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Flash: Schwab Acquires OptionsXpress for $17.91

Deal valued at about $1 billion. The OptionsXpress shareholders will receive 1.02 shares of Schwab stock for each share of optionsXpress stock.

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Warren Buffet Calls Japan a Buying Opportunity

“It will take some time to rebuild, but it will not change the economic future of Japan,” …… “If I owned Japanese stocks, I would certainly not be selling them.”….”Frequently, something out of the blue like this, an extraordinary event, really creates a buying opportunity. I have seen that happen in the United States, I have seen that happen around the world. I don’t think Japan will be an exception,”

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Mylan Inc. Sues FDA Over Lipitor Generics

Mylan claims Ranbaxy does not have the marketing rights nor the regulatory approval. Furthermore, previous decisions by the FDA is costing patients billions of dollars in savings…..

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