Business News


Bristol-Myers : FDA Okays Blood-Cancer Drug Empliciti

Bristol-Myers Squibb Co. (BMY) and AbbVie (ABBV) announced the U.S. Food and Drug Administration has approved Empliciti or elotuzumab for the treatment of multiple myeloma as combination therapy with Revlimid or lenalidomide and dexamethasone (ERd) in patients who have received one to three prior therapies. The...

Thor Industries Q1 Profit Rises

Thor Industries Inc. (THO) Monday reported first-quarter net income of $50.5 million or $0.96 per share, up from $38.9 million or $0.73 per share last year. Net sales for the quarter increased to $1.03 billion from $922.0 million last year. Analysts polled by Thomson Reuters expected the company...

Eurozone Manufacturing Recovery Gathers Pace

Eurozone manufacturing upturn gained further momentum as initially estimated in November, final survey data from Markit showed Tuesday. The final manufacturing Purchasing Managers' Index came in at 52.8 in November, in line with flash estimate, from 52.3 in October. It was the highest reading since...

Accor Reports Purchase Of Three Hotel Asset Portfolios In Europe For EUR284 Mln

French hotel group Accor (ACRFY.PK, ACRFF.PK) Tuesday reported the purchase of three hotel asset portfolios in Europe, representing 29 hotels with 3,677 rooms, for a total of 284 million euros. The transactions include a portfolio acquired from AXA Investment Managers - Real Assets for 56 million...

Thor Industries Inc. (THO) Is Rising On Better Than Expected Q1 Earnings

Thor Industries Inc. (THO) reported first quarter EPS of $0.96 after the close Monday, up from $0.73 a year ago. Analysts expected EPS of $0.83. The stock is now up 2.38 on 27K shares. Thor Industries posted modest gains in early trade Monday, before settling into a range. Shares finished up by 0.42...
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