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Category Archives: Uncategorized

UK defense contractor BAE buying Ball’s aerospace division for $5.6 billion

Ball began shopping around its aerospace division earlier this year, looking for a deal that would help trim its nearly $10 billion in debt.

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Blue Shield of California taps Amazon, Mark Cuban’s Cost Plus Drugs for its pharmacy network

The nonprofit health insurer, with 4.8 million members, expects the move to the low-cost pharmacies will provide $500 million in annual savings on drug costs.

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Walmart raises full-year earnings forecast as grocery, online growth fuel higher sales

Walmart beat earnings and revenue expectations as it capitalizes on its low-priced reputation with consumers looking for value.

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CVS stock plunges after Blue Shield of California drops retailer’s pharmacy services to save on drug costs

Blue Shield’s announcement hints at the potential for health insurers to abandon the traditional pharmacy benefit management system.

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Diamond Sports calls for mediators as it pushes toward a reorganization plan

Diamond Sports wants mediators step into its conversations with creditors as it tries to solidify a reorganization plan ahead of the NBA and NHL seasons.

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Looming auto workers strike could cost $5 billion in just 10 days, new analysis says

A work stoppage by nearly 150,000 UAW workers would result in an economic loss of more than $5 billion after 10 days, according to Anderson […]

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Young people are at risk of harsh respiratory problems after 30 days of e-cigarette use, study says

Researchers urged drug regulators to consider the study findings and work to minimize the negative impact of electronic cigarette use on young people.

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Cava shares surge as Mediterranean restaurant chain swings to a profit in first report since IPO

Cava net sales soared 62% to $172.9 million, fueled by new restaurant openings.

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Broadcast and cable make up less than half of TV usage for the first time ever

Broadcast and cable TV usage dropped below 50% for the first time ever, according to recent findings from Nielsen.

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Disney accused of withholding hundreds of millions of dollars from ‘Avatar’ sequel financier

Disney has been accused of withholding profits from TSG Entertainment, a long-time financing partner of its 20th Century Fox studio.

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