Ed Liston

In Washington, D.C., there is a cozy connection between business and government. Corporate donations of large sums of money to their politicians, parties and special interest groups of choice are legion. Since the donations are considerable in most cases, it makes one wonder exactly what the businesses are getting out of the deal. Obviously nothing […]

It has been almost three months since social networking giant Facebook Inc. (NASDAQ: FB) completed its much awaited IPO. Expectations ahead of the IPO were huge. FB’s IPO was probably the most awaited since another technology giant, Google Inc. (NASDAQ: GOOG) listed its shares. However, one of the biggest ever tech IPOs has turned out […]

Pharmaceutical Company, Pfizer Inc. (NYSE:PFE) announced that it will partially spin-off its animal-health unit, Zoetis Inc., through an IPO, estimated at about $100 million.

Retailer JC Penney Co.’s (NYSE:JCP) disastrous showing continued as it posted yet another quarterly loss as same-store-sales tumbled.

Retailer, Kohl’s Corp. (NYSE:KSS) on Thursday reported a better-than-expected fiscal second-quarter earnings, thanks to its cost cutting measures and better inventory management, which offset a 20% fall in sales.

Dean Foods Co. (NYSE:DF) announced on Wednesday that it intends to partially spin-off its WhiteWave Food Co. unit, which sells organic dairy products and soy milk under the brand names Horizon and silk respectively; even as the company turned profitable in the fiscal second quarter after incurring loss a year earlier.

Pharmacy healthcare provider CVS Caremark Corporation (NYSE:CVS) today reported an increase in its second-quarter profit. CVS also raised and narrowed its 2012 forecast.

Mitt Romney is a Presidential candidate, and as such his finances are finally coming to the surface. As is the nature of some of those about to join the highest levels of the government, Mitt has been hiding huge amounts of money for a long time and finally has to admit it to the world. […]

American International Group Inc. (NYSE:AIG) is mulling over to buy back its large numbers of shares from the government, in order to free itself from state’s control, according to Wall Street Journal. The Journal, citing sources, said that the insurer will try to buy back majority of stake from the government by next fall. At […]

Pharmaceutical company Bristol Myers Squibb Co. (NYSE:BMY) has halted its study on a drug meant for Hepatitis C following emergence of safety related issues. On Wednesday, the company announced that it will voluntarily shelve the phase two study, referred to as BMS-986094, and earlier called as INX-189. The company has now decided to assess all […]