CHICAGO/ NEW YORK, Feb 20- The outbreak of coronavirus in China has forced U.S.-based suppliers to industrial giants such as Caterpillar Inc, Deere& Co and Komatsu Ltd to grapple with a surge in costs to avoid production disruptions. China is struggling to get its economy back on track after imposing severe travel restrictions to contain the virus that emerged in...
Breaking up Emerson was one of the demands made by hedge fund D.E. Shaw& Co LP last October, when it announced it owned more than 1% of the company. Emerson, which pursued an unsuccessful $29 billion acquisition bid for peer Rockwell Automation Inc in 2017, had long been seen as a potential break-up candidate among investors and analysts. The St. Louis- based company...
ZURICH, Feb 10- Experimental drugs from Roche and Eli Lilly failed to halt Alzheimer's disease in their latest test, the companies said on Monday, in a blow to people whose genes make them particularly vulnerable to the illness. The study of Roche's gantenerumab and Eli Lilly's solanezumab spearheaded by Washington University in St. Louis focused on rare...
Feb 7- Wall Street pulled back from record levels on Friday after a four-day rally, as investors digested a report that showed strength in U.S. labor market, while keeping a close eye on developments surrounding the coronavirus epidemic. Nonfarm payrolls increased by 225,000 jobs last month, the Labor Department's data showed, much higher than 160,000 job...
Fierce competition and a shrinking supply is driving home prices higher. So, is it cheaper to own or rent? That depends where you are.
The relationship between energy stocks and oil prices has been weak over the last few decades: the 90- day correlation between the Select Sector Energy ETF and WTI crude going back to 1999 stands at 0.49, according to DataTrek Research. "History very clearly shows this industry doesn't really move with oil prices," said Nicholas Colas, co-founder at DataTrek...
Jan 24- The world's largest burger chain McDonald's Corp said this month that it would expand its test of a plant-based meat product with Beyond Meat patties in Canada, and other chains also are looking to serve vegan customers. The craze has given a big boost to Beyond Meat and Impossible Foods, two of the biggest players to launch faux meats.
Jan 24- Bayer AG said on Friday it has reached an agreement with plaintiffs' lawyers to postpone a Missouri jury trial over allegations its popular weed killer Roundup causes cancer to provide room for negotiations to settle the litigation. The fourth jury trial in the Roundup litigation was scheduled to begin in St. Louis on Friday morning, but never got...
*First case to be heard outside California. *St. Louis case scheduled to last several weeks. It is being held in St. Louis, where Monsanto was headquartered before Bayer bought the company in a $63 billion deal in 2018..
The lawsuit marks the first multi-plaintiff trial in the litigation over whether glyphosate, Roundup's active ingredient, is carcinogenic, and is the trial outside of California. It is being held in St. Louis, where the Monsanto unit was headquartered before Bayer bought the company in a $63 billion deal in 2018.. The case in Missouri's Circuit Court for the 22nd...
NEW YORK, Jan 15- BlackRock Inc, the world's largest asset manager, beat analysts' estimates for quarterly profit on Wednesday, helped by strong flows into its exchange-traded fund business that boosted overall assets under management to a record $7.43 trillion. A rally in global equity markets and strong inflows across business segments helped the company...
At first glance it might seem like the famously hard-charging Wall Street investment bank was feeling, well, not quite itself. After all, Goldman Sachs has not always endeared itself to critics of Wall Street. Behind Goldman Sachs' efforts is essentially one guy, John Goldstein- known as the Forrest Gump of the field, since he keeps popping up at key moments- who sold...
At first glance it might seem like the famously hard-charging Wall Street investment bank was feeling, well, not quite itself. After all, Goldman Sachs has not always endeared itself to critics of Wall Street. Behind Goldman Sachs' efforts is essentially one guy, John Goldstein- known as the Forrest Gump of the field, since he keeps popping up at key moments- who sold...
Yields fell back after the U.S. Labor Department said the number of Americans filing applications for unemployment benefits dropped from more than a two-year high last week. The figures drew traders' attention away from more positive long-term trends, said James Barnes, director of fixed income at Bryn Mawr Trust. Treasury Secretary Steven Mnuchin said an...
WASHINGTON, Dec 9- A new analysis of where "innovation" jobs are being created in the United States paints a stark portrait of a divided economy where the industries seen as key to future growth cluster in a narrowing set of places. Between 2005 and 2017, industries such as chemical manufacturing, satellite telecommunications, and scientific research flocked...
WASHINGTON, Nov 27- The U.S. economy expanded modestly from October to mid-November and the outlook for growth was generally positive while labor markets remained tight across the country, the Federal Reserve said in a report on Wednesday. For example, two employment agencies in the New York district said "almost all job candidates" already are employed and are...
NEW YORK/ FRANKFURT, Nov 27- Anheuser-Busch InBev, the world's largest brewer, is exploring options for its packaging activities as it streamlines its portfolio and focuses on its core beverage business, sources close to the matter said. Deutsche Bank has been hired to explore a sale of a minority stake or a joint venture for AB InBev's North American bottling and...
*Emerson jets flown to Augusta at time of Masters tournament. By the time Woods sealed his fifth Masters victory on April 14, Emerson pilots had landed 13 times at the airport during the four-day tournament. Emerson, which is in the vital but unglamorous business of making products such as measurement and control systems used by manufacturing companies, is now...
NEW YORK, Oct 29- The S&P 500 eased back from a record high on Tuesday to trade near the unchanged mark as investors weaved through the heart of earnings season and the latest headlines on a potential trade deal between the U.S. and China. But indexes pulled back after a U.S. administration official told Reuters that Washington and Beijing are continuing to work on...
NEW YORK, Oct 15- BlackRock Inc, the world's largest asset manager, exceeded analysts' estimates for quarterly profit on Tuesday, as investors poured money into its fixed-income funds and cash management business amid worries about global growth. The company attracted $84.25 billion in new money during the third quarter, boosting the total assets it manages to...
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