Microsoft ( (MSFT) ) shares hit a new all time high. It's cloud business drove the gains, as sales have doubled. Microsoft ranks second in selling computer power and data storage capacity on demand over the internet, behind Amazon. Microsoft also said it expects its merger with LinkedIn ( (LNKD) ) to close in the spring. British American Tobacco said it has made an unsolicited $47 billion takeover offer for the rest of its American peer Reynolds American ( (RAI) ). The deal would create the world's largest tobacco company. The industry has been mired in litigation but at the same time, still enjoys steady profits. Qualcomm ( (QCOM) ) could be on the verge of a massive deal. Bloomberg says the tech giant is in the final stages of negotiations to buy NXP Semicondcutrs for about $30 billion bucks.
More from Video
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.