Author: WallStreetReview

AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan

WallStreetReview
AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan
(Reuters) – Drugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for about $63 billion, grabbing control of by far the biggest name in medical aesthetics to help reduce its reliance on blockbuster arthritis treatment Humira. FILE PHOTO: The Allergan logo is seen in this photo illustration in Singapore November 23, 2015. REUTERS/Thomas White/File Photo AbbVie has... Read More

Unilever to close Henderson ice cream manufacturing facility in Nevada

WallStreetReview
Unilever to close Henderson ice cream manufacturing facility in Nevada
FILE PHOTO: The logo of Unilever is seen at the headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw/File Photo (Reuters) – Consumer goods giant Unilever said it would close its ice cream manufacturing facility in Henderson, Nevada, hurting about 300 jobs. Unilever, which makes household goods ranging from Dove soaps to Knorr packet soups, said ice cream... Read More

Disney in talks to invest in Indonesia’s largest media firm: source

WallStreetReview
Disney in talks to invest in Indonesia’s largest media firm: source
FILE PHOTO: The entrance to Walt Disney studios is seen in Burbank, California, U.S. August 6, 2018. REUTERS/Lucy Nicholson/File Photo JAKARTA (Reuters) – Media Nusantara Citra is not in talks with Disney over an investment in one of the Indonesian media group’s companies, president and founder Hary Tanoesoedibjo said on Tuesday. An MNC executive had earlier told Reuters on Tuesday... Read More

European watchdogs demand detail on Facebook’s cryptocurrency

WallStreetReview
European watchdogs demand detail on Facebook’s cryptocurrency
LONDON/ZUG, Switzerland (Reuters) – Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Photo Britain’s top financial regulator... Read More

UK watchdog wants more detail on Facebook’s Libra coin plan

WallStreetReview
UK watchdog wants more detail on Facebook’s Libra coin plan
Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – There was “insufficient” detail to understand Facebook’s plans to expand into payments and launch its own Libra coin, Britain’s Financial Conduct Authority (FCA) said on Tuesday. Facebook has the potential to be... Read More

Futures lower on Iran tensions, trade worries

WallStreetReview
Futures lower on Iran tensions, trade worries
(Reuters) – U.S. stock futures were pulled lower by Iran tensions and trade worries on Tuesday, with investors focusing on Federal Reserve officials for more clarity on interest rates. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 24, 2019. REUTERS/Brendan McDermid/File Photo In a dramatic and unprecedented move, President... Read More

AbbVie to buy Botox-maker Allergan in $63 billion deal

WallStreetReview
AbbVie to buy Botox-maker Allergan in $63 billion deal
FILE PHOTO: The Allergan logo is seen in this photo illustration in Singapore November 23, 2015. REUTERS/Thomas White/File Photo (Reuters) – AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc in a cash-and-stock deal for about $63 billion to add fast-growing therapeutic businesses such as medical aesthetics and eye care. Allergan shareholders will receive 0.8660 AbbVie shares and... Read More