On Thursday, Abbott Laboratories said it would buy Minnesota based, medical technology company St. Jude Medical Inc for $25 billion. Te main aim is to enlarge its heart device business. However, investors are worried that this acquisition will most probably not pay off like it's promised. It will be a cash-and-stock acquisition. Abbott plans to borrow money for the deal.
The world's biggest online retail giant Amazon, reported better than expected quarterly results on Thursday which pushed its shares higher up during the after-hours trading. Amazon's shares climbed about thirteen percent to $679 during the extended trading hours.
Recently, Facebook reported brighter results than expected and now Amazon joins the team. On Thursday,
On Wednesday, Facebook Inc once again reported a better than expected quarterly results. The company's quarterly revenue climbed more than fifty percent mainly attributed to its extremely popular mobile app. Its live video also attracted new advertisers and also lured the existing advertisers to increase spending.