Year: 2018

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Trading Ideas

Gilead CEO Milligan, Chairman Martin to step down

July 26, 2018 admin Comments Off on Gilead CEO Milligan, Chairman Martin to step down

Gilead Sciences Inc said on Wednesday that Chief Executive Officer John Milligan and Chairman John Martin will step down as soon as the end of the year, ending a nearly 30-year run at the U.S. biotech company for both men. Shares of Gilead, which also announced higher-than-expected second quarter profit, fell more than 1.6 percent in extended trading. It said the board is launching a search for a CEO to replace Milligan, who plans to leave at year-end. …read more […]

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Business News

Facebook forecast for slowing growth, rising expenses sends stock down 22 percent

July 25, 2018 admin Comments Off on Facebook forecast for slowing growth, rising expenses sends stock down 22 percent

Facebook Inc on Wednesday warned revenue growth would slow in the second half of the year and said that expenses would grow faster than revenue next year, sending shares down as much as 22 percent over concerns about the impact of privacy issues on the social media company’s business.

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Trading Ideas

Qualcomm Expects Apple to Ditch Its Modems for the Next iPhones

July 25, 2018 admin Comments Off on Qualcomm Expects Apple to Ditch Its Modems for the Next iPhones

Qualcomm Inc. Chief Financial Officer George Davis said Apple Inc. likely won’t use its cellular modems in the next iPhones, cutting the chip maker out of one of the consumer electronics industry’s best-selling products. In prepared remarks during an earnings call with analysts Wednesday, the CFO said Qualcomm expects Apple to use a competitor’s modem in the new iPhones and will only use Qualcomm’s modems in older models. Apple sometimes buys parts from suppliers without indicating which specific products they will be put into. …read more […]