US / Canada – Page 13 – PressClub World

25. 2. 2019 No Responses

Spark Therapeutics +122% after the acquisition news by Roche

Swiss pharmaceutical company Roche Holding AG announced that it has reached a final agreement for acquisition of Spark Therapeutics from Philadelphia. Roche offered $114.50 for each share of Spark Therapeutics, which is 122% more than Friday’s closing price. Spark Therapeutics...

25. 2. 2019 No Responses

AutoNation’s CEO: Auto sales are headed for further declines

AutoNation’s CEO Mike Jackson says the auto industry is entering a period of gradual decline. However, he added, “Adversity in the business will create new opportunities.” Who is more vocal than the first-line CEO? Mike Jackson is absolutely...

23. 2. 2019 No Responses

Warren Buffett wants to make an ‘elephant-sized’ purchase, but says ‘prices are sky-high’

“In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects,&#822...

22. 2. 2019 No Responses

US Oil Output Hits 12 Million Barrels Per Day

U.S. crude oil production reach 12 million BPD in mid-February, according to the EIA actual report. EIA’s weekly petroleum report showed crude output jump more than 1.7 million BPD compared to February 2018: From 10.3 million BPD to 12 million BPD....

21. 2. 2019 No Responses

US core capital goods orders unexpectedly drop in December

The data pointed to a further slowdown in business spending on machinery and non-defense equipment. The December report was delayed by a 35-day shutdown of the federal government that ended on Jan. 25. The Commerce Department said the “processing and da...

20. 2. 2019 No Responses

Onalaska – Small Town in Big Bizjet Business

Onalaska, Texas small town with 2,755 inhabitants, has 1,000 registered bizjets, but no airport. WFAA TV station, has revealed this mystery and investigation found planes were registered to two post office boxes in Onalaska. WFAA said Onalaska had more regi...

18. 2. 2019 No Responses

Top Managers of 10 Hedge Funds Gained $7.7 Billion

The year 2018 was one of the worst for most of the mutual and hedge funds. Unable to recognize the “Bubble of everything”, most of the funds lost 12 to 25% of their NAV. Despite the unfavorable developments in the...

11. 2. 2019 No Responses

Driverless delivery startup Nuro raises almost $1 billion from SoftBank

Nuro is already testing fully driverless grocery deliveries in the Phoenix area on public roads. The autonomous delivery startup Nuro has raised $940 million from The Softbank Vision Fund, making it one of the most generously funded startups in the driverless...

5. 2. 2019 No Responses

Outrage as Once-Free Drug Now Costs $375,000

Sen. Bernie Sanders (I-Vt.) is demanding to know why a pharmaceutical company has slapped a $375,000 list price on a drug that patients used to get for free. Sanders accused Patrick McEnany, president and CEO of Catalyst Pharmaceuticals Inc., of...

4. 2. 2019 No Responses

Ford sales rise about 7% in January, GM down 7%

Ford and GM are no longer announcing monthly sales but Bloomberg sources say Ford was up about 7% and GM down about 7%. Earlier Volkswagen was reported down 6.7% so the consumer is looking a tad soft to start the...

3. 2. 2019 No Responses

10-year Treasury yield logs largest weekly drop in a month

Bonds contend with a turbulent week. Treasury yields rose sharply Friday as a round of solid economic data from U.S. factories and households helped to pare back the bond-market’s midweek rally, after the Federal Reserve signaled a more dovish policy...

2. 2. 2019 No Responses

2,100 people lost their jobs in a media landslide this year

The media industry seemed to be in freefall following the announcement that Vice Media would cut 10% of its staff and that McClatchy Company offered buyouts to 450 employees, bringing the total number of media jobs cut in 2019 to...

30. 1. 2019 No Responses

Boeing Earnings, Outlook Smash Expectations

Boeing’s stock rockets, to give a 150-point boost to the Dow’s price. Boeing shares soared more than 6%, and are set to take out all time highs of $392 after reporting earnings that smashed expectations and unveiling guidance that was...

29. 1. 2019 No Responses

PG&E Files For Bankruptcy Protection With $50 Billion In Debt

In what’s expected to be one of the most complicated bankruptcies in recent memory thanks to the involvement of indignant state and federal regulators, activist shareholders, worried bond holders and angry fire victims, PG&E has officially filed for ...

27. 1. 2019 No Responses

Honeywell And Pipistrel Collaborate On Aircraft Technologies

Honeywell And Pipistrel Collaborate On Aircraft Technologies For Urban Air Mobility Honeywell and Pipistrel combine aerospace expertise to address the technical, regulatory and business challenges of the emerging on-demand mobility market. Honeywell (NYSE: HO...

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