Hints and tips:
...By contrast J&J, which gets 84 per cent of its revenue from pharma and medical device sales, trades at about 18 times. J&J would keep at least 80.1 per cent of the voting shares after the spin-off....
...Smart reads One man’s trash . . ....
...Contentious votes are due at three other S&P 500 companies before the end of this month....
...Investors are co-ordinating more frequently on climate voting....
...$41.1m, according to S&P Capital IQ....
...Merck sold its consumer products division to P&G in 2018. A year later GSK and Pfizer formed a joint venture from their consumer products divisions, which they plan to spin off next year....
...Stern & Co, a longtime Berkshire shareholder....
...Cox Chairman & Chief Executive, Matson Inc Thomas B Crowley Owner & Chief Executive, Crowley Maritime Eli Glickman President & Chief Executive, ZIM Integrated Shipping Services Eric Hsieh Chief Executive...
...US stock futures recovered some of their earlier losses following the update, leaving S&P 500 futures down 0.9 per cent....
...Shares were boosted in early New York trading by almost 4 per cent to $145.42 on the news, exceeding the rise in the S&P 500.For the three months to March 31, the company reported adjusted earnings per share...
...In retail, it is hard to imagine that many big brands won’t follow J Crew into bankruptcy....
...Like-for-like sales at the company have declined in 11 of the past 16 quarters, according to S&P Capital IQ data....
...Macy’s balance sheet has long been in better shape than more distressed rivals, although the department store chain lost its investment grade rating from S&P Global last month and was cut further into junk...
...Stern & Co....
...That decline is far less than the wider S&P 500 pharmaceuticals index, which is down 28 per cent. Mr Younger says reputation is divided into capability and character....
...Shares in J&J rose 2.6 per cent to $140.06 in early trading in New York on Tuesday....
...At Thursday’s close, J&J was the seventh-biggest company in the S&P 500, with a market cap of $396bn....
...For both Barclays and J.P....
...The decline in J&J shares, along with a drop in P&G, dragged on the share price-weighted Dow Jones Industrial Average....
...Siemens has signed a memorandum of understanding on technology co-operation in large gas turbines with China’s State Power Investment Corporation....
...P&G has cut its agency and commercial production spending by $750m in the past three years and plans to increase that figure to $1.2bn by 2021....
...“Fashion is out of fashion,” says Rachel Golder, who co-heads the team investing in high yield debt and bank loans at Goldman Sachs Asset Management. “Retail . . . doesn’t bear debt very well....
...Citigroup, Credit Suisse, J.P. Morgan, Merrill Lynch and Russia’s VTB Capital are acting as Joint Global Coordinators and Joint Bookrunners for the listing....
...Letter in response to this article: The word ‘fintech’ is a contrast of two halves / From Alex J Pollock, Washington, DC, US...
...J&J’s shares were 0.1 per cent higher, while Zoetis was flat....
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