Business News

BestBuy-Deals-062817-lg.jpgBest Buy announced Wednesday its plans to introduce Amazon Alexa and Google Home experiences to its 700 locations across the U.S. starting next month as part of its strategy of pushing smart home technology. A nationwide rollout will be complete by the end of the year. The electronics retailer will expand space at selected stores to better showcase how Amazon's Echo and Google Home interact..

Novartis : EU Oks First-line Use Of Zykadia In ALK-positive Advanced NSCLC

Novartis (NVS) announced the European Commission approved expanding the use of Zykadia or ceritinib to include the first-line treatment of patients with advanced non-small cell lung cancer or NSCLC whose tumors are anaplastic lymphoma kinase or ALK-positive. Approval follows a positive opinion granted...

H&M Q2 Profit Rises On Higher Sales, Margin Down; Sees 7% Rise In June Sales

Swedish retailer Hennes & Mauritz AB or H&M (HNNMY.PK, HMRZF.PK, HEN.L) reported Thursday that its second-quarter profit after tax increased to 5.90 billion Swedish kronor from last year's 5.36 billion kronor. Earnings per share were 3.56 kronor, higher than 3.24 kronor a year ago. The profit increase...

UK Mortgage Approvals Rise Slightly In May

UK mortgage approvals increased slightly in May, figures published by the Bank of England showed Thursday. The number of mortgages approved in May totaled 65,202 compared to 65,051 in the previous month. Approvals were forecast to fall to 64,000. Total lending rose GBP 5.3 billion compared to April's...

NewRiver REIT To Acquire Remaining 50% Stake In BRAVO JVs For GBP 59.4 Mln Cash

NewRiver REIT plc (NRR.L) announced Thursday that it has now exchanged conditional contracts to acquire the remaining 50% share in its BRAVO Joint Ventures from subsidiaries of BRAVO II for a cash consideration of 59.4 million pounds With the deal, NewRiver will gain control over 4 convenience-led...

Morgan Stanley (MS) Is Heading Higher After Buyback

Morgan Stanley (MS) announced after the bell Wednesday that it plans to repurchase up to $5 billion of outstanding common stock. The company also revealed an increased in its quarterly common stock dividend to $0.25 per share. The stock is now up 0.48 on 1.4 million shares. Morgan Stanley traded in...

Blue Apron Prices IPO Of $10.00/shr

Blue Apron Holdings Inc. announced the pricing of its initial public offering of 30 million shares of its Class A common stock at a public offering price of $10.00 per share, before underwriting discounts. The shares are expected to begin trading on the New York Stock Exchange on June 29, 2017, under...

Pier 1 Imports Q1 18 Earnings Conference Call At 5:00 PM ET

Pier 1 Imports Inc. (PIR) will host a conference call at 5:00 PM ET on June 28, 2017, to discuss Q1 18 earnings results. To access the live webcast, log on to http://www.pier1.com/ir_events.html To listen to the call, dial 1-866-378-2926 (US) or 1-409-350-3152 (International) with conference ID number is35569654. .
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