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CBS Second-Quarter Results Beat Forecasts

CBS Second-Quarter Results Beat Forecasts

Stock Wire August 9, 2019 at 7:03 pm 0 comments

CBS (CBS.A, CBS.B) posted better-than-expected results for its fiscal second-quarter after markets shut on Thursday, helped by double-digit growth in revenue from affiliates and subscription fees as well as content licensing and distribution. The New York-headquartered company posted revenue of $3.81 billion in the three months to June 30, upRead More

Allergan Reports Better-Than-Expected Second-Quarter Results as Medicines Offset Weaker Therapeutics

Allergan Reports Better-Than-Expected Second-Quarter Results as Medicines Offset Weaker Therapeutics

Stock Wire August 6, 2019 at 2:27 pm 0 comments

Allergan (AGN) reported better-than-expected results for its fiscal second quarter on Tuesday, as the pharmaceutical company benefited from growth in its medicines and cosmetic products like Botox and Juvederm. The Dublin, Ireland-based company that’s set to be acquired by AbbVie (ABBV) also raised its revenue outlook for the current year.Read More

Oil Rises On Inventory Data

Oil Rises On Inventory Data

Movers July 31, 2019 at 2:23 pm 0 comments

Crude oil prices were up early on Wednesday on smaller U.S. inventories and hopes that a U.S. interest-rate cut will boost demand. West Texas Intermediate crude for September delivery was last seen up US$0.58 to US$58.63 per barrel while near month Brent crude was US$0.55 higher at US$65.27. In itsRead More

Stocks Slide in Early Session

Stocks Slide in Early Session

Stock Wire July 25, 2019 at 3:36 pm 0 comments

Stocks were heading lower on Thursday morning as carmaker Ford Motor’s (F) results weighed on the Standard & Poor’s 500 while Tesla’s (TSLA) selloff after its earnings dented the Nasdaq Composite. All the US measures trended lower after the open, with more than two-thirds of the blue chips on theRead More

European ADRs Move Lower in Monday Trading

European ADRs Move Lower in Monday Trading

Stock Wire July 22, 2019 at 3:18 pm 0 comments

American depositary receipts of European stocks were trading 0.16% lower at 1,046.94 on the BNY Mellon Europe Select ADR Index on Monday. In continental Europe, the gainers were led by electronics maker Philips Electronics (PHG) and biotech firm Zealand Pharma (ZEAL), which climbed 5.5% and 2% respectively. They were followedRead More

Cintas Unveils Full-Year Guidance

Cintas Unveils Full-Year Guidance

Stock Wire July 17, 2019 at 2:43 pm 0 comments

Uniform rental company Cintas (CTAS) unveiled full-year guidance after markets shut on Tuesday as it posted better-than-expected results for its fiscal fourth-quarter which were buttressed by double-digit growth in its first aid operating segment. The Cincinnati, Ohio-headquartered company, which also provides flame-resistant clothing and restroom and hygiene solutions, generated revenueRead More

U.S. GDP Growth Estimate Remains at 3.1%

U.S. GDP Growth Estimate Remains at 3.1%

Technology June 27, 2019 at 7:29 pm 0 comments

The pace of economic growth in the first quarter remained slightly lower than previously estimated, according to the final output reading from the Bureau of Economic Analysis. Gross domestic product growth remained at an annual 3.1% in the first three months of the year, compared with the advance estimate inRead More

European ADRs Trading Lower

European ADRs Trading Lower

Stock Wire June 25, 2019 at 3:14 pm 0 comments

American depositary receipts of European stocks were trading 0.03% higher at 1,055.23 on the BNY Mellon Europe Select ADR Index on Tuesday. In continental Europe, the gainers were led by 3D printer maker voxeljet (VJET) and pharmaceutical company Novartis (NVS), which rose 0.8% and 0.7% respectively. They were followed byRead More

AbbVie Set to Acquire Botox Maker Allergan in Cash-and-Stock Deal Valued at $63 Billion

AbbVie Set to Acquire Botox Maker Allergan in Cash-and-Stock Deal Valued at $63 Billion

Movers, Technology June 25, 2019 at 1:29 pm 0 comments

AbbVie (ABBV) said on Tuesday it will acquire Allergan (AGN), which has a portfolio of pharmaceuticals including Botox skin treatment and CoolSculpting for fat loss in a $63 billion cash-and-stock deal. The combined company will have a combined 2019 revenue of about $48 billion and will have leading positions inRead More

European ADRs Move Higher

European ADRs Move Higher

Movers June 21, 2019 at 4:15 pm 0 comments

American depositary receipts of European stocks were trading 0.51% higher at 1,053.33 on the BNY Mellon Europe Select ADR Index on Friday. In continental Europe, the gainers were led by biotech firm Forward Pharma (FWP) and online dating site operator Spark Networks (LOV), which rose 2.7% and 2.4% respectively. TheyRead More