Year: 2019

Q3 2019 MacroGenics Inc Earnings Call …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Osram Licht AG is backing a $4.4 billion takeover offer from AMS AG after reaching an agreement with the Austrian sensor maker that will protect workers from merger-related layoffs until 2022.Osram recommended Tuesday investors accept the proposal of 41 euros a share in cash, saying it “represents an appropriate valuation of the company.” The German car-parts supplier also reported better-than-expected fourth-quarter earnings, while pushing back mid-term targets. The shares rose 0.2% to 40.22 euros in Frankfurt.Osram’s decision to back a deal with …read more […]

Nationalising the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a “market solution” if ArcelorMittal pulls out of a contract to take over the site, Italy’s Deputy Economy Minister Antonio Misiani said on Tuesday. ArcelorMittal said last week it was withdrawing from a 2018 deal to acquire Ilva’s site in the southern city of Taranto, blaming its decision on a government move to scrap immunity from prosecution over environmental damage in the area. …read more […]

Nissan Motor Co Ltd reported a 70% profit tumble on Tuesday and cut its full-year outlook to an 11-year low, as the Japanese automaker continued to grapple with falling sales and the aftermath of the ouster of former Chairman Carlos Ghosn. Operating profit at Japan’s second-biggest automaker by sales came in at 30 billion yen ($274.98 million) during the July-September period versus 101.2 billion yen a year earlier. Nissan, whose financial performance has been in the doldrums for nearly two years, cut its forecast for operating profit to 150 billion yen in the year through March 2020, …read more […]

During commercial breaks in a broadcast of World Wrestling Entertainment’s WWE SmackDown, fans were shown ads for Walt Disney Co’s new streaming service, Disney+. “Try to keep up,” said Captain Marvel in one ad after a series of fast-paced clips from “Star Wars,” “The Simpsons,” “The Avengers” and other Disney-owned hits from outside of its deep catalogue of children’s classics. Disney’s marketing force is reaching beyond its traditional family audience to send a message that its $7-a-month subscription service Disney+ offers something for all ages. …read more […]

During commercial breaks in a broadcast of World Wrestling Entertainment’s WWE SmackDown, fans were shown ads for Walt Disney Co’s new streaming service, Disney+. “Try to keep up,” said Captain Marvel in one ad after a series of fast-paced clips from “Star Wars,” “The Simpsons,” “The Avengers” and other Disney-owned hits from outside of its deep catalogue of children’s classics. Disney’s marketing force is reaching beyond its traditional family audience to send a message that its $7-a-month subscription service Disney+ offers something for all ages. …read more […]

Japan Tobacco is halving the price of starter kits for its Ploom S reduced-risk cigarettes, as it struggles to compete against rival Philip Morris International. Japan is the world’s biggest market for “heat not burn” products, which emit less smoke than conventional cigarettes, as regular e-cigarettes with liquid nicotine are banned. From Dec. 1, the recommended retail price of the kit, including the smoking device which heats tobacco sticks, micro USB cable and AC adapter, will be 3,480 yen ($31.90) from 7,980 yen, Japan Tobacco said on Tuesday. …read more […]

(Bloomberg Opinion) — The high-pressure turbine blades in a Trent 1000 passenger jet engine have to withstand temperatures far above the melting point of the nickel alloy from which they’re made. It’s a fiendish technical challenge for the engine’s British manufacturer, Rolls-Royce Holdings Plc — comparable to trying to stop an ice cube melting inside a kitchen oven on full blast. The solution found by the company’s engineers was to blow cool air through tiny holes in the blades. Unfortunately this clever approach has encountered some unexpected problems.Boeing 787 aircraft operated by British Airways, Norwegian Air Shuttle, Virgin Atlantic and …read more […]

Asian share markets edged higher on Tuesday and Europe looked set to follow as investors awaited a speech by President Donald Trump on U.S. trade policy and on news he will likely delay a decision on whether to slap tariffs on European autos. EU officials said Trump was expected to announce this week that he was delaying the tariff decision on cars and auto parts imported from the European Union likely for another six months. The news boosted expectations about Trump’s speech later in the day about his administration’s long-running trade war with China. …read more […]

Hugo Boss AG (ETR:BOSS), which is in the luxury business, and is based in Germany, saw a decent share price growth in… …read more […]