With Biogen at a Crossroads, CEO Scangos to Step Down
Xconomy Boston — [Updated, 9:20 a.m. ET, see below] Biogen has seen its highest highs under CEO George Scangos, but some lows too. After a year in which Biogen’s share price has fallen by more than a third and one of its top drug prospects failed, Scangos, who has led the company since 2010, has announced plans to step down. As part of its earnings release, Cambridge, MA-based Biogen (NASDAQ: BIIB) said this morning that Scangos will leave the company “in the comi..>> view originalSABMiller to Consider Sterling's Strength in Deal Review
LONDON—SABMiller PLC’s board will take into consideration sterling’s devaluation following the U.K.’s vote to leave the European Union when making its final recommendation over a roughly $108 billion tie-up with Anheuser-Busch InBev NV, its chairman Jan du Plessis said at the company’s annual general meeting Thursday. “I think it’s one of many things we need to take into consideration,” Mr. du Plessis said in response to a...>> view originalUS stocks move lower as Wall Street digests earnings, health care leads
U.S. stocks moved lower Thursday as Wall Street kept an eye on mixed earnings and upbeat economic data following a week of record highs for the Dow and S&P. The Dow Jones industrial average fell slightly as American Express weighed and Caterpillar had the most positive impact. The S&P 500 was also down fractionally and health care was the only sector in the green. The Nasdaq composite fell roughly 8 points. The number of Americans filing for unemployment benefits fell to a three-month..>> view originalInsights: What's Next For TV News After Roger Ailes, Cord-Cutting, And Live Streaming?
Insights is a new weekly series featuring entertainment industry veteran David Bloom. It represents an experiment of sorts in digital-age journalism and audience engagement with a focus on the intersection of entertainment and technology, an area that David has written about and thought about and been part of in various career incarnations for much of the past 25 years. David welcomes your thoughts, perspectives, calumnies, and kudos at [email protected], or on Twitter @DavidBloom. This instal..>> view originalSouthwest Stock Plunge Drags Down Airlines on Weakness in Fares
Southwest Airlines Co. sent airline shares tumbling with a bleak view that sharper competition will drive down airfares more than in previous quarters.Prices have been softening all year and the discount carrier has seen particular weakness in tickets sold just before travel over the past several weeks, Southwest Chief Executive Officer Gary Kelly said in an interview Thursday. Shares fell the most in almost a year and airlines posted the biggest decline on the S&P 500 Index.“We are in a bit of..>> view originalJohnson Controls Profit Jumps
Johnson Controls Inc. said profit jumped sharply in its latest quarter, topping expectations, and the company moved up the date to close its merger with Tyco International PLC. Johnson Controls also narrowed its full-year earnings guidance, saying it now expects earnings of $3.95 to $3.98 a share instead of its previous estimate of $3.85 to...>> view originalGM's 2Q earnings set record, outlook raised
GM posted a $1.1 billion profit in the second quarter last year.(Photo: Getty Images)General Motors Co. on Thursday said it made a record $2.87 billion in the second quarter, more than doubling its profit from the same three months a year ago, as the automaker raised its earnings per share expectations for the full year.The automaker said earnings per share were $1.81, higher than analysts’ expectations for $1.52 a share, and up significantly from the 67 cents a share earned in the period a year..>> view originalUS Files Suits Seeking to Block Insurer Deals
U.S. antitrust enforcers on Thursday filed lawsuits challenging Anthem Inc.’s proposed acquisition of Cigna Corp. and Aetna Inc.’s planned combination with Humana Inc., alleging the mergers would produce an unacceptable reduction in competition. The antitrust lawsuits are a bold response by the Justice Department to aggressive efforts by the nation’s leading health insurers to consolidate. Had the department allowed the deals, the...>> view originalUS jobless claims hit three-month low; factory activity weakens
WASHINGTON The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting a three-month low as the labor market continues to gather momentum.Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 253,000 for the week ended July 16, the lowest reading since April, the Labor Department said on Thursday. Claims for the prior week were unrevised.Claims are near the 43-year low of 248,000 touched in mid-April. Economists polled by Reuter..>> view originalECB keeps door open to easing after holding rates steady
FRANKFURT The European Central Bank kept interest rates unchanged on Thursday but left the door open to more policy stimulus, highlighting "great" uncertainty and abundant risks to the economic outlook.Signalling a readiness to act, ECB President Mario Draghi argued that Britain's decision to leave the European Union and weak emerging market growth both dampen the euro zone's own outlook, leaving the balance of risks tilted firmly to the downside and possibly requiring action.But Draghi also n..>> view original
| One dead, one injured in Tampa shooting . | Miracle, LeBlanc stop Tampa 4-3 . |
| Tampa pastor's video on unrest and violence goes viral . | Google Adding Video Messaging to Hangouts for Android . |
No comments:
Post a Comment