Amgen's CEO Discusses Q4 2012 Results - Earnings Call Transcript
Comment hidden due to low rating: Welcome to Donald Trump's America of RACIAL HATE towards MINORITIES... Barack Obama, I truly wish you were our President again. It has been an absolute honor and pleasure to have had you as our President. You sir have been a wonderful president, an exceptional president to be exact. History will remember you as one of the best, the blessing of the century, and once-in-a-lifetime president. Barack Obama we proudly salute you, the greatest son of Africa sent by God to bring some light into the grimness of our world. Whoever says bad things about him is actually insulting the whole Continent of Africa. Americans are lucky to have such a president for Obama did do a lot of good things for America. Obama has restored our country in the world community and has done all that he could considering what a mess Bush left him with, how Congress won't usually work with him. President Obama has done extremely better than his predecessors and we the People wish to have him forever. Obama is a good Samaritan for enacting the Affordable Care Act to help out millions of poor and elderly citizens. Obama is the TRUE Christian whereas Donald Trump and his Bible-thumping GOP folks are the FAKE followers of Christ. These jealous and angry GOP voters who hate President Obama because he is African and are making negative comments on him. It will be a very sad day in the world to see you go President Obama since you have served our country proud. You will be missed by millions of people all over the world. God bless you Sir and may Providence give you more wisdom to continue leading us. Stand tall and walk proud with your head up high Mr Obama for you have nothing to be ashamed of. You have done a great job despite all the GOP adversity. I have tremendous respect and admiration for you and your beautiful family Mr Obama. YOU WILL ALWAYS BE MY IDOL AND ROLE MODEL AND I WILL NEVER FORGET YOU !!!
The upscale grocery chain is valued at almost $12bn, but six straight quarters of declining sales have led to speculation of a takeover bid. Whole Foods’ share price has dropped by almost half since October 2013. Lunchtime customers at Whole Foods in Manhattan’s Union Square had little trouble expressing the shortcomings that have led the once high-flying, organic-focused retailer to become linked with a takeover.
Former partners in Chip Gaines Magnolia Real Estate Company claim that the HGTV star had started filming Fixer Upper and “conspired to eliminate” them after learning that the show would be successful, a new lawsuit alleges. John L. Lewis and Richard L. Clark are suing Gaines and others for more than $1 million, claiming that the TV star bought them out without telling them that he had made a deal with HGTV to air Fixer Upper, according to court documents obtained by PEOPLE.
US consumer debt is approaching a record 20% of GDP, and millennials owe most of it. Millennials — 21 to 34-year-olds — hold an estimated $1.1 trillion of the country's $3.6 trillion in consumer debt, according to UBS, as rising student and auto loans outweigh a drop in mortgages. There is already evidence that millennials are changing their spending habits on smaller items where, according to Lindsay Drucker Mann of Goldman Sachs Research, millennials are willing to search for the lowest price on an item or patiently wait for the right deal to pop up.
By Allison Lampert and Alwyn Scott MONTREAL/NEW YORK (Reuters) - Canada's Bombardier Inc hit back on Friday at rival U.S. planemaker Boeing Co's claim that it sold jets well below cost to win market share in the United States, the latest sign of increasing trade tensions between the two countries. The risk of the United States imposing a tariff, which would likely depress sales of Bombardier's newest jet, and concern over how big that tariff might be, unsettled investors, sending the Canadian company's shares down just over 4 percent. Boeing wants the U.S. government to investigate what it describes as rock-bottom prices for Bombardier's new CSeries aircraft, including an "absurdly low" sum of $19.6 million it says Delta Air Lines Inc paid for a jet costing $33 million to build.
The battle against anxiety disorders and panic attacks since childhood is the focus of Wall Street Journal contributor Andrea Petersen's forthcoming book, "On Edge." She describes fears of carrying out simple activities in life and traces mental illness through her family. Photo: Brian Stauffer
Verizon Communications Inc. (VZ) last week saw its shares tumble by 2.84% to maintain its position as the worst-performing stock among the 30 equities included in the Dow Jones Industrial Average. For the year to date, Verizon's shares are down 13.99%. The good news for investors is that Verizon's dividend yield is now 5.03%.
At a recent conference, retirement experts concluded that the lack of an easy drawdown mechanism in 401(k) plans was the major challenge facing the 401(k) system. In 2014, the Treasury Department and the IRS issued guidance that made longevity annuities accessible to 401(k) plans and that enabled target date funds to include annuity contracts either as a default or as a regular investment option. But individual plan sponsors feel under siege by lawsuits and see little payoff to being innovative. At the same time, Congress is unlikely to mandate that annuities be a part of 401(k) arrangements. So we are at a standstill. Millions of Americans — having been told that their retirement plans are automatic
With the launch of high-end and mainstream Ryzen CPUs in the rearview mirror, Advanced Micro Devices (NASDAQ: AMD) will report its first-quarter results after the market closes on May 1. Ryzen 7, AMD's attempt to compete with the best of Intel, became available on March 2, while the mainstream Ryzen 5 launched after the close of the first quarter. Beyond CPUs, AMD refreshed its mainstream Polaris GPU line in April, and it plans to roll out its high-end Vega GPUs and Naples server CPUs sometime during the second quarter.
Elizabeth Warren and Bernie Sanders are not happy about reports that former President Barack Obama will be paid $400,000 to speak at a September health care conference put on by the Wall Street firm Cantor Fitzgerald. Sanders' distrust of politicians receiving what he considers exorbitant paychecks for speaking to major investment banks is well known.
When the heedless Recip Tayyip Erdoğan ordered Turkish jets to bomb Kurdish targets in Syria and Iraq this week—ignoring vigorous American objections—he faced the Trump administration with a question it can’t flinch from much longer: Is Turkey turning from a longtime ally into adversary? Erdoğan’s repeated betrayals can no longer be shrugged off, given the key role Kurdish forces play in the anti–ISIS alliance. Americans know Kurdish militias are the most effective fighters in the war against the Islamic State.
Shares of Amazon have come a long way since the company's 1997 initial public offering. Since then, Amazon shares have sky rocketed 48,197% from their May 15, 1997 debut of $18 a share. Before Amazon was the "Everything Store" it was an online book store
Getting to the bottom of President Donald Trump's tax plan is difficult because it exists so far as bullet points on a single page, with no detail. Treasury Secretary Steve Mnuchin, in remarks Wednesday, channeled Trump's penchant for exaggeration. "This is going to be the biggest tax cut and the largest tax reform in the history of our country," Mnuchin contended.
French pharma giant Sanofi has been trying its best to snap up assets in the face of falling sales and competition for its flagship diabetes drug franchise. On Thursday, a number of tea leaves surfaced suggesting the firm may have rare disease specialist Sarepta Therapeutics in its crosshairs. Sarepta chief Ed Kaye announced that he’ll be stepping down from his perch (while remaining a Sarepta board member and director).
Apple is refusing to pay any royalties owed to mobile chip maker Qualcomm for some of the features in the iPhone, escalating a patent feud that has turned the former business partners into bitter adversaries. The latest twist in the dispute represents a major blow for Qualcomm, which depends on licensing fees for a large portion of its revenue. Apple's decision to withhold royalties will cost Qualcomm up to $500 million in the current quarter alone, based on revised revenue estimates that Qualcomm released Friday.
It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed: Halliburton Company: "I'm not going to give up on Halliburton. I liked that quarter very much. The chart's bad. People are really giving up on all the oils. I'll take some Halliburton if it gets to $42, $43. I think that's a good price." Royal Dutch Shell: "No, I thought they took on a bridge too far with that last acquisition. That's why I prefer Chevron, which had a pretty decent quarter today." Bank of the Internet USA: "I don't know. Too much risk there, my friend. I'd rather own JPMorgan. I think that's a little more, let's just say, strong." Boingo Wireless
Shares of luxury fashion brand Vince (NYSE: VNCE) tumbled nearly 40 percent Friday, after the company said it has "substantial doubt" about its ability to continue as a going concern for the next 12 months. Its warning comes roughly one month after struggling department store Sears (NASDAQ: SHLD) made the same statement in its annual filing with the Securities and Exchange Commission. A change in accounting regulations that went into effect during the first quarter now requires management teams to assess whether there are "conditions or events" that raise substantial doubt about their company's ability to stay in business for the next year.
U.S. Steel (X) lost a quarter of its value on Wednesday when it reported a surprise loss, and while some analysts have tried to defend the company, others have thrown in the towel. Illustration: Agence France-Presse/Getty Images Deustsche Bank, for instance, cut U.S. Steel to Hold from Buy yesterday, and today, Macquarie's Aldo Mazzaferro slashed his rating to Underperform from Neutral, a move that even I could see coming from a mile away. When U.S. Steel reported, Mazzaferro noted that he was "very disappointed," especially because he had only recently upgraded its shares to Neutral from Underperform. "We remain concerned that the company’s high-fixed costs, amplified by weak volumes and pricing,
The net worth of Amazon founder and CEO Jeff Bezos topped $80 billion for the first time on Thursday, leaving him just $5 billion below the #1 spot on the world's richest person list,.
Shares of master limited partnership Enbridge Energy Partners (EEP) were rising nicely Friday after the crude pipeline operator concluded a long-anticipated strategic review and announced a 40% distribution cut. It is also selling off its Midcoast gathering and processing business for $2.15 billion, which includes over a billion in cash plus debt of Midcoast Energy Partners (MEP). It also redeemed preferred stock and changed its incentive distribution rights.
As Berkshire Hathaway's (BRK-A) annual meeting approaches next week, Warren Buffett shared how hiring his two investment managers was "one of the best decisions" he ever made. Buffett hired Combs in 2010 and Weschler in 2011 to manage some of the company's funds. "They're chosen for both ability and character," Buffett said.
On April 11, offshore driller Seadrill Ltd (NYSE:SDRL) announced some very good news for a change. The company said, in a press release, that it had secured 10-year contracts for two offshore drilling vessels, worth $1.4 billion in long-term revenue. And while the company did sacrifice some short-term revenue, since the agreements included reductions in near-term dayrates, the contracts are an unequivocal win for Seadrill. But that doesn't necessarily mean they're a good thing for current Seadrill shareholders. Let's take a closer look at why investors shouldn't count on an upside. Seadrill's new contract extensions According to the release, Seadrill subsidiary North Atlantic Drilling reached
CEO Jack Dorsey has purchased an additional $9.5 million in Twitter shares — just two days after his company reported better than expected earnings for its first quarter. Dorsey bought 574,002 shares of Twitter on Friday, according to a filing with the SEC. Based on his exercised share price of $16.62 on Friday, Dorsey's latest purchases means that he now owns roughly $267 million worth of shares.
Republicans said they would push a short-term spending bill — essential to keeping the government open — through the House Friday with only GOP votes, if necessary. At the same time, a House GOP leader said late Thursday that there would be no vote on major GOP health care legislation until at least next week.
The fate of stock under President Trump was once considered something of a wild card. Apple CEO Tim Cook, after all, has clashed with Trump on everything from iPhone encryption to immigration, and was even reportedly on an early short list of potential running mates for Hillary Clinton. Apple shares have returned more than 20% since Trump entered the White House, making the tech company the best-performing stock in the Dow Jones industrial average during the first 100 days.
Rising crude prices helped Chevron Corp (CVX.N) and Exxon Mobil Corp (XOM.N) easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions. While cost cuts and asset sales provided a boost to both companies, the results highlighted the slowly improving dynamics for the energy industry as oil prices (CLc1) (LCOc1) have climbed more than 50 percent since early 2016. First-quarter results were especially robust at Exxon, with quarterly profit more than doubling to $4.01 billion, even as production fell 4 percent.