Merck Lifts FY Revenue Guidance

Merck Lifts FY Revenue Guidance

Merck shares rose 1% in pre-market trade after the pharmaceutical company reported Q2 adjusted earnings of $1.01, up from $0.93 in the same period a year ago and topping the estimate of $0.87 from analysts polled by CapIQ. Total revenues of $9.93 billion were up from $9.84 billion in the same period a year ago and exceeded the Street projection of $9.75 billion. Merck maintained its FY adjusted EPS guidance […]

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Rexford Industrial Realty Acquires Industrial Property in California

Rexford Industrial Realty Acquires Industrial Property in California

Rexford Industrial Realty said pre-market Monday it has acquired 11190 White Birch Drive, an industrial property located in the Inland Empire West submarket in southern California, for $19.8 million, or about $99 per square foot. The acquisition was funded using the company’s line of credit. The industrial building contains 201,035 square feet on 9.27 acres of land and is 100% leased to a single tenant in the logistics industry on […]

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Honeywell Wins Contract

Honeywell Wins Contract

Honeywell International, a technology and manufacturing company, said Monday it has been selected by Farabi Petrochemicals Company to provide manufacturing technologies for a new biodegradable detergents facility in Saudi Arabia. Under the award, Honeywell UOP will provide catalysts and adsorbents as well as licensing, basic engineering and other associated services for the new complex. Shares were marginally lower in recent morning trade.

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WellCare Appoints Mark Leenay as Chief Medical Officer

WellCare Appoints Mark Leenay as Chief Medical Officer

WellCare Health Plans said pre-market Tuesday that it has named Dr. Mark Leenay to serve as its chief medical officer. Dr. Leenay will collaborate with senior leadership and the entire clinical organization to execute on WellCare’s clinical strategy with a particular focus on clinical integration and alignment of our physician leadership throughout the organization. Dr. Leenay joined WellCare in August, 2016 as chief medical director – care model. He has […]

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General Electric, YPF Secure Financing

General Electric, YPF Secure Financing

General Electric’s GE Energy Financial Services unit and YPF’s YPF EnergĂ­a Electrica unit secured $220 million financing for two jointly owned thermal power projects in Argentina, Tucuman and Loma Campana II. Citi, Credit Suisse and Export Development Canada jointly led the financing, the first for a power plant project in Argentina in almost 20 years, the companies said on Wednesday. The 267-megawatt Tucuman and the 107-megawatt Loma Campana II projects […]

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