Business

US Retailers Close 7000 Stores in First Half of 2019

As multiple American retailers announce the shuttering of stores by the hundreds, it is hard to keep track of exactly how horrible the carnage has become. A firm that tracks ...
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What’s Left After Lexicon’s Terminated Partnership With Sanofi

Lexicon Pharmaceuticals Inc.'s (NASDAQ: LXRX) shares made a huge gain on Wednesday after the announcement that its alliance with Sanofi (NASDAQ: SNY) was terminated. The partnership was centered around the ...
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Brake Defect Forces GM Recall of 3.5 Million SUVs and Trucks

General Motors Co. (NYSE: GM) notified the U.S. National Highway Traffic Safety Administration (NHTSA) on Tuesday that it will recall 3.456 million vehicles to fix a defective vacuum pump in ...
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How Analysts Stack Apple TV+ Versus Competitors

Apple Inc. (NASDAQ: AAPL) saw its shares react positively to the fresh announcements about the iPhone 11, the updates to the smartwatch and iPads, and specifically on its upcoming launch ...
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What to Expect When Kroger Reports Thursday Morning

Kroger Co. (NYSE: KR) is scheduled to release its fiscal second-quarter financial results before the markets open on Thursday. The consensus estimates are calling for $0.41 in earnings per share ...
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Can Apple Afford to Sell Video for $4.99?

Apple Inc. (NASDAQ: AAPL) has announced its new Apple TV+ service, along with upgraded iPhones, watches and iPads. The new hardware, management says, is not the core of the company's ...
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Short Sellers Hike Their Bets in Biotech

The short interest data are out for the most recent settlement date, August 15. Generally speaking, companies within the biotech industry are considered a riskier group of stocks, with ...
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Is This Quarter Game Over For GameStop?

GameStop Corp. (NYSE: GME) released fiscal second-quarter financial results after markets closed Tuesday. The video game retailer said that it had a net loss of $0.32 per share and $1.3 ...
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Despite a Higher Dividend Predicted, Kinder Morgan Takes Key Analyst Downgrade

Kinder Morgan Inc. (NYSE: KMI) traded lower on Tuesday after an analyst downgrade added pressure on the shares. The independent research firm Argus downgraded Kinder Morgan to Hold from Buy. ...
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Close to Half of Americans Believe Electric Vehicles Need Gasoline in Order to Run

H.L. Mencken is credited with observing that no one ever went broke underestimating the intelligence of the American public. He didn't use those very words, but the gist of what ...
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Great News for Patients With Dangerously Low Blood Sugar

Xeris Pharmaceuticals Inc. (NASDAQ: XERS) shares were halted briefly on Tuesday after the firm announced that it has received regulatory approval from the U.S. Food and Drug Administration (FDA) for ...
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Is the FDA Canceling This Schizophrenia Treatment?

Intra-Cellular Therapies Inc. (NASDAQ: ITCI) shares dipped on Tuesday after the firm gave an update from the U.S. Food and Drug Administration (FDA). Essentially, the FDA informed Intra-Cellular that it ...
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Why Ford’s Dividend Still Looks Safe After Moody’s Downgrade to Junk

Receiving a key credit rating downgrade can be a painful experience for many companies. When a company with an investment grade credit rating is downgraded to "junk bond" status, investors ...
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10x Genomics Closes in on IPO

10x Genomics has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company intends to price its 9.0 million ...
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What to Watch When GameStop Reports After the Close

GameStop Corp. (NYSE: GME) is scheduled to release its fiscal second-quarter financial results after the markets close on Tuesday. The consensus estimates are calling for a net loss of $0.21 ...
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