Career News 24/7: Before the Bell: Novartis reshapes business via deals with GSK and Lilly

Tuesday, April 22, 2014

Before the Bell: Novartis reshapes business via deals with GSK and Lilly

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04/22/2014

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Novartis reshapes business via deals with GSK and Lilly

ZURICH/LONDON (Reuters) - Swiss drugmaker Novartis announced a multi-billion dollar revamp on Tuesday, swapping assets with GlaxoSmithKline and selling its animal health arm in a bid to simplify its business and increase its focus on high-margin cancer medicines.

GM seeks court protection against ignition lawsuits

(Reuters) - General Motors Co filed a motion in a U.S. bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class action lawsuit that seeks to set aside the restriction.

United Tech posts profit ahead of Street, more bullish on 2014

(Reuters) - United Technologies Corp reported a lower quarterly net profit on Tuesday, weighed down by restructuring costs, but the diversified manufacturer's profit and revenue topped Wall Street's forecast.

Futures flat, but Netflix jumps in premarket

NEW YORK (Reuters) - U.S. stock index futures were flat on Tuesday as investors found few reasons to continue buying after a five-day rally in the S&P 500, though Netflix jumped following its earnings results.

Lockheed boosts profit 23 percent, lifts '14 outlook

WASHINGTON (Reuters) - Lockheed Martin Corp , the Pentagon's largest supplier, on Tuesday reported a 23 percent jump in operating profit and earnings per share in the first quarter, and raised its earnings outlook for the full year by 25 cents.

Comcast's profit rises; company adds video subscribers

(Reuters) - Comcast Corp, the largest U.S. cable operator, posted higher first-quarter revenue and net income on Tuesday showing it could add video subscribers for two quarters in a row, a rare sight in the cable industry.

McDonald's profit falls as U.S. same-restaurant sales slip

(Reuters) - McDonald's Corp posted a lower quarterly profit on Tuesday as sales at the fast-food chain's established U.S. restaurants fell more than expected on fewer customers.

Norwegian Air cabin crew threaten strike

OSLO (Reuters) - Norwegian Air Shuttle cabin crew members could go on strike as soon as next week if mandatory government mediation over pensions and the carrier's recent reorganization fail, labor union Parat said on Tuesday.

Harley-Davidson posts higher-than-expected profit

(Reuters) - Harley-Davidson Inc posted a stronger-than-expected quarterly profit on Tuesday, lifted by strong sales growth outside its core North American market, and its shares rose more than 7 percent.

Apparel retailer Bebe warns on results as sales slide

(Reuters) - Women's apparel retailer Bebe Stores Inc warned of a bigger-than-expected quarterly loss as extremely cold weather in parts of the United States cut sales.