Business News

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 […]

Novartis Acquired Biotech Startup CoStim to Expand Oncology Portfolio

Novartis Acquired 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 […]

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

Teva Pharmaceutical Industries Ltd Raised 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. 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 the generic […]

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 Surface

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

Wynn Resorts, Limited (NASDAQ:WYNN) stock surged more than 7%. 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 Wynn […]

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 […]

Alibaba Group Holding Ltd Appoints Eric Pelletier As Head Of International Government Affairs

Alibaba Group Holding Ltd Appoints Eric Pelletier As Head Of International Government Affairs

Based on recent developments crossing wires, Alibaba Group Holding Ltd. (NYSE:BABA) announced the decision to appoint Eric Pelletier as Vice President, Head of International Government Affairs in Washington on Friday. An inside source informed Bloomberg that Mr. Pelletier would consolidate a team aimed at building relationship with government officials in […]

CSX Said Earnings for Fourth Quarter and Full Year were Solid

CSX Said Earnings for Fourth Quarter and Full Year were Solid

CSX Corporation announced its 2018 fourth quarter earnings that reached $466 million, a drop of 5% from its $491 million during the same period in 2017, equal to 48 cents a share compared to 49 cents a share for the prior year or a drop of 2%. Revenue for the […]