In spite of the Fed announcement on Wednesday, that might see a rise in interest rates, the Dow soared 100 points to finish at 17, 132, and the S&P 500 gained 15 points to finish just shy of 1, 999. The Nasdaq rose 34 points to 4, 555.76.
Endo International is making an unsolicited offer for Auxilium Pharmaceuticals, whose stock rose to $28.10. The deal values Auxilium at a 31% premium with a $1.4 billion offer of cash and stock.
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Anheuser-Busch, whose sponsorship of the NFL is worth $50 million, said it is “disappointed and increasingly concerned, ” with the number of scandals in the League lately. Management says it is not happy with the way the NFL has been dealing with recent disciplinary problems. Fellow sponsors Visa and Campbell’s have also expressed concerns over recent events affected the NFL
NASA announced it will be making a deal with Space X and Boeing to transport astronauts to the International Space Station. NASA formerly relied on Russia for transport, but given recent conflicts in Russia, NASA has decided to make some replacements.
The Government Accountability Office is investigation at least 20 security issues with the Healthcare.gov website which it says the Obama Administration must deal with. Officials say the potential breaches are a cause for concern, and can put the information of Americans at risk.
