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Lilly Shares Drop As Cancer Therapy Lartruvo Fails Study

Lilly Shares Drop As Cancer Therapy Lartruvo Fails Study

Eli Lilly & Co. (NYSE: LLY) said on Friday its cancer treatment Lartruvo, approved on an accelerated basis in 2016, failed to improve patient survival in a long-term study and will no longer be prescribed, driving shares down 3%.The Company said..

Apple Partners With Amazon To Put Music Service On Echo

Apple Partners With Amazon To Put Music Service On Echo

Apple Inc. (NASDAQ: AAPL) and Amazon.com Inc. (NASDAQ: AMZN) announced on Friday that the iPhone maker’s music-streaming service will be coming to Amazon’s Echo devices in December.The move gets Apple Music onto the most popular voice-co..

Venture Capitalist Firm to Raise Next Largest European Fund

Venture Capitalist Firm to Raise Next Largest European Fund

Venture capitalist firm Lakestar is attempting to raise the next largest European fund for startup investments. Lakestar is targeting around USD 800 Million in investments, according to three people with knowledge of the matter. There’s no cer..

Investors Shrug Off Inflation Fears

Investors Shrug Off Inflation Fears

It is clear that equity market sentiment is not negatively influenced by the news of inflation rise in the United States. Stock markets all over the world went up. These showed resilience to all concerns regarding the overheated US economy. The effe..

International Stocks Up, Dollar Rebounds

International Stocks Up, Dollar Rebounds

International equity indexes went north on January 16, all set for wide gains. The European shares lighted up the way, taking their direction from positive trading trends in Asia-Pacific region. The US dollar also bounced up from its three year low ..

Lufthansa Buys Stake in Air Berlin

Lufthansa Buys Stake in Air Berlin

On Thursday, Lufthansa signed a $249 million deal to buy parts of Air Berlin to use their assets and quickly expand their Eurowings budget business. Following this announcement, shares of Lufthansa jumped more than 3% marking their highest level in ..

Volkswagen to Launch Online Sales

Volkswagen to Launch Online Sales

On Tuesday, Volkswagen AG (OTC: VLKAY) announced plans to reduce the size of their European dealer network and wants to launch online sales as they adjust to changing consumer buying habits. The company is looking to cut costs across all 12 brands f..