Home » Top Stories
Johnson & Johnson Drug Tops Humira in Psoriasis Study
The experimental drug from Johnson & Johnson for psoriasis met its major goals as well as beat a rival in a final stage study related to psoriasis. That has positioned J&J to grow its line-up of immune-disease medications. The... More of this article »
FDA Approves New Insulin Pump
The U.S. Food and Drug Administration has approved the sale of a device that is a substantial advance toward an artificial pancreas for patients with Type 1 diabetes. This insulin pump, which has been long awaited, has the goal of... More of this article »
New Home Sales Plunge in August by 7.6%
New home sales pulled back during August, one month following a surge in sales to their highest level in over 9 years. In each region, activity dropped across the country with the exception of the West. Sales of new homes were down... More of this article »
General Mills Has Earnings Hit By Weak Sales of Yogurt
General Mills Inc posted sales that fell 7% during its most recent quarter, ending the three-month period at $3.9 million, due to a plunge in the United States of its Yoplait yogurt business as shoppers shift to brands that are Greek-style. General... More of this article »
New CEO at GlaxoSmithKline Joins Small Group of Women
The recent appointment by GlaxoSmithKline of Emma Walmsley as CEO put her on a short list to become the highest profile female in corporate Britain. Walmsley, who is 47, will take the post of CEO in 2017 when Andrew Witty the current... More of this article »
Johnson & Johnson Acquires Eye Surgery Unit from Abbott
Johnson & Johnson have agreed to purchase the eye-surgery equipment business of Abbott Laboratories for the price of $4.33 billion, which moves the giant in healthcare towards its set goal of increasing all three of its core businesses. This... More of this article »
Europe: YouTube Must Pay Artists More
Europe has started a new battle in its fight against big tech from the U.S., as it announced draft rules that could make YouTube as well as others pay more to the world’s music industry. European Union law is administrated by the... More of this article »
Ford Pays $65 Million to Acquire Startup Chariot
Late last week, Ford Motors acquired Chariot a startup shuttle van company in a deal that was all cash. However, the price at the time of the deal was not disclosed, so it was not certain if the deal had been for a distressed startup... More of this article »
Engineer at Volkswagen Files Guilty Pleas in Emissions Scandal
An engineer at Volkswagen has pleaded guilty to aiding the German automaker’s efforts to cheat emissions tests, thus becoming the first individual convicted criminally in the United States in a scandal that is wide-ranging that to... More of this article »
Drop in Prices of Food Pressures Distributors and Grocers
A continual slide in the price of food has put pressure on more U.S. distributors and grocers, weighing down their shares and prompting some to make revisions to their outlooks in earnings for the full year. Sprouts Farmers Market... More of this article »
Google Asia is Faster as Undersea Cable Reaches Data Center
People online across Asia could be enjoying faster access to some services on Internet starting today as news was released that Google switched on its latest high-speed undersea cable, bringing faster connectivity to its services within... More of this article »
Campbell Soup Weighed Down by Carrot Business
Campbell Soup Co posted an adjusted profit that was less than had been predicted due to a recalled product and higher costs as well as lower sales of its carrots. The company expects the same issues to dent sales the remainder of 2016. The... More of this article »
Samsung Stops Shipments of Smartphone Galaxy Note 7
South Korea based Samsung Electronics has seen a revival in its mobile sector of late, but all of that was thrown into great doubt as the tech titan stopped all shipments in South Korea of its new smartphone the Galaxy Note 7. Investors... More of this article »
Abercrombie & Fitch Posts Drop in Sales for Quarter
Abercrombie & Fitch reported a drop in sales for its most recent quarter as well as releasing a cautious outlook for the rest of the year, as the retailer of apparel struggled to entice shoppers into its locations in malls. Abercrombie... More of this article »
Facebook Changes Trending News to Be More Automated
On Friday, Facebook said it was automating its feature trending stories further, a move that scales back the human input in order to prevent any personal bias from influencing the stories that are highlighted. The giant of social media... More of this article »
Senators Urge EpiPen Scrutiny Over Increase in Price
Two United States Senators have raised concerns about huge increases of price on a drug that is used for emergency conditions when there is a food allergy reaction. Senator Chuck Grassley of Iowa wrote to Mylan the maker of the drug... More of this article »
Target Corp Cuts Annual Forecast for Profit
During the just ended quarter, Target Corp posted sales at same-stores that fell and the retailer is expecting more declines that will hamper its turnaround. On Wednesday, Target Corp announced that its sales at its established locations... More of this article »
Home Depot Has 9.3% Increase in Profit from Latest Quarter
On Tuesday, Home Depot posted revenue and earnings that were mostly in line with estimates on Wall Street, as the largest retailer for home improvement in the world continued reaping the benefits of a strong U.S. housing market. The... More of this article »
Report: Lyft Rejects Acquisition Bid by General Motors
General Motors is a minority shareholder of Lyft the riding hailing company but has expressed its interest in acquiring the company. However, that was rejected by Lyft, says a report by an online information site. The acquisition bid... More of this article »
Michael Kors and Coach Hand Department Stores Another Setback
Department stores are already struggling as they face declining numbers of customers and on Tuesday and Wednesday were hit hard again by two brands that are considered big lures for department store shoppers. On Wednesday, Michael... More of this article »
Valeant Pharmaceuticals Posts Earnings That Miss
Valeant Pharmaceuticals posted revenue and earnings for the quarter that came up short of expectations on Wall Street on Tuesday, but kept its forecast for the full year as it attempts to restore confidence in its investors after its... More of this article »
Bristol Myers Says Opdivo Did Not Meet Endpoint in Study
The surprise failure of a cancer drug in a clinical trial slashed over $20 billion off the market value of Bristol-Myers Squibb on Friday, and increased the questions about one of the hottest research areas of the industry; drugs that... More of this article »
Burger King Owner Same Store Sales Come Up Short
Despite getting a boost in sales from unique new products such as Mac ‘N Cheetos and Chicken Rings, Restaurant Brands International saw its sales in same stores come up short of expectations by analysts. The owner of Tim Hortons... More of this article »
Pfizer’s New Products Help Profit for First Quarter
Newer drugs such as Ibrance for breast cancer and Lyrica for nerve pain sold well during the quarter helping U.S. based Pfizer. The pharmaceutical giant reported results that were better than had been expected for the second quarter... More of this article »
AbbVie Increases Forecast on Profit Due to Strong Sales of Humira
AbbVie posted quarterly revenue and profit that was higher than had been expected driven by the demand for Humira its flagship drug, and increased its forecast for earnings for the full year. Humira, the biggest selling drug in the... More of this article »
Shell Posts Disappointing Results As Profit Hit by BG Deal and Oil
Royal Dutch Shell has posted a disappointing quarterly drop in profit of more than 72%, which it blamed on costs that were related to its BG Group takeover for $54 billion and weak prices of oil. Shell missed estimates of analysts... More of this article »
McDonald’s Misses Expectations on Growth of Sales
McDonald’s Corp, the largest restaurant chain in the world posted sales growth for same stores that came up short of analyst expectations, which stoked concerned that the fast food industry in the U.S. was heading toward a recession. Sales... More of this article »
Sales of Apple Watch Plummet 55%
For just the first time, the global smartwatch market experienced a decline year over year of more than 32% showed data released by International Data Corporation or IDC an online research firm. While Apple remained the market leader... More of this article »
Roche Tops Forecasts for the Quarter
Roche based in Switzerland, beat expectations of the market for its net income during the first half of the year with help from sales of a cancer drug along with a big one-off gain in its pension plan. Core earnings a share, adjusted... More of this article »
Novartis Releases Profit Warning
Swiss pharmaceutical giant Novartis AG lowered its guidance for profit for the full year as it increases its investment in its new drug for heart failure to offset dropping sales of Gleevec its blockbuster cancer drug. Joe Jimenez... More of this article »
Herbalife Paying Settlement of $200 Million to FTC
Herbalife agreed to pay $200 million on Friday in consumer relief as well as change some of its business practices as part of its settlement with the FTC or Federal Trade Commission. This agreement will allow the company, which specializes... More of this article »
Delta’s Profit for Second Quarter Rises But Revenue Falls
Delta Air Lines posted profit for the second quarter that beat Wall Street expectations despite revenue that was lower. The company is planning to limit growth in an attempt to push its fares higher. Lower prices of fuel have been... More of this article »
Seagate to Eliminate 6,500 Jobs Despite Hard Disk Demand
Seagate Technology will eliminate approximately 6,500 jobs across the globe, which is equivalent to about 14% of its overall workforce, it announced on Monday. The company has announced in June that it was cutting 1,600 jobs that equaled... More of this article »
Netflix and Comcast Set Feud Aside for Top Box Deal
Netflix has entered into a deal with Comcast that is pleasing to those people looking to stop buying complete cable programming and just channels they are interested in watching. Netflix’s streaming service will soon be available... More of this article »
PepsiCo Beats Wall Street on Profit With Help from Frito Lay
PepsiCo posted profit for the second quarter that topped expectations on Wall Street as the company slashed its costs and sold more snacks from Frito Lay than it expected. The company raised its earnings outlook for the full-year,... More of this article »
Chipotle Giving Away Food to Win Customers Back
Chipotle Mexican Grill hopes that some free food will help them to win back some valued customers. The chain will launch its Chiptopia promotion for the summer beginning Friday that will reward customers for the number of times they... More of this article »
Strong Dollar Will Cost Apple and Others Sales Following Brexit
Investors should be getting ready to listen to more negative impact of foreign exchange of currency on financial results from large tech companies in the U.S. That is due to the U.S. dollar strengthening which started over a year ago... More of this article »
Boeing Announces Historic Deal with Iran Air
Boeing announced that it signed a landmark agreement with Iran Air to sell the airline new jetliners. This is the first major new deal between a company based in the United States and Iran since the sanctions related to the Islamic... More of this article »
Rite Aid Posts Sales and Profit That Miss
Drugstore chain Rite Aid said reductions in drug costs would be short of their expectations in the short term. Rite Aid Corp, posted sales and earnings that disappointed for its just ended first quarter amidst pressure from pharmacy... More of this article »
Consumer Prices Rise as Rents Move Up in U.S.
The U.S. cost of living excluding fuel and food rose during May, driven by the rising costs of rent. The core measure as it is called of the consumer price index was up 0.25 during May, the same as it was during April, a report on... More of this article »
Retail Sales: Higher Increase Than Forecasted as Consumers Spend
In May, retail sales increased more than had been forecasted, showing that consumer spending will give a boost to economic growth during the second three months of 2016. The increase of 0.5% in purchases comes after a jump of 1.3%... More of this article »
TAG Heuer CEO: Watchmaker Pushing into China
On Saturday, the CEO of LVMH’s Swiss luxury watchmaker said the company was pushing the brand TAG Heuer in China, as its rivals pull back their investment in the most populous country in the world due to demand becoming weaker. Jean-Claude... More of this article »
DONG Energy Stock Surges After Largest European IPO in 2016
DONG Energy shares jumped by up to 10% Thursday after the utility and wind farm developer based in Denmark scored the largest initial public offering thus far in 2016. The company has built over 25% of the offshore wind farms in the... More of this article »
Valeant Pharmaceuticals Sales Plunge for Key Drugs, Cuts Forecast
Canada based Valeant Pharmaceuticals International has a problem with its underlying business not its critics or leadership. Shares of the pharmaceutical company plunged during early Tuesday trading as its new CEO Joseph Papa cut the... More of this article »
Signet Shares Drop As Report Alleges Diamond Swapping
Signet Jewelers the operator of Jared, Kay and Zales said it strongly objected to the allegations. Signet Jewelers shares dropped on Friday reaching a weeklong drop of 12% amidst reports that have questioned its customers’ credit... More of this article »
Jazz Pharmaceuticals to Acquire Celator for $1.5 Billion
Jazz Pharmaceuticals has agreed to purchase Celator Pharmaceuticals in a deal that is worth approximately $1.5 billion, which represents a large premium for a business that has a promising drug for leukemia but still no revenue. Jazz... More of this article »
Twilio the Communications Startup Files for Initial Public Offering
Even though there currently is a cool market for IPOs, communications startup Twilio Inc based in San Francisco has decided to take the plunge and filed for an initial public offering. On Thursday, the company disclosed that it filed... More of this article »
CVS Health Increase Access to Overdose Treatment
On Wednesday, CVS Health Corp the chain of drugstores said it would be expanding the access to the drug naloxone, which is an opioid overdose reversal treatment, to seven more states during the summer. The program of the company to... More of this article »