Drugmaker Insys Therapeutics Inc filed for Chapter 11 bankruptcy protection on Monday, about a week after agreeing to pay $225 million to settle a U.S. probe into bribes it paid to doctors for prescribing a powerful opioid medication. Continue Reading Below The filing in U.S. Bankruptcy Court in the District of Delaware made Insys the […]
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US weekly jobless claims unchanged, point to labor market strength
The number of Americans filing applications for unemployment benefits was unchanged last week, suggesting the labor market remains on solid footing despite slowing economic activity. Continue Reading Below Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 218,000 for the week ended June 1, the Labor Department […]
Disney earnings beat estimates on boost from theme parks
Disney’s Bob Iger faces scrutiny over $65 million pay package Vision 4 Fund Distributors Vice President Heather Zumarraga, Fortune executive editor Adam Lashinsky, Kadina Group President Gary B. Smith and Maxfunds founder Jonas Max Ferris discuss how Warren Buffett’s children agreed with Abigail Disney’s criticism of CEO Bob Iger’s paycheck. […]
McDonald’s US same-store sales beat on popular bacon-loaded menu
April 30 (Reuters) – McDonald’s Corp reported a better-than-expected rise in quarterly sales at established U.S. restaurants on Tuesday, boosted by the burger chain’s latest promotions and menu additions, sending its shares up about 4 percent. Continue Reading Below During the first quarter, McDonald’s launched a new two for $5 […]
PepsiCo results beat on boost from North American snacks, beverage units
April 17 (Reuters) – PepsiCo Inc’s quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker’s advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally. Shares of PepsiCo hit a record high of $125.92 in morning trading after the […]
Nike misses North America revenue estimates, shares drop
(Reuters) – Nike Inc missed North American quarterly revenue estimates on Thursday amid higher spending on new products and online initiatives, sending its shares down 3 percent in extended trading. Continue Reading Below Quarterly revenue in North America rose 7 percent to $3.81 billion, but missed estimates of $3.87 billion. […]
Lyft to launch road show for up to $2B IPO: Sources
(Reuters) – Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter. Continue Reading Below Lyft will be seeking […]
General Electric sees 2019 profit below estimates
General Electric Co forecast adjusted earnings of 50 cents to 60 cents per share in its 2019 outlook on Thursday, below analysts’ expectations of around 70 cents as new Chief Executive Larry Culp plows ahead with asset sales and restructuring. Continue Reading Below Shares of the company, hammered by tens […]
Honda to recall about 1M vehicles in the US with Takata airbags
Honda Motor Co said on Tuesday its American unit will recall about 1.1 million Acura and Honda vehicles in the United States to fix a defect in Takata airbags in driver’s seat. Continue Reading Below The company said it is aware of one injury linked to a defect in the […]