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Home2019February

Month: February 2019

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Business News

Amazon adds former PepsiCo CEO Indra Nooyi to board

February 26, 2019 admin Comments Off on Amazon adds former PepsiCo CEO Indra Nooyi to board

Amazon.com Inc said on Monday it appointed former PepsiCo Inc Chief Executive Officer Indra Nooyi as a director, the second woman to be named to the board this month as part of the e-commerce giant’s efforts to increase diversity.

…read more […]

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Trump says ‘signing summit’ with Xi for U.S.-China deal possible soon

February 25, 2019 admin Comments Off on Trump says ‘signing summit’ with Xi for U.S.-China deal possible soon

U.S. President Donald Trump said on Monday he may soon sign a deal to end a trade war with Chinese President Xi Jinping if their countries can bridge remaining differences, saying negotiators were “very, very close” to a deal.

…read more […]

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Amazon appoints Indra Nooyi to board

February 25, 2019 admin Comments Off on Amazon appoints Indra Nooyi to board

Amazon.com Inc said on Monday it named former PepsiCo Inc Chief Executive Officer Indra Nooyi as a director of the company and appointed her to the audit committee of the board.

…read more […]

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Wall Street rises after Trump stirs China trade hopes again

February 25, 2019 admin Comments Off on Wall Street rises after Trump stirs China trade hopes again

Wall Street’s three major indexes ended higher on Monday but well below the session’s highs after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports.

…read more […]

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Indexes end higher as Trump says trade deal near

February 25, 2019 admin Comments Off on Indexes end higher as Trump says trade deal near

U.S. stocks ended up but off the day’s highs on Monday after U.S. President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that the two countries were close to a trade deal.

…read more […]

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U.S. asks judge to give final approval to settlement with CVS to buy Aetna

February 25, 2019 admin Comments Off on U.S. asks judge to give final approval to settlement with CVS to buy Aetna

The U.S. Justice Department formally asked a judge on Monday to approve its deal to allow CVS Health Corp to merge with insurer Aetna.

…read more […]

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Pharma stocks could see turbulence from U.S. Senate drug-price hearing

February 25, 2019 admin Comments Off on Pharma stocks could see turbulence from U.S. Senate drug-price hearing

U.S. healthcare stocks could face more turbulence on Tuesday, after a bumpy early 2019, as top executives from some of the largest pharmaceutical companies are expected to get grilled in the U.S. Senate on the high cost of prescription drugs.

…read more […]

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Fed’s Powell heads to Congress amid shifting landscape

February 25, 2019 admin Comments Off on Fed’s Powell heads to Congress amid shifting landscape

Federal Reserve Chairman Jerome Powell worked hard to strengthen ties with Congress during his first year as head of the U.S. central bank, doubling the pace of meetings with lawmakers over his predecessors and courting Democrats and Republicans alike.

…read more […]

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Trump talk that U.S.-China trade deal near pushes Wall St. higher

February 25, 2019 admin Comments Off on Trump talk that U.S.-China trade deal near pushes Wall St. higher

U.S. stocks rose on Monday after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that the two countries were “very, very close” to a trade deal.

…read more […]

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GE inks $21 billion biopharma sale to Danaher in U-turn under Culp

February 25, 2019 admin Comments Off on GE inks $21 billion biopharma sale to Danaher in U-turn under Culp

General Electric said on Monday it would sell its biopharma business to Danaher Corp for $21.4 billion in the biggest strategy reversal since Lawrence Culp took over as the industrial conglomerate’s chief executive in September.

…read more […]

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U.S. trial tests claims Roundup weed killer caused cancer

February 25, 2019 admin Comments Off on U.S. trial tests claims Roundup weed killer caused cancer

Bayer AG on Monday faced a second U.S. jury over allegations that its popular glyphosate-based weed killer Roundup causes cancer, six months after the company’s share price was rocked by a $289 million verdict in California state court.

…read more […]

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Barrick CEO defends $18 billion hostile Newmont bid as logical tie-up

February 25, 2019 admin Comments Off on Barrick CEO defends $18 billion hostile Newmont bid as logical tie-up

Barrick Gold Corp’s chief executive defended the world’s largest gold producer’s hostile $18 billion bid for Newmont Mining Corp saying on Monday the deal is “logical” for an industry battling high costs and depleting resources.

…read more […]

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GE debt rallies, bond insurance price drops on Danaher deal

February 25, 2019 admin Comments Off on GE debt rallies, bond insurance price drops on Danaher deal

General Electric Co bonds rallied broadly on Monday after the company struck a deal to sell its biopharma business to Danaher Corp for $21.4 billion and said it would use cash from the deal to ease its massive debt burden.

…read more […]

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Madoff trustee can pursue lawsuits against Koch, banks, others

February 25, 2019 admin Comments Off on Madoff trustee can pursue lawsuits against Koch, banks, others

A federal appeals court said the trustee liquidating Bernard Madoff’s firm may pursue dozens of lawsuits to recoup funds from Koch Industries Inc, controlled by billionaire brothers Charles and David Koch, and other defendants, including major banks.

…read more […]

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Newmont CEO says shareholders do not see value in Barrick bid

February 25, 2019 admin Comments Off on Newmont CEO says shareholders do not see value in Barrick bid

Newmont Mining Corp Chief Executive Gary Goldberg said on Monday that Barrick Gold Corp’s $18 billion hostile bid for his company is perplexing to his shareholders and not in the best interest of both miners.

…read more […]

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