Allergan Plc said it expects revenue at its medical aesthetics unit to grow to $7 to $8 billion by 2025, even as it faces increasing competition for its blockbuster wrinkle treatment, Botox.
U.S. business inventories rose solidly in July, boosted by a larger than initially estimated increase in the stock of motor vehicles.
German retailer Metro AG plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon and a price tag of up to 1 billion euros ($1.2 billion).
Oil prices were broadly flat on Friday with the market exposed to bullish and bearish sentiments as it clawed back some territory after falling by the most in a month in the previous session.
A narrowing gap between long-term and short-term borrowing costs does not necessarily signal a coming recession, Federal Reserve Bank of Chicago President Charles Evans said on Friday.
U.S. stocks opened slightly higher on Friday, as hopes that the United States and China would start new trade talks calmed investor worries and technology stocks rose.
China’s export-dependent cities and provinces are scrambling to provide relief to exporters, stabilize employment and avert the possibility of social unrest as an intensifying trade dispute with the United States threatens to further erode business.
Britain’s Local Authority Pension Fund Forum (LAPFF) has recommended members vote against Ryanair’s financial report at the company’s annual meeting next week and also oppose the re-election of its chairman.
The Federal Reserve’s interest-rate hikes will begin to drag on U.S. economic growth and employment by next year, a U.S. central banker said Friday, as the level of borrowing costs appropriately turns “mildly restrictive” after more than a decade of acting as a stimulant.
U.S. industrial production rose in August, as strong output in auto manufacturing offset lackluster production in the rest of the factory sector.
U.S. stock index futures pointed to a higher open on Friday as hopes that the United States and China would start new trade talks calmed fears of a trade war and as technology stocks rose.
Britain’s Local Authority Pension Fund Forum (LAPFF) on Friday said it had recommended members vote against Ryanair’s financial report and accounts at its annual general meeting next week, as well as the re-election of the chairman.
Investors need to pay close attention to Merck (MRK) stock based on the movements in the options market lately. …read more […]
U.S. retail sales recorded their smallest gain in six months in August as consumers cut back on purchases of motor vehicles and clothing, but upward revisions to July data likely keep intact expectations of strong economic growth in the third quarter.
Wells Fargo & Co’s chief financial officer said on Friday the bank expects to reduce total expenses by about $3 billion by 2020.
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