Stock Market News

JnJ Beats Q2 Analysts Estimates, Boosts FY19 Revenue View

  Johnson & Johnson (NYSE: JNJ) surprised the equity market yesterday by reporting a second-quarter profit that soared 42% on y-o-y basis, with all three of its business divisions exceeding analysts’ forecasts. The manufacturer of Acuvue contacts and cancer drugs

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J&J Plunges On Reports Of Criminal Investigation By DoJ

  Johnson & Johnson’s stock (NYSE: JNJ) fell $5.81 or 4.15% to close Friday’s trading session at 134.30 following news reports that the US Department of Justice is conducting a criminal investigation into whether the firm was lying about the

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Amazon Plans Spending $700mln. To Train 100,000 Employees

  Yesterday, Amazon.com, Inc. (Nasdaq: AMZN) revealed its intentions to retrain one-third of its U.S. staff— or 100,000 employees — by 2025 to assist the transition into more sophisticated tasks or seek better opportunities. The scheduled program is one of

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Deutsche Bank To Undergo Restructuring, Big Names Exit

  At the end of July, Deutsche Bank Aktiengesellschaft’s (NYSE: DB) investment banking chief Garth Ritchie will exit from the board but will continue to offer consultation to Deutsche Bank until the end of November. Although the resignation appears to

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BMW, Daimler Unveil Autonomous Driving Partnership

  Bayerische Motoren Werke Aktiengesellschaft (XETRA: BMW.DE), popularly known as BMW, and Mercedes-manufacturer Daimler AG (XETRA: DAI.DE) Daimler unveiled a new collaboration on Thursday to build autonomous driving technology. The initiative has been taken to address the rapid developments in

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Betsy Ross American Flag On Sneakers Puts Nike In Trouble

  NIKE, Inc. shares (NYSE: NKE) dropped 0.60% to finish at $84.96 yesterday after a sneaker featuring the early 18th century “Betsy Ross” variant of the American flag was withdrawn by the apparel and footwear manufacturer on the basis of

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Kirkbi, Blackstone Acquires Madame Tussauds Owner Merlin

   Merlin Entertainments plc (OTC: MERLY) announced on Friday that it has given its consent to be acquired by a consortium made up of Lego owner Kirkbi, alternative asset management and private equity firm Blackstone Group LP, and Canada

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Eldorado Resorts Acquires Caesars In $17.3bln Deal

  Eldorado Resorts, Inc. (Nasdaq: ERI) is acquiring Caesars Entertainment Corporation (Nasdaq: CZR) in a cash and stock deal worth $8.50 billion in order to scale its operations and compete with large enterprises such as Las Vegas Sands and Wynn

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Chevron Phillips Bids $15bln to acquire Nova Chemicals

  Chevron Phillips Chemical Co., a petrochemical industry jointly owned by Chevron Corporation (NYSE: CVX) and Phillips 66 (NYSE: PSX) has evinced interest to take over Calgary, Canada-based Nova Chemicals for over $15 billion, including debt. The potential takeover signals

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Online Pet Retailer Chewy Shares Gain 59% in Market Debut

  On the first day of listing, shares of Chewy, Inc. (NYSE: CHWY) jumped 59.05% or $12.99 to close at $34.99, reflecting a market capitalization of $14.35 billion for the online pet products retailer. Notably, that figure is four times

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