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.
Netflix issues debt offering
Subscription-based DVD and digital-streaming service Netflix (Nasdaq: NFLX ) plans to raise $400 million in an effort to offset the rising costs of purchasing rights to video content. The company has agreed to sell $200 million in debt to Technology Crossover Ventures, and $200 million in stock to T. Rowe Price, in a deal managed by Morgan Stanley (NYSE: MS ) and JPMorgan (NYSE: JPM ) . Netflix shares opened down sharply on the news. Read the full story at Bloomberg.
Pfizer buys skin-treatment company
Pharmaceutical giant Pfizer (NYSE: PFE ) plans to purchase Excaliard, a biopharmaceutical company that together with Isis Pharmaceuticals (Nasdaq: ISIS ) created a drug to treat skin fibrosis. The drug, EXC 001, will help Pfizer with product development on new treatments for fibrosis and tissue remodeling. Read the full story at Reuters.
B of A could face penalties by regulators
Bank of America (NYSE: BAC ) is being pressured by regulators to strengthen the bank. If it doesn't, B of A could face a public enforcement action, which could mean greater restrictions for the company. Read the full story at Yahoo! Finance.
Campbell Soup reports upbeat earnings
Soup maker Campbell Soup (NYSE: CPB ) posted first-quarter profits that beat analyst estimates despite coming in below year-ago levels. Lower advertising expenses helped the company pull in net profits of $265 million, down from $279 million the year prior. Read the full story at Reuters.
That's a wrap
So there you have it -- the top financial stories for this morning. If you are interested in getting all the news and commentary on these stocks, sign up to My Watchlist here --it's free!