European Equity Benchmarks Close Higher

European Equity Benchmarks Close Higher

The broad-based major European markets closed higher in Friday’s trading session, buoyed by banks and utilities stocks, as the FTSE ended 2016 at a record high. In economic news, a new report found U.K. workers on zero-hours contracts face a “pay penalty” of GBP1,000 ($1,233) a year for the average worker, compared to permanent workers doing similar jobs, according to think tank the Resolution Foundation. The report said zero-hours contract […]

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Narrow Advance for Health Care Stocks

Narrow Advance for Health Care Stocks

Health care stocks were moderately higher Thursday afternoon, with the NYSE Health Care Index adding nearly 0.4% in value while shares of health care companies in the S&P 500 were up more than 0.2% as a group. In company news, American depository shares of Prima BioMed Ltd (PBMD) were slightly lower, reversing an earlier advance on Thursday that followed the cancer immunotherapy company saying an advisory panel has confirmed the […]

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McKesson Completes $2.1 Bln Acquisition of Rexall Health

McKesson Completes $2.1 Bln Acquisition of Rexall Health

McKesson, a healthcare services and information technology company, has completed its acquisition of Canadian pharmacy chain owner Rexall Health for C$2.9 billion ($2.1 billion). As part of the deal, McKesson has acquired approximately 470 retail pharmacies, and has agreed to divest stores in 26 local markets that the Competition Bureau of Canada identified during its review of the transaction. McKesson also announced today that Domenic Pilla has been appointed CEO […]

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Del Frisco’s Restaurant Group Names Brandon Coleman as Chief Marketing Officer

Del Frisco’s Restaurant Group Names Brandon Coleman as Chief Marketing Officer

Del Frisco’s Restaurant Group said Tuesday it has named Brandon Coleman as chief marketing officer, effective immediately. He will be responsible for driving the marketing strategy for all three chains within Del Frisco’s Restaurant Group: Del Frisco’s Double Eagle Steak house, Sullivan’s Steakhouse, and Del Frisco’s Grille, the company said on Tuesday.

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Financial Stocks Climbing Back Near Even

Financial Stocks Climbing Back Near Even

Financial stocks still were slightly lower Friday afternoon, with the NYSE Financial Sector Index declining about 0.1% while financial companies in the S&P 500 Index also were sinking by about 0.1%. In company news, NorthStar Asset Management Group (NSAM) advanced on Friday after the company last night declared a special dividend of $1.16 per share as part of its upcoming merger with Colony Capital (CLNY) and Northstar Realty Finance (NRF). […]

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Middle East Stocks Mostly Rise

Middle East Stocks Mostly Rise

Middle East shares mostly rose, with trading in Saudi Arabia still subdued as investors awaited the government’s 2017 budget. After the market closed there, the government said it cut its huge state budget deficit substantially this year and would increase government spending in 2017 to boost flagging economic growth, while reducing the deficit further. There was no immediate word from the government, however, on any specific fuel price changes, Reuters […]

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