Category Archives: business

Futures lower after weak Chinese economic data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 2, 2016. NEWS.GNOM.ES/Brendan McDermid More By Tanya Agrawal (NEWS.GNOM.ES) – U.S. stock index futures were sharply lower on Tuesday after weak Chinese economic data raised concerns about the health of the global economy. Continue reading

Halliburton adjusted profit beats estimate, helped by cost cuts

The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. NEWS.GNOM.ES/Richard Carson/File Photo More (NEWS.GNOM.ES) – Halliburton Co, the world’s No.2 oilfield services provider, reported a higher-than-expected adjusted profit for the first quarter as deep cost cuts helped cushion the impact of a drop in drilling and completion activity Continue reading

Pfizer revenue beats on Hospira acquisition

A woman walks past a Pfizer logo on their building in the Manhattan borough of New York April 6, 2016. NEWS.GNOM.ES/Carlo Allegri More (NEWS.GNOM.ES) – U.S. drugmaker Pfizer Inc reported first-quarter revenue that blew past analysts’ average estimate, boosted by sales of its new treatments for cancer and its Hospira acquisition. Continue reading

Starboard’s Smith says Yahoo ‘welcoming’ since his arrival

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, December 12, 2012. NEWS.GNOM.ES/Denis Balibouse/File photo More By Michael Flaherty and Lawrence Delevingne LOS ANGELES (NEWS.GNOM.ES) – Yahoo Inc’s management team and directors have given a warm welcome to Starboard Value LP Chief Executive Jeffrey Smith since he joined the company’s board after a contentious battle, he said on Monday. “Yahoo has been great,” said Smith, who was speaking on a panel at the Milken Institute Global Conference here Continue reading

Oil prices rise as dollar slips to 18-month low against yen

An offshore oil platform is seen at the Bouri Oil Field off the coast of Libya August 3, 2015. NEWS.GNOM.ES/Darrin Zammit Lupi More By Henning Gloystein SINGAPORE (NEWS.GNOM.ES) – Oil prices rose on Tuesday as the dollar slipped to an 18-month low against the yen, potentially spurring fuel demand, but gains were restricted by rising Middle East output that renewed concerns of a global supply overhang. The international Brent crude benchmark was trading at $46.04 per barrel at 0210 GMT, up 21 cents from its last close Continue reading

Asian stocks pare gains, yen extends rally

An employee of the Tokyo Stock Exchange (TSE) works at the bourse at TSE in Tokyo, Japan, February 9, 2016. Continue reading

Tenet sees competitors picking up UnitedHealth exchange business

Trevor Fetter, CEO of Tenet Healthcare, speaks at the NEWS.GNOM.ES Health Summit in New York, May 7, 2013. NEWS.GNOM.ES/Brendan McDermid More By Susan Kelly (NEWS.GNOM.ES) – Tenet Healthcare Corp , the third-largest U.S. for-profit hospital operator, expects other insurers to step in and absorb UnitedHealth Group Inc’s share of the exchange market when the largest U.S Continue reading

Hedge fund leader Dalio calls Bridgewater culture ‘opposite of a cult’

Raymond Dalio, Founder, Chairman and Co-Chief Investment Officer of Bridgewater Associates, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. NEWS.GNOM.ES/Lucy Nicholson More By Lawrence Delevingne LOS ANGELES (NEWS.GNOM.ES) – Ray Dalio, the billionaire founder of Bridgewater Associates, has defended his firm’s unconventional management style – based on employees openly challenging each other and giving themselves continuous performance feedback – saying it created a focus on “independent thinking.” “It is a culture, but it’s the opposite of a cult,” Dalio said at a rare public speaking appearance at the Milken Institute Global Conference in Los Angeles on Monday. The world’s largest hedge fund, with about $150 billion in assets under management, is known for what it calls a system of “radical transparency,” envisioned as a meritocracy of ideas where open challenge between employees is encouraged. Continue reading

Canada for first time says it actively wants to help Bombardier

A Bombardier C Series aircraft is displayed at the Singapore Airshow at Changi Exhibition Center February 18, 2016. NEWS.GNOM.ES/Edgar Su/File Photo More By Leah Schnurr and David Ljunggren OTTAWA (NEWS.GNOM.ES) – The top Canadian official probing a request by planemaker Bombardier Inc for aid to support its new CSeries passenger jet on Monday indicated for the first time that Ottawa actively wanted to help the company, highlighting the number of jobs it provides. Continue reading

Ackman defends Valeant, hints at more changes

The headquarters of Valeant Pharmaceuticals International Inc., seen in Laval, Quebec November 9 2015. NEWS.GNOM.ES/Christinne Muschi More By Svea Herbst-Bayliss and Caroline Humer BOSTON/NEW YORK (NEWS.GNOM.ES) – Billionaire investor William Ackman on Monday mounted a vigorous defense of Valeant Pharmaceuticals , ruling out any sale of the drug company’s “crown jewel” assets but saying price cuts and even a new name may be in its future Continue reading