Sunday, December 22

Tag: share price movement

Taisho Pharmaceutical Shares Surge on Management Buyout Offer
29Nov By adminNo Comments
World

Taisho Pharmaceutical Shares Surge on Management Buyout Offer

Nov. 28, 2023 11:17 pm ETTaisho Pharmaceutical shares surged for a third straight session on Wednesday after the Japanese drugmaker’s management offered to buy out the company.Shares were recently 15% higher at 8,699 yen ($58.99) after earlier touching Y8,727, the highest intraday level since July 2019. Shares have risen 57% since last Friday after market close, when the offer was announced.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Meituan Plans Share Buyback Valued at Up to $1.0 Billion
29Nov By adminNo Comments
World

Meituan Plans Share Buyback Valued at Up to $1.0 Billion

Updated Nov. 28, 2023 10:25 pm ETMeituan, a China-based shopping-and-delivery platform, plans to buy back its shares valued up to $1.0 billion, a day after announcing solid third-quarter results.The company said shares will be repurchased from the open market starting Dec. 1.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Slip, Pausing November Rally
28Nov By adminNo Comments
Money

Stocks Slip, Pausing November Rally

U.S. stocks inched down Monday, interrupting their November rally.  The S&P 500 declined 0.2%. The Dow Jones Industrial Average pulled back about 57 points, or 0.2%. The Nasdaq Composite edged less than 0.1% lower.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Bayer CEO Says Breakup Wouldn’t Fix All of the Company’s Ills
25Nov By adminNo Comments
World

Bayer CEO Says Breakup Wouldn’t Fix All of the Company’s Ills

BERLIN—Bayer Chief Executive Bill Anderson said the company would bounce back quickly from a recent spate of bad news, and warned that a breakup of the pharmaceutical and agricultural company was no universal cure for its ailments.A stream of negative news has rekindled calls from investors for Bayer to unlock value by spinning off its units into separate businesses. But in an interview with The Wall Street Journal this week, Anderson said the company couldn’t be distracted from the tough restructuring to fix the businesses.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Trade That Backfired for America’s Biggest Wood-Pellet Exporter
23Nov By adminNo Comments
Money

The Trade That Backfired for America’s Biggest Wood-Pellet Exporter

A wrong-way bet on the price of wood pellets has jeopardized America’s biggest exporter of the fuel, even though demand has never been higher among the European and Asia power plants burning wood instead of coal.Enviva said its gambit to buy pellets from a customer, and resell them for more, backfired when prices fell, and that nine-figure losses could trigger a default with its lenders by year-end.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Bayer Shares Tumble After Clinical Trial Failure, Loss in Roundup Case
20Nov By adminNo Comments
World

Bayer Shares Tumble After Clinical Trial Failure, Loss in Roundup Case

Updated Nov. 20, 2023 3:16 pm ETBayer shares fell sharply after the company stopped a late-stage study for a blood-thinning drug early because of lack of efficacy and was told to pay $1.56 billion in a lawsuit relating to its Roundup weedkiller.Bayer said late Sunday that it discontinued a Phase 3 clinical trial to test its experimental drug asundexian for prevention of stroke and systemic embolism for patients with the heart-rhythm disorder atrial fibrillation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Alibaba’s Spinoff Plans Fall to Earth
16Nov By adminNo Comments
World

Alibaba’s Spinoff Plans Fall to Earth

Alibaba’s shareholders finally got their first dividend. But that may not be enough to compensate for hiccups in its spinoff plan and slowing growth.The Chinese e-commerce giant on Thursday announced its first annual dividend since going public in 2014. The company will dish out around $2.5 billion—but that translates to only a 1.1% dividend yield using Wednesday’s closing price.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Continue to Rally, With Investors More Confident in a Soft Landing
15Nov By adminNo Comments
Money

Stocks Continue to Rally, With Investors More Confident in a Soft Landing

Growing evidence of a gradually cooling economy helped push stocks higher once again Wednesday. The S&P 500 rose 0.2%. The tech-heavy Nasdaq Composite gained 0.1%. The Dow Jones Industrial Average rose 0.5%, or around 164 points. Seven of the 11 sectors within the S&P 500 closed higher.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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