Eli Lilly & Co’s Elanco Animal Health unit expects its initial public offering to raise up to $1.45 billion, betting on increased appetite among investors for animal health companies.
World shares fell for a fifth straight day on Thursday, with emerging market stocks in their sixth day of declines, as investors braced for an escalation in a trade war between the United States and China.
The natural gas pipeline company quickly filled up the capacity of its Permian Highway Pipeline. …read more […]
Several analyst firms agree that memory chip prices are about to fall. Is it high time to bail out of this cyclical stock? …read more […]
The tech-heavy Nasdaq saw sharp declines on Thursday as internet stocks faltered for a second day on concerns about increased regulation, while warnings from Micron Technology and KLA Tencor led a slide in chip stocks.
The tech-heavy Nasdaq saw sharp declines on Thursday as internet stocks faltered for a second day on concerns about increased regulation, while warnings from Micron Technology and KLA Tencor led a slide in chip stocks. Chipmaker Micron sank 9 percent after Chief Financial Officer David Zinsner said prices of NAND chips declined in the third quarter and at least two brokerages said the markets for NAND and DRAM chips were worsening. …read more […]
Barnes & Noble Inc, which in July fired its chief executive officer, said on Thursday it would begin the process to find a replacement only after its annual shareholder meeting in early October.
The U.S. Justice Department is probing whether employees committed fraud in Wells Fargo & Co’s wholesale banking unit, following revelations that employees improperly altered customer information, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Media company CBS Corp’s board is in settlement talks with Chief Executive Officer Les Moonves to negotiate his exit, a source familiar with the matter said on Thursday.
Loup Ventures Managing Director Gene Munster on the future of Tesla, why he predicts Apple will not buy Tesla and reports Apple will expand its wearables business. …read more […]
European customers will avoid deals with Russia’s United Company Rusal, under U.S. sanctions, when the industry meets in Berlin next week to seal 2019 metal supply agreements, three sources familiar with the discussions said.
The number of Americans filing new claims for unemployment aid fell to near a 49-year low last week and private payrolls rose steadily in August, pointing to sustained labor market strength that should continue to underpin economic growth.
The S&P 500 and the Nasdaq dropped on Thursday, as internet stocks faltered for a second day on concerns about increased regulation, while Micron led a decline in chip stocks.
Elliott Management Corp renewed calls on Hyundai Motor Group last month to make structural changes, a source told Reuters, months after the U.S. activist fund helped force the South Korean automotive company to scrap a restructuring deal.
Nike Inc.’s market capitalization is down $3.4 billion since the company released its latest ad campaign featuring controversial quarterback-turned-activist Colin Kaepernick. The latest estimates put the value of the media exposure from the campaign at more than $163 million, according to Apex Marketing Group — almost four times the $43 million tallied in the first 24 hours since the ad debuted. Nike’s stock was up as much as .94 percent Thursday as of 10:13 in New York. …read more […]
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