October 2, 2019 10:06 am
CVS Health Corp said over the past weekend that sales of the Zantac heartburn treatment and of its own generic ranitidine products would be suspended, after the US Food and Drug Administration found traces of a known carcinogen in some of the products. CVS shares closed lower for the fifth time in the past nine […]
Read moreOctober 2, 2019 7:07 am
According to a report by Reuters on Tuesday, GE Renewable Energy is to supply turbines for the offshore wind project of Britain’s Dogger Bank, which is being under development by Equinor and SSE. General Electric shares closed lower for a second consecutive trading session in New York on Tuesday. It has also been the steepest […]
Read moreOctober 1, 2019 9:20 am
Occidental Petroleum Corp (OXY) said on Monday that it was set to deliver planned asset sales of $10 billion to $15 billion and that it was confident in its deleveraging strategy following the close of its acquisition of Anadarko Petroleum on August 8th. Occidental shares closed lower for a second consecutive trading session in New […]
Read moreOctober 1, 2019 7:03 am
Macy’s Inc (M) said over the weekend that its landmark store at Third Avenue and Pine Street in downtown Seattle would be shut down at the end of February 2020. Macy’s shares closed higher for a second consecutive trading session in New York on Monday. It has also been the sharpest daily surge since September […]
Read moreSeptember 30, 2019 7:50 am
Pfizer Inc (PFE) said on Friday that Ian Read would step down as executive chairman at the end of 2019. Having joined Pfizer in 1978, Read was appointed as the company’s Chief Executive Officer in 2010 and as Chairman of the Board of Directors in 2011. Pfizer shares closed higher for the third time in […]
Read moreSeptember 27, 2019 10:11 am
According to a report by CNBC, Lululemon Athletica Inc intends to have its Ivivva kids business wound down, as the company is focusing efforts on doubling its men’s business, doubling on-line sales and quadrupling its international operations by the year 2023. Lululemon shares closed lower for a third consecutive trading session on NASDAQ on Thursday. […]
Read moreSeptember 27, 2019 6:52 am
Veeva Systems (VEEV) said on Thursday that it had agreed to acquire Crossix Solutions in an all-cash deal estimated at $430 million. Additionally, long term equity retention grants, valued at nearly $120 million, will be provided to certain employees of Crossix. Shares of Veeva Systems Inc closed lower for the sixth time in the past […]
Read moreSeptember 26, 2019 8:34 am
According to a report by Bloomberg, citing sources familiar with the matter, Ford Motor Company (F) is on track to move the majority of its Indian assets to a joint venture with Mahindra & Mahindra Ltd. The decision comes after the US company did not manage to make significant inroads for over 20 years in […]
Read moreSeptember 25, 2019 8:49 am
Alphabet’s Google has achieved victory against stricter “right to be forgotten” rules, after the European Court of Justice ruled on Tuesday that the tech company would not have to remove links to sensitive personal data internationally. As a result, France’s demand has been rejected. Alphabet shares closed lower for the fourth time in the past […]
Read moreSeptember 25, 2019 4:56 am
Guggenheim on Tuesday raised its rating on Snap Inc (SNAP) from “Neutral” to “Buy”, as the firm cited “strong usage trends” among other factors, which could support higher advertiser demand. Snap shares closed lower for the third time in the past ten trading sessions in New York on Tuesday. It has also been the steepest […]
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