Tag: reuters
-
U.S. drugmaker Biogen’s profit beats Street; CEO to leave
(Reuters) – Biogen Inc's quarterly adjusted profit blew past Wall Street estimates on higher sales of its multiple sclerosis drugs, and the company said Chief Executive George Scangos would leave in the coming months. Shares of the company, whose board also authorized a $5 billion share repurchase program, rose about 5 percent to $276 in…
-
Judge makes no ruling on timing of Sumner Redstone competence trial
The battle over control of Sumner Redstone’s $40 billion media empire moved to a Massachusetts courtroom on Tuesday, where a state judge is mulling whether to move up the date of a trial questioning the 93-year-old’s mental competence. Probate and Family Court Judge George Phelan did not set a date for a trial over Redstone's…
-
Tenet sees competitors picking up UnitedHealth exchange business
Tenet Healthcare Corp , the third-largest U.S. for-profit hospital operator, expects other insurers to step in and absorb UnitedHealth Group Inc's share of the exchange market when the largest U.S. health insurance provider exits that business, company executives said on Monday. UnitedHealth, one of the biggest sellers of plans on the exchanges, last month said…