business model. Investors seemed unimpressed as Valeant’s stock fell 2.3% to 126.95 while Allergan’s slid 5.4% to 156.12. Valeant (VRX) added $10 a share in cash to last month’s original offer of $48.30 plus 0.83 of a Valeant share for each Allergan (AGN) share, coming to a total of
Security firm Palo Alto Networks posted fiscal Q3 earnings late Wednesday that exceeded expectations, as did its Q4 outlook, sending shares rising 10% after hours. The company also announced that it had settled its three-year patent dispute with Juniper Networks (JNPR) and ended all litigation. Palo Alto Networks (PANW) ended the quarter with more than 17,000 customers, up from 16,000 in fiscal Q2 and marking its highest customer-acquisition rate
This time of year offers plenty of opportunities to give tech gifts. With Father’s Day ahead and graduations on tap, here are some gift ideas that might make the grade. With summer near, it’s time to hit the beach. And if you’re with lots of friends, you’ll want to take your music with you. Nyne’s $129 TT speaker packs a high sound volume for its size and can do so for 10 hours on a single battery charge. The TT can connect to a phone, tablet or