Walgreens And VillageMD To Open 500-700 Physician-led Primary Care Clinics

Pharmacy chain Walgreens Boots Alliance, Inc. will buy a nearly 30 percent stake in primary care services provider VillageMD and open VillageMD physician-led primary care clinics in up to 700 of its stores, the companies said Wednesday. Walgreens said it will offer full-service doctor offices co-located at its stores at a large scale, following a […]

Stryker Extends Cash Tender Offer For Wright Medical To August 31 – Quick Facts

Stryker Corp. (SYK) said Monday that its indirect, wholly owned subsidiary, Stryker B.V., has extended the offering period of its previously announced cash tender offer for all outstanding ordinary shares of medical device company Wright Medical Group N.V. (WMGI). The tender offer was made following the purchase agreement, dated November 4, 2019, among Stryker, Stryker […]

Apparel exports slide 73% in April-May

Major buyers in U.S., EU cancelling orders or invoking force majeure; industry demands govt. support Textile and apparel exports during April and May this year declined 73.1% (in dollar terms) compared with the same months last year, according to quick estimates of exports released recently by the Ministry of Commerce. Textiles and apparel worth $6,066 […]

Passenger vehicle sales decline 87% in May as lockdown hampers offtake: FADA

Two-wheeler sales declined 88.8% to 1,59,039 units last month as compared with 14,19,842 units in May 2019. Automobile dealers’ body FADA on Thursday said passenger vehicle (PV) retail sales in May declined 86.97% to 30,749 units as compared to same month last year, hit by coronavirus-led lockdown. Also read: Virus has pushed auto market back […]

Wipro, IBM collaborate to help clients accelerate their cloud journeys

Launch of Wipro IBM Novus Lounge in Bengaluru will foster innovation and build industry solutions leveraging Cloud, AI, ML and IoT Wipro Limited, a leading global information technology, consulting and business process services company, on Monday announced a collaboration with IBM to assist it’s customers to embark on a seamless and secure hybrid cloud journey. […]

PG&E Corp preparing $11 billion debt financing: investor

Fox Business Flash top headlines for June 5 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. California utility PG&E Corp is preparing an $11 billion debt-financing package as it prepares to exit from its bankruptcy, an investor involved with the company's funding plan said on Friday, sending its shares up more […]

Ashok Leyland develops low-cost ventilator

Production to start by early June Ashok Leyland Ltd. (ALL), the flagship company of the Hinduja Group, has developed a low-cost ventilator which it would start manufacturing by early June 2020. “We have developed a first-mile ventilator. Usually, it is called a respirator. We have mechanised it and converted it into a ventilator using sensors […]

Firms bet on strict hygiene, Aarogya Setu app as they look to resume production

Sanitisation tunnels, temperature checks, masks along with a long list of dos and don’ts will be the new norm at manufacturing plants. Sanitisation tunnels, temperature checks, masks along with a long list of dos and don’ts are set to become the new normal at manufacturing plants across the country at least in the medium term […]

Saudi Energy Minister denies US shale industry was a target as oil collapsed

Saudi energy minister: We want shale industry to prosper Saudi Energy Minister Prince Abdulaziz bin Salman tells FOX Business’ Maria Bartiromo that he was “never” looking to put the shale industry out of business. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below Saudi Arabia […]

Coal India’s dispatches drop, output increases

Inventories rise at mines, power plants India’s largest coal producer Coal India Ltd. (CIL) has seen a 10% fall in dispatches in March 2020 due to a sharp fall in demand from the power sector, leading to an increase in inventories both at power plants and coal mines. This comes amid production rising up 6.5% […]