Month: December 2018
Rite Aid posts better-than-expected Q3 earnings
Drugstore chain Rite Aid Corporation (RAD) slipped to a loss in the third quarter from a profit last year, due…
Allergan stock plunges to 5-year low after product recall in Europe
Allergan (AGN) suffered a major setback Wednesday after European regulators asked the company to stop the sale of its textured…
GSK teams up with Pfizer to announce major changes to business
GlaxoSmithKline plc (GSK) and Pfizer Inc. (PFE) have decided to combine their consumer health businesses in an all-equity transaction that…
GE shares spike on reports of healthcare unit spin-off
General Electric (GE) shares jumped 8% during intra-day trading on Wednesday after the company reportedly filed for the IPO of…
Canada-listed cannabis firm Harvest bags every license it applied for in Pennsylvania
Canada-listed Harvest Health & Recreation, Inc. announced it won every license it applied to open more retail stores. According to…
Federal Reserve likely to lift rates by a quarter point
The Federal Reserve is widely expected to lift the key borrowing rate for the fourth time this year by a…
New dawn for urban transport as Elon Musk unveils first underground tunnel
Putting an end to speculations, the futuristic transportation tunnel envisaged by Tesla (TSLA) CEO Elon Musk was opened in Los…
General Mills earnings miss estimates in second quarter
Cheerios-maker General Mills (GIS) posted its second-quarter earnings on Wednesday, Dec. 19 before the opening bell. Revenue rose 5% to…
SoftBank Corp’s massive debut-day slump pulls down Tokyo market
SoftBank Corp, the telecommunications unit of SoftBank Group Corp, closed down 14.5% on its first trading day at the Tokyo…