Business News

verizoneWireless-011717-lg.jpgVerizon is mulling the acquisition of a big cable company following its rival AT&T's deals with DirecTV and Time Warner, the New York Post reported, citing two well-placed sources. The move is expected to help the firm grow demand for its wireless data products.

Hikma's Unit Roxane Gets US Approval For Generic Sodium Oxybate Oral Solution

Hikma Pharmaceuticals Plc (HIK.L, HKMPY) announced Wednesday that its unit Roxane Laboratories, Inc. has received an approval from the US Food and Drug Administration for its Sodium Oxybate Oral Solution, 500 mg/mL, the generic equivalent to Xyrem. Roxane's Sodium Oxybate Oral Solution is indicated...

ASML Q4 Profit Climbs On Higher System Sales, Price

Dutch semiconductor equipment maker ASML Holding NV reported Wednesday significantly higher profit in its fourth quarter, with higher system sales, selling price and improved margin. Looking ahead, for the first quarter, the company sees sequentially lower net sales and margin.

IMF's Lagarde Seeks Reforms To Reduce Inequalities Amid Populist Backlash

Governments must undertake fiscal and structural reforms to reduce the inequalities amid rising populist backlash, the International Monetary Fund Managing Director Christine Lagarde said Wednesday. Now there is an opportune time for policymakers to put in place policies that will help reduce inequalities,...

Eli Lilly To Buy CoLucid Pharma In $960 Mln Deal - Quick Facts

Eli Lilly and Co. (LLY) said that it agreed to acquire CoLucid Pharmaceuticals Inc. (CLCD) for $46.50 per share or about $960 million. CoLucid Pharmaceuticals is a public biopharmaceutical company developing an oral 5-HT1F agonist (lasmiditan) for the acute treatment of migraine. CoLucid has completed...

Revlon Inc. (REV) Surged To Over A 2-Month High

Revlon Inc. (REV) unveiled a new brand-centric organization structure Tuesday morning. Revlon gapped open higher Tuesday and rose steadily until mid-morning. The stock was range-bound for the rest of the session and closed up by 2.40 at $34.55, with volume at over a 9-month high. Revlon climbed to...

IPO Watch: Saudi Aramco Still A Year Away

Saudi Arabian Oil Co., most popularly known as Saudi Aramco, is yet to finalize a date for its long planned initial public offer, but reports said, citing Saudi Arabian officials, that the IPO most likely would be conducted in the second half of 2018. Saudi Aramco Chief Executive Officer Amin Nasser told Bloomberg that the country has promised to reduce the overall tax rate...

Unitedhealth Group Q4 16 Earnings Conference Call At 8:45 AM ET

Unitedhealth Group Inc. (UNH) will host a conference call at 8:45 AM ET on January 17, 2017, to discuss Q4 16 earnings results. To access the live webcast, log on to www.unitedhealthgroup.com For a replay call, dial 1-800-695-0715.
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