Facebook shows it’s still serious about virtual reality with new $399 headset

Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will go on sale this spring. Although virtual reality seems far from Facebook’s core market of social networking and its recent focus on private messaging, CEO Mark Zuckerberg reportedly believes it’s the “next major computing platform after mobile in about 10 years,” according to a 2015 email published by TechCrunch. The Rift S, although a modest update, proves that Facebo


Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will go on sale this spring. Although virtual reality seems far from Facebook’s core market of social networking and its recent focus on private messaging, CEO Mark Zuckerberg reportedly believes it’s the “next major computing platform after mobile in about 10 years,” according to a 2015 email published by TechCrunch. The Rift S, although a modest update, proves that Facebo
Facebook shows it’s still serious about virtual reality with new $399 headset Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: salvador rodriguez, glen chapman, afp, getty images, oculus rift s
Keywords: news, cnbc, companies, oculus, include, shows, rift, virtual, focus, feature, 399, reality, facebook, headset, serious


Facebook shows it's still serious about virtual reality with new $399 headset

Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will go on sale this spring.

Although virtual reality seems far from Facebook’s core market of social networking and its recent focus on private messaging, CEO Mark Zuckerberg reportedly believes it’s the “next major computing platform after mobile in about 10 years,” according to a 2015 email published by TechCrunch.

Last year, reports emerged that Facebook was going to ditch VR hardware that required a PC to function, which offers the best performance and is geared toward hardcore gamers, and instead focus on stand-alone headsets like the Oculus Quest. The Rift S, although a modest update, proves that Facebook has not given up on the market.

The new headset is the successor to the company’s original Rift headset and will include a higher resolution display, a new tracking feature called Oculus Insight and a feature called Passthrough+ that allows users to get a glimpse of their real-world surroundings without having to take off their headset. The Rift S will also include a halo headband that is designed to increase comfort.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: salvador rodriguez, glen chapman, afp, getty images, oculus rift s
Keywords: news, cnbc, companies, oculus, include, shows, rift, virtual, focus, feature, 399, reality, facebook, headset, serious


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Facebook shows it’s still serious about virtual reality with new $399 headset

Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will go on sale this spring. Although virtual reality seems far from Facebook’s core market of social networking and its recent focus on private messaging, CEO Mark Zuckerberg reportedly believes it’s the “next major computing platform after mobile in about 10 years,” according to a 2015 email published by TechCrunch. The Rift S, although a modest update, proves that Facebo


Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will go on sale this spring. Although virtual reality seems far from Facebook’s core market of social networking and its recent focus on private messaging, CEO Mark Zuckerberg reportedly believes it’s the “next major computing platform after mobile in about 10 years,” according to a 2015 email published by TechCrunch. The Rift S, although a modest update, proves that Facebo
Facebook shows it’s still serious about virtual reality with new $399 headset Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: salvador rodriguez, glen chapman, afp, getty images, oculus rift s
Keywords: news, cnbc, companies, oculus, include, shows, rift, virtual, focus, feature, 399, reality, facebook, headset, serious


Facebook shows it's still serious about virtual reality with new $399 headset

Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will go on sale this spring.

Although virtual reality seems far from Facebook’s core market of social networking and its recent focus on private messaging, CEO Mark Zuckerberg reportedly believes it’s the “next major computing platform after mobile in about 10 years,” according to a 2015 email published by TechCrunch.

Last year, reports emerged that Facebook was going to ditch VR hardware that required a PC to function, which offers the best performance and is geared toward hardcore gamers, and instead focus on stand-alone headsets like the Oculus Quest. The Rift S, although a modest update, proves that Facebook has not given up on the market.

The new headset is the successor to the company’s original Rift headset and will include a higher resolution display, a new tracking feature called Oculus Insight and a feature called Passthrough+ that allows users to get a glimpse of their real-world surroundings without having to take off their headset. The Rift S will also include a halo headband that is designed to increase comfort.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: salvador rodriguez, glen chapman, afp, getty images, oculus rift s
Keywords: news, cnbc, companies, oculus, include, shows, rift, virtual, focus, feature, 399, reality, facebook, headset, serious


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Gap bets the spin off of star performer Old Navy will sharpen its focus

In late February 2019, Gap Inc. announced plans to split into two separate publicly traded companies, sending its stock soaring on the hopes the new structure will help sharpen its focus and boost sales. The retailer said it would spin off its most successful brand, Old Navy, into a separate, publicly-traded company. With its inexpensive basics, Old Navy has consistently accounted for more than 40 percent of the company’s total annual sales. Its other brands, Gap and Banana Republic, will join m


In late February 2019, Gap Inc. announced plans to split into two separate publicly traded companies, sending its stock soaring on the hopes the new structure will help sharpen its focus and boost sales. The retailer said it would spin off its most successful brand, Old Navy, into a separate, publicly-traded company. With its inexpensive basics, Old Navy has consistently accounted for more than 40 percent of the company’s total annual sales. Its other brands, Gap and Banana Republic, will join m
Gap bets the spin off of star performer Old Navy will sharpen its focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: karin shedd
Keywords: news, cnbc, companies, navy, sharpen, brands, yeargap, companies, focus, performer, spin, old, star, gap, bets, separate, plans, company


Gap bets the spin off of star performer Old Navy will sharpen its focus

In late February 2019, Gap Inc. announced plans to split into two separate publicly traded companies, sending its stock soaring on the hopes the new structure will help sharpen its focus and boost sales.

The retailer said it would spin off its most successful brand, Old Navy, into a separate, publicly-traded company. With its inexpensive basics, Old Navy has consistently accounted for more than 40 percent of the company’s total annual sales. Its other brands, Gap and Banana Republic, will join much its smaller brands, Intermix, Athleta, and Hill City, to form an as-yet unnamed company. Gap also plans to buy high-end children’s clothing line Janie and Jack and fold that into the new company.

Despite the sharp spike on the announcement, Gap shares, which have a market value of just under $10 billion, are up less than 1 percent since the start of the year, and have fallen 20 percent over the past year.

Gap CEO Art Peck, who will remain with the executive of “NewCo,” said both companies should benefit from “a sharpened strategic focus and tailored operating structure.”

A Gap spokesperson wasn’t immediately available for comment.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: karin shedd
Keywords: news, cnbc, companies, navy, sharpen, brands, yeargap, companies, focus, performer, spin, old, star, gap, bets, separate, plans, company


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Asia markets: Brexit deal, pound and China economic data in focus

Asia Pacific markets traded mixed on Thursday after data showed growth in China’s industrial output fell. Overnight, British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place. The Nikkei 225 in Japan gave up its gains to finish flat at 21,287.02 while the Topix index fell 0.24 percent to 1,588.29. Data on Thursday showed China’s industrial output growth fell to a 17-year low in the first two months of the year, according to Reuters. The on-shore yuan traded


Asia Pacific markets traded mixed on Thursday after data showed growth in China’s industrial output fell. Overnight, British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place. The Nikkei 225 in Japan gave up its gains to finish flat at 21,287.02 while the Topix index fell 0.24 percent to 1,588.29. Data on Thursday showed China’s industrial output growth fell to a 17-year low in the first two months of the year, according to Reuters. The on-shore yuan traded
Asia markets: Brexit deal, pound and China economic data in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saheli roy choudhury, toshifumi kitamura, afp, getty images
Keywords: news, cnbc, companies, markets, fell, economic, china, asia, showed, midpoint, data, growth, brexit, focus, deal, traded, pound, output, industrial, chinas, index, yuan


Asia markets: Brexit deal, pound and China economic data in focus

Asia Pacific markets traded mixed on Thursday after data showed growth in China’s industrial output fell. Overnight, British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place.

The Nikkei 225 in Japan gave up its gains to finish flat at 21,287.02 while the Topix index fell 0.24 percent to 1,588.29.

In South Korea, the Kospi wavered between gains and losses to close up 0.34 percent at 2,155.68. Hong Kong’s Hang Seng Index was down 0.22 percent in afternoon trade.

Chinese mainland shares withdrew as the Shanghai composite fell 1.2 percent to 2,990.68 while the Shenzhen composite tumbled 2.311 percent.

Data on Thursday showed China’s industrial output growth fell to a 17-year low in the first two months of the year, according to Reuters. That further pointed to an economic slowdown in the world’s second-largest economy. But investments picked up pace as the government fast-tracked more road and rail projects, the news agency added.

Beijing has already pledged hundreds of billions of dollars in tax cuts and infrastructure spending to support the flagging economy.

The on-shore yuan traded at 6.7134 to the dollar at 2:44 p.m. HK/SIN after the People’s Bank of China set the day’s yuan midpoint at 6.7009. China’s central bank allows the currency exchange rate to rise or fall 2 percent from the midpoint rate.

Australia’s benchmark ASX 200 closed up 0.3 percent at 6,179.60.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saheli roy choudhury, toshifumi kitamura, afp, getty images
Keywords: news, cnbc, companies, markets, fell, economic, china, asia, showed, midpoint, data, growth, brexit, focus, deal, traded, pound, output, industrial, chinas, index, yuan


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Zuckerberg says he doesn’t know how his new vision for Facebook will make money yet

Mark Zuckerberg says he hasn’t fully worked out how Facebook will monetize its new strategy, though he is optimistic. The Facebook CEO unveiled his new vision for the company in a 3,000-word note published Wednesday. “The basic way that we’ve approached things is first to focus on building the consumer service that people really want,” Zuckerberg told Wired editor-in-chief Nicholas Thompson. The strategy lines up with plans Facebook confirmed in January to integrate messaging across three of its


Mark Zuckerberg says he hasn’t fully worked out how Facebook will monetize its new strategy, though he is optimistic. The Facebook CEO unveiled his new vision for the company in a 3,000-word note published Wednesday. “The basic way that we’ve approached things is first to focus on building the consumer service that people really want,” Zuckerberg told Wired editor-in-chief Nicholas Thompson. The strategy lines up with plans Facebook confirmed in January to integrate messaging across three of its
Zuckerberg says he doesn’t know how his new vision for Facebook will make money yet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lauren feiner, getty images
Keywords: news, cnbc, companies, facebook, money, users, platform, private, told, doesnt, really, know, focus, vision, zuckerberg, wired


Zuckerberg says he doesn't know how his new vision for Facebook will make money yet

Mark Zuckerberg says he hasn’t fully worked out how Facebook will monetize its new strategy, though he is optimistic.

The Facebook CEO unveiled his new vision for the company in a 3,000-word note published Wednesday.

“The basic way that we’ve approached things is first to focus on building the consumer service that people really want,” Zuckerberg told Wired editor-in-chief Nicholas Thompson. “Then focus on making it so people can organically interact with businesses, and then focus on paid ways that businesses can grow and get more distribution. So we’re still in the phase on this private messaging platform, of phase one, where we’re really focused on nailing the consumer experience.”

According to Zuckerberg, the future of social networking will be more about sharing private and ephemeral messages with a closer group of friends, rather than broadcasting information that could live on a platform for a long period of time to a wider range of people. The strategy lines up with plans Facebook confirmed in January to integrate messaging across three of its properties: Facebook Messenger, Instagram and WhatsApp. Facebook aims to build end-to-end encryption into all of these services, which would mean even Facebook would not be able to read messages sent between users.

In the Wired interview, Zuckerberg acknowledged that giving up access to user information will present a challenge when it comes to monetizing Facebook, but he said he is not too concerned since the company does not currently use messages sent through its services to target ads. Facebook makes money by allowing advertisers to target users with specific demographic traits and interests based on things they like on the platform and information they share about themselves like age and gender.

“Keeping metadata around for less time will have some impact, although I’m optimistic that we’ll build systems that can basically deliver most of the value with a fraction of the amount of data,” he told Wired. “But there’s a lot more to learn there, which we need to figure out over the coming years as we build this out.”

Facebook has a few monetization options that it has hinted at over the past year. Zuckerberg has signaled a stronger focus on Stories, the Snapchat-like feature that lets users post photos and videos that can disappear after 24 hours.

On a call with analysts after Facebook’s third-quarter 2018 earnings report, Zuckerberg said he believes Stories “is the future.” While Facebook has not clearly laid out a monetization plan for that feature either, he said he believes Stories will eventually “be bigger” than the platform’s News Feed.

Facebook is also working on a cryptocurrency that would let WhatsApp users transfer money to each other, according to reports from The New York Times and Bloomberg.

A third way Facebook could make money as it focuses on private messaging is through shopping, which Zuckerberg has indicated is a promising revenue stream for the business. On his Q4 2018 earnings call, Zuckerberg said the company is seeing more commerce activity across its platforms.

“People are already doing a lot of commerce activity and are really interested in following brands, and I think making sure that that works and does well is a big deal,” Zuckerberg told analysts on the call. “But I think there’s also a very big opportunity in basically enabling the transactions.”

Read the full interview at Wired.

Subscribe to CNBC on YouTube.

Watch: Facebook to allow users to message across different apps


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lauren feiner, getty images
Keywords: news, cnbc, companies, facebook, money, users, platform, private, told, doesnt, really, know, focus, vision, zuckerberg, wired


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8 secrets to getting everything you want in life

Many people only focus on their financial net worth. But to get everything you want in life, you need the right metric: your lifestyle net worth. Rank yourself on a scale of 1 to 10 in what I call the four pillars of the good life: health, wealth, love, and happiness. Your health net worth relates to your body. Average those four numbers and you get your lifestyle net worth.


Many people only focus on their financial net worth. But to get everything you want in life, you need the right metric: your lifestyle net worth. Rank yourself on a scale of 1 to 10 in what I call the four pillars of the good life: health, wealth, love, and happiness. Your health net worth relates to your body. Average those four numbers and you get your lifestyle net worth.
8 secrets to getting everything you want in life Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: the oracles, credit, mary delaney, source, tony robbins
Keywords: news, cnbc, companies, lifestyle, right, wealth, love, net, getting, life, worth, financial, secrets, focus, health


8 secrets to getting everything you want in life

“It’s not just procrastination and inaction that throw us off in life. It’s also action toward the wrong goal. Many people only focus on their financial net worth. But to get everything you want in life, you need the right metric: your lifestyle net worth.

You can easily calculate yours right now. Rank yourself on a scale of 1 to 10 in what I call the four pillars of the good life: health, wealth, love, and happiness. Your health net worth relates to your body. Wealth is your financial net worth. By love, I mean friends, family, and romance. Finally, how happy are you? How calm are you when you wake up? How much stress do you experience? Average those four numbers and you get your lifestyle net worth. That’s the number you should focus on.”

—Tai Lopez, investor and advisor to multiple multimillion-dollar businesses, who has built an eight-figure online empire; connect with Tai on Snapchat, Facebook, Instagram, or YouTube


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: the oracles, credit, mary delaney, source, tony robbins
Keywords: news, cnbc, companies, lifestyle, right, wealth, love, net, getting, life, worth, financial, secrets, focus, health


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Former Fed Chief Paul Volcker rips ‘culture of the financial system’ and its focus on profits

Former Federal Reserve Chairman Paul Volcker is stepping up his criticism of bank culture, saying it has become too focused on incentives and not enough on customer service. In an interview published Monday with veteran industry analyst Mike Mayo, Volcker said bank boards largely have misplaced priorities. “There have been … increasing concerns about the culture of the financial system, banking in particular,” he said in a question-and-answer session for CFA Institute Enterprising Investor. Th


Former Federal Reserve Chairman Paul Volcker is stepping up his criticism of bank culture, saying it has become too focused on incentives and not enough on customer service. In an interview published Monday with veteran industry analyst Mike Mayo, Volcker said bank boards largely have misplaced priorities. “There have been … increasing concerns about the culture of the financial system, banking in particular,” he said in a question-and-answer session for CFA Institute Enterprising Investor. Th
Former Fed Chief Paul Volcker rips ‘culture of the financial system’ and its focus on profits Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: jeff cox, bloomberg, getty images
Keywords: news, cnbc, companies, financial, mayo, pay, trading, sound, volcker, system, chief, profits, banks, culture, focus, bank, rips, fed, regulations, paul, published


Former Fed Chief Paul Volcker rips 'culture of the financial system' and its focus on profits

Former Federal Reserve Chairman Paul Volcker is stepping up his criticism of bank culture, saying it has become too focused on incentives and not enough on customer service.

In an interview published Monday with veteran industry analyst Mike Mayo, Volcker said bank boards largely have misplaced priorities.

“There have been … increasing concerns about the culture of the financial system, banking in particular,” he said in a question-and-answer session for CFA Institute Enterprising Investor. “The Holy Grail has been that the only thing that matters is how much profit the firm (and you) make, which [economist] Milton Friedman pushed. This is deeply in the interest of the people running these banks and non-banks, and it is losing some of its attractiveness.”

The 91-year-old Volcker is something of a legend in central banking, known for rapidly hiking interest rates in the late 1970s and early 1980s in an effort to knock down the inflation that had crippled the U.S. economy.

Most recently, he has published a book called “Keeping At It: The Quest for Sound Money and Good Government” and has done a series of interviews expressing his concerns about the economy broadly and the financial system in particular.

During his chat with Mayo, managing director and head of U.S. large-cap bank research at Wells Fargo Securities, he was unsparing in his views about the dangers coming from the focus on profits ahead of sound business practices.

“You now have this situation with incentive pay dominating corporate and individual decision-making. If the top executives are not getting as much pay as their competitors, the directors will worry about it and feel impelled to match the competition to show that they value your work,” he said, according to a transcript Mayo provided. “[It] has gotten all out of context, it seems to me. The amount of pay involved in the banks themselves is worrisome, but it also mirrors what is going on outside the banks.”

In addition to his actions at the Fed, another part of his legacy is the Volcker Rule, which prohibits banks from trading for their own profit but has come under congressional scrutiny.

Volcker said the desire to simplify regulations is misdirected as the complicated industry requires detailed oversight. He called the move from banks to rid themselves of proprietary trading as “small but a vital signal.”

“You are guarding against the crises and the depressions,” he said of regulations. “A lot of economic growth might be supported by a wild bout of investment activity that might not be soundly based. But that would be counterproductive.”

Note: Mike Mayo will be on CNBC’s ” Halftime Report ” at Noon ET Monday.


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: jeff cox, bloomberg, getty images
Keywords: news, cnbc, companies, financial, mayo, pay, trading, sound, volcker, system, chief, profits, banks, culture, focus, bank, rips, fed, regulations, paul, published


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Treasury yields fall amid US-China trade talks; Fed minutes in focus

U.S. government debt prices were higher on Wednesday as investors watched out for developments in the latest round of U.S.-China trade talks. The yield on the benchmark 10-year Treasury note sank to around 2.634 percent, while the yield on the 30-year Treasury bond slipped to 2.978 percent. Higher level talks are expected to arrive later in the week, the White House said Monday. Meanwhile, market players will keep an eye out for Federal Reserve minutes from the central bank’s January meeting, wh


U.S. government debt prices were higher on Wednesday as investors watched out for developments in the latest round of U.S.-China trade talks. The yield on the benchmark 10-year Treasury note sank to around 2.634 percent, while the yield on the 30-year Treasury bond slipped to 2.978 percent. Higher level talks are expected to arrive later in the week, the White House said Monday. Meanwhile, market players will keep an eye out for Federal Reserve minutes from the central bank’s January meeting, wh
Treasury yields fall amid US-China trade talks; Fed minutes in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: ryan browne
Keywords: news, cnbc, companies, rates, amid, fall, yield, reserve, fed, level, focus, higher, uschina, treasury, talks, players, latest, yields, market, minutes, trade


Treasury yields fall amid US-China trade talks; Fed minutes in focus

U.S. government debt prices were higher on Wednesday as investors watched out for developments in the latest round of U.S.-China trade talks.

The yield on the benchmark 10-year Treasury note sank to around 2.634 percent, while the yield on the 30-year Treasury bond slipped to 2.978 percent. Bond yields move inversely to prices.

Fixed income traders are keeping an eye on the latest global trade developments, after U.S. and Chinese officials met for a fresh set of discussions on Tuesday. Higher level talks are expected to arrive later in the week, the White House said Monday.

President Donald Trump said on Tuesday that the March 1 deadline for the two nations to reach a deal was not a “magical date,” hinting at an extension to the target date.

Meanwhile, market players will keep an eye out for Federal Reserve minutes from the central bank’s January meeting, which are due to be published Wednesday at 2 p.m. ET.

In other Fed news, New York Federal Reserve President John Williams said Tuesday that he was content with the current level of U.S. interest rates. The policymaker said he didn’t see any reason to hike rates again except in the event of surprising growth or inflation data.

The Fed’s raising of rates four times last year was a big point of anxiety for the markets, with market players nervous about the pace of the central bank’s stimulus tightening. The institution paused its once quarterly rate hikes last month, amid concerns of a potential slowdown in economic growth.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: ryan browne
Keywords: news, cnbc, companies, rates, amid, fall, yield, reserve, fed, level, focus, higher, uschina, treasury, talks, players, latest, yields, market, minutes, trade


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Walgreens and CVS are redesigning their drugstores to focus more on health. Here’s how they compare

CVS Health and Walgreens are remodeling some of their drugstores to look more like doctor’s offices. The two largest pharmacy chains in the U.S. have both opened redesigned stores that dedicate more space to health services and less space to staple products like greeting cards. As people shop online more, CVS and Walgreens are trying to give people reasons to keep coming into their drugstores. While their redesigns are just tests at this point, they could become models for future stores. Here’s


CVS Health and Walgreens are remodeling some of their drugstores to look more like doctor’s offices. The two largest pharmacy chains in the U.S. have both opened redesigned stores that dedicate more space to health services and less space to staple products like greeting cards. As people shop online more, CVS and Walgreens are trying to give people reasons to keep coming into their drugstores. While their redesigns are just tests at this point, they could become models for future stores. Here’s
Walgreens and CVS are redesigning their drugstores to focus more on health. Here’s how they compare Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: angelica lavito, m spencer green, bertha coombs, source, cvs health
Keywords: news, cnbc, companies, tests, compare, drugstores, health, focus, look, stores, shop, heres, space, staple, trying, cvs, redesigning, walgreens


Walgreens and CVS are redesigning their drugstores to focus more on health. Here's how they compare

CVS Health and Walgreens are remodeling some of their drugstores to look more like doctor’s offices.

The two largest pharmacy chains in the U.S. have both opened redesigned stores that dedicate more space to health services and less space to staple products like greeting cards. As people shop online more, CVS and Walgreens are trying to give people reasons to keep coming into their drugstores.

While their redesigns are just tests at this point, they could become models for future stores. Here’s a look at CVS and Walgreens’ new stores.


Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: angelica lavito, m spencer green, bertha coombs, source, cvs health
Keywords: news, cnbc, companies, tests, compare, drugstores, health, focus, look, stores, shop, heres, space, staple, trying, cvs, redesigning, walgreens


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European markets: China trade data beats expectations, Brexit in focus

Europe’s industrials stocks led the gains during early morning deals, up around 1 percent amid earnings news. France’s Airbus was one of the top sectoral performers, after the company announced stronger-than-anticipated fourth-quarter results. Looking at individual stocks, Germany’s Gerresheimer surged to the top of the European benchmark on Thursday morning. The medical equipment maker said it was “back on the growth path” after reporting fourth-quarter results, prompting shares to advance over


Europe’s industrials stocks led the gains during early morning deals, up around 1 percent amid earnings news. France’s Airbus was one of the top sectoral performers, after the company announced stronger-than-anticipated fourth-quarter results. Looking at individual stocks, Germany’s Gerresheimer surged to the top of the European benchmark on Thursday morning. The medical equipment maker said it was “back on the growth path” after reporting fourth-quarter results, prompting shares to advance over
European markets: China trade data beats expectations, Brexit in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: sam meredith
Keywords: news, cnbc, companies, group, data, focus, shares, brexit, stocks, maker, results, morning, fourthquarter, expectations, beats, china, deal, convatec, european, trade, markets


European markets: China trade data beats expectations, Brexit in focus

The pan-European Stoxx 600 was up around 0.4 percent shortly after the opening bell, with most sectors and major bourses in positive territory.

Europe’s industrials stocks led the gains during early morning deals, up around 1 percent amid earnings news. France’s Airbus was one of the top sectoral performers, after the company announced stronger-than-anticipated fourth-quarter results. Europe’s largest aerospace group also said it was scrapping its flagship A380 cruiseliner. Shares of the Paris-listed stock rose more than 4 percent on the news.

Looking at individual stocks, Germany’s Gerresheimer surged to the top of the European benchmark on Thursday morning. The medical equipment maker said it was “back on the growth path” after reporting fourth-quarter results, prompting shares to advance over 10 percent.

Britain’s Convatec slumped to the bottom of the index during morning trade. The catheter and colostomy bag maker reported adjusted operating profit had slipped 6 percent in 2018. It said the risk of a no-deal Brexit had prompted the group to stockpile appropriately to deal with any potential supply disruptions. Shares of Convatec almost 20 percent.

Meanwhile, lawmakers in the U.K. are set to debate and vote on the next steps in the Brexit process later in the session.

It comes as Prime Minister Theresa May continues to try to get a deal through Parliament, with time running out before the country leaves the European Union next month.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: sam meredith
Keywords: news, cnbc, companies, group, data, focus, shares, brexit, stocks, maker, results, morning, fourthquarter, expectations, beats, china, deal, convatec, european, trade, markets


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