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Cipla puts biosimilar business on backburner as part of business rationalisation

Drug maker Cipla said it will stop plans to manufacture biosimilar drugs in-house as part of company-wide restructuring that involves exiting non-core and low profit businesses. “We realised that manufacturing (of biotech drugs) is not important,” said Umang Vohra, Managing Director and Global Chief Executive Officer of Cipla. “There are enough efficiencies in the biotech system outside of our own,” ... Read More »

Lack of Workers, Not Work, Weighs on Utah’s Economy

Juan Guerrero, right, and Joseph Waseme securing materials on a truck bed at a Roofers Supply lot in Salt Lake City. The company needs at least 15 more drivers to meet demand, but has had trouble finding workers.CreditKim Raff for The New York Times SALT LAKE CITY — Stephanie Pappas and her brothers built their roofing supply company in this ... Read More »

Why stock-market investors should keep an eye on these diverging indexes

Stocks of trucking companies are a bet on the broader economy While the S&P 500 and Nasdaq Composite set fresh records on Monday, there is one red flag signaling the potential for a stock-market pullback in the near term, according to Sam Stovall, chief investment strategist at CFRA. Since early March, the Dow Jones Transportation Average DJT, +0.73% which is ... Read More »

Trump’s grade on the economy: a B, for now

More than anything else, the performance of the economy during the next several years is likely to determine whether Donald Trump succeeds or fails as president. So how’s he doing? And how should we measure his success in the future? Well, for starters, the economy has earned a solid B since Trump took office in January, according to an exclusive ... Read More »

Living on a Boat in Florida

Living on a boat is a lifestyle dream for many people in Florida. It offers a sense of freedom from day to day stresses of city living and affords financial benefits to cut down living expenses. If your dream includes living on the water, there are back cove yachts for sale that can help you achieve those dreams. Florida liveaboard ... Read More »

4 Tips for Improving Safety on the Manufacturing Floor

According to the U.S. Bureau of Labor Statistics, the manufacturing industry receives an average of about 400,000 reports for non-fatal injuries and a little over 300 cases of work-related fatalities each year. With over 12 million people employed in the industry, that means 3 out of every 100 workers get involved in work-related accidents. Each work-related accident in the manufacturing ... Read More »

Plunging oil prices show OPEC has lost its grip on the market

OPEC is widely expected to extend production cuts that initially boosted oil futures above $50, but prices just keep falling. That raises concerns that oil prices could struggle to return to their 2017 highs in the mid and upper $50s even if the Organization of the Petroleum Exporting Countries carries over the output reductions through the second half 2017 when ... Read More »

SBI Refuses To Share Information On Money Stashed In Suspended Accounts

New Delhi: The SBI has declined to share the quantum of money lying in suspended bank accounts in which the interest amount of customers, who do not claim it due to religious reasons, is kept. Replying to an RTI query, the State Bank of India (SBI) said it does not maintain such information in its database “in normal course of ... Read More »

Coal India Considering Listing On London Stock Exchange

New Delhi: Coal India Ltd, the world’s largest coal miner, is considering a listing on the London Stock Exchange and has had early discussions with the LSE, three sources with direct knowledge of the matter said on Thursday. A listing by the state-controlled miner would be a boost for the LSE as it looks to attract companies following Britain’s vote ... Read More »

Buy, Sell, Hold Analysts have these 4 stocks on their radar today

Citi maintained its buy call on the stock with an increase in its bull case target to Rs 1,923 due to higher Jio valuation and lower peak net debt. It believes that the company’s outperformance could sustain as the earnings are an at an inflection point. Among key risks to the stock are weakening in refining fundamentals and global petrochemical ... Read More »