U.S. healthcare stocks shielded from political pressures prove profitable

U.S. healthcare stocks shielded from political pressures prove profitable
NEW YORK (Reuters) – U.S. healthcare investors have found success this year buying stocks of companies whose products improve eyesight, treat pets and fix crooked teeth, all viewed as unlikely to fall victim to political and regulatory issues pressuring a wide swath of the sector. FILE PHOTO: The inside of a Walgreens-operated pharmacy is seen at a Cisco health clinic... Read More

DHL says it will invest $150 million to expand U.S. healthcare business

DHL says it will invest $150 million to expand U.S. healthcare business
LOS ANGELES (Reuters) – Deutsche Post DHL Group on Thursday said it will spend $150 million this year to expand its U.S. healthcare distribution network capacity by roughly 40 percent. A DHL logo is seen on a DHL Boeing 757 aircraft during a charity fundraising event at the Safi Aviation Park in Safi, Malta May 1, 2019. REUTERS/Darrin Zammit Lupi... Read More

Fear and fervor propel Shanghai’s tech board amid trade, Huawei tensions

Fear and fervor propel Shanghai’s tech board amid trade, Huawei tensions
SHANGHAI (Reuters) – Chinese companies and investors are lining up in spades to take part in Shanghai’s new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the U.S. blacklisting of telecom firm Huawei inflamed trade tensions. People walk by an electronic board showing the Shanghai and Shenzhen stock indexes, on a pedestrian overpass at Lujiazui financial... Read More

Drugmaker Sanofi appoints Novartis’ Hudson as CEO

Drugmaker Sanofi appoints Novartis’ Hudson as CEO
PARIS (Reuters) – Sanofi has appointed Novartis executive Paul Hudson to replace CEO Olivier Brandicourt who will retire in September, France’s biggest drugmaker said on Friday. A logo of Sanofi is pictured during the company’s shareholders meeting in Paris, France, April 30, 2019. REUTERS/Benoit Tessier Hudson will take over on Sept. 1, Sanofi said, confirming a Reuters report published on... Read More

Drugmaker Sanofi appoints Novartis executive Hudson as new CEO

Drugmaker Sanofi appoints Novartis executive Hudson as new CEO
PARIS (Reuters) – French pharma giant Sanofi has appointed Paul Hudson as chief executive to replace Olivier Brandicourt, who will retire in September, the company said on Friday. A logo of Sanofi is pictured during the company’s shareholders meeting in Paris, France, April 30, 2019. REUTERS/Benoit Tessier Hudson, a top executive at Sanofi’s Swiss rival Novartis, will take his new... Read More

Nasdaq confirms correction as Facebook, Alphabet, Amazon drag

Nasdaq confirms correction as Facebook, Alphabet, Amazon drag
New York (Reuters) – The Nasdaq tumbled 1.6% on Monday, confirming a correction as it was dragged down by Alphabet, Facebook and Amazon.com on fears the companies are the targets of U.S. government antitrust regulators. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 3, 2019. REUTERS/Brendan McDermid While the sell-off in... Read More

Wall Street tumbles as Facebook, Alphabet extend slide

Wall Street tumbles as Facebook, Alphabet extend slide
(Reuters) – U.S. stocks went back into the red on Monday after regulatory fears sent shares of internet giants Alphabet, Facebook and Amazon.com sharply lower, particularly weighing down on the tech-laden Nasdaq. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 3, 2019. REUTERS/Brendan McDermid Facebook Inc tumbled 7.4% after the Wall... Read More

South Korea orders further arrests at Samsung Electronics over accounting scandal

South Korea orders further arrests at Samsung Electronics over accounting scandal
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – A South Korean court approved arrest warrants on Saturday for two executives at Samsung Electronics Co Ltd over their alleged roles in a suspected accounting fraud at the biotech arm of Samsung Group. The... Read More

What’s at stake for Europe Inc in a trade spat with Washington

What’s at stake for Europe Inc in a trade spat with Washington
LONDON (Reuters) – Europe’s listed companies are expected to generate 1.2 trillion euros (£1.04 trillion) in revenue from the United States this year, highlighting what’s at stake as global trade tensions grow and earnings and economic growth stall. A worker sweeps up the floor in preparation for a BMW press conference at the Los Angeles Auto Show in Los Angeles,... Read More