Monday, 18 February 2019
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Pfizer to launch cheaper version of J&J immune drug Remicade


The world's biggest maker of health care products on Tuesday reported net income of $4.27 billion, or $1.53 per share, up from $3.36 billion, or $1.20 per share, in 2015's third quarter. The company raised its full-year forecast, thanks in part to increased drug sales. Adjusted for amortization costs and other one-time items, earnings amounted to $1.68 per share. Read More »

'Trendy' caramel-filled M&Ms to hit the shelves come spring

The company described them as having soft caramel centers enrobed in chocolate and coated in a crunchy candy shell. Today, M&M'S unveiled the latest flavor in its delicious line-up of M&M'S Chocolate Candies Caramel! Caramel is not only a childhood favorite, Izzo says it's trendy, growing and shows no sign of losing popularity. Read More »

IBM reports better-than-expected third-quarter results


Stocks that Aren't in the News... IBM has come out with its financial report for the third quarter, and some of its newer businesses, including cloud and Watson, finally appear to be turning into real money spinners. The disclosure for this sale can be found here. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -0.79% where SMA50 and SMA200 are -2.11% and 5.81% respectively. Read More »

Why Was Crude Oil Weaker on October 11?

USA benchmark West Texas Intermediate for November delivery jumped $1.54 to $51.35 a barrel on the New York Mercantile Exchange, the highest closing price since July 2015. In September, the 14 members OPEC agreed to set a cap on production to prop up prices. "The current price of oil has caused discomfort for all producers". Read More »

Australian company says 18 employees questioned in China


More than one third of Crown's revenue at its Australian resorts in Perth and Melbourne in the year ended June was generated by worldwide visitors, predominantly from mainland China, Crown said in its latest annual report . Australian Foreign Minister Julie Bishop said the government had been notified of the detention in Shanghai of three Australians among a number of Crown employees held across China. Read More »

Crown Resorts employees including Australians 'held' in China


The Australian Government is expected to officially hear from Chinese authorities later today about the fate of several staff from James Packer's Crown Resorts who have been detained in China on alleged gambling-related offences. "We have put additional resources into VIP worldwide marketing over the previous year and that has helped deliver strong growth in VIP program play turnover of 41.8 per cent". Read More »

Wells Fargo CEO retires amid cross-selling scandal

His replacement is president Tim Sloan. "It's sad day for Wells Fargo ". On Wednesday, San Francisco-based Wells said Stumpf, 63, informed the company's board of directors that he is retiring from the bank and its board immediately. The bank last month settled with USA regulators and the City of Los Angeles for about $190 million in fines and restitution, a sum that did not reflect the magnitude of the scandal's effect on the bank, which has seen officials in IL and California suspend ... Read More »

Stocks shaken by China report, but recover from early plunge

Summer is typically the strongest period for USA airlines and Delta's earnings could signal an end of an extraordinary run of record profits for the industry. "(This data) is not good for the renminbi but it will also weigh on USA treasury yields", said Stephen Gallo, European head of FX strategy at the Bank of Montreal in London. Read More »

Pro Athletes: Donald Trump's Comments Are Not 'Locker-Room Talk'


I have a little sister so, at the end of the day, I look at women as being respected when it comes to that kind of stuff", Watkins said. But you realize he wasn't in a locker room! "This is locker room talk", Trump said at the debate. But when I wake up, cold and shaking and even sometimes crying, I look around at the safety of my room. Embattled Republican Presidential nominee Donald Trump again made headlines this week when he labeled sexual violence as "locker room talk" . Read More »

UK lawmakers press govt for say over Brexit talks with EU

Prime Minister Theresa May has said she will trigger Britain's exit negotiations before the end of March. Just 48 hours after sterling reached a new low - when its performance was measured against a basket of other global currencies - analysts suggested the focus had turned to the High Court. Read More »

Verizon may call for new Yahoo negotiations after hack


The breach , which included customer e-mail addresses, birth dates, telephone numbers and encrypted passwords, came to light in September, about two months after Verizon and AOL had announced their deal . That's because when courts have scrutinized them, the burden of proof has usually been on the buyer, and judges have rarely ruled in their favor, according to analysis in the Columbia Business Law Review and the Wall Street Journal (paywall). Read More »

Stock under Review: SeaDrill Limited (NYSE:SDRL)

Breaking those down we see that the ratings are as follows: 0 Strong Buy, 0 Rated Buy, 2 Rated Hold and 1 Rated Sell. While looking at the Stock's Performance, SeaDrill Limited now shows a Weekly Performance of 2.63%, where Monthly Performance is 16.67%, Quarterly performance is -13.33%, 6 Months performance is -30% and yearly performance percentage is -61.6%. Read More »

United Kingdom court OKs extradition of accused 'flash crash' trader


Navinder Sarao, the trader accused by USA authorities of contributing to a 2010 flash crash, can not appeal a ruling that he must be extradited to the United States to face charges carrying a maximum sentence of 380 years. Sarao, who is on bail, was not present for the ruling. In his ruling in March, Judge Purdy said: 'The causes of the Flash Crash are not a single action and can not on any view be laid wholly or mostly at Navinder Sarao's door, although he was active on the day. Read More »

Salesforce Joins Companies Walking Away From Twitter Purchase

Salesforce shares are up by nearly 6 percent on the news; Twitter has plummeted by more than 6 percent. The US cloud software company had been left as the most likely bidder last week after other potential acquirers, including Google and Walt Disney, decided not to pursue a deal. Read More »

Religious leaders slam Clinton campaign over emails

According to NPR , Palmieri told reporters she didn't recognize the emails and said "I'm a Catholic". In public, Hillary Clinton talks about how she would represent all Americans and pushes the "Stronger Together" campaign theme. Podesta says the FBI is investigating the matter as part of a broader investigation into Russian hacking of Democratic groups. He did, however, characterize her use of a private server and handling of classified emails as "extremely reckless". Read More »

Asian Stocks Fall After Disappointing China Data

Stocks gradually recovered most of their losses as safer investments like utilities traded higher. Indexes took big losses early on after major Asian markets skidded overnight. The basic resources, insurance and bank indices were the three biggest sectoral losers, with a drop of more than 2 per cent. Analysts polled by Reuters had expected imports to rise 1 per cent, after unexpectedly advancing 1.5 per cent in August for the first time in almost two years on stronger demand for coal as ... Read More »

Samsung Note 7 recall in US expands to replacement phones

With its decision to stop producing and selling its fire-prone Galaxy Note7 flagship smartphone behind it, Samsung has laid out procedures for how Note7 owners can return their recalled devices and get refunds or bill credits on new phones from the company or other brands. Read More »

Germany's Schaeuble says too much talk on Deutsche Bank

Deutsche Bank could not immediately be reached for comment. Economists and regulators have argued that Deutsche Bank , given its size and culture of risk-taking, poses more of a risk to financial markets than its peers in Europe and the United States. Read More »

Donald Trump Admitted He Didn't Pay Taxes-and Then Blamed Hillary

In very simplified terms, Donald Trump proposes a substantial across-the-board tax cut by reducing and simplifying the tax code and cutting wasteful spending. "Eventually higher interest rates would swamp the effect of lower tax rates ", he said, "so that in the long run, the economy would be worse off than it is under current law". Read More »

Kerry: US on Verge of Ending Syria Talks With Russia

However, speaking on Thursday at an event organized by The Atlantic magazine, Kerry outlined no new approaches for bringing peace to Syria. The troops have gathered in advance of what is believed to perhaps be a final ground assault over the coming days by Syrian government forces against rebels holding the key city, in what one U.S. Read More »

Warren Buffett responds to Donald Trump's tax comments


The Republican presidential candidate made the comment during the second presidential debate on Sunday night (October 9), and it didn't sit well with the Hillary Clinton supporter . Buffett says he has donated more than any taxpayer is permitted to deduct. Trump has staunchly refused to release his tax returns throughout this election, breaking with a decades-long tradition of presidential candidates doing so. Read More »

AT&T said to consider stopping all Samsung Note 7 sales

Sprint was the first of all United States cellular carriers to take the initiative of accepting Galaxy Note 7 handsets in exchange for any other customer-selected device in the market. Now AT&T and Sprint are finally stepping up as the first carriers allowing users a chance to replace their faulty handsets. "Verizon online customers may also exchange their replacement Note 7 smartphones at Verizon stores beginning Saturday, October 8". Read More »

David Brock: I'll pay for 'Apprentice' tapes on Trump


Following Friday's release of the audio, the network claimed that it did not have the tapes of "The Apprentice", and that the tapes are instead owned by Mark Burnett , who produced the show and is friendly with Trump. "Can I say this? I apologize if anyone was offended". "I have great respect for women". As for Bush, his Facebook page has been flooded with critical comments, many from women, a major viewership for " Today ". Read More »

Monday marks Indigenous Peoples Day in two local communities

Today is Columbus Day...or at least the legal holiday version of Columbus Day, although in South Dakota it's Native American Day. The cities are part of a growing movement to acknowledge Indigenous Peoples Day, in recognition of the suffering Native American people endured during American colonization. Read More »

In a stunning reversal, theologian pulls back support from Donald Trump


As Trump did in his apology over the sex tape, evangelist Franklin Graham tried to create an equivalency between Trump, Democratic presidential nominee Hillary Clinton and President Obama whom he described as "godless". "I'm hoping that Trump will withdraw", he wrote . "Donald Trump's comments were stupid and they were terrible". On Saturday, he said he could not write the piece . Read More »

Mylan to pay $465M settlement over Medicaid EpiPen rebates


The company admitted no fault, but paid the fine to settle the matter of whether the EpiPen was wrongly classified with the Centers for Medicaid and Medicare Services (CMS) under the Medicaid Rebate statute. Senator Amy Klobuchar, Democrat of Minnesota, said she was pleased with the settlement. "The DOJ settlement removes a significant overhang that had been weighing on the stock", RBC Capital Markets analyst Randall Stanicky wrote in a mostly upbeat research note Monday, in which he ... Read More »

Google Home review: Price, availability and features


Google , which is best known for its widely used internet search engine, makes most of its money from online software and digital ads. Today, these devices may be best known for resolving trivia questions or settling bets (at Tuesday's event, Google demonstrated how Home can be used to simulate flipping a coin), their utility increases nearly daily; the Echo can already be used to reserve a vehicle with Uber, order pizza from Domino's and recommend restaurants. Read More »