Recent Posts

Amazon looms over drugstores as analysts see market entry

­­­­­­­­­­­Bloomberg Amazon.com Inc. is almost certain to enter the business of selling prescription drugs by 2019, said two analysts at Leerink Partners, posing a direct threat to the US’s biggest brick-and-mortar drugstore chains. “It’s a matter of when, not if,” Leerink Partners analyst David Larsen said in a report to clients. “We expect an announcement within the next 1-2 years.” ...

Read More »

House Russia probe calls Facebook,  Twitter for hearing

Bloomberg The House Intelligence Committee is asking officials from Facebook Inc., Twitter Inc. and Alphabet Inc.’s Google to testify publicly as part of its Russia probe on November 1, the same day as a planned Senate Intelligence hearing, according to two people familiar with the decision. That would set up a marathon day for the social media companies, which are ...

Read More »

GE’s post-Immelt exodus accelerates ‘succession’

Bloomberg General Electric Co.’s management overhaul marked the latest departures of high-profile executives from a company that has traditionally served as an incubator of corporate bosses. Chief Financial Officer Jeffrey Bornstein is leaving at the end of the year. Two other company veterans and GE vice chairs, Beth Comstock and John Rice, are retiring from the company. They’re following Steve ...

Read More »
Send this to a friend