Express Scripts will buy rival Medco Health Solutions for $29.1 billion in cash and stock to create a powerhouse in managing prescription drug benefits in the United States, the companies said on Thursday. The WSJ live blogged the companies’ conference call on the merger.
Two Chinese Internet firms have postponed their U.S. fundraising plans due to volatile global markets and after a series of accounting scandals tarnished the reputation of overseas-listed Chinese companies.
Shares of real estate site Zillow skyrocketed in their market debut on Wednesday, the latest to ride a wave of dotcom exuberance while stoking fears of lofty Internet valuations.
AT&T’s second-quarter revenue beat Wall Street expectations but the strong results could be overshadowed by growing opposition to AT&T’s controversial plan to buy T-Mobile USA. The WSJ asks readers if the merger is good for consumers and the Free Press has created some satirical videos on the topic.