Latest Health News

Tag: sector

  • Baker Hughes shares set to rise on GE deal: Barron’s

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    NEW YORK (Reuters) – Shares of oilfield services company Baker Hughes Inc could rise significantly if it completes its merger with General Electric Co's oil and gas division, according to a report in Barron's. The companies announced the deal last month, just as competition in the sector started to heat up after several years of…

  • Insurer AXA to sell 1.8 billion euros of tobacco assets

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    French insurer AXA plans to stop investing in the tobacco industry, citing the impact of smoking on public health, and said it plans to sell its 1.8 billion euros ($2.02 billion) of assets in the sector. AXA said it would divest its 200 million euros of equity holdings in tobacco companies immediately. It also plans…

  • UN says Sudan refuses to renew permit of senior humanitarian official

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    The United Nations said on Sunday that Sudanese authorities had declined to renew a permit for the head of its humanitarian coordination office in Khartoum, Ivo Freijsen, saying he was being effectively expelled from the country. A statement from the UN humanitarian country team in Sudan expressed “shock and disappointment at the de facto expulsion…

  • Biotech stock swoon sparks buyout interest: investor

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    The Nasdaq Biotechnology index fell 23 percent in the first three months of 2016, its worst quarterly performance since 2002, and remains down one-third from its all-time high, reached last July. Andy Acker, a portfolio manager at Janus Capital Group who helps oversee $7 billion in healthcare assets, says the sell-off led to a steep…