Finance

Leerink Swann Reiterates

Leerink Swann Reiterates "Market Perform" Rating for Amgen Inc. (AMGN)

Amgen's payout ratio is 40.90%. Valley National Advisers Inc. boosted its position in Amgen by 4.8% in the second quarter. Finally, Gabelli assumed coverage on shares of Amgen in a research note on Friday, August 26th. BlackRock Institutional Trust Company N.A. now owns 20,435,310 shares of the medical research company's stock worth $3,109,232,000 after buying an additional 271,591 shares in the last quarter. Read More

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Twitter slashes staff with revenue under pressure

The company reported revenue of $616m for the three-month period, 8 per cent ahead of the same period past year, but a slowdown from that period's 58 per cent surge. Twitter says it will slash nine per cent of its global workforce as it embarks on a restructure of the business. "We see a significant opportunity to increase growth as we continue to improve the core service", he added. Read More

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Twitter Plans Around 300 More Job Cuts This Week

Twitter Plans Around 300 More Job Cuts This Week

While globally, the company has an employee base of 3, 860, by the layoff of 8%, it will remove nearly 336 staffs from their respective posts. Twitter's third-quarter financial report will reveal whether Dorsey's gamble on live video and changes to the micro-blogging service's core product have succeeded well enough to assure investors. Read More

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Merck beats Street 3Q forecasts, hikes 2016 profit forecast

Merck beats Street 3Q forecasts, hikes 2016 profit forecast

Inc. (MRK - Analyst Report) is a global research-driven pharmaceutical products company. "We don't think these environmental pricing pressures will ease", Frazier said. The latter also won U.S. regulatory approval for first-line use in metastatic non-small cell lung cancer two months earlier, making it the first immunotherapy cleared for the indication. Read More

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Major Indian banks block over 30 lakh debit cards after security breach

Major Indian banks block over 30 lakh debit cards after security breach

Earlier in the day, on the sidelines of a German government event, Das had said: "Customers should not panic because these hackings are done through computer and trail can easily be reached..." While India's largest lender - SBI has made a decision to issue new debit cards to over 6 lakh account holders, private sector lender HDFC Bank has reportedly told their customers to change their PIN and has further advised them to stay away from using any other banks ATM as a precautionary ... Read More

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Trump And Clinton Share Stage At NYC Dinner

On Thursday, Trump tried to clarify his position but, if anything, made it worse. "I will totally accept the results of this great and historic presidential election - if I win", he said. If we got along well, that would be good. "We got to leave no doubt". Mr Trump has been heavily criticised by many in his own party by suggesting he might not accept the election result. Read More

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Your comments: Social Security increase works out to $5 a month

Your comments: Social Security increase works out to $5 a month

Sign up to our daily newsletter for up to date global news and features. This change will take effect beginning with the December 2016 payment for SSI recipients and in January 2017 for Social Security beneficiaries. During deflationary periods, Social Security benefits simply remain the same. More than 60 million retirees, disabled workers, spouses and children get Social Security benefits. Read More

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Aibnb sues New York City

Aibnb sues New York City

Airbnb is now involved in litigation in San Francisco, Santa Monica and Anaheim, California. In a statement released this week, Airbnb said it will prevent hosts in NY and San Francisco from listing multiple units starting on 1 November. But as Airbnb walked away from a potential deal with Schneiderman, it failed to recognize how powerful and savvy its NY opponents elsewhere would be - namely the hotel industry and affordable-housing advocates. Read More

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Cyberattacks lead to widespread Internet outages

CNET reports Twitter saw a two-hour window when "various Twitter domains including twitter.com may have been inaccessible for users in some regions, due to failures resolving particular DNS hostnames", the company said . "Our Engineers are continuing to work on mitigating this issue", Dyn said on its website at 11:52 a.m. ET. Still, cybersecurity experts like Carl Herberger, vice president of Radware, believe this attack is among the largest in recent history. Read More

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RiverPark Advisors LLC reaches $316000 position of Valeant Pharmaceuticals International Inc. (VRX)

RiverPark Advisors LLC reaches $316000 position of Valeant Pharmaceuticals International Inc. (VRX)

The Low and High Price targets are $16 and $175, respectively. Royal Bank Of Canada reissued a sector perform rating on shares of Valeant Pharmaceuticals International in a research report on Monday, June 27th. During the same period in the previous year, the company earned $2.14 earnings per share. Valeant Pharmaceuticals International's quarterly revenue was down 11.4% compared to the same quarter past year. Read More

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European Central Bank keeps stimulus program steady

European Central Bank keeps stimulus program steady

The comments keep the central bank on track for a potential extension of its bond-buying program past March 2017, the now scheduled end-date, as predicted by economists. Ostensibly, the European Central Bank is tasked with getting the annual rate of inflation running at just below 2 percent. The single currency rose 0.5 percent to a six-day high of $1.1040, but quickly gave up those gains to hit a four-month low of $1.0932. Read More

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Malaysia condemns launch of ballistic missile by North Korea

Malaysia has condemned the recent test launching of an intermediate-range ballistic missile by North Korea. North Korea tried to launch an intermediate range ballistic missile Saturday, but the missile exploded after liftoff. The U.N.is still reportedly working on a new resolution following the nuclear test last month, CBS News pointed out Tuesday . The council said in a statement Monday after an emergency closed-door meeting that the attempted launch was in "grave violation" of ... Read More

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