BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'prices'. (Return)

Reuters Company NewsOct 22, 2019
UPDATE 2-European stocks subdued by mixed corporate earnings and Brexit
* UK lawmakers vote at 1800 GMT on Brexit bill (Updates with closing prices)

MarketWatch MarketPulseOct 22, 2019
Biogen's stock surge increases value of recent stock repurchased by over $700 million
Biogen Inc. did a good job buying low, as the biotechnology company's stock rally on Tuesday has boosted the value of the shares repurchased over the past six months by about $708.6 million. The company said it bought back 3.1 million shares for a total value of approximately $718 million, which implies an average price paid of $231.61 per share. With the stock soaring 27% to $283.45, after the company said it would pursue regulatory approval of its treatment for Alzheimer's disease and following a big earnings beat, it would now take $878.7 million to buy back 3.1 million shares, or about $161.7 million more than Biogen paid. During the second quarter, the company had bought 10.4 million shares for about $2.4 billion, implying an average price paid of $230.77 per share. At current prices, it would cost $2.95 billion to buyback 10.4 million shares. The stock had plunged in March after the company said it would discontinue Phase 3 trials of its Alzheimer's drug. The stock has still lost 5.6% year to date, while the Dow Jones Industrial Average has gained 15.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessOct 22, 2019
Oil prices rise on prospects for U.S.-China trade deal
Oil prices rose on Tuesday after China signaled progress in trade talks with the United States, but gains were capped by bearish forecasts of a buildup in U.S. crude stockpiles.

RELATED ARTICLES
Oil rises on optimism about prospects for a U.S.-China deal (Reuters Business)
TRENDING TAGS
FacebookLibra Zuckerberg earnings reports Attorneys
earningsCall Transcript stock shares Q3
stockearnings Market trade falls Boeing
Stocksearnings trade Brexit making biggest
Sharesearnings profit fall Martin lower
WeWorkSoftBank Billion take Neumann Control
BoeingMAX production progress FAA needs
underArmour CEO Kevin Plank founder
TuesdayMarkets things Stock Fed earnings
tradeStocks US-China hopes oil Brexit

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2019 CEOExpress Company LLC