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Dow extends gains to fifth straight session

18-07-2018

Modest gains on Wall Street sent the Dow Jones Industrial Average to its fifth consecutive advance on Wednesday, as market participants welcomed earnings and measured tone from the Federal Reserve Chairman Jerome Powell during his two-day congressional testimony. Upbeat outlook for the economy from the...

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Pfizer, Eli Lilly non-opioid pain drug nears finish line

18-07-2018

A new non-opioid drug for osteoarthritis pain being developed by Pfizer Inc. and Eli Lilly & Co. had positive early results in a phase 3 clinical trial, the companies announced on Wednesday. The drug, tanezumab, met all three co-primary endpoints in the trial...

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Papa John's, Wendy's shares rise after WSJ report of merger…

18-07-2018

Shares of Papa John's International Inc. and Wendy's Co. rose late in the trading session Wednesday after a report in The Wall Street Journal said ousted founder and chairman John Schnatter had held talks to merge the pizza company with Wendy's. The talks...

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Shares of Take -Two pop after bullish hedge-fund investor call

18-07-2018

Shares of Take Two Interactive Software popped in late-afternoon trade Wednesday, after Samantha Greenberg, chief investment officer at Margate Capital Management said there was more than 40% upside potential in the video-game maker. Speaking at CNBC's Delivering Alpha conference, Greenberg , a prominent hedge-fund...

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Sanders denies that Trump was saying 'no' to question of…

18-07-2018

White House press secretary Sarah Sanders said President Donald Trump's "no" in response to the question of whether Russia was still targeting the U.S. was referring to his willingness to take more questions. "The president was saying 'no' to answering questions," he said. "We certainly...

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What really happened to EgyptAir Flight 804?

14-07-2018

GULLIVER is not the type of person to kick up a fuss on his travels, least of all when lucky enough to be at the front of the plane. But his patience was pushed to the limit a couple of years ago, when his EgyptAir...

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A Chinese music-video app is making WeChat sweat

12-07-2018

A PUBLIC spat between two warring and wildly popular Chinese apps has had the feel of a teenage dance-off. “Sorry, Douyin Fans”, ran an article from the short-video app on its WeChat account, in which it accused the mobile-messaging service of disabling links to Douyin’s...

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A welcome upgrade to apprenticeships

12-07-2018

THE Advanced Manufacturing Research Centre (AMRC) in South Yorkshire, England, looks like the very model of a modern industrial site—bright, shiny, airy and clean. In June 1984 it was the site of a traumatic moment in British history—the Battle of Orgreave, when picketing miners clashed...

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Big corporates’ quest to be hip is helping WeWork

12-07-2018

WITH his flowing locks and hip clothes Adam Neumann, co-founder and chief executive of WeWork, looks less like a property baron than the frontman of a rock group. He speaks expansively on the subjects of character, destiny and God. His four-year-old daughter wanders through his...

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