Stock

Bristol-Myers to buy Celgene for $74 billion, creating pharmaceutical powerhouse

Tablets of Bristol-Myers Squibb blood thinner Plavix. The drug giant said Thursday it is buying Celgene Corp for about US$74 billion in a cash-and-stock deal.JB Reed/Bloomberg News Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about US$74 billion, creating a pharma company with several blockbuster cancer drugs and making it one

Business & Finance

Millennials are no different from their baby boomer parents — they’re just poorer

Millennials have less money to spend but they’re still spending on the same things as other generations.Files In the court of public opinion, millennials are the most infamous serial killers. American cheese. Credit cards. Taxis. The Thanksgiving turkey. Even divorce. This generation’s cultural killing spree has left few corners untouched. Now there’s evidence for an

Funds

Sears to stay in business after Eddie Lampert’s hedge fund wins bankruptcy auction

An empty shopping cart sits outside a Sears store in the Streets of Southglenn mall in Littleton, Colo.David Zalubowski/AP Photo file Eddie Lampert, the dogged billionaire who’s hitched his career and reputation to a fading American retail icon, will get another chance at reviving Sears Holdings Corp. In an agreement reached in the wee hours

Bonds

Commodities

Five things you should know before starting your work day on Nov. 27

A General Motors worker attends an information meeting at Unifor Union Hall in Oshawa.Cole Burston / Bloomberg Good morning! It seems we have crisis stories for you today. Much of Ontario and the U.S. northeast was shocked by General Motors’ announcement that it is shutting plants, which will put jobs and towns in crisis. We

Currencies

Amazon to start selling Apple’s latest iPhones, iPads, Macs and more

The iPhone XS, left, and XS Max are displayed side to side during an event to announce new products at Apple headquarters Wednesday, Sept. 12, 2018, in Cupertino, Calif.Marcio Jose Sanchez/AP Photo Apple Inc. and Amazon.com Inc., two of the world’s most valuable technology companies, struck a deal to get the newest iPhones into the

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