United Parcel Service has acquired a manufacturing pharmacy license from Georgia’s Board of Pharmacy, enabling the company to not only ship pharmaceuticals, but to repackage and relabel them directly from the manufacturers. While UPS has for years acted as a carrier for drug companies like Merck — which has a […]
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UPS makes curious move involving prescription drug business with new license
United Parcel Service has acquired a manufacturing pharmacy license from Georgia’s Board of Pharmacy, enabling the company to not only ship pharmaceuticals, but to relabel them. While UPS has for years acted as a carrier for drug companies like Merck — which has a facility based in Georgia — the […]
OPEC, Russia have showdown over US shale drilling ahead of meeting
OPEC’s meeting next week could be a volatile one for the energy market, as the cartel seeks to extend its agreement to limit oil production against rising U.S. output. OPEC is expected to extend its deal with Russia and other oil producers to keep 1.8 million barrels a day off […]
Three soaring tech stocks to buy at record highs: Technician
As the Nasdaq soars to new records, Rich Ross of Evercore ISI has three stocks to buy at all-time highs. The tech-heavy index hit an intraday record on Wednesday, its 73rd this year, and Ross pointed to some of Wall Street’s favorite names for more gains. “It’s a trend-followers’ paradise […]
Fewer consumers to spend more this Black Friday, but Wal-Mart’s a winner: Jefferies
Once a battleground for retailers and shoppers alike, Black Friday may be entering a “ceasefire” as more customers look for deals online, according to one Wall Street analyst. Research from Jefferies finds that only 13 percent of consumers say they’ll be spending more this Black Friday, down from 17 percent […]
The Nasdaq chart looks ‘amazing,’ and there’s no top in sight, according to Louise Yamada
The Nasdaq’s record run is nothing short of “amazing,” and it’s showing no signs of stopping, technical analyst Louise Yamada says. The tech-heavy index hit another record on Tuesday, closing at 6862.48 for its 66th high this year. According to Yamada, the charts are pointing to an even bigger breakout. […]
Black Friday separates the ‘purists’ from the ‘average Joe’ shoppers
Black Friday and Cyber Monday are almost here. Maybe you’ve been making plans for weeks to hit the mall after your Turkey Day dinner and get a jump start on holiday gifting, taking advantage of retailers’ extensive deals and doorbusters. Or maybe you avoid leaving the house altogether — the […]
The stocks Amazon is killing are showing signs of life ahead of holidays
The retailers that are being crushed by Amazon have rallied in the past two weeks ahead of the holiday shopping period, but if history is a guide, they could underperform again after Thanksgiving. Bespoke Investment Group’s “Death by Amazon” index includes 62 brick-and-mortar retailers whose businesses have been hurt by […]
Marvell CEO on creating an internet of things infrastructure ‘pure play’ with Cavium acquisition
Marvell Technology Group President and CEO Matt Murphy told CNBC that he wasn’t expecting the market to react so positively to Marvell’s $6 billion deal to buy fellow chipmaker Cavium. “We’re actually pleasantly surprised,” Murphy told “Mad Money” host Jim Cramer on Tuesday. “The reaction we’ve gotten over the last […]
Trader who tried to bet against tech changes his tune
The Nasdaq 100 just entered its longest bull market ever, rallying for nine years without a 20 percent decline, and that has one trader changing positions on his former bet against big tech. On Oct. 19, TradingAnalysis.com founder Todd Gordon made a bet that the Nasdaq 100-tracking ETF (QQQ) would […]