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Economy

Chief executive Pascal Soriot said the tie-up would maximise the potential of Lynparza as a "backbone for many combinations". Roche shares were not yet active in the premarket. As part of the agreement, Merck will pay AstraZeneca up to $8.5 billion in total consideration, including $1.6 billion upfront, $750 million for certain license options and up to $6.15 billion contingent on successful achievement of future regulatory and sales milestones.
  • Dick's Sporting Goods Inc (DKS) Hits a New 52-Week High

    Dick's Sporting Goods Inc (DKS) Hits a New 52-Week High

    Economy

    The mean rating score for this stock is at 2.20. The firm has "Buy" rating by Maxim Group given on Tuesday, February 21. The rating was downgraded by Cleveland on Monday, July 10 to "Hold". William Harris Invsts reported 164,820 shares stake. Td Asset invested 0% of its portfolio in DineEquity Inc (NYSE:DIN). About 7,629 shares traded. Citigroup Inc (NYSE:C) has risen 35.60% since July 24, 2016 and is uptrending.
  • Consolidated (NASDAQ:COKE) Receives An Update From Brokers

    Economy

    It has underperformed by 3.04% the S&P500. The firm owned 46,494 shares of the company's stock after selling 3,333 shares during the period. Institutional investors own 31.53% of the company's stock. KO's profit will be $2.43B for 19.77 P/E if the $0.57 EPS becomes a reality. After $0.43 actual EPS reported by The Coca-Cola Co for the previous quarter, Wall Street now forecasts 32.56% EPS growth.
  • Charles Schwab Corp (NYSE:SCHW), International Business Machines Corp. (NYSE:IBM)

    Economy

    Therefore 29% are positive. Finally, CKW Financial Group increased its stake in International Business Machines Corporation by 14.8% in the first quarter. (NYSE:IBM) for 144 shares. Worldwide firm Machines Corporation had a ROE of 71.53% and a net profit margin of 14.58%. the company reported sales of $19.29 B for the period end, compared with brokerage expectations of $19.45 B.
  • SEC Says 'Coin Offerings' Are Subject To Securities Laws

    SEC Says 'Coin Offerings' Are Subject To Securities Laws

    Economy

    As many of these tokens are then listed and traded on virtual currency exchanges, large holders could in theory have the firepower to control the price. In a report likely to jolt the red-hot market for so-called " Initial Coin Offerings " ( ICOs ), the Securities and Exchange Commission on Tuesday found that the "coins" in one prominent ICO were in fact securities-meaning the transactions fell afoul of federal investment laws.
  • Big oil is learning to live with $50 crude

    Big oil is learning to live with $50 crude

    Economy

    Oil stocks fell by 10.2 million barrels in the week ending 21 July to 487 million, against expectations of a 2.6 million barrel fall. According to the API, crude inventories tumbled 10.2M barrels last week. "The case for a return to $60 bbl and higher would require multiple production losses (Nigeria, Libya, Venezuela, and a few others are prime candidates)", the expert said.
  • Italian bank UniCredit hit by security breach affecting 400000 customers

    Italian bank UniCredit hit by security breach affecting 400000 customers

    Economy

    The bank says a first breach seems to have occurred in September and October 2016 and a second breach which has just been identified in June and July 2017. The breach was discovered by the bank's IT department, who detected anomalies in the way some users from this external commercial partner were accessing client data.
  • FCA proposes to extend the senior management regime to more firms

    FCA proposes to extend the senior management regime to more firms

    Economy

    The London Summit 2017 is coming, get involved! New rules are meant to make individuals more accountable for their conduct and competence, reducing harm to consumers and improving market integrity. All elements of the new rules will also be rolled out for insurers , which now adhere to requirements under a revised version of the FCA's Approved Persons Regime and the Prudential Regulation Authority's Senior Insurance Managers Regime.
  • Ford Motor Co Earnings Rise 14% In Q2

    Ford Motor Co Earnings Rise 14% In Q2

    Economy

    Excluding one-time items, the No. 2 USA automaker reported earnings per share of 56 cents, and on that basis analysts, on average, looked for 43 cents. Hackett, a former Steelcase CEO, has been overseeing Ford's Smart Mobility initiative. Hackett replaced Mark Fields, who had risen through the ranks at the automaker before taking the helm.