Equipment rental operator United Rentals (URI) reported better than expected first quarter earnings backed by higher rental revenue. The company, which has
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New products drive sales at Abbott in Q1
Healthcare company Abbott Laboratories (ABT) reported worldwide sales of $7.4 billion for the first quarter of 2018, an increase of 16.7% versus
Amazon finds the healthcare space a hard nut to crack
Rumors surrounding Amazon’s (AMZN) foray into the trillion-dollar healthcare market had not only grabbed widespread media attention; it had also encouraged competitors
Cancer drugs lift Johnson & Johnson’s sales in Q1
Pharmaceutical giant Johnson & Johnson (JNJ) reported a 12.6% increase in sales to $20 billion for the first quarter of 2018 as
April 16: Top 52-week highs and lows of the day
Medical device maker AngioDynamics Inc. (ANGO) touched a new yearly high of $20.35 on Monday. According to a Market Insights Reports study,
Carl Icahn signs massive deal to sell Tropicana Entertainment
Icahn Enterprises has decided to sell its casino venture Tropicana Entertainment (TPCA) to Gaming and Leisure Properties (GLPI) and Eldorado Resorts (ERI)
Will biosimilars play spoilsport in Johnson & Johnson earnings?
Pharmaceutical giant Johnson & Johnson’s (JNJ) earnings results are due on April 17 before the opening bell, amidst concerns over the rising
Rite Aid sales drop 8.6% in 4Q
Pharma chain Rite Aid (RAD), which is in the process of being acquired by Albertsons, has struggled with the deteriorating sales as
General Electric may spin-off transportation business to salvage itself
A huge round of applause for people who are still holding on to the General Electric (GE) stock – either you are
United States Steel: stealing a way forward
United States Steel Corp. (X) stock has been on the upward swing right from August 2017 and the shares have set a
Merck sets the bar high for rivals with positive Keytruda trial results
Merck (MRK) shares rose as much as 7% after the company stated that one of its key drugs successfully met its goal
Bayer-Monsanto deal receives U.S. Justice Dept. approval
The most disputed deal between the Germany-based chemical giant Bayer and the U.S.-based Monsanto received a nod from the U.S. Department of
Novartis-AveXis : A ‘gene’-ius deal?
Novartis AG is wagering high on gene therapy with its proposed acquisition of AveXis Inc. valued at $8.7 billion or $218 per
Wynn Resorts might be taken by rival MGM Resorts
There have been many interesting deals in the gaming industry over the last two years. But the industry has never had a
HNA Group lets go of Hilton Worldwide
Chinese conglomerate HNA Group Co. is planning to sell its 26% stake in Hilton Worldwide either in part or in full. The
Broadcom finally re-domesticates to the U.S. from Singapore
When President Trump killed semiconductor maker Broadcom’s (AVGO) ambition to take over rival Qualcomm (QCOM) due to security worries, it was another
WD-40 Company reports double digit profit growth
Household chemicals manufacturer WD-40 Company (WDFC) reported positive top and bottom line results for its second quarter 2018, with profit spiking double
Time to fasten seatbelts for low-boom supersonic flight
It is doubtful if the previous generations ever had access to the kind of facilities and conveniences people enjoy today. Technology and
GreenSky secretly files for IPO, says report
After Dropbox pulled off a successful IPO, it was expected to trigger off a domino effect in other successful privately held companies.
GE stock hits 20-year low as asset sales gather steam
It is after weighing every option at its disposal that General Electric Company (GE), the loss-making American conglomerate, realized that getting rid
FirstEnergy’s ailing units file for bankruptcy
Ohio-based FirstEnergy Corp’s (FE) debt-ridden subsidiaries have filed for Chapter 11 bankruptcy. The power generator made this announcement just days after it