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Citigroup Seems to Have Gained Confidence In Stagecoach Group, Upgraded The Stock

Citigroup Seems to Have Gained Confidence In Stagecoach Group, Upgraded The Stock

Stagecoach Group Was Upgraded By Citigroup Stagecoach Group (SGC), the firm that provides transportation services was just upgraded by the analysts at the UK’s branch of Citigroup to the solid “Buy” rating in today’s report disclosed to customers. The firm’s analysts currently have a GBX 155.00 target on the stock. […]

Novartis Acquires Biotech Startup CoStim to Expand Oncology Portfolio

Novartis Acquires Biotech Startup CoStim to Expand Oncology Portfolio

Novartis AG (NVS), in an effort to expand its oncology portfolio, announced the acquisition of a biotech startup called CoStim Pharmaceuticals. CoStim, based in Cambridge, Massachusetts, was established in 2012 by MPM Capital and received investments from businesses such as Atlas Ventures. The acquisition was disclosed yesterday, with the value […]

Hasbro Has the Force Behind It

Hasbro Has the Force Behind It

Hasbro the toymaker beat expectations of analysts for its most recent earnings report. The company can thank the overwhelming demand for its Star Wars and Jurassic World related products. Net revenue at the toymaker in its boy’s category was up 24% to more than $593.1 million. Officials at the company […]

Teva Pharmaceutical Industries Ltd Raises Stake In Mylan NV, Edges Toward Intended Ownership Target

Teva Pharmaceutical Industries Ltd Raises Stake In Mylan NV, Edges Toward Intended Ownership Target

Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has raised its stake in Mylan NV (NASDAQ:MYL) to almost 2.2%, as per a regulatory filing on Friday. The move is increasingly being seen as an acquisition tactic employed by Teva on its months-old target. Teva extended a $40 billion unsolicited takeover offer to […]

Euro On A Low Note

Euro On A Low Note

2018 has been a disappointing year for the euro. After hovering around 1.4000 in May, the currency dipped more than 13.3% against the dollar, slipping to a two-year low. Earlier this week, European stocks reflected little of the impact of the long-awaited final round of Greek presidential voting by the […]

Air France Managers Escape As Angry Staff Enter Meeting

Air France Managers Escape As Angry Staff Enter Meeting

Managers of Air France fled a Monday meeting about large scale job cuts after angry staff members waving flags and banners stormed into the room, said a group of journalists who were covering the event. The human resources department at the airline and the chief of labor relations Xavier Broseta […]

Wynn Resorts, Limited (WYNN) Stock Jumped 7% After News On A Merger With MGM Resorts Surfaced

Wynn Resorts, Limited (WYNN) Stock Jumped 7% After News On A Merger With MGM Resorts Surfaced

Wynn Resorts, Limited (NASDAQ:WYNN) stock surged more than 7% yesterday. This was after The Street’s Jim Cramer shared on CNBC that there was speculation about Wynn’s merger with its rival, MGM Resorts International (NYSE:MGM). Both casino operators have been under a financial distress due to tumbling operations in Macau, where […]

Men’s Warehouse Still Struggling To Find Its Way (NYSE:MW)

Men’s Warehouse Still Struggling To Find Its Way (NYSE:MW)

The Men’s Wearhouse retail chain has continued to struggle to find its footing after the ouster of its long time leader. The company’s stock has been plunging. Its shares have dropped more than 60 percent over the last three months. Men’s Wearhouse has also lowered earnings forecasts for the fiscal […]