Mylan shares slide after warning of hit to revenue
Generic drugmaker Mylan NV said on Tuesday reevaluation of its portfolio of medicines will continue next year and cautioned of a hit to revenue, and its shares nearly 6%.
Struggling Norwegian Air to sell more shares, launch bond issue
Norwegian Air plans to raise up to $316 million through its third share sale in two years and a bond issue to meet the struggling airline’s financial needs through 2020 and beyond, it said on Tuesday.
Wall Street’s trade-fueled record run pauses
The three main U.S. indexes took a breather on Tuesday after expectations of a U.S.-China trade deal propelled them to record highs in the previous session.
Beyond windmills, Epoch’s Van Valen looks for grid improvements
At a time when U.S. utilities face pressure to rely more on renewable energy, a well-known investor in the space said it is equally important to judge companies by their spending on less glamorous areas like power lines and grid reliability.
Struggling Norwegian Air launches shares issue, bond
Norwegian Air is planning a share issue and a $175 million bond, raising enough cash to meet the struggling budget airline’s needs through 2020 and beyond, it said on Tuesday.
AT&T will pay $60 million over U.S. allegations it lied in ‘unlimited data’ pledge: government
AT&T will pay $60 million to resolve U.S. allegations it misled millions of smartphone customers by charging them for “unlimited” data plans but reducing data speeds if they used too much, the Federal Trade Commission (FTC) said on Wednesday.
Trump tariffs cost China $35 billion, hurt both economies: U.N.
A trade war between the world’s top two economies cut U.S. imports of Chinese goods by more than a quarter, or $35 billion, in the first half of this year and drove up prices for American consumers, a U.N. study showed on Tuesday.
From cat videos to credit cards, Amazon says customers have to secure own data
Amazon’s cloud computing customers have to decide themselves how best to protect sensitive information online, a senior executive said on Tuesday, following accusations by U.S. lawmakers that the web giant has not done enough to secure data on its serv…
Peloton feels the burn as post-IPO results point to more losses
Shares in exercise bike fitness startup Peloton Interactive sank 7% on Tuesday as the newly listed firm forecast a loss for fiscal 2020 and said it was choosing to focus on growth over profit for now.
Stock rally stalls, oil and dollar march higher on trade hopes
The U.S. dollar and crude prices rose on Tuesday, spurred by ongoing optimism a U.S.-China trade deal may be near, but a rally in global equity markets stalled as China pressed U.S. President Donald Trump to remove recently imposed tariffs.
