Business

UPDATE 2-Ackman's Pershing Square says ADP needs to streamline, modernize

58 mins ago DieselGasoil Comments Off on UPDATE 2-Ackman's Pershing Square says ADP needs to streamline, modernize
BOSTON/NEW YORK (Reuters) – Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc’s (ADP.O) stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman’s hedge fund Pershing Square Capital Management owns 8.3 percent of the $50 Read More

BlackRock's largest mutual fund boosts energy holdings -manager

58 mins ago DieselGasoil Comments Off on BlackRock's largest mutual fund boosts energy holdings -manager
NEW YORK (Reuters) – BlackRock Inc’s (BLK.N) largest mutual fund hiked its exposure to “select names” in energy as the sector has lagged this year, one of its portfolio managers said on Thursday. “The underperformance of energy stocks even as oil prices have stabilized creates opportunities for investors,” wrote Russ Koesterich, a manager of the Read More

UPDATE 2-U.S. House Democrats launch probe into MS drug pricing

1 hour ago DieselGasoil Comments Off on UPDATE 2-U.S. House Democrats launch probe into MS drug pricing
NEW YORK (Reuters) – U.S. House Democrats said on Thursday they were launching an investigation into why prices for Multiple Sclerosis (MS) treatments have nearly quadrupled since 2004, and they sent letters requesting information from seven drugmakers. U.S. Representatives Elijah Cummings and Peter Welch sent the letters to Bayer AG, Biogen Inc, EMD Serono, Novartis Read More

StorageVault announces normal course issuer bid

1 hour ago DieselGasoil Comments Off on StorageVault announces normal course issuer bid
* To purchase for cancellation, during 12-month period starting August 18, 2017, up to 17.2 million of common shares Source text for Eikon: Further company coverage: Read More

YouTube announces expansion of YouTube TV into 14 new U.S. markets‍​

2 hours ago DieselGasoil Comments Off on YouTube announces expansion of YouTube TV into 14 new U.S. markets‍​
Aug 17 (Reuters) – YouTube : * YouTube says announced the expansion of YouTube TV into 14 new U.S. markets‍​ * YouTube says also announcing that YouTube TV will soon expand into 17 additional markets in the coming weeks‍​ Further company coverage: Read More

Sinclair Broadcast announces agreement with YouTube TV

2 hours ago DieselGasoil Comments Off on Sinclair Broadcast announces agreement with YouTube TV
Aug 17 (Reuters) – Sinclair Broadcast Group Inc: * Agreement for all of ABC, CBS, FOX , NBC affiliates to be carried in the respective markets as YouTube TV launches in the markets​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136) Read More

Medovex Corporation names Charlie Farrahar as CFO

2 hours ago DieselGasoil Comments Off on Medovex Corporation names Charlie Farrahar as CFO
Aug 17 (Reuters) – Medovex Corp: * Medovex Corporation names Charlie Farrahar Chief Financial Officer * Says Charlie Farrahar appointed CFO * Jeffery Wright, former CFO, agreed to become the company’s first controller​ Source text for Eikon: Further company coverage: Read More

Uber wins U.S. court appeal to push price-fixing case to arbitration

2 hours ago DieselGasoil Comments Off on Uber wins U.S. court appeal to push price-fixing case to arbitration
NEW YORK (Reuters) – Uber Technologies Inc on Thursday won a victory in its effort to keep unhappy customers from suing in court, persuading a federal appeals court to send a Connecticut passenger’s price-fixing case against the ride-service company into arbitration. Overturning a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Read More