Technology

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

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

Former National Beverage Employee Alleges Company Falsely Claims Its Cans Are Chemical-Free

Former National Beverage Employee Alleges Company Falsely Claims Its Cans Are Chemical-Free

Stock Wire, Technology June 12, 2019 at 6:59 am 0 comments

National Beverage Corp (FIZZ) was down 7% Tuesday afternoon, recovering moderately from a more than 10% decline to its lowest share price since March 2016 that followed reports the sparkling water seller falsely claimed its metal containers were free of toxic chemicals. According to a copy of the lawsuit obtainedRead More

Strong Gains for Tech Stocks

Strong Gains for Tech Stocks

Technology June 10, 2019 at 7:00 pm 0 comments

Technology stocks were firming in recent trading, with the shares of tech stocks in the S&P 500 adding nearly 1.7% in value while the Philadelphia Semiconductor Index was rising almost 3%. Among technology stocks moving on news: (+) Vuzix (VUZI) soared more than 41% after unveiling, together with Dubai-based softwareRead More