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Health Care Edging Lower in Recent Trade

June 14, 2019 at 2:57 pm

Health care stocks were slipping this afternoon, with the NYSE Health Care Index declining nearly 0.3% while shares of health care companies in the S&P 500 were down more than 0.2%. The Nasdaq Biotechnology index was falling almost 1.0%. Among health care stocks moving on news: (-) Seres Therapeutics (MCRB) dropped almost 29% to a worst-ever $2.02 a share afterRead More

US Factory Orders Nudge Lower as Demand for Nondurable Goods Declines

US Factory Orders Nudge Lower as Demand for Nondurable Goods Declines

June 4, 2019 at 2:51 pm

US factory orders fell in line with analysts’ estimates in April as a decline in demand for durable goods offset rising orders of nondurable items, which were bolstered by petroleum and coal. New orders for manufactured goods decreased by 0.8% to $499.3 billion in April, according to data published by the Census Bureau. This marked a departure from the revisedRead More

Amazon.com Interested in Boost Mobile, Wireless Spectrum Sold By T-Mobile, Sprint To Secure DOJ OK for Merger

Amazon.com Interested in Boost Mobile, Wireless Spectrum Sold By T-Mobile, Sprint To Secure DOJ OK for Merger

June 1, 2019 at 3:17 pm

Amazon.com (AMZN) is interested in buying prepaid cellphone wireless service Boost Mobile from T-Mobile US (TMUS) and Sprint (S), Reuters said, citing two sources familiar with the situation. Amazon is looking for an attached wholesale deal that would allow the buyer to use T-Mobile’s wireless network for at least six years, one of the sources told Reuters. Amazon would alsoRead More

Boeing’s 737 Max Update Doesn’t Include Hands-On Simulator Training, CNN Says

June 1, 2019 at 3:13 pm

Boeing’s (BA) training proposal for the 737 Max’s updated software includes computer lessons without mandated hands-on simulator training for pilots, CNN reported, citing sources. The aircraft maker drew flak from pilots and aviation consultants for only providing a short, self-administered online course and no simulator time. Prior to two accidents that killed more than 300 people, training requirements for 737Read More