News That Matters

Tag: sector

Health Care Sector Update for 06/22/2018: PDCO,MDT,RCKT

Finance
[unable to retrieve full-text content]Top Health Care StocksTop Health Care Stocks JNJ 1 38 JNJ 1 38 PFE 0 59 PFE 0 59 ABT 0 78 ABT 0 78 MRK 0 87 MRK 0 87 AMGN 0 16 AMGN 0 16 Health care stocks were mostly higher Friday including a more than 0 8 gain for the NYSE Health Care Index in recent trading Shares of Latest Articles in
Larger public sector banks may acquire smaller peers

Larger public sector banks may acquire smaller peers

Finance
NEW DELHI: The government has resumed discussions on public sector bank consolidation with some of the "larger and stronger" players such as Bank of Baroda (BoB), Canara Bank and Union Bank of India seen as potential candidates with which the smaller ones can be merged. Sources said that lenders such as IDBI Bank and Dena Bank are among those on the radar for a possible merger with some of the discussions in the banks having already started. "There are various options that are being explored but nothing has been finalised so far," said an official source, who did not wish to be identified. While the Narendra Modi government has been discussing the possibility of consolidation, it has failed to move beyond the merger of State Bank of India's (SBI's) associate banks with the parent. In addi...
U.S. energy sector braces for hurricane season

U.S. energy sector braces for hurricane season

Business
May 25 (UPI) -- While offshore segments were spared, the U.S. energy sector could be in for a rough year with forecasters expecting an above-normal hurricane season. Climate forecasters at the National Ocean and Atmospheric Administration, a division of the Commerce Department, predict a 40 percent chance of an average 2018 hurricane season and a 35 percent chance of an above-normal season. There's a 70 percent chance that as many as four hurricanes of category 3 or stronger will come from this year's Atlantic hurricane season. An average hurricane season produces one to three major hurricanes, characterized by winds stronger than 111 miles per hour. "It only takes one storm to devastate a community so now is the time to prepare," Daniel Kaniewski, the acting deputy administration at the...
SBI tightens noose around borrowers in jewellery sector

SBI tightens noose around borrowers in jewellery sector

Finance
State Bank of India, India’s largest lender, is tightening the noose around borrowers in the gems and jewellery sector by telling them to either bring in more collaterals to back the existing borrowings or reduce the size of it in a time-bound manner. The decision was driven by the board which directed the management to plug the gaps in risk mitigation system, especially for borrowers in the jewellery sector which has been in the eye of the storm after the Nirav Modi-led Rs 12,300 crore fraud was detected in Punjab National Bank. SBI has reviewed all loans given to jewellers in the wake of the Nirav Modi scam to find out whether adequate safeguards were taken while giving the loan. In case of divergence, the bank has written to its borrowers to raise the collateral level to at least 40-50%
Technology Sector Update for 01/22/2018: LFIN,ENTG,NUAN,TWOU

Technology Sector Update for 01/22/2018: LFIN,ENTG,NUAN,TWOU

Finance
Shutterstock photoTop Tech StocksMSFT +1.37%AAPL -0.83%IBM -0.18%CSCO +0.68%GOOG +1.17%Technology stocks were rising this afternoon, with shares of tech companies in the S&P 500 adding nearly 0.7% in value today while the Philadelphia semiconductor index was posting a more than 0.5% gain.Among technology stocks moving on news today:Longfin ( LFIN ) was more than 10% higher in late trade after Monday telling the market to disregard its previous announcement an unnamed institutional investor was taking a $ 52.7 million stake in the financial technology company by acquiring convertible note instruments. Longfin shares raced more than 15% higher soon after today's opening bell, reaching a session high of $ 48.80 a share, only to give almost all of those gains following its $ 9:59 a.m. ET ...