Month: October 2019

Oct.03 — Apple Inc.’s latest smartphones come to markets. Bloomberg’s Mark Gurman reviews the iPhone 11 Pro on “Bloomberg Daybreak: Australia.” …read more […]

After months of evaluating sale and merger options, telecommunications gear provider Avaya Holdings Corp on Thursday announced a strategic partnership and $500 million cash contribution from RingCentral Inc. Avaya long made hardware systems that sit inside of businesses to provide unified phone and video conferencing services, as well as gear for call centers. The company, which emerged from a bankruptcy filing in 2017 after a previous $8.3 billion leveraged buyout by TPG Capital and Silver Lake in 2007, faces growing competition from large rivals such as Microsoft Corp and Amazon Web Services. …read more […]

A CVS Health Corp health plan that uses an outside drug pricing group to help it decide whether to cover certain new medicines has gained little traction with customers, according to its top medical executive, and has drawn fierce criticism from patient advocacy groups. The plan, launched a year ago, is based on analyses by the Institute for Clinical and Economic Review (ICER), a Boston-based group that assesses effectiveness of drugs to determine appropriate prices. Using ICER’s cost effectiveness assessment, CVS decides whether to include second or third medicines entering the market if there are already similar ones …read more […]

Nearly three years after OPEC and partners started curbing production, oil prices are once again under pressure, facing increased geopolitical risk and a deteriorating global economy …read more […]

(Bloomberg) — HP Inc. will slash as much as 16% of its workforce as part of a broad restructuring meant to cut costs and boost sales growth amid the company’s first change in top leadership in four years.The personal computer giant said it will cut 7,000 to 9,000 positions through firings and voluntary early retirement. The job reductions will help save about $1 billion by the end of fiscal 2022, the Palo Alto, California-based company said Thursday in a statement. HP had 55,000 employees as of a year ago, the last time it disclosed the figure.HP also announced it expects …read more […]

Alaska Airlines and American Airlines, once strong partners in codeshare and loyalty, are further distancing their relationship. Starting on March 1, 2020, it will no longer be possible to redeem AAdvantage miles to book flights on Alaska nor will it be possible to spend Mileage Plan miles to book on American. The changes comes amid […] …read more […]

Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […] …read more […]

A sudden eruption of protests in Iraq, and the ensuing crackdown, has raised the prospect of further instability in a key oil-producing country in the Middle East …read more […]

The U.S. Food and Drug Administration on Thursday approved Gilead Sciences Inc’s Descovy to reduce the risk of sexually acquired HIV infection in men and transgender women who have sex with men. The approval does not include use of the drug by women to prevent HIV infection. Descovy, a combination drug, was approved in 2016 to treat people already infected with HIV. …read more […]

With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Citigroup Inc. (NYSE:C). Citigroup Inc. (NYSE:C) was in 83 hedge […] …read more […]