Health-care earnings: ‘Medicare for all’ looms large

Health-care earnings begin in earnest this week. Government insurance giant Centene Corp. reported on Tuesday morning, and Anthem Inc., Biogen Inc., Boston Scientific Corp. and Swiss drugmaker Novartis AG are all reporting on Wednesday. The past week has been a difficult one for health companies. Health-care stocks are lagging the broader market by their largest… Continue reading Health-care earnings: ‘Medicare for all’ looms large

Tesla unveils ‘best in the world’ chip for self-driving cars at event

Tesla Inc. on Monday unveiled hardware dedicated to driverless cars at its investor day, an event solely focused on its autonomous driving capabilities — and some bold promises. Tesla TSLA, -3.85% shares ended 3.9% lower on Monday, slightly worse off than before the investor day started. The future of self-driving cars is hardware, visual recognition, and… Continue reading Tesla unveils ‘best in the world’ chip for self-driving cars at event

ON Semiconductor To Acquire 300mm Fab In New York For $430 Mln – Quick Facts

ON Semiconductor Corp. (ON) has entered into a definitive agreement with GlobalFoundries to acquire a 300mm fab located in East Fishkill, New York, for $430 million, the two companies said Monday. Of the total consideration, ON Semiconductor has paid $100 million at signing of the definitive agreement. The remaining $330 million will be paid by… Continue reading ON Semiconductor To Acquire 300mm Fab In New York For $430 Mln – Quick Facts

‘We have recovered investment in Anchor’

We want to triple sales, quadruple profit, says Panasonic Life Solutions MD Vivek Sharma, MD of the ₹3,400 crore Panasonic Life Solutions India Pvt. Ltd. (PLSIPL), joined the firm in 2017, a decade after Anchor Electricals was acquired by Japan’s Panasonic Corporation. Mr. Sharma talks about the company’s diversification strategy and future plans. Excerpts: Why… Continue reading ‘We have recovered investment in Anchor’

Hamied elected Honorary Fellow of Royal Society

Cipla chairman honoured for his contribution to science Cipla chairman Yusuf Hamied has been elected an Honorary Fellow of the Royal Society, U.K. for his service to the cause of science. Dr. Hamied graduated with honours from Cambridge University in 1957 and continued a Ph.D in 1960 under the tutelage of Nobel Laureate Alexander Todd.… Continue reading Hamied elected Honorary Fellow of Royal Society

Eagle Materials Commences Strategic Review; To Buy Back Additional Shares

Eagle Materials Inc. (EXP) said Thursday that its board of directors and management team have commenced a strategic review of its portfolio of businesses: heavy materials, light materials, and oil and gas proppants, to enhance shareholder value. As part of the portfolio review, Eagle Materials will consider the full range of options available, including separating… Continue reading Eagle Materials Commences Strategic Review; To Buy Back Additional Shares

Oil settles lower as US inventories disappoint market

Oil supply is starting to be affected by OPEC cutbacks: Former Shell Oil president Former Shell Oil President John Hofmeister on the current state of the oil market. NEW YORK, April 17 (Reuters) – Crude prices declined slightly on Wednesday as U.S. government data showed inventories drew down less than an industry report had suggested… Continue reading Oil settles lower as US inventories disappoint market

This water charity has come up with a novel way to attract and retain staff

A New York-based non-profit that aims to bring clean drinking water to the poorest and most remote places on earth has come up with a novel way to attract and retain staff. It is offering them bonuses. The reward doesn’t come at the expense of the core mission of the company, charity:water, but rather in… Continue reading This water charity has come up with a novel way to attract and retain staff

Qualcomm gets big windfall in surprise settlement, but Apple may have saved the iPhone from 5G doom

Apple Inc. and Qualcomm Inc.’s surprise settlement agreement Tuesday will result in a huge cash windfall for Qualcomm, and puts Apple on a faster path to 5G for the iPhone. The companies issued a terse joint press release Tuesday that did not disclose any financial terms of a settlement that includes a six-year deal with… Continue reading Qualcomm gets big windfall in surprise settlement, but Apple may have saved the iPhone from 5G doom

Martha Stewart, Emeril Legasse brands sold for $175 million

NEW YORK — The Martha Stewart brand is getting a new home. Sequential Brands Group SQBG, +0.88% , which bought the Martha Stewart brand nearly four years ago for about $353 million, said Tuesday that it is selling it to Marquee Brands for about $175 million. As part of the deal, Marquee will also acquire the… Continue reading Martha Stewart, Emeril Legasse brands sold for $175 million

IPO market faces biggest week of 2019 so far with Pinterest, Zoom and Greenlane on tap

The initial public market is bracing for its biggest week of the year so far with eight deals on tap expected to raise $2.5 billion in proceeds. With the market closed for deals in January and February partly due to the government shutdown, there have been just 26 IPOs in the year to date to… Continue reading IPO market faces biggest week of 2019 so far with Pinterest, Zoom and Greenlane on tap

Mattel’s Fisher-Price recall of item tied to infant deaths could cost $40 million to $60 million

Mattel Inc.’s recall of the Fisher-Price Rock ‘N Play, which has been tied to infant deaths, could cost $40 million to $60 million, according to estimates from UBS analysts. The Rock ‘N Play was sold for about $40 to $149, and Mattel is offering a cash refund, including sales tax, to customers who have owned… Continue reading Mattel’s Fisher-Price recall of item tied to infant deaths could cost $40 million to $60 million

TCS gets thumbs up from investors as Infosys slumps

TCS up 4.78%, Infosys down 2.83% Following the announcement of their results, information technology (IT) major TCS saw its shares gain 4.78% to ₹2,110.05, valuing the firm at ₹7,91,771 crore, while Infosys Technologies, closed down 2.83% at ₹726.65 in a firm Mumbai market on Monday. Reliance Securities, while maintaining a buy recommendation on TCS with… Continue reading TCS gets thumbs up from investors as Infosys slumps