Fujifilm sues Xerox for well over $1 billion after aborted merger

Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion (£755.2 million), faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. In a complaint filed with the U.S. District Court in Manhattan, Fujifilm accused Xerox of breach of contract and engaging in "intentional and egregious conduct" in abandoning the $6.1 billion merger announced in January. Icahn, the billionaire, and Deason together owned 15 percent of Xerox shares, and said the merger undervalued the Norwalk, Connecticut-based company.

Brake Safety Week Set for Sept. 16-22

3 “Internet of Things” Stocks to Buy Right Now

The Internet of Things is the growing world of interconnected household and industrial devices, and it presents one of the most interesting new growth markets for investors. With that said, we've found three already-strong stocks that are looking to benefit even more from further IoT growth in 2018!

Whistleblower protections aren’t helping drivers: OOIDA

Valeant’s Rebound Falters After Key Drug Is Rejected

Valeant Pharmaceuticals International Inc.'s rebound from this year's low in March was stopped in its tracks after U.S. regulators rejected its application for a plaque psoriasis lotion, Duobrii, that management saw as the first of many new drugs to hit the market in the next few years. Trading volume was more than 1.5 times the full-day average of the past three months as investors retreated even after the company pointed out that the Food and Drug Administration's ruling was related to its pharmacokinetic data and said management is working to “resolve this matter expeditiously” and has already requested a meeting with regulators. Wells Fargo analyst David Maris warned that an approval may be delayed by six to nine months depending on Valeant's need to generate additional data.

A bullish options trade brewing in Starbucks

"Halftime Report" trader Pete Najarian spots heavy call-buying in Starbucks and JD.com.

Alibaba Group Holding Ltd Stock Still Has Cloud-Driven Upside

Think the 56% advance Alibaba Group Holding Ltd (NYSE:BABA) shares have dished out over the course of the past 12 months means BABA stock has no more room to run? Wells Fargo analyst Ken Sena doesn't agree. It's a largely overlooked facet of Alibaba, which is most often likened to Amazon.com, Inc. (NASDAQ:AMZN) because of its e-commerce presence.