9:48 a.m. Nov. 19, 2020
- By Vitaliy Katsenelson
These drug distribution stocks have a built-in defense against Amazon Pharmacy This market pro is holding McKesson, Cardinal Health and AmerisourceBergen in client portfoliosThis market pro is holding McKesson, Cardinal Health and AmerisourceBergen in client portfolios.
10:37 a.m. Oct. 16, 2020
- By Tomi Kilgore
Navistar's stock soars after company said it's ready to accept Traton's higher buyout bidShares of Navistar International Corp. soared 22.9% on heavy volume in afternoon trading Friday, after the commercial trucks and diesel engines maker said it is prepared to accept Germany-based Volkswagen AG subsidiary Traton SE's higher buyout bid of $44.50 a share in cash. Trading volume was 14.9 million shares, well above the full-day average of about 1.8 million shares. The company said Traton's buyout bid has the support of its two other largest shareholders, Icahn Associates and MHR Fund Management. The stock has now retraced about 90% of what it lost over the previous two days. The stock had declined 1.6% on Thursday, and plunging 19.0% on Wednesday, after Navistar disclosed on Wednesday that Traton said its was its "best and final offer" and would expire on Friday evening. Navistar's stock has run up 50.5% year to date, while Volkswagen's U.S.-listed shares have shed 10.6% and the S&P 500 has gained 8.5%.
8:32 a.m. Sept. 23, 2020
- By Lina Saigol
Russia’s ‘Google’ Yandex joins super-app race with $5.5 billion offer for online bank TinkoffThe proposed deal will reshape Russia’s banking and tech sectors, and intensify competition with state-lender Sberbank.
3:12 a.m. Sept. 21, 2020
- By Tomi Kilgore
This chart signal says stop buying megacap technology stocks Fifty-day moving average is falling for Microsoft, Amazon and Google parent Alphabet but still rising slightly for Apple and the Nasdaq-100 IndexThe recent pullbacks in mega-capitalization technology stocks have now gone far enough, and lasted long enough, that they have triggered chart signals warning investors that at the very least, don’t buy these stocks on the dip.
1:04 a.m. Sept. 16, 2020
- By Chris O'Neill
Five cars we wish were still being made What if GM hadn’t scrapped the EV-1 and then waited a full decade to get back into the electric vehicle game?They were discontinued before they had a chance to catch on. Had they stuck around, the might have been contenders.
11:59 a.m. Sept. 8, 2020
- By Ciara Linnane
Coronavirus update: Global case tally tops 27.3 million, and U.S. accounts for a quarter, as 9 drug-company CEOs pledge to ‘stand with science’ in vaccine development Vaccine makers will only submit for full FDA approval or emergency-use authorization ‘after demonstrating safety and efficacy through a Phase 3 clinical study,’ the CEO group pledgesThe number of confirmed cases of the coronavirus that causes COVID-19 climbed above 27.3 million on Tuesday with the U.S. accounting for about a quarter of that total, as a group of nine drugmakers pledged to “stand with science” in developing a vaccine.
2:12 a.m. Sept. 8, 2020
- By Ciara Linnane
Brunswick Corp. to resume share buybacks after suspending them during pandemicBrunswick Corp. said Tuesday it is resuming its share buyback program after suspending it earlier this year during the coronavirus pandemic. The maker of boat engines and other parts said it had completed about a third of the $100 million of buybacks planned for this year before the suspension, after buying back $400 million of shares in 2019. "Entering September, we continue to see a very healthy marine market which is driving the strong cash flow performance of our business," Chief Financial Officer Ryan Gwillim said in a statement. Shares were not active premarket, but are down 1.3% in the year to date, while the S&P 500 has gained 6%.
4:29 a.m. Aug. 26, 2020
- By Jeremy C. Owens
Palantir plans to go public as it moves away from reliance on government work Company that has generated controversy for work with governments says private sector now accounts for more than half its customersPalantir Technologies Inc. has created controversy by selling its data software to militaries and other enforcement agencies for years, but it has the private sector to thank for revenue growth that is now expected to bring the company to Wall Street.
9:20 a.m. Aug. 4, 2020
- By Jon Swartz
Antitrust questions bruise but don’t break Big Tech CEOs in historic hearing After three hours of questions, expert calls hearing ‘a mix of antitrust ambush and political grandstanding’It was a bruising day tech’s biggest names on Capitol Hill.
4:19 a.m. July 29, 2020
- By Jon Swartz
Congress has a million-plus documents from Big Tech antitrust investigation, and are ready to grill big-name CEOs Bezos, Cook, Pichai and Zuckerberg will testify remotely Wednesday before House antitrust panelFor more than a year, the federal government has circled Big Tech and its business practices. On Wednesday, members of the House of Representatives will roll out evidence their staffs have found and put pressure directly on some of the most prominent executives in the world.