Friday, 12 November 2021

Reuters Business: Wall Street ends higher with boost from big tech

Wall Street ends higher with boost from big tech

Wall Street stocks closed higher on Friday, with market-leading growth shares kick-starting indexes' climb as investors looked past disappointing U.S. economic data.

S&P Global, IHS win U.S. antitrust approval for deal with conditions -court filings

S&P Global Inc and IHS Markit Ltd have won U.S. antitrust approval for their planned merger, with divestitures, the Justice Department said in a statement.

Wall Street ends higher with boost from big tech

Wall Street stocks closed higher on Friday, with market-leading growth shares kick-starting indexes' climb as investors looked past disappointing U.S. economic data.

Dollar dips but shows biggest weekly gain in almost 3 months

The U.S. dollar lost a little ground on Friday as high inflation wreaked havoc on consumer sentiment, but the greenback was on track for its biggest weekly gain in almost three months after a surprisingly strong U.S. inflation print on Wednesday prompted investors to advance their bets for a U.S rate hike.

U.S. FTC approves modifications to Bristol Meyers Squibb divestiture agreement

The U.S. Federal Trade Commission said it approved certain modifications to Bristol Meyers Squibb's divestiture agreement that the FTC earlier approved and incorporated into its order as part of a consent required when the drugmaker acquired Celgene Corp in 2019.

How Johnson & Johnson became the sprawling healthcare giant it is today

Johnson & Johnson plans to spin off its consumer health division that sells Listerine and Baby Powder to focus on pharmaceuticals and medical devices in the biggest shake-up in the U.S. company's 135-year history.

Musk's $5 billion Tesla stock haul has charity circuit buzzing

The world's richest man suddenly has more cash than most people can spend in their lifetime. What will he do with it?

Wall Street advances, powered by big tech

Wall Street gained on Friday with market-leading growth stocks helping the indexes resume their climb as investors shrugged off disappointing economic data.

Reactions to J&J's plans to split into two companies

Healthcare conglomerate Johnson & Johnson is spinning off its consumer health division that sells Listerine and Baby Powder, to focus on the more-profitable pharmaceutical and medical device market.

NY Fed's Williams says fixed income households more affected by high inflation

Higher inflation does not affect all households equally, with people on fixed incomes taking a bigger hit, New York Federal Reserve Bank President John Williams said Friday.

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