Daily Roundup: Today's Top Stories
At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know.
Boeing sells planes despite troubled state of airlines
Aerospace company Boeing (NYS: BA) expects sales of its new 737 MAX plane to remain strong, regardless of American Airlines parent AMR (NYS: AMR) filing for Chapter 11 protection. American has pending deals with Boeing that it plans to keep, including 100 new current-model 737s, although the company hasn't yet completed its 737 MAX contract with Boeing. Read the full story at Bloomberg.
AT&T gets burned
Telecom titan AT&T (NYS: T) hit another setback in its struggle to acquire T-Mobile. The proposed $39 billion deal saw further scrutiny after the FCC issued a detailed report questioning the information the two companies provided on their merger application. Read the full story at Time.
Amazon and eBay fight state taxes
Online retailers Amazon.com (NAS: AMZN) and eBay (NAS: EBAY) faced a congressional hearing this morning to fight state laws forcing them to collect sales tax from customers shopping on their sites. Read the full story at Yahoo! Finance.
Pfizer loses its hold on Lipitor drug
Pharmaceutical maker Pfizer (NYS: PFE) says goodbye to its patent protection for Lipitor, the top-selling cholesterol drug in the United States. Generic-drug maker Watson Pharmaceuticals (NYS: WPI) was authorized to start selling generic versions of the pill today. Read the full story at Bloomberg.
That's a wrap
So there you have it -- the top financial stories of the day. If you are interested in getting all the news and commentary on these stocks, sign up to My Watchlist here -- it's free!
- Add Watson Pharmaceuticals to My Watchlist.
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- Add AMR to My Watchlist.
At the time this article was published Fool contributor Tamara Rutter does not own shares of any companies mentioned in this column. Follow her on Twitter using the handle: @TamaraRutter. Motley Fool newsletter services have recommended buying shares of Pfizer, eBay, and Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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