Tag Archives: BMY

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Bristol-Myers Squibb Expansion to Add 350 Jobs

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By The Associated Press

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NEW YORK — Drugmaker Bristol-Myers Squibb plans to spend about $250 million expanding a manufacturing complex it opened in 2009 for biologic treatments.

The New York company said Thursday that it will add two buildings to an 89-acre campus in Devens, Mass. One will be dedicated to the development of processes for the early production of biologic medicines. The second will house manufacturing for investigational drugs produced for clinical trials.

Biologic treatments are made from living cells instead of a chemical formula, and Bristol-Myers said they’re playing a growing role in its development of new therapies.

The expansion work will start later this year and be completed in 2015. Bristol-Myers Squibb Co. (BMY) expects to add 350 employees to the Devens location.

The complex opened in 2009 and has been used for large-scale bulk manufacturing of biologic treatments.

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From: http://www.dailyfinance.com/2013/04/12/bristol-myers-squibb-adds-jobs/

Business, Finance, Occupation & Industry

Media Digest (3/4/2013) Reuters, WSJ, NYT, FT, Bloomberg

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By 24/7 Wall St.

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President Obama suggests cuts in Social Security and Medicare to end a battle over budget cuts. (Reuters)

Bristol-Myers Squibb Co. (NYSE: BMY) may try a large acquisition to improve its fortunes. (WSJ)

Spending among wealthy households rises with stock market gains and higher wages, as lower income households struggle with high gasoline prices and higher taxes. (WSJ)

Worse-than-expected budget data causes Portugal to ask for better bailout terms. (WSJ)

Global app revenue will rise 62% to $25 billion this year. (WSJ)

A modest drop in oil prices may help Exxon Mobil Corp.’s (NYSE: XOM) M&A efforts. (WSJ)

Google Inc. (NASDAQ: GOOG) may move into desktops with Android and disrupt the profits of Intel Corp. (NASDAQ: INTC) and Microsoft Corp. (NASDAQ: MSFT). (WSJ)

Budget cuts may hurt jobs but are unlikely to harm corporate profits or the stock market. (NYT)

The reasons for many cyber attacks are not known. (NYT)

Transocean Ltd. (NYSE: RIG) may reinstate its dividend. (FT)

The sales of the Fiat 500 moved ahead of the Mini. (Bloomberg)

China luxury car sales could move ahead of those in the United States by 2016. (Bloomberg)

Apple Inc.’s (NASDAQ: AAPL) iWatch product could make more than its foray into TV. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BMY, GOOG, INTC, MSFT, RIG, XOM

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Notable ETF Inflow Detected – VHT, BMY, ESRX, MDT

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By ETFChannel.com Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Health Care ETF (AMEX: VHT) where we have detected an approximate $53.0 million dollar inflow — that’s a 4.8% increase week over week in outstanding units (from 14,619,152 to 15,319,152). Among the largest underlying components of VHT, in trading today Bristol-Myers Squibb Co. (NYSE: BMY) is down about 0.1%, Express Scripts Holdings Co (NASD: ESRX) is down about 0.7%, and Medtronic, Inc. (NYSE: MDT) is up by about 0.4%. For a complete list of holdings, visit the VHT Holdings page »
Source: FULL ARTICLE at Forbes Markets

Business, Finance, Occupation & Industry

Notable ETF Outflow Detected – HDV, MO, MCD, BMY

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By ETFChannel.comLooking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares High Dividend Equity Fund (AMEX: HDV) where we have detected an approximate $94.0 million dollar outflow — that’s a 4.2% decrease week over week (from 37,950,000 to 36,350,000). Among the largest underlying components of HDV, in trading today Altria Group Inc (NYSE: MO) is off about 0.6%, McDonald’s Corp (NYSE: MCD) is down about 0.8%, and Bristol-Myers Squibb Co. (NYSE: BMY) is lower by about 0.2%. For a complete list of holdings, visit the HDV Holdings page »
Source: Forbes Markets