J&J revenue misses on lower-than-expected pharmaceutical sales Johnson & Johnson, which is in the process of completing its $30 billion acquisition of Swiss biotech Actelion, reported on Tuesday quarterly revenue that missed analysts' estimates, hurt by lower demand for its pharmaceutical products. The diversified healthcare company's sales rose to $17.77 […]
Business News
Insurer UnitedHealth posts strong results, boosts forecast UnitedHealth Group Inc (UNH.N), the largest U.S. health insurer, reported better-than-expected quarterly results, driven by strength across its businesses, and raised its profit and revenue forecast for the year. The company's shares were up 2.2 percent in premarket trading on Tuesday. UnitedHealth, which […]
Takata to plead guilty February 27, court documents Takata to plead guilty February 27, court documents:- Japan's Takata Corp is set to plead guilty Feb. 27 in federal court in Detroit to a single felony count of wire fraud to resolve a U.S. Justice Department investigation into ruptures of its […]
This country may be next on Trump’s travel ban This country may be next on Trump’s travel ban:- Pakistan must do more to combat homegrown terrorism or risk joining the Muslim-majority nations on President Donald Trump’s travel ban, political risk consultancy Eurasia has warned. “Pakistan’s continuing loss of influence with […]
Facebook takes on a bigger role in journalism Facebook is launching a journalism project aimed at strengthening its ties with media organizations to help them expand their audiences, come up with new products and generally promote trusted news in today’s “post-truth” era. The project is in its early stages and […]
Investors brace for 2017 shocks after surprise 2016 run After a late-year rally fueled by the U.S. election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017. The benchmark S&P 500 .SPX is set to post a roughly […]
New drug approvals fall to six-year low in 2016 New drug approvals fall to six-year low in 2016:- Last year turned out to be a disappointing one for new drug approvals with the U.S. Food and Drug Administration clearing just 22 new medicines for sale, the lowest number since 2010 […]
One More Thing to Give Thanks for: Turkey Prices Are Falling Here’s another excuse to pig out this Thanksgiving: Turkey prices are down. After suffering from an outbreak of bird flu in 2015, American turkey producers have come back in a big way. Low feed costs are helping U.S. output […]
Lufthansa Cancels Eurowings Flights With Pilot Hit Due Wednesday Deutsche Lufthansa AG canceled 64 flights at its Eurowings division due to a strike by cabin crew as the German carrier braces for more severe disruption on Wednesday when its mainline pilots plan to walk out. On Tuesday, Eurowings flights to […]
BEIJING — A single spark can start a prairie fire, Mao Zedong said. And an impulsive outburst of bigoted words can start a wildfire on the internet in China, as a manager for Daimler, the German automaker, has learned to his regret. Daimler Greater China said it had removed a […]
