Health Care Shares Keep Nasdaq in the Green

Health Care Shares Keep Nasdaq in the Green

Health care stocks were helping to keep the Nasdaq Composite index near its break-even mark for today’s session, with the NYSE Health Care Index (^NYP) rising nearly 0.9% while shares of health care companies in the S&P 500 (XLV) were up more than 0.5% as a group. In company news, Dynavax Technologies (DVAX) declined Thursday after the biopharmaceutical company today said it was reshaping operations and its strategy – including […]

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Walt Disney CFO Expects Modest Earnings Growth in 2017

Walt Disney CFO Expects Modest Earnings Growth in 2017

Speaking at the Citi Internet, Media and Telecommunications Conference in Las Vegas, Walt Disney CFO Christine McCarthy said that she expects “modest earnings growth” in 2017 with programming costs projected to rise 8%, largely a result of ESPN’s new NBA deal. McCarthy added that the company expects to launch direct-to-consumer ESPN service in 2017 but it will not be a replacement to the ESPN linear networks. Turning to the movie […]

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