GW Pharmaceuticals Inc. reported revenue that topped the consensus estimates Tuesday, as the company’s marijuana-derived epilepsy drug continues to grow. GW Pharma GWPH, -3.04% shares slipped about 0.1% in the extended session. The company reported a fourth-quarter net loss of $24.9 million, which amounts to 7 cents a share, versus a loss of $71.9 million, or 20 cents a share, in […]
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Company to focus more on LCVs, international and defence businesses Commercial vehicle manufacturer Ashok Leyland Ltd. (ALL) has decided to scale down its operations to the level that prevailed three years ago to make it a much more resilient company. “The idea is to see that we don’t get into shrinking more because next year, the first quarter and second […]
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Cantor Fitzgerald said Monday it is sticking with its overweight rating on troubled Canadian cannabis company Aurora Cannabis Inc. ACB, -0.60%ACB, -0.90% because it expects the Canadian licensed producers to rerate in the year ahead. In a note to clients, analyst Pablo Zuanic said he’s comfortable with the recent actions taken by the company to shore up its balance sheet […]
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National CineMedia Inc. shares soared more than 16% Friday, after the cinema advertising network operator topped earnings estimates for the fourth quarter and surprised investors with a dividend hike. Centennial, Colorado-based National CineMedia NCMI, +16.00% posted net income of $19.1 million, or 24 cents a share, up from $16.3 million, or 21 cents a share, in the year-earlier period, topping the […]
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SYDNEY — Australia’s Qantas announced Thursday it will slash flights to Asia as the coronavirus crisis cuts into the airline and travel industries. The decision to reduce the carrier’s overall capacity to Asia by 16% until at least the end of May is expected to cut between 100 million and 150 million Australian dollars ($67 million-$100 million) from Qantas’ earnings […]
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It only took a couple inches of tape. Yes, two McAfee researchers, armed only with some black electrical tape, managed to trick a 2016 TeslaTSLA, +8.28%into a dangerous burst of acceleration by changing a speed limit sign from 35 m.p.h to 85 m.p.h. Apparently, the problem has been fixed, but only with the newer Tesla models. Here’s the video: “What […]
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Investors don’t fear Sen. Bernie Sanders as much as they do Sen. Elizabeth Warren in becoming the Democratic nominee for president. Both have proposed massive government spending, including an overhaul of the country’s health-care system, but Sanders has pulled ahead in primaries so far. Want evidence? Check out the following chart, provided by Marshall Gordon, a health-care industry analyst with […]
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A jury ruled against Bayer AG and BASF SE in a crop-damage case, awarding $265 million to a Missouri peach farmer who claimed the companies encouraged farmers to irresponsibly spray a hard-to-control weedkiller. Peach farmer Bill Bader sued the pesticide-and-seed makers after he said thousands of his fruit trees sustained damage in 2015 and 2016. The damage, he alleged, was […]
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Google is cutting an unspecified number of jobs at its cloud-computing business as part of a reorganization in hopes of enhancing operations and improving its standing in the booming market. The division of Alphabet Inc. GOOGL, +0.35%GOOG, +0.40% on Friday said it is eliminating a “small number of jobs,” and will find new jobs for those affected, according to a Wall […]
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