20 January, 2016 by The TZ Newswire Staff Comments Off on U.S. congressional committee subpoenas ex-drug CEO Shkreli
U.S. congressional committee subpoenas ex-drug CEO Shkreli
WASHINGTON/NEW YORK (Reuters) – A U.S. congressional committee has demanded that former drug executive Martin Shkreli appear at a hearing on drug prices to testify about his former company’s decision to raise the price of a lifesaving medicine by more than 5,000 percent, congressional aides said on Wednesday. Shkreli, who is separately facing federal criminal charges that he defrauded investors, has been served with a subpoena to appear on Jan. 26 before the U.S. House of Representatives’ Committee on Oversight and Government Reform, the aides said.
20 January, 2016 by The TZ Newswire Staff Comments Off on Kinder Morgan swings to loss on $1.15 billion charge
Kinder Morgan swings to loss on $1.15 billion charge
U.S. pipeline giant Kinder Morgan Inc swung to a fourth-quarter loss, hurt by a $1.15 billion in impairment charges due to falling commodity prices. The company said it cut its 2016 capital budget to $3.3 …
20 January, 2016 by The TZ Newswire Staff Comments Off on DoubleLine’s Gundlach: Stock, credit declines suggest margin calls
DoubleLine’s Gundlach: Stock, credit declines suggest margin calls
In a telephone interview, Gundlach said he did not expect the high-yield junk bond market to bottom out unless the volatility index rises over 40. “This is not stopping any time soon,” Gundlach said. The CBOE Volatility Index was up more than 17 percent mid-day Wednesday to 30.56.
20 January, 2016 by The TZ Newswire Staff Comments Off on Goldman Sachs sees M&A business weathering market slump
Goldman Sachs sees M&A business weathering market slump
The Wall Street firm, which last year topped the global dealmaking charts, is not yet concerned about the impact declining oil prices and China’s slowing economy will have on dealmaking. “We’ll have to see, obviously, if markets stay under stress … but we wouldn’t say that two weeks of volatile markets would stop a pretty powerful M&A trend,” Goldman CFO Harvey Schwartz said on the bank’s fourth-quarter analyst call on Wednesday. The need for Goldman to maintain a strong business advising companies on deals is crucial.
20 January, 2016 by The TZ Newswire Staff Comments Off on Goldman Sachs sees M&A business weathering market slump
Goldman Sachs sees M&A business weathering market slump
The Wall Street firm, which last year topped the global dealmaking charts, is not yet concerned about the impact declining oil prices and China’s slowing economy will have on dealmaking. “We’ll have to see, obviously, if markets stay under stress … but we wouldn’t say that two weeks of volatile markets would stop a pretty powerful M&A trend,” Goldman CFO Harvey Schwartz said on the bank’s fourth-quarter analyst call on Wednesday. The need for Goldman to maintain a strong business advising companies on deals is crucial.
20 January, 2016 by The TZ Newswire Staff Comments Off on Can Intuitive Surgical, Inc. Keep Its Winning Streak Going?
Can Intuitive Surgical, Inc. Keep Its Winning Streak Going?
With earnings already pre-released, here’s what investors should be looking for.
20 January, 2016 by The TZ Newswire Staff Comments Off on Can Intuitive Surgical, Inc. Keep Its Winning Streak Going?
Can Intuitive Surgical, Inc. Keep Its Winning Streak Going?
With earnings already pre-released, here’s what investors should be looking for.