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Northrop Grumman spacecraft lifts off on ISS resupply missionExternal Link

Northrop Grumman's [s:noc] Cygnus spacecraft is on its way to the International Space Station on a resupply mission after launching early Saturday from NASA's Wallops Flight Facility on Virginia's Eastern Shore, the space agency said in a press release. The spacecraft, carrying about 7,400 pounds of cargo, launched on an Antares 230 Rocket on Northrop Grumman's 10th cargo delivery flight, and is scheduled to arrive at the orbital laboratory Monday. The contract mission will support dozens of new and existing investigations, contributing to some 250 science and research studies. Highlights from the new experiments include a demonstration of 3D printing and recycling technology and simulating the creation of celestial bodies from stardust, NASA said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Sat, 17 Nov 2018 17:19:35 GMT
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J. Crew CEO steps down, replaced by 4-exec 'Office of the CEO'External Link

J.Crew Group, Inc. said Saturday its CEO James Brett would step down immediately and be replaced by an Office of the CEO made up of four senior executives at the fashion retailer. A company press release said Brett's departure was by 'mutual agreement' of Brett and the company's board of directors. "Returning J.Crew to its iconic status required reinventing the brand to reflect the America of today with a more expansive, more inclusive fashion concept," said Brett. "However, despite the recent brand relaunch already showing positive results, the board and I were unable to bridge our beliefs on how to continue to evolve all aspects of the company." Brett's four replacements are Michael Nicholson, president and COO, Adam Brotman, president and chief experience officer, Lynda Markoe, chief administrative officer, and Libby Wadle, president of Madewell Brand. The Office of the CEO will manage the company's operations as the Board works to establish a permanent management structure, the company said. J. Crew is owned by a private-equity firm.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Sat, 17 Nov 2018 17:02:37 GMT
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Trump says he can get Pelosi the votes to win House speaker postExternal Link

President Donald Trump tweeted Saturday that he is willing to help Democrat Nancy Pelosi of California reclaim her position as speaker of the House following the Democrats' victory in midterm elections. "I can get Nancy Pelosi as many votes as she wants in order for her to be Speaker of the House. She deserves this victory, she has earned it -- but there are those in her party who are trying to take it away. She will win!" Pelosi as yet has no formal opposition to her bid, although a number of newly elected Democrats have called for a changing of the guard in party leadership. The Democratic caucus in the House will vote on its leadership team Nov. 28, following the Thanksgiving recess.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Sat, 17 Nov 2018 15:42:10 GMT
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Beyond Meat files for IPOExternal Link

Beyond Meat Inc. filed documents late Friday signalling plans to list its initial public offering on the Nasdaq under the symbol BYND. The El Segundo, Calif.-based food company reported third-quarter net losses of $9.3 million on sales of $26.3 million; its losses widened from $7.2 million on sales of $9.4 million in the year-earlier period. In the Securities and Exchange Commission filing, the company said it plans to raise $100 million, but that number is often a placeholder which it will update as it gets closer to listing the stock. Goldman Sachs, J.P. Morgan and Credit Suisse are among the banks listed as underwriters for the offering.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Sat, 17 Nov 2018 00:50:09 GMT
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Pfizer to raise prices on 41 drugs: reportExternal Link

Pfizer plans to raise the list prices of 41 of its prescription drugs, or 10% of its portfolio, in January, The Wall Street Journal reported Friday, citing a person familiar with the matter. Most of the increases will be around 5% and would take effect Jan. 15, the person said, according to the WSJ. Pfizer rolled back some increases in July under criticism from President Donald Trump, but earlier this month Chief Executive Ian Read said Pfizer was likely to go back to price hikes in January. Shares of Pfizer rose 0.1% in the extended session Friday after ending the regular trading day up 0.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 16 Nov 2018 21:35:35 GMT
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