Trading Ideas
Amazon halts Seattle expansion over city tax proposal
Even as Amazon continues to grow at a staggering rate, it is pumping the …read more […]
Articles by admin
Trading Ideas
Why NXP Semiconductors NV Shares Plunged Today
The Dutch microchip maker reported fairly decent first-quarter results, but management didn’t have much to say about the pending merger with Qualcomm. …read more […]
Trading Ideas
Regeneron’s newer drugs disappoint, shares slip
Regeneron Pharmaceuticals Inc disappointed Wall Street with lower-than-expected sales of its newer treatments, eczema medicine Dupixent and heart drug Praluent, exacerbating concerns over the company’s future sales growth as its best-selling eye drug Eylea faces more competition. Regeneron is bracing for a hit to Eylea’s sales by focusing on expanding Dupixent’s label to reach more patients and venturing into the hot new field of immuno-oncology with a potential regulatory approval later this year. Just two days ago, Regeneron and partner Sanofi SA slashed the price on Praluent by more …read more […]
Business News
Bank of America to shift 125 British jobs to Ireland ahead of Brexit
LONDON (Reuters) – Bank of America will relocate up to 125 jobs from Britain mostly to Ireland as it prepares for Britain’s exit from the European Union, according to a corporate filing.
Business News
Canadian coffee chain Tim Hortons’ U.S. franchisees to sue parent
TORONTO (Reuters) – A group of Canadian coffee chain Tim Horton’s U.S. franchisees said on Thursday it is suing parent company Restaurant Brands International , escalating growing tensions between the company and owners of its U.S. and Canadian coffee shops.
Trading Ideas
The Windows 10 April 2018 Update: Terrible name, sweet upgrade
It’s a mass of random improvements, scattered all over its 50 million lines of code. …read more […]
Business News
Bombardier commits to aero program after CSeries, Toronto land sale
(Reuters) – Bombardier Inc said on Thursday it will stick by its remaining commercial aerospace program after agreeing to sell its biggest land asset, as the Canadian plane and train maker strives to raise cash to pay down its debt.
Business News
Spotify shares skid as inaugural results undermine Wall Street hype
(Reuters) – Music streaming service Spotify Technology SA’s shares fell 9 percent in early trading on Thursday as the company’s first quarterly report underwhelmed in the face of heightened Wall Street hype.
Business News
U.S. trade deficit narrows sharply; labor market tightening
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter.
Business News
Rolls-Royce says working quickly to fix Trent 1000 problems
LONDON (Reuters) – Britain’s Rolls-Royce is working quickly to repair problems with some of its Trent 1000 engines that have left planes grounded, it said on Thursday, adding it remained confident the cost would not cause it to miss financial forecasts. Rolls-Royce was questioned at its annual shareholder meeting about problems with the Trent 1000 package C, the engine used to power some Boeing Dreamliner 787 planes, in what is a new headache for a company in turnar
Business News
Wall Street drops as trade worries, earnings weigh
(Reuters) – U.S. stocks headed lower on Thursday as investors remained wary about the outcome of U.S.-China trade talks, while a slew of disappointing earnings weighed on the indexes.
Business News
U.S. factory orders rise, but business equipment spending slowing
May 3 – New orders for U.S.-made goods rose more than expected in March, boosted by strong demand for transportation equipment and a range of other products, but there are signs that business spending on equipment is slowing.
Business News
Last man standing: lonely Fed tightening spurs dollar surge
LONDON (Reuters) – As speculation about interest rate rises and policy ‘normalization’ in the euro zone, Japan, Britain and China falls away rapidly, the U.S. Federal Reserve’s now lonely monetary tightening has suddenly supercharged the dollar.
Business News
Tesla shares, bonds drop as CEO Musk snubs Wall Street
(Reuters) – Tesla Inc chief Elon Musk’s refusal to answer “boring” Wall Street questions about the electric car maker’s financial condition sent shares down as much as 7 percent on Thursday and spurred concerns about its ability to raise money in the future.
Business News
Fresenius sees Akorn lawsuit dragging on into 2019
BERLIN (Reuters) – German healthcare group Fresenius SE said on Thursday its legal battle with Akorn over its canceled $4.7 billion takeover could drag on into 2019 as it posted a slight decline in quarterly profit hurt by a strong euro.