Markets

by | March 23, 2019 | 17:55

However, there were no safety concerns. Without the potential revenue from an Alzheimer's drug, the company has poor growth prospects as it faces patent issues over its flagship Tecfidera multiple sclerosis drug and possible competition to spinal muscular atrophy drug Spinraza, Wall Street analysts said .

by | March 23, 2019 | 08:30

With $5.6 billion in net revenues and sales in more than 110 countries in fiscal year 2018, this is one of the world's leading apparel companies, with the Levi's brand having the highest brand awareness in the denim bottoms category globally.

by | March 23, 2019 | 04:17

CVS Pharmacy is now selling cannabidiol, or CBD , in IL and seven other states. CVS stated that it has started selling Curaleaf products in Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland, and Tennessee. Curaleaf jumped as much as 17 percent on Thursday in Toronto, giving the company a market value of more than $2.6 billion. Joseph Lusardi, Curaleaf's CEO, said , "We've been having dialogue with national retailers for many months now".

by | March 23, 2019 | 02:42

The NBA Hall of Famer will also take a stake of about 30 percent in 9 Atlanta outlets of the company, which says it is the world's third-largest pizza deliverer. The announcement comes after the pizza franchise weathered a public relations storm a year ago when the founder, Schnatter dropped the n-word during a conference call.

by | March 23, 2019 | 01:47

This media giant has now got the ownership rights of India's leading satellite network, Star TV. Disney closes its $71.3 billion Fox deal acquiring parts of 21st Century Fox; jury in San Francisco finds that exposure to Bayer's Roundup Weedkiller is responsible for a man developing cancer.

by | March 22, 2019 | 22:25

Orion Assembly now builds the Chevrolet Bolt EV , Chevrolet Sonic and the Cruise AV test vehicles. The new Chevrolet electric vehicle is in addition to the existing Chevrolet Bolt EV . Reuters reported Thursday that GM was initially considering building the new EV in China. In November, GM announced plans to shut the four US factories and one in Canada.

by | March 22, 2019 | 22:15

Energy Information Administration (EIA) said on Wednesday. "Nonetheless, the market continues to be supported by the OPEC-led supply cuts and the United States sanctions against Iran and Venezuela ", analyst James Hyerczyk wrote in a report.

by | March 22, 2019 | 18:40

The Flat Rock plant, which now employs 3,400 people, builds the Ford Mustang and Lincoln Continental cars. Hinrichs said company projections of electric vehicle sales made it clear that Ford needed more space to build them. The moves are part of the company's commitment to continuously find ways to boost its global competitiveness. "It wasn't so much about avoiding tariffs", Hinrichs said, "it was about improving the business".

by | March 22, 2019 | 17:01

A Texas man has taken his steer to a Petco store. When two Texans found out that the popular pet store Petco supposedly welcomes all leashed pets in their stores, they chose to put that rule to the ultimate test. An attempt to call management's bluff at the Petco in the Northeast Houston suburb of Atascocita. He added that the staff was "super friendly and courteous".

by | March 22, 2019 | 16:44

People walk past branches of ASDA and Sainsbury's in Stockport, Britain April 30, 2018. They did not say how many stores they proposed to divest. "We are committing to reducing prices by one billion pounds per year by the third year which would reduce prices by around 10 percent on everyday items".

by | March 22, 2019 | 15:56

Duty on a bottle of wine rose on 1 February pushing the cost of a bottle up by 8p. Alistair Wilson, head of retail platform strategy at Zurich, commented: "Inflation holding relatively steady, the highest levels of employment since 1971, and wages increasing at their fastest pace in over a decade gives a rosy shine to the UK's economic position".

by | March 22, 2019 | 14:46

Volvo on Wednesday announced plans to install in-car cameras in its vehicles that will monitor drivers for signs of distracted or impaired driving and take action if it appears that the driver's behavior becomes unsafe. "The Care Key provides one good solution and extra peace of mind". We can't help but wonder if Volvo's next step will be a message when you start the auto up that says "We know what is good for you" while slowly and ominously tightening the seatbelt.

by | March 22, 2019 | 03:44

The European Council , which consists of the leaders of the E.U.'s member states, had appeared skeptical of giving any delay without a firm plan, but on Thursday night announced they had agreed to a pause until May 22 - although that is conditional on British lawmakers approving the deal next week.

by | March 21, 2019 | 21:24

Facebook , the world's largest social network with 2.7 billion users and almost $56 billion in annual revenue, has been on the defensive over its advertising practices, while also fending off privacy scandals and disclosures that Russian Federation used its platform to meddle in the 2016 U.S.

by | March 21, 2019 | 06:57

This sets a notable precedent, and serves as a governmental validation of sorts for the nascent technology. Today, two of the Australian ministries have released a joint media release. Per the roadmap, the government will push for the development of blockchain "regulation, skills and capacity building, innovation, investment, and global competitiveness and collaboration".

by | March 21, 2019 | 06:06

NJ.com will publish the numbers at www.nj.com/lottery. Lucky for Life draws at 10:35 p.m. on Mondays and Thursdays. But maybe not for long, after a bill was introduced in the New Jersey State Legislature to allow winners to remain anonymous.

by | March 21, 2019 | 03:39

The Federal Reserve is signaling that it may be done hiking interest rates this year, amid signs of economic slowing. The projections go further than the one-hike forecast analysts had expected in a Bloomberg survey. "Growth of economic activity has slowed from its solid rate in the fourth quarter" of 2018, the committee said in a statement. "Overall inflation has declined", though excluding food and energy it "remains near 2 percent", the central bank said.

by | March 21, 2019 | 01:30

The central bank intends to slow the reduction of its holdings of Treasury securities by reducing the cap on monthly redemptions from the current level of 30 billion US dollars to 15 billion dollars beginning in May, according to the statement.

by | March 20, 2019 | 21:42

This time around we're looking at a €1.5 billion ($1.7 billion) antitrust fine as a result of illegal practices in Google's AdSense business. The latest fine comes after the European Union found Google guilty of preventing third-party websites that used its AdSense for Search boxes from displaying search ads from competitors in the results page.

by | March 20, 2019 | 17:11

That's according to a regulatory filing the company made with the U.S. Securities & Exchange Commission. Both Uber and Lyft are losing money, so like several unicorns before them, they will seek to tap investor anxiety about missing out on a red-hot technology IPO .