Qualcomm Disagrees with Taiwan Fair Trade Commission Decision

Qualcomm Disagrees with Taiwan Fair Trade Commission Decision

Qualcomm (QCOM) said Wednesday it disagrees with the Taiwan Fair Trade Commission’s claim the company’s business practices are in violation of Taiwanese competition law. Earlier, the Taiwan Fair Trade Commission had said the company must pay a fine of TWD23.4 billion ($774 million) for its pricing of chips and patents. The commission said the company has been violating antitrust rules for at least seven years, during which it made TWD400 […]

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Health Care Stocks Outpace Most Other Sectors

Health Care Stocks Outpace Most Other Sectors

Health care stocks attracted investor attention in defensive trade, with the NYSE Health Care Index Wednesday advancing nearly 0.4% while shares of health care companies in the S&P 500 were up almost 0.2% as a group. In company news, Aerie Pharmaceuticals (AERI) shares sped to a new record high on Wednesday, climbing over 19% to a best-ever $65.89 a share after a U.S. Food and Drug Administration advisory panel posted […]

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Energy Stocks Firm Near Closing Bell

Energy Stocks Firm Near Closing Bell

Energy stocks were holding on to a small advance this afternoon, with the NYSE Energy Sector Index rising almost 0.3% although shares of energy companies in the S&P 500 were up nearly 0.2% as a group. Crude oil for November delivery settled 30 cents higher at $51.30 per barrel while November natural gas futures was little changed at $2.89 per 1 million BTU. In company news, Cenovus (CVE,CVE.TO) climbed almost […]

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Wood Group Wins Five-Year Multi-Million Dollar Contract from Total

Wood Group Wins Five-Year Multi-Million Dollar Contract from Total

Wood Group (WG.L), a British oil services firm, has won a multi-million dollar contract from Total (TOT, FP.PA) for onshore maintenance services at the French oil company’s Lindsey Oil Refinery in North Killinghome, in the north-east of England. The five-year contract, which will begin on January 1 next year, includes the option to be extended by up to two years, the Aberdeen, Scotland-based company said in a stock-exchange statement on […]

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CryoLife to Buy JOTEC AG in Cash-Stock Deal

CryoLife to Buy JOTEC AG in Cash-Stock Deal

CryoLife (CRY) said it agreed to buy JOTEC AG for $225 million, subject to certain adjustments, consisting of 75% cash and 25% in CryoLife common stock. The transaction is expected to close later this year. It also said Q3 revenues were adversely affected due to the impact of the recent hurricanes on business in Florida and Texas, which it estimates to be approximately $1.0 million, and additionally due to the […]

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