Fiat Chrysler’s chief executive Michael Manley said on Wednesday merger talks with Peugeot owner PSA to create the world’s No. 4 carmaker are progressing well and he hopes to have a deal sealed within 12-14 months.
ValueAct Capital Partners LP’s founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund’s president, Mason Morfit, according to a source familiar with the matter.
Here are the basics on how Buffett achieved success — and you can, too. …read more […]
Abbott Laboratories’ incoming Chief Executive Officer Robert Ford said on Wednesday that deal-making was not on the company’s agenda. “On the M&A side, we’re not looking to do any deals right now,” Ford, who currently serves as chief operating officer, said on a conference call. Ford also noted that Abbott intended to raise dividend payments to shareholders. …read more […]
Tesla Inc on Wednesday became the first publicly listed U.S. carmaker to cross $100 billion in market valuation, in a stunning rally that has seen its stock more than double in the past three months.
U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn’t agree to a trade deal.
Shares of the company, which is already valued more than Ford Motor Co and General Motors Co combined, were up 4.8% at $573.20 in early trading. The milestone comes less than a month after Tesla’s stock crossed $420, the price at which Chief Executive Officer Elon Musk had tweeted he would take the electric-car maker private. Tesla’s market value also puts Musk a step closer to earning the first $346 million tranche of options in a record-breaking pay package. …read more […]
Medical device maker Abbott Laboratories Inc beat quarterly sales estimates on Wednesday, benefiting from higher demand for its nutrition products and generic drug sales.
The U.S. dollar edged lower on Wednesday and the Japanese yen and the Swiss franc slipped amid muted demand for safe haven units as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday.
Company enters the multi-billion dollar VR industry NEW YORK and TORONTO, Jan. 22, 2020 — NexTech AR Solutions (the “Company” or “NexTech”) (otcqb:NEXCF) (NTAR)(N29) NexTech AR Solutions, the industry leader in augmented reality, is pleased […]
VANCOUVER, Washington, Jan 22, 2020 — First patient with metastatic triple-negative breast cancer (mTNBC) continues to show no detectable circulating tumor cells (CTC) or putative metastatic tumor cells after 15 weeks of treatment with leronlimab […]
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is… …read more […]
Shared workplace operator WeWork said on Wednesday it sold cloud and analytics services provider Teem to digital workplace solutions provider iOFFICE, as it offloads non-core businesses after a botched initial public offering last year.
The S&P 500 and the Nasdaq hit fresh all-time highs at the open on Wednesday, as investors took heart from China’s efforts to contain a virus outbreak and a strong forecast from IBM.
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