Tolerance.ca
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations, Tolerance.ca® aims to promote awareness of the major democratic principles on which tolerance is based.

Top 3 Business Stories of the Day

McDonald’s Corporation will announce its first quarter 2014 earnings today. After the company’s disappointing performance last year, there is much skepticism surrounding its upcoming earnings. The company has been struggling to record good comparable sales figures. After a mere 20 basis point rise in comparable sales in 2013, it rose 1.4% in January, only to drop to -0.3% in February. Moreover, the rising commodity costs and relentless competition in the breakfast business may further lead to thinning margins. Harley-Davidson's first-quarter earnings rose 18.7 percent as motorcycle sales grew worldwide and efficiency efforts took hold. The Milwaukee company says global sales of new motorcycles grew 5.8 percent in the quarter as buyers responded to its new models. Its shares rose more than 7 percent in pre-market trading. Harley-Davidson posted net income of $265.9 million, up from $224.1 million a year ago. Motorcycle and related products revenue rose 11 percent to $1.57 billion. Yesterday in a move that returned attention to healthcare takeovers, Bill Ackman, CEO of the hedge fund Pershing Square Capital, announced a bold and unusual move by partnering with pharmaceutical company, Valeant Pharmaceuticals International to acquire a major stake in another biotech. In this case it is Allergan AGN, the makers of the injectable wrinkle-remover BOTOX, and several ophthalmic treatments. This morning the healthcare landscape restructures further as Novartis AG announced that it will purchase GlaxoSmithKline's cancer-drug business for $14.5 billion and will sell most of its vaccine business to GSK for $7.1 billion plus royalties

© DailyMotion -


Comment on this article!
To post a comment, we encourage you to become a member of Tolerance.ca® or log in if you are already a member. You can still post your commentwithout registering, but you will need to fill your personal information each time.

Become a member (free)   |   Log in

Postings are subject to the terms and conditions of Tolerance.ca®. Before submitting your message , you must read the Terms and conditions of Tolerance.ca® and agree to them by checking the box below.
Your name:
Email:
Heading:
Message:
 
  I have read and agree to the Terms and conditions of Tolerance.ca®.
Follow us on ...
Facebook Twitter