Novo Nordisk's Deal Discipline Is Behind the Times

Sanofi on Monday said it would pay $4.8 billion to buy Belgian biotech Ablynx NV, outbidding Novo Nordisk so badly that the Danish pharma giant scrapped plans to raise a lowball $3.1 billion initial bid and conceded defeat. Costly acquisitions and optimistic guidance about the effects of new U.S. tax
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On Tuesday, President Donald Trump will deliver his first State of the Union address, the annual check-in for the head of state to outline how the country is doing and what he's planning for the year ahead. Here at realtor.com®, we thought we'd do something similar—but for real estate, of course.
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It's getting harder and harder to quarantine the selloff in Treasuries from equities and corporate bonds. The benchmark 10-year U.S. yield cracked 2.7 percent on Monday, rising to a point many forecasters weren't expecting until the final months of 2018. For over a year, range-bound Treasuries helped
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Lending a helping hand in PNG. by Spectator-Observer Partnership · Jan 30, 2018. HELPING remote communities break the poverty cycle has inspired a team of committed locals to donate their skills and time for two weeks in Papua New Guinea. Helen Clare, Mary Mulcahy, Thomas Champness,
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And its correspondent mortgage loans were $30 billion in the fourth quarter, down from $36 billion a year ago. Meanwhile, Wells Fargo has said it charged some customers improper fees to extend the interest-rate commitments they received from Wells Fargo on their mortgage applications. In October
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Inside the capital West London achieved the highest average asking price in the final quarter, although prices in that area were still down two per cent year-on-year. North London suffered the greatest decline in house prices, down 13 per cent annually, while south east London was the only area of the
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Frustrated that they couldn't get through to the mortgage company, they turned to the Massachusetts Attorney General's Office and found out they weren't alone. “Here Nationstar broke the law,” Attorney General Maura Healey told 5 Investigates reporter Karen Anderson. Healey said in an interview that
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According to its annual report, the Houston Association of Realtors reports the Houston real estate market set new records by the time the sun set on 2017. Single-family home sales for the full year rose 3.5 percent compared to 2016, the previous record year. However, as 2018 gets underway, the supply
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“With the ongoing revitalization and rebirth of Cleveland, investing in the Northeast Ohio market was an easy decision for us,” said Andy Voyles, Executive Vice President and Director of Lending for First Community Mortgage. “There are great people here, combined with an unmatched work ethic and
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After getting snubbed by the Trump administration, Amtrak's $13 billion Gateway tunnel is losing one of its chief backers in Congress too. Rep. Rodney Frelinghuysen. Photographer: Tom Williams/CQ-Roll Call Group via Getty Images. Representative Rodney Frelinghuysen, the New Jersey Republican
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New York Community Bancorp reported a 24% increase Wednesday in its net income for Q4 2017, indicating the bank holding company is continuing the growth that began in Q3 and heralding a possible jump in commercial real estate financing – especially for multifamily properties – in New York City
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The world's total wealth is growing and that's a good thing, but it's still not fixing the inequality divide, according to a new report by the World Bank. The gap between the richest and poorest nations remains large, and wealth per person around the world is growing more slowly than the overall figure, the
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The owner of the Clydesdale and Yorkshire banks boosted its first quarter lending but its shares fell because of concerns about a weaker mortgage market. The size of CYBG's mortgage book increased to £23.9 billion at the end of December, up 7.4 per cent from a year earlier and 1.7 per cent compared
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US President Donald Trump looks on during a ceremony before delivering a speech during the World Economic Forum (WEF) annual meeting in Davos, eastern Switzerland, on Jan. 26, 2018. Nicholas Kamm—AFP/Getty Images. By Reuters. 9:43 PM EST. (WASHINGTON) – President Donald Trump on
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Freddie Mac worked out a deal with the New York City Housing Development Corporation to share risk and reward alike, teaming up on a $61.2 million refinancing for Eleven33, a multifamily complex in Brooklyn developed by The Domain Companies, Commercial Observer can exclusively report.
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Mortgage questions abound when you're a first-time home buyer. Compounding the challenge is the embarrassment over interrupting the conversation with a would-be lender or seller to ask, “'Scuse me, what is a credit score? How much money do I need as a down payment?” Everyone knows this stuff,
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Total bank lending in December, however, fell 0.3 percent from the previous month. In November, bank lending stood at S$653.7 billion. Singapore's housing and bridging loans stood at S$200.2 billion in December, up from S$192.1 billion in the year-ago period. Loans to financial institutions totalled
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(WUHAN) — Britain is seeking a free trade agreement with China, Prime Minister Theresa May said on Wednesday as she flew to the country for talks with Chinese leaders, adding that more should be done immediately to open up market access for British firms. The ambitious long-term goal of securing
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Investors across the health care industry supply chain had a collective heart attack on Tuesday after ubiquitous tech giant Amazon teamed up with J.P. Morgan Chase and Berkshire Hathaway to announce they would form an independent, non-profit health care company. This upcoming outfit's purpose?
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SINGAPORE, Jan. 31 (Xinhua) — Singapore's total loans and advances including bills financing of Domestic Banking Units (DBU) declined 0.27 percent month-on-month in December, to a predicted 651.93 billion Singapore dollars. This reversed from a 0.64-percent month-on-month gain in November.
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