Stock Market News

Novartis Raises FY18 Sales View, Acquires Endocyte

  The Swiss drugmaker, Novartis AG (NYSE: NVS), issued an upward revision of its full-year revenue outlook, citing growing sales of its arthritis and Cosentyx psoriasis drug, besides the impressive performance of heart failure medicine Entresto, whose 3Q18 sales more

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Sears Files For Bankruptcy, Edward Lampert Resigns As CEO

  Sears Holdings Corp. (NASDAQ: SHLD) filed for bankruptcy protection from lenders, marking the financial collapse of a company that has ruled the American retail sector for a major portion of the 20th century. The statement comes in the middle

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Walmart Acquires Women Innerwear Firm Bare Necessities

  The biggest international retailer, Walmart Inc. (NYSE: WMT), announced on Friday that it has bought Bare Necessities, a women’s lingerie retailer with web presence, for an undisclosed amount. Bare Necessities will carry on functioning as a standalone business. It

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Pfizer Fined $700K For Deceptive Coupon Program

  Pfizer’s stock dropped 3.82% on Thursday to close at $42.81 after it was asked to pay more than $700,000 by the New York Attorney General office to settle charges for “deceptive advertising.” The company had guaranteed clients they would

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Wirecard Issues Upbeat FY25 Outlook, Reaffirms FY20 View

  Wirecard AG (WDI.XE), a world leader in processing online payment transactions, gained 9.57% yesterday to close at €182.10 after the company unveiled its targets for 2025 before the innovation day in London. The Germany-based fintech company, which got inducted

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Netflix Remains Weak On Subscriber Addition Concerns

  Following a poor response to the second quarter earnings report, Netflix, Inc. (NASDAQ: NFLX) lost its leadership among the FAANG stocks in July. Selling pressure eased in August but had again picked up towards the end of September. Concerns

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Elon Musk To Resign As Chairman Of Tesla, Fined $20mln.

  The Securities and Exchange Commission entered into an agreement on Saturday with Tesla Inc. and Elon Musk to settle fraud charges, resulting in the forced eviction of Musk as chairman of the Tesla board and the payment of $40

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Salesforce Reaffirms FY2022 Revenue Outlook

  The shares of Salesforce.com, Inc. (NYSE: CRM) closed at $160.43, up 1.33% from the prior close after John DiFucci, an analyst at Jefferies, upwardly revised his price target for the stock to $189 from $172. The company’s Dreamforce event

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Novartis To Ax 2,000 Jobs As Part Of Restructuring Plan

  As part of a global restructuring, the Pharmaceutical company Novartis AG (NYSE: NVS) stated that it plans to slash 2,000 jobs in Switzerland by 2022, while nearly 400 jobs could disappear from the British job market. The job cuts

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Nike’s Ad Campaign With Colin Kaepernick A Runaway Success

  NIKE, Inc. (NYSE: NKE) was hit hard in the first week of September after the company launched a new 30th anniversary ad campaign of its “Just Do It” slogan featuring Colin Kaepernick., the former NFL player who created controversy

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