Novelties: Haircuts at Home, With Heads Held High
Home haircutters are getting one break: these days, they can easily get their hands on the same tools that professionals wield.
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Looking Ahead
GOING PUBLIC Among this weeks more noteworthy public offerings is one for Hertz Global Holdings, below, the car rental company that became private less than a year ago. The private equity firms that bought Hertz from the Ford Motor Company for $15 billion in cash and debt are planning to sell 88.2 million shares for $16 to $18 apiece. Another and more unusual offering that is expected is one for Nymex Holdings, which operates the futures exchange and clearinghouse, specializing in futures contracts for commodities like energy and metals. The plan is to offer 6.5 million shares for $48 to $52 a share.
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Merck Buys Maker of Gene-Silencing Drugs
Merck & Company will pay $1.1 billion to acquire Sirna Therapeutics, one of the leading companies pursuing technology to inactivate particular genes.
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Wal-Mart Dismisses Adviser Who Created G.O.P. Ad
Wal-Mart, the nations largest retailer, said last night that it had cut ties with a prominent Republican strategist who helped create a provocative advertisement.
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