Goldman Sachs (GS - Get Report) launched a specialty finance company to invest in risky credit products. Goldman has registered the fund as a "business development company" -- a type of investment vehicle that has grown in popularity over the past decade, and which allows Goldman to avoid certain regulations, according to The Wall Street Journal.
AstraZeneca's (AZN - Get Report) patent for its Pulmicort Respules asthma treatment has been ruled invalid by a U.S. court. The ruling allows Actavis (ACT) to launch a generic version of the drug; Actavis said it would do so immediately.
U.S. automakers, including Ford (F - Get Report) and General Motors (GM - Get Report), are scheduled Tuesday to release auto sales for March. U.S. car and truck sales are expected to hit their highest level in nearly six years in March, according to analysts surveyed by Bloomberg. 5 Top Cars at the New York Auto Show
McCormick (MKC) is expected by analysts on Tuesday to post fiscal first-quarter earnings of 56 cents a share on revenue of $922.7 million.
G-III Apparel Group (GIII) is expected by Wall Street to post fourth-quarter profit of 40 cents a share on sales of $360.2 million. 5 Stocks Set to Soar on Bullish Earnings
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