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Allergan CEO opposes fundamental shift in strategy, shares fall

Botox maker Allergan’s shares fell 4.2 percent to $155.16 (112.8 pounds) in late-morning trading, and are down more than a third over the last year. Allergan has hired multiple advisers, Saunders said on a Monday conference call following the company’s quarterly earnings. It is considering five options: deploying capital to buy back shares, doing divestitures, splitting the company, making acquisitions, or continuing to operate Allergan as is. …read more […]

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Disney is rallying after the new Avengers movie blasts box office records (DIS)

Disney’s “Avengers: Infinity War” broke domestic and international weekend box office records, beating out “Star Wars: The Force Awakens” by more than $2 million. The super-hero flick was also one of the most expensive to produce, accounting for more than 5% of Disney’s Studio Entertainment costs last year. Watch Walt Disney shares trade in real-time here. …read more […]

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Gourmet burgers, global sales drive McDonald's results beat

A multiyear turnaround plan launched by Chief Executive Steve Easterbrook three years ago, has brought menu changes, new technology to stores and restaurant upgrades to drive more traffic. High-margin “gourmet” burgers which offer fresh and more expensive ingredients, costing $6 or $7 a time compared to the chain’s $1 to $3 value options, raised the overall average U.S. check value. Sales at McDonald’s U.S. restaurants rose 2.9 percent, topping analysts expectations of 2.7 percent, according to Thomson Reuters I/B/E/S. …read more […]

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Cosby juror: Comedian’s talk of quaaludes led to conviction

The jury that convicted Bill Cosby at his sexual assault retrial said that its decision was only influenced by what happened in court, and the youngest member of the panel said that the comedian’s own words sealed his fate. Harrison Snyder said in an interview aired Monday on ABC’s “Good Morning America” that Cosby’s deposition — in which he admitted giving women drugs to have sex with them — was the evidence that made him believe he was guilty. Mr. Cosby admitted to giving these quaaludes to women, young women, in order to have sex with them,” Snyder …read more […]

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Assad renews offensive as missile strikes raise escalation risk

The Syrian army unleashed a massive bombardment against one rebel enclave on Monday and prepared for the withdrawal of insurgents from another as President Bashar al-Assad pushes to crush the rebels’ last besieged strongholds. More than 140 Syrian army air strikes hit the town of Rastan and surrounding villages in the rebel enclave between the cities of Hama and Homs early on Monday alongside sustained shelling, the Syrian Observatory for Human Rights war monitor said. Last week a Syrian government minister said the enclave would be the army’s next target …read more […]