Bristol-Myers Goes After Celgene

Bristol-Myers to Buy Celgene

Bristol-Myers Squibb is making a $74 billion bet — and investors aren't pleased. The New York-based pharmaceutical giant on Thursday said it would acquire Celgene, a Summit, New Jersey-based cancer drug company, in a cash and stock deal valued at $74 billion...

By | January, 4, 2019|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

It’s a Rotten AAPL

Apple’s Stock Plunges

Apple had some news for investors to ring in 2019, only it wasn’t good. The company’s revenue this quarter will be significantly lower than it had previously indicated, thanks largely to a slowdown in China sales. Apple’s shares were halted after the stock market closed Wednesday...

By | January, 3, 2019|Categories: Articles, Featured|Tags: , , , , , , , , , , , , |0 Comments

Apple Guides Lower

Apple’s Mixed Results

Apple Inc. reported its fourth consecutive quarter of record revenue and profit, as the combination of higher iPhone prices and strong app-store sales propelled the technology giant to its best year ever. But the world’s most valuable company offered guidance for the current period that disappointed many investors and said it would stop reporting unit sales for its products...

By | November, 2, 2018|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

What’s Next for Tesla?

Mixed Results for Tesla

Tesla Inc. reassured investors it would achieve a profit later this year, as a rush of Model 3 sales in the second quarter helped the electric-car maker burn less cash than expected. The results, which sent Tesla’s shares soaring in after-hours trading Wednesday, should give Chief Executive Elon Musk some wiggle room...

By | August, 2, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

FACEBOOK FANGED

Proceed with Caution

Facebook Inc. warned that its growth is slowing, sending its stock price plummeting as investors feared the social-media titan’s fortunes aren’t immune to the multiple controversies it has faced this year. After touching record highs earlier on Wednesday, Facebook shares dropped as much as 23% in after-hours trading, a plunge that would wipe roughly $130 billion from the company’s value...

By | July, 26, 2018|Categories: Articles, Featured|Tags: , , , , , , |0 Comments

G.E. Brings Good Things to Life

New Version of G.E.

General Electric Co. unveiled plans Tuesday to shed two big business units, the culmination of a drastic effort to revitalize what once was one of the U.S.’s largest and most-valuable companies. Chief Executive John Flannery, whose first year on the job saw a sharp decline in GE’s stock price, said the company would spin off its health-care division and sell its ownership stake in oil-services company Baker Hughes...

Amazon Knocks It Out of The Park

Amazon Doubles Profit

Amazon.com Inc. on Thursday delivered a double punch, reporting its best revenue growth in more than six years while topping $1 billion in profit for the second straight quarter. The results surprised investors who were already expecting Amazon to post strong numbers as it extends its dominance in online retailing...

By | April, 27, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments

Danielle DiMartino Booth

...It would appear that the word is out that the CRB Commodity Index has soared to the highest since October 2015 though it’s doubtful most thieves have Bloomberg terminals within reach. Nonetheless, the shocking story reminisced of the heady days of the last housing boom when vacated houses would be harvested for scrap metal of any kind...