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Novartis to Buy The Medicines Co. for USD 9.7 Billion
Swiss pharmaceutical company Novartis AG (NYSE: NVS) on Sunday said it will buy cholesterol-drug maker The Medicines Company (NASDAQ: MDCO) for USD 9.7 Billion. Shares of The Medicines Company shot up about 22% following the news while Novartis’...
Target Shares Surge on Earnings
Target Corp. (NYSE: TGT) on Wednesday delivered third quarter earnings and sales that topped analysts’ estimates, sending shares up more than 9% at market open. The retailer said revenue grew 4.7% year-over-year to USD 18.67 Billion, beating...
Gold Prices Advance on China’s Counter-Tariffs
Gold prices advanced on Friday following China’s USD 75 Billion counter-tariff in retaliation to the U.S. import tariff on September 1 and December 15. In addition, China also said it would increase import duties on U.S.-made...
Novartis to Buy The Medicines Co. for USD 9.7 Billion
Swiss pharmaceutical company Novartis AG (NYSE: NVS) on Sunday said it will buy cholesterol-drug maker The Medicines Company (NASDAQ: MDCO) for USD 9.7 Billion. Shares of The...
Bitcoin Prices Falter on China Crackdown
Bitcoin prices slumped on Friday after China’s central bank launched a crackdown on cryptocurrencies, warning of risks with issuing or trading them, according to Reuters....
Target Shares Surge on Earnings
Target Corp. (NYSE: TGT) on Wednesday delivered third quarter earnings and sales that topped analysts’ estimates, sending shares up more than 9% at market open. The retailer...
RH Shares Soar on Earnings Beat and Revised Guidance
RH (NYSE: RH), formerly known as Restoration Hardware, reported its third quarter financial results on Wednesday during extended trading hours. The Company topped earnings and...
Shopify Shares Pop on Record-Breaking Black Friday and Cyber Monday Sales
Shopify (NYSE: SHOP) shares popped 5.7% on Tuesday during late trading sessions after the Company reported record-breaking Black Friday and Cyber Monday sales. The Company...
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Boeing shares rise: U.S. believes Iran shot down Boeing 737 in Tehran by accident
The Boeing Company (NYSE: BA) shares rise since U.S. Officials increasingly believe that Iran might have accidentally shot down the Ukrainian International Airline Boeing 737-800 aircraft that was taking off from the Iranian capital Tehran. The...
Google Stadia to Face Competition from Microsoft, Sony and Amazon
Alphabet Inc. (NASDAQ: GOOG) game streaming platform, Google Stadia, is now out and the reviews seem to have reached a consensus – there is a lot of potential for the future, but right now its...
Target Shares Surge on Earnings
Target Corp. (NYSE: TGT) on Wednesday delivered third quarter earnings and sales that topped analysts’ estimates, sending shares up more than 9% at market open. The retailer said revenue grew 4.7%...
Gold Prices Modestly Gain on Tuesday
Gold prices were lifted higher on Tuesday after erasing losses during early morning sessions. December gold futures gained USD 1.20 per ounce to USD 1,473.10 during late afternoon sessions. Early...
Staff Picks
Altria Cuts Value of Juul Stake by USD 4.5 Billion
Tobacco giant Altria Group, Inc. (NYSE: MO) on Thursday said it took a USD 4.5 Billion hit from its investment in electronic cigarette maker Juul Labs Inc. amid proposed U.S. bans on e-cigarette flavors and regulatory crackdowns abroad. Altria...
J&J Says 15 Tests Indicate No Asbestos in Baby Powder
Shares of Johnson & Johnson (NYSE: JNJ) opened more than 3% higher on Wednesday after the company reported that 15 new tests from the same bottle of Johnson’s Baby Powder previously tested by the U.S. Food and Drug Administration (FDA) found...
T-Mobile Stock Falls on Earnings Beat, Revenue Miss
Shares of T-Mobile US, Inc. (NASDAQ: TMUS) are down about 1% on Tuesday after the company beat third-quarter earnings expectations but announced revenue that fell shy of estimates. The wireless network operator said net income was USD 870...
Ford to Discontinue Flex Crossover, Laying Off 450 Canadian Workers
Ford Motor Company (NYSE: F) is laying off about 450 workers at its Oakville Assembly plant in Ontario, Canada as it ceases production of the Ford Flex and Lincoln MKT crossovers. According to Ford spokeswoman Kelli Felker, the layoffs will occur...
GFL Looks to Raise up to USD 2.4 Billion in an IPO
Canadian waste hauler GFL Environmental Inc. plans to raise up to USD 2.4 Billion in an initial public offering, marking one of Canada’s largest-ever IPO’s. The Vaughan, Ontario-based company on Wednesday said it has been approved for listing on...
Snap Tops Q3 Estimates, Falls on Weaker Guidance
Snap Inc. (NYSE: SNAP) reported its third quarter financial results on Tuesday during aftermarket hours. The Company topped analysts’ estimates, but shares fell by 1% during extended trading hours after reporting a weaker-than-expected guidance....