- Obama to Outline Strategy to Boost US Exports to Asia
- Friday May See 'Risk Trade' Stalling; Dollar in Focus
- Job Market Politics to Keep Interest Rates Low
- AIG, Symbol of Crisis, Watches Its Stock Zoom Back
- Disney Profit, Sales Top Street Forecasts; Shares Jump
- Bill Gates Praises Apple's Jobs for 'Saving the Company'
- Cities With the Most Home Price Reductions
- Is Euphoric Market Ignoring Warning Signs?
- Video Game Sales Plunge, but Have They Hit Bottom?
- EXCERPTS and IMAGES: Warren Buffett & Bill Gates - Keeping America Great
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Gold Is a Bad Inflation Hedge—Like Oil: Stock Picker
- Intel's Andy Bryant Offers An Explanation
- US 'Actively Working' on Weaker Dollar: Fund Manager
- Options Boil on Biotech Buyout Rumors
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
- 5-Star Manager's 5 Stocks for Changing Markets
MOST SHARED
- Pharma & Social Media
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- Cities With the Most Home Price Reductions
- Warren Buffett and Bill Gates Share Their 'Optimism' With Eager Columbia Business Students
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Disney Profit, Sales Top Street Forecasts; Shares Jump
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- Is Euphoric Market Ignoring Warning Signs?
- China Fourth Quarter Growth Could Hit 10%: Official
- Obama to Outline Strategy to Boost US Exports to Asia
Text Size 
Shares of Swiss drugmaker Novartis traded higher (up 0.86%) after the company posted strong sales despite problems with the U.S. food and drug administration.
The company reported on Monday an 11% rise in first-quarter net profit to $2.171 billion driven by strong sales of its flagship drugs, the hypertension drug Diovan and the leukemia drug Gleevec.
Sales of Diovan rose 23% to $1.15 billion and Gleevec sales rose 21% to $674 million.
The company also confirmed its recently revised sales outlook, saying it expects revenue to increase at least 5% this year.
Scottish & Newcastle (up 3.94%) SAB Miller has allied with Diageo to bid for U.K. brewer Scottish & Newcastle with a view to splitting the business in two.
Nestle (up 1.19%) The Swiss company posted a better than expected jump in sales and confirmed its outlook for the full year despite a big jump in raw material prices.
MTU Aero Engines (up 2.43%) The Company reported on Monday that first-quarter underlying profit rose 32% due to strong growth at its original equipment business, and reiterated its profit forecast for the full year.
Societe Generale (down 2.40%) Shares fell back after the French bank denied it was in merger talks with Italian bank Unicredit.
Print
Email
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- They may have wrecked their companies or saved our economy. Tell us what you think.
- Big pharma embraces social media, but how much should a tightly regulated sector say on Facebook or Twitter?
- A European dating site finds lovelorn singles from one country to be consistently uglier. Which is it?
- Contributor David Pogue looks at two of the latest efforts to perfect the digital pocket camera.
- PepsiCo is ramping up its onsite health facilities for workers.
Data is a real-time snapshot *Data is delayed at least 15 minutes