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Pfizer, Array Biopharma, Boeing, Lockheed, Disney & more



Take a look at the headlines:

Pfizer – The drug maker buys Array Biopharma for $ 48 per share in cash or $ 11.4 billion, including debt. That's a 62% premium over Array's Friday deadline. Array specializes in the treatment of diseases that can not meet a great need, as well as cancer medicines.

Dennis Muilenburg, CEO of Boeing – Boeing, told reporters at the Paris Air Show that it will take some time to regain the trust of his customers The two fatal accidents involving the 737 Max Jet. He also said the company had failed to communicate with regulators and customers about problems with a cockpit warning system.

Greg Ulmer, managing director of Lockheed Martin-Lockheed, said he was not worried that the proposed merger of Raytheon and United Technologies would affect the F-35 program or pressure on profit margins. Ulmer is program manager for the F-35.

Walt Disney ̵

1; Disney was downgraded to "in-line" by "outperform" at Imperial Capital, with the stock gaining nearly 26% since its outperform rating in November.

Deutsche Bank – According to Reuters, Deutsche Bank plans to create a so-called "bad bank" to hold billions of non-core assets in the bank's trading business.

Alibaba – Alibaba proposes a stock split at a ratio of eight to one to increase flexibility in raising capital. The proposal will be presented at the annual convention of Chinese e-commerce giant on July 15.

Deere – RW Baird improved Deere from "neutral" to "outperform". Baird said the bad weather, which has driven up prices for corn and other commodities, will also boost demand for agricultural equipment.

Keane Group – Keane and competing oilfield services company C & J Energy announced an All-Goldman Sachs – Goldman will merge four of its units investing in private companies into one new company, according to the Wall Street Journal. According to the newspaper, the newly created unit would be almost as tall as KKR and about one-third the size of Blackstone.

Target – Target said they were online again after weekend failures that prevented shoppers from shopping some of their credit cards on Saturday. The retailer said none of the incidents had been caused by a cyberattack.

Papa John's – Dad John's dismissed KPMG as a Chartered Accountant and hired Ernst & Young. Earlier this year, KPMG said the pizza chain had no effective control over its financial reporting.

FedEx – China's state-run news agency Xinhua said the country's FedEx investigation should not be viewed as a retaliation for trade between the US and China. China has launched an investigation into packages destined for Huawei, the telecommunications giant, which was delivered to the wrong address.

Symantec – Symantec switched to "buy" from Neutral at Mizuho Securities in early 2018.

Keurig Pepper – BMO Capital upgraded the beverage maker's stock from "market performance" to "outperformance" and said the stock's haircut against its non-alcoholic competitors was now too high to ignore.


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