Business

A slew of negative economic data weighed on investor sentiment on the final trading day of the week. IHS Markit’s flash euro zone composite Purchasing Managers’ Index (PMI) fell to 51.3 in March from 51.9 the previous month — analysts were expecting a reading of 52. French and German numbers also disappointed, with IHS’ PMI
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CVS Health CEO Larry Merlo told CNBC Thursday that the health chain is unlocking growth opportunities despite the stock’s downward trend since officially merging with Aetna in November. The company has made “tactical execution” changes to its long-term care business that has faced “intense financial pressure,” he said. The skilled nursing unit came from CVS’
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Sugary drinks may feed colon cancer tumors, according to a study published Thursday in the journal “Science.” High-fructose corn syrup feeds colon tumors in mice, suggesting that drinking soda may produce similar effects in humans, a study from Weill Cornell Medicine, a medical school, and NewYork-Presbyterian Hospital found. Researchers said early stage tumors were eating
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Shares in Inmarsat Plc jumped 17 percent on Wednesday after the British satellite operator said it was in talks about a $3.3 billion cash offer from a private equity-led consortium, opening up the possibility of a bidding war. The consortium, which initially included UK-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board
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Boeing CEO Dennis Muilenburg restated the aircraft maker’s commitment to safety on Monday night, as concerns grow about the second deadly crash of the manufacturer’s top selling Boeing 737 Max planes in less than five months. The executive said that Boeing will maintain its “relentless commitment to make safe airplanes even safer.” “We also understand
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Victoria’s Secret is back in the swimwear business — sort of. The lingerie retailer said Monday that its swim collection for 2019 is now available, but only online. “Due to overwhelming demand,” Victoria’s Secret said it just plans to sell pieces — a “limited assortment” — on its website, not in stores, for the upcoming
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Deripaska told CNBC that both countries are prepared to spend trillions of dollars on defense despite that more than half of such an expenditure was likely to be “unnecessary.” When asked whether the prospect of a change of president in the U.S. next year might present an opportunity for improved ties between Washington and Moscow,
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“It’s an emerging technology in the very, very early stages of commercialization,” said Dean Frankel, Solid Power’s head of business development. “It just takes time from a scale-up standpoint.” While some start-ups work toward perfecting and scaling up the solid-state battery, others like Sila Nanotechnologies hope to take advantage of current lithium-ion manufacturing processes to
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Microsoft has plenty of experience in the auto industry, beyond Volkswagen. The company has highlighted Aston Martin, Honda, Mazda and the Renault-Nissan Alliance as Azure customers, and Nadella said in a 2016 interview with the Wall Street Journal that Daimler, BMW, Ford and Toyota are “significant customers of ours.” “I’m very thrilled about all the
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Your greatest asset when applying for a job might be your social savvy. Four out of 5 employers polled by CareerBuilder say that soft skills, including communication abilities and critical thinking, are equal to or more important than hard skills — or specific technical abilities — when they’re hiring candidates. The employment website polled 1,021
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Jason Alden/Bloomberg | Bloomberg | Getty Images Pedestrians pass a logo outside Prudential Plc’s headquarters in London, U.K. Prudential said it was making “continued progress” in separating its British business, M&G Prudential, through a stock market listing, which market sources expect before the end of the year. “Given the extent of our opportunities and our
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