Eli Lilly raises offer for ICOS on bullish earnings forecast
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Eli Lilly &amp; Co. bumped up its offer for ICOS Corp. by 6 percent, to $34 per share, or $2.3 billion yesterday in advance of a vote on the deal .
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Stocks appeared set to open higher on Wednesday, particularly on Nasdaq, after Cisco Systems Inc.'s  results and outlook exceeded forecasts and reassured investors on prospects for corporate earnings.
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Stock futures rose on Wednesday led by a rise in Nasdaq futures after tech bellwether Cisco Systems Inc.  posted a better-than-expected quarterly profit and outlook, reassuring investors about the strength of corporate profits.
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Eli Lilly raised its offer for the Icos Corporation by 6 percent Monday in advance of a vote on the deal, which two proxy firms were advising against.
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U.S. stock index futures suggested a slightly higher open for Wall Street on Tuesday as news of planned takeovers added to optimism about the outlook for equities after the long holiday weekend.
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Bowing to pressure from an Icos Corp.  shareholder, Eli Lilly and Co.  said on Monday it has increased its offer for the biotechnology company to $2.3 billion from an earlier bid of $2.1 billion.
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Eli Lilly and Co. said its strategy of staying independent and plowing money into research should pay off in 2005, with profits expected to jump 8 percent to 12 percent over 2004 and nine new drugs in advanced human testing.
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Stocks were set to open higher on Friday as strong earnings from companies, including Microsoft Corp, and a speedy agreement on a U.S. economic stimulus package helped lift investor confidence.
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U.S. stock index futures rose on Friday after Oracle Corp. and Nike Inc. reported financial results that topped forecasts, but volatility was likely to be high.
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Socks rose on Tuesday as European companies made takeover offers for U.S. companies in the health-care and chemicals sectors and bond yields dipped, sending rate-sensitive stocks higher.
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Eli Lilly and Co.  said on Monday it has increased its offer for biotechnology company Icos Corp.  to $2.3 billion from $2.1 billion after at least one Icos shareholder called the earlier bid too low.
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Initial public offering, which is expected to raise more than $480 million, could be set for as early as Thursday.
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Stocks rose on Tuesday, with the Dow industrials leading the gains, amid speculation that aluminum maker Alcoa Inc.  may be the subject of international takeover bids.
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Drugmaker Eli Lilly and Co. LLY.N on  Wednesday said its restructuring will result in a  fourth-quarter charge of 24 cents to 27 cents per share, above  its previous estimate of 19 to 24 cents per share.
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Stock index futures added to gains on  Monday after Intel Corp  revised its revenue outlook  higher, setting the stage for the chip sector to help the  market shake off last week&#39;s losses.
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NEW YORK -- Pharmaceutical company Eli Lilly and Co. on Thursday issued 2007 earnings estimates that are below Wall Street's current expectations.
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U.S. stock futures rose on Thursday,   indicating stocks may open higher and extend Wednesday's gains,   buoyed by strong earnings, tamer oil prices and an   interest-rate pause by the Federal Reserve.