Trading Ideas
Is Starbucks Stock a Buy Below $50?
The leading premium java chain is trading at its lowest level since summer 2015. …read more […]
Year: 2018
Business News
U.S. fines CVS for failing to report opioid theft in New York
NEW YORK (Reuters) – CVS Health Corp agreed to pay a $1.5 million civil fine to resolve U.S. charges that some of its pharmacies in Nassau and Suffolk counties in New York failed to report in a timely manner the loss or theft of prescription drugs, including the opioid hydrocodone.
Business News
Twitter, Facebook launch tools to track advertising
(Reuters) – Twitter Inc on Thursday made it easier for users to identify political campaign ads and know who paid for them, as social media platforms faced the threat of U.S. regulation over the lack of disclosure on such spending.
Business News
Twitter replaces product head
(Reuters) – Twitter Inc said on Thursday its product head Ed Ho will be stepping down and named former live-streaming service Periscope’s Chief Executive Officer Kayvon Beykpour as his replacement.
Trading Ideas
The Latest: Biden urges Americans to ‘rise up’
Former Vice President Joe Biden is urging Americans to “rise up” to demand President Donald Trump nominate a “consensus candidate” to the Supreme Court. Biden sided with Democrats who have said the Senate should postpone the confirmation process until after the mid-term elections. Biden said, “It’s up to us, America. …read more […]
Business News
Ray Dalio’s Bridgewater plans to become partnership: NYT
(Reuters) – Bridgewater Associates, the hedge fund controlled by billionaire investor Ray Dalio, plans to become a partnership in the coming months, giving its top executives more say in running the fund, the New York Times reported on Thursday.
Business News
UK takeover panel to review impact of Disney bid for Fox on Sky
LONDON (Reuters) – Britain’s takeover regulator is considering whether Walt Disney might have to make a higher offer for Sky in the wake of the U.S. company’s move to hike its bid for Twenty-First Century Fox assets to $71.3 billion.
Business News
Wall Street wavers as Amazon buy hits health stocks, banks gain
(Reuters) – U.S. stocks swung between gains and losses on Thursday, as Amazon’s foray into drug retailing whipped the healthcare sector, while a rise in financial stocks for the first time in 14 days cushioned the markets.
Business News
Rusal elects new board of directors in bid to escape U.S. sanctions
MOSCOW (Reuters) – Shareholders at sanctions-hit Russian aluminum producer Rusal elected a new board of directors on Thursday in an effort to appease the U.S. and get the restrictions lifted.
Business News
Starbucks CFO Maw to retire, shares tumble
(Reuters) – Starbucks Corp said on Thursday that Chief Financial Officer Scott Maw will retire at the end of November, stunning investors and sending shares of the world’s largest coffee shop chain down more than 4 percent.
Trading Ideas
Starbucks CFO Maw to retire, shares tumble
Maw, 50, lasted just four years in the CFO role, and the company did not provide details on what prompted the retirement. The Seattle-based company said in a regulatory filing https://www.sec.gov/Archives/edgar/data/829224/000119312518206726/d802843d8k.htm that it has launched an external search for a replacement for Maw, who will become a senior consultant until March 31, 2019, earning $250,000 per month. “As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transition into new leadership,” Starbucks CEO Kevin Johnson said in a statement. …read more […]
Trading Ideas
Starbucks CFO Maw to retire, shares tumble
Maw, 50, lasted just four years in the CFO role, and the company did not provide details on what prompted the retirement. The Seattle-based company said in a regulatory filing https://www.sec.gov/Archives/edgar/data/829224/000119312518206726/d802843d8k.htm that it has launched an external search for a replacement for Maw, who will become a senior consultant until March 31, 2019, earning $250,000 per month. “As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transition into new leadership,” Starbucks CEO Kevin Johnson said in a statement. …read more […]
Business News
Amazon to buy PillPack in potentially disruptive drug retail push
(Reuters) – Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers.
Trading Ideas
Amazon to buy PillPack in potentially disruptive drug retail push
The potential of Amazon’s (AMZN.O) move to disrupt major players across the drug supply chain on a nationwide level prompted a selloff in shares of potential future rivals, while sending its own shares up 2 percent. PillPack supplies pre-sorted prescription drugs and other services for people who take multiple medications, a growing market as the U.S. population ages and requires treatment for multiple complex, chronic conditions. …read more […]
Business News
Walgreens plays down Amazon pharmacy entry, but investors spooked
(Reuters) – Walgreens Boots Alliance Inc’s chief executive officer said on Thursday he was not worried about Amazon.Com Inc’s push into the U.S. healthcare sector, but investors were rattled by the threat the online giant could pose to the sector.