Momenta wins in court, loses on Wall St.
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One of Cambridge's highest-flying young biotechnology companies savored a win in patent court yesterday, but in a perverse twist watched its stock drop 20 percent as Wall Street digested the news.
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Wall Street lost momentum from last weekâs gains after news of declining existing home sales stirred concerns about the strength of the economy.
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Investors who lost money when the dot-com bubble burst suffered a Supreme Court setback yesterday, and the justices are poised to issue yet another important decision that could restrict shareholder lawsuits.
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NEW YORK Wall Street, which forced Google, the Internet search engine, to sharply lower the price of its shares in its initial public offering in August, has now decided that the company is worth a lot more today than it was then.
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Two Wall Street investment banks had markedly different success weathering summer market turbulence as results at Goldman Sachs Group Inc  easily exceeded expectations while those at Bear Stearns Cos  fell far short.
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The FTSE 100 has fallen for the fifth session in a row, with insurers crowding the list of fallers after sentiment in the sector was damaged by news that New York Attorney General Eliot Spitzer was suing a US firm.
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Stock falls on news treatment failed a mid-stage trial, company will cease developing drug. NEW YORK  - AtheroGenics Inc.
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The Supreme Court let stand on Monday a ruling that threw out a $10.1 billion verdict against Philip Morris USA in a lawsuit that accused the Altria Group Inc. unit of misleading consumers about the risks from smoking "light" cigarettes.
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Joe Robert watched his real estate investment firm's stock tumble to five-year lows this month as Wall Street punished any company linked to the mortgage mess. But where others panicked, Robert saw opportunity. From Aug. 9 to 16, he scooped up about $8 million worth of his firm's shares. They have...
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The bank was badly hurt by a huge spike in consumer credit costs and the poor performance of its investment banking unit, which has clamored for Wall Streetâs respect.
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Wall Street's right, but for the wrong reason.
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Wall Street stocks had a lacklustre day after MBIA (NYSE:MBI), a bond insurer, revealed billions of dollars in exposure to high-risk securities, causing its shares to drop as much as 30 per cent.
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Two Wall Street investment banks had dramatically different success in weathering market turbulence triggered by a subprime mortgage meltdown, as results at Goldman Sachs Group Inc  easily exceeded expectations, while Bear Stearns Cos Inc  fell far short.
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WASHINGTON -- The Supreme Court threw out a $79.5 million punitive damages award to a smoker's widow Tuesday, a boon to businesses seeking stricter limits on big-dollar jury verdicts. The 5-4 ruling was a victory for Altria Group Inc.'s Philip Morris USA, which contested an Oregon Supreme Court...
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Shares in SCO Group Inc. SCOX.O  rallied as much as 34 percent on Thursday after the small  software company won a legal victory in its multibillion dollar  lawsuit against IBM over computer software code used in Linux.
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The U.S. Supreme Court let stand on Monday a ruling that threw out a $10.1 billion verdict against Philip Morris USA in a lawsuit that accused the Altria Group Inc. unit of misleading consumers about the risks from smoking "light" cigarettes.
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Wall Street gets itself wrong again: investment firm beats expectations by a wide margin.