US Corporate Profits Rise Again With Recession Fear FadingÂ
US corporate profits are on the rise again following four straight quarters of declines, according to government data out Wednesday.
Bloomberg Business
Goldman Drums Up IPO Renaissance Hopes in Deals-Starved Market
A smattering of companies set to test the market for stock listings is igniting hopes across Wall Street.
Mallinckrodt Trust Says ‘Gruesome’ Opioid Payment Deal Was Best It Could Do
Representatives for opioid victims said they agreed to forgo the remaining $1 billion of payments they’re owed in a revised deal with Mallinckrodt Plc to ensure they at least get some of the funds the bankrupt drugmaker had promised injury claimants last year.
Gabon Junta Appoints Military Officer as Transitional President
Soldiers in Gabon appointed the head of the republican guard as the OPEC member state’s new leader, hours after placing President Ali Bongo under house arrest and annulling elections in which he secured a third term.
Wheat Edges Higher With Signs of Growing World Demand for Grain
Wheat rebounded, breaking a four-day losing streak, amid signs of increasing global grain demand.
Drug Distributors Ride Weight-Loss Hype But Valuations Stay Low
Lesser-known pharmaceutical distributors are quietly cashing in on the hype around Novo Nordisk A/S and Eli Lilly & Co.’s weight-loss drugs, without their valuations being bid up to the same lofty heights.
Tyson Taps Fresh Meats Head to Oversee Newly Created Supply Chain Center
Tyson Foods Inc. will centralize areas such as transportation and warehousing under fresh meats head Brady Stewart in the food giant’s latest effort to restore profits.
Mexico’s Femsa Sells $1.7 Billion Stake in Envoy in Latest Divestment
Mexico’s Fomento Economico Mexicano SAB sold a $1.7 billion stake in Envoy Solutions to BradyIFS as part of its plan to divest from non-core units.
Dell, HP, Foxconn Apply for India Aid in Local Production Push
Some of the world’s biggest tech companies, including Dell Technologies Inc., HP Inc. and Apple Inc. supplier Foxconn Technology Group, have applied for state aid to manufacture laptops in India.
Eramet to Resume Manganese Mining in Gabon After Coup
Eramet SA will restart production at its manganese mining operations in Gabon on Thursday, ending a temporary halt in the wake of the military coup in the country.