Novartis AG is going to buy Nestle AG's 77 percent stake in U.S. company Alcon for $39 billion to bolster its eye care business.
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Magic happens on Wall Street when Warren Buffett decides to buy a stock. A few weeks ago the day Buffett made the buy on shares of Burlington Northern Santa Fe the stock popped $5.36 to $88.08 as investors celebrated the fact Buffet's company Berkshire Hathaway would own almost 40 million shares. But the pop was not over. As more small investors rushed into the market, the stock rose to $91.83.
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The Federal Government of Australia is putting insider trading back on the agenda with a review of the contentious rules governing such trading. Ordinary shareholders are worried inside traders continue to flout the law, while regulators fail to act.
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