NEW YORK, Feb 14- Global stock markets rose slightly on Friday as investors bet on a lull in proliferation of the coronavirus, while oil prices registered their first weekly gain since early January. Wall Street climbed late in the session following a CNBC report, citing sources, that the White House was considering a tax incentive for Americans to buy stocks.
NEW YORK, Feb 14- Major world stock indexes edged lower on Friday as investors further assessed the economic fallout of China's coronavirus outbreak, while oil prices registered their first weekly gain since early January. It still remains the biggest risk going forward, "said Robert Pavlik, chief investment strategist and senior portfolio manager at...
Feb 14- Toast Inc, a cloud-based restaurant software company, said on Friday it raised $400 million in a funding round led by investment firms TPG and Tiger Global Management among others, taking its valuation to $4.9 billion. It launched Toast Capital, a restaurant funding service, in November. The series F funding was also led by Bessemer Venture Partners and...
NEW YORK, Feb 14- Major world stock indexes were little changed on Friday as investors further assessed the economic fallout of China's coronavirus outbreak, while oil prices were on track for their first weekly gain since early January. It still remains the biggest risk going forward, "said Robert Pavlik, chief investment strategist and senior portfolio...
NEW YORK, Feb 13- Instructure Inc's plan to sell itself to Thoma Bravo hit a snag on Thursday when the U.S. educational software company said it had rejected a higher offer from the private equity firm and postponed the vote for shareholders. Thoma Bravo, which originally offered $47.60 a share for Instructure, boosted its offer by 90 cents to $48.50 on Wednesday...
Treasury yields were slightly lower on Thursday as traders balanced worsening news about the coronavirus epidemic in China with positive U.S. economic reports. "The U.S. is certainly not in a recession, Europe isn't getting any worse, and that's balancing out this terrible news from China," Richman said. In Hubei province in central China, officials said 242...
CHICAGO, Feb 13- American Airlines Group Inc said on Thursday it would launch its first direct U.S. flight to Bangalore from Seattle, a new route meant to meet corporate customers' demand for travel to the center of India's high-tech industry. Alaska Airlines is one of the biggest operators of flights along the West Coast, where businesses from Seattle to San Diego...
BOSTON, Feb 5- U.S Treasury yields rose on Wednesday as traders reacted to positive reports on efforts to counter the coronavirus and a strong private-sector jobs report. The World Health Organization played down reports of breakthrough drugs, and set a conference in Geneva next week to plan research and development priorities to combat the outbreak.
Feb 3- U.S. stocks rallied on Monday, helped by gains in heavyweight technology shares and surprise strength in U.S. manufacturing activity, as stocks rebounded after a sharp selloff last week sparked by concerns about fallout from a virus out of China. U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a...
ZURICH, Jan 24- Sickle cell disease drugs made by Novartis and Global Blood Therapeutics may not be cost effective at current prices, a draft report published on Friday suggested, widening the debate over U.S. healthcare affordability. Novartis and GBT disputed the preliminary conclusions by the Boston- based Institute for Clinical and Economic Review.
ZURICH, Jan 24- Sickle cell disease drugs made by Novartis and Global Blood Therapeutics may not be cost effective at current prices, a draft report published on Friday suggested, widening the debate over U.S. healthcare affordability. Novartis and GBT disputed the preliminary conclusions by the Boston- based Institute for Clinical and Economic Review.
Bungalow, a barely 3-year-old co-living company, rents private bedrooms in large suburban and urban homes.
Jan 23- Xerox Holdings Corp said on Thursday it plans to nominate 11 independent candidates to HP Inc's board, seeking to take control of the personal computer maker after several rejections of its $33.5 billion buyout offer. "HP shareholders have told us they believe our acquisition proposal will bring tremendous value, which is why we lined up $24 billion in...
NEW YORK, Jan 23- Wall Street struggled for direction on Thursday as investors digested mixed earnings and developing news about the coronavirus outbreak emanating from China. Health officials in China put millions of people on lockdown in efforts to contain a coronavirus outbreak that has so far claimed 18 lives, but the World Health Organization announced...
Jan 23- Xerox Holdings Corp said on Thursday it plans to nominate 11 independent candidates to HP Inc's board, seeking to take control of the personal computer maker after several rejections of its $33.5 billion buyout offer. "HP shareholders have told us they believe our acquisition proposal will bring tremendous value, which is why we lined up $24 billion in...
NEW YORK, Jan 22- The future of employee training involves no embarrassing role-playing in front of new colleagues or boring web modules which take an hour each to click through. You fly the plane without flying the plane, "said Derek Belch, founder and chief executive of Strivr, a virtual reality-based immersive-training provider based in Menlo Park, California.
NEW YORK, Jan 22- Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump. Dollar bullishness in future markets stands at its lowest level in more than a year-and-a-half, according to the most recent data from the Commodity Futures Trading Commission...
BOSTON/ NEW YORK, Jan 21- U.S. midwestern utility Evergy Inc affirmed on Tuesday its faith in its business plan after activist hedge fund Elliott Management Corp urged the firm to improve its performance or consider a merger with another power company. It added that its current plan offered the best returns within the regulatory framework it agreed with...
"It doesn't seem to have gleaned most of the optimism we've seen in the equity market," said John Herrmann, director of U.S. interest rates strategy for MUFG. Tom Simons, money market economist for Jefferies, said longer-term yields also may have gotten a boost because of Thursday's announcement by the U.S. Treasury that it will begin issuing a new 20- year bond in the...
The U.S. Labor Department said on Wednesday its producer price index for final demand ticked up 0.1% last month after being unchanged in November. Investors saw the data and similarly soft reports from Europe as a signal to reposition investments that had been pegged to a growing sense of economic optimism, said Jim Vogel, FHN Financial interest rate...
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