• The maker of Botox has turned to the oldest trick in the book to save its cratering stock

    27 days ago - By Business Insider

    To combat recent stock weakness, Botox-maker Allergan is resorting to the oldest trick in the book: share buybacks .
    On Monday, it authorized a $2 billion repurchase of its common stock, employing a tactic frequently used by companies to boost shares during times devoid of other positive catalysts.
    It's an interestingly-timed development, considering the hit absorbed by Allergan's drug pipeline on Friday, when the company received a "refusal to file" letter from US Food and Drug Administration. It came with regard to Allergan's application for Vraylar, a drug intended to treat the negative...
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  • The maker of Botox has turned to the oldest trick in the book to save its cratering stock

    The maker of Botox has turned to the oldest trick in the book to save its cratering stock

    27 days ago - By Business Insider

    To combat recent stock weakness, Botox-maker Allergan is resorting to the oldest trick in the book: share buybacks .
    On Monday, it authorized a $2 billion repurchase of its common stock, employing a tactic frequently used by companies to boost shares during times devoid of other positive catalysts.
    It's an interestingly-timed development, considering the hit absorbed by Allergan's drug pipeline on Friday, when the company received a "refusal to file" letter from US Food and Drug Administration. It came with regard to Allergan's application for Vraylar, a drug intended to treat the negative...
    Read more ...

     

  • Australia to create its own space agency for economic boost

    Australia to create its own space agency for economic boost

    27 days ago - By Stl Today

    CANBERRA, Australia - Australia announced on Monday it will create its own space agency to increase its share of the $330 billion space economy.
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  • Swiss ABB to buy unit from General Electric for $2.6 billion

    Swiss ABB to buy unit from General Electric for $2.6 billion

    27 days ago - By Stl Today

    GENEVA - Swiss robotics and industrial machinery maker ABB is buying the electrification services unit of U.S. conglomerate General Electric in a deal valued at $2.6 billion, boosting its presence in its crucial North American market.
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  • Swiss ABB to buy unit from General Electric for $2.6 billion

    27 days ago - By Chron

    GENEVA - Swiss robotics and industrial machinery maker ABB is buying the electrification services unit of U.S. conglomerate General Electric in a deal valued at $2.6 billion, boosting its presence in its crucial North American market.
    The deal between ABB, which provides high-tech equipment for the transport, utility and infrastructure industries, and GE is expected to close in the first half of next year.
    In a joint statement, the companies say the electrification services unit was not a "core business" for GE.
    The Swiss company expects the transaction to add to its bottom line within the...
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  • Allergan boosts shares with $2 billion buyback

    27 days ago - By Reuters

    U.S. drugmaker Allergan Plc on Monday authorized a $2 billion buyback of its common stock, sending its shares up after a week of grim news on its drug development pipeline.
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