CVS Health Corp beat analysts’ estimates for quarterly profit on Wednesday and the drugstore operator defended its pharmacy benefits management business in the face of the Trump administration’s move to clamp down on escalating drug costs.
India’s antitrust regulator on Wednesday approved U.S. retail giant Walmart Inc’s $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc in the fast growing market.
With shares nearly double where they were in May, OPKO Health, Inc. (NASDAQ:OPK) needed a strong second-quarter earnings report to justify the gains in OPKO stock. What, then, is the company worth after OPKO reported earnings and revenue that beat consensus estimates? …read more […]
Thomson Reuters Corp said it was thinking about acquisition opportunities after reporting quarterly earnings that were ahead of expectations on Wednesday and reaffirming its 2018 forecast.
Boeing Co . the world’s largest planemaker, said on Wednesday it expects delivery delays of its hot-selling narrowbody aircraft to continue deeper into the year as it grapples with delays of fuselages and engines from suppliers.
U.S. stocks were flat on Wednesday after China retaliated to Trump administration’s latest tariffs, escalating trade tensions and muting strong corporate earnings.
Tesla Inc said on Wednesday its board is evaluating Chief Executive Elon Musk’s idea of taking the company private after he brought the matter up for discussion last week.
The rouble slid towards its lowest level in nearly two years on Wednesday and investors sold off bonds and stocks after the Kommersant daily published what it said was the full text of a draft U.S. law detailing possible penalties against Russia.
China is responding to President Trump’s latest trade moves with new tariffs on $16B worth of cars, oil. Yahoo Finance’s Alexis Christoforous, Dion Rabouin and Rick Newman dig into the implications. …read more […]
Glencore said it would favour share buybacks over deal-making after it reported a 23 percent rise in first-half core earnings on Wednesday, just below analyst forecasts.
Tesla Inc Chief Executive Elon Musk started talks with the company’s board last week about taking the electric car maker private, some board members said on Wednesday.
“This included discussion as to how being private could better serve Tesla’s long-term interests, and also addressed the funding for this to occur,” the board members said. The board members said they had met several times last week with Musk and were evaluating the next steps. The statement came from six board members, including James Murdoch, chief executive officer of Twenty First Century Fox and Brad Buss, who served as SolarCity’s Chief Financial Officer till 2016. …read more […]
U.S. stocks opened lower on Wednesday after China retaliated to Washington’s latest tariffs, clouding a strong showing for corporate earnings.
Tesla Inc Chief Executive Officer Elon Musk’s plan to take the electric car maker private raised doubts among Wall Street analysts about the billionaire’ s ability to gather enough financial backing to complete the deal.
“Given the haphazard process of disclosure last afternoon, our initial impression was that Elon Musk sprung his plan of going private upon the public without consulting Tesla’s board of directors or major shareholders,” Bernstein analysts said in a note titled “Going private? Most analysts were skeptical, but some said a deal could materialize if Musk succeeded in lining up the right funding. “Elon’s tone and messaging regarding a potential transaction lead us to believe that there could be significant outside funding lined up,” RBC analysts said. …read more […]
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