Pfizer-Lilly pain drug meets late-stage trial goals
(Reuters) – An experimental osteoarthritis drug developed by Pfizer Inc and Eli Lilly and Co achieved its main goal of lowering pain in a late stage trial, the companies said…
Abbott Labs raises 2018 earnings forecast, shares hit record high
(Reuters) – Abbott Laboratories raised its full-year earnings forecast and topped estimates for quarterly profit on Wednesday, powered by demand for its glucose monitoring device for diabetics and gains from…
Texas Instruments CEO resigns on code of conduct violation
(Reuters) – Texas Instruments Inc (TXN.O) said on Tuesday that Brian Crutcher had resigned as the company’s chief executive officer just six weeks into the role, after finding following a…
Australia’s Fairfax to share print costs with rival News Corp
(Reuters) – Publisher Fairfax Media (FXJ.AX) said on Wednesday it had agreed with rival News Corp’s (NWSA.O) Australian unit to collaborate on printing newspapers to curb costs. The company’s logo…
Netflix shares tank after big miss on subscriber growth
(Reuters) – Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company’s expansion…
Iowa, Illinois investigating infections linked to McDonald’s salad
(Reuters) – The Iowa and Illinois health departments said on Thursday that they were investigating cyclospora infections linked to salads at McDonald Corp’s (MCD.N) restaurants. McDonald’s shares fell 1.4 percent…
AT&T CEO confident Time Warner deal on solid ground
(Reuters) – The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, adding that the move…
Broadcom loses $19 billion in market value after bid to buy CA
(Reuters) – Chipmaker Broadcom Inc’s surprise bid to buy software company CA Inc for $18.9 billion wiped off the same amount from its market value on Thursday, with investors and…
Bank rally helps Wall Street as investors await strong earnings
(Reuters) – U.S. stocks rose on Monday, with banks and industrial stocks driving a third day of gains on Wall Street as investors looked ahead to a strong quarterly earnings…
Twitter says removal of fake accounts does not hurt user metrics
(Reuters) – Twitter Inc said on Monday it has removed fake accounts but that does not impact its reported user metrics as was indicated in a report by The Washington…