Business

Tech Stocks Starting to Build on Morning Advance

Tech Stocks Starting to Build on Morning Advance

Technology stocks were extending earlier gains during Wednesday trading, with shares of tech companies in the S&P 500 climbing slightly more than 0.2%. In company news, MobileIron (MOBL) fell to a new 52-week low, sinking nearly 16% to its lowest price since October 2016 at $3.20 a share, after the mobile networking software firm last night said chief executive Barry[Read More…]

by October 23, 2017 0 comments Business, Technology
IBM Drives Dow Past 23,000

IBM Drives Dow Past 23,000

Wall Street’s major averages were trading higher on Wednesday with a rally in shares of International Business Machines (IBM) contributing to a triple-digit gain for the Dow Jones Industrial Average, leaving the other major indices lagging as energy and semiconductor sectors weigh. Stocks extended Tuesday’s gains in anticipation this week’s meeting of China’s Communist Party Congress would pledge its support[Read More…]

by October 23, 2017 0 comments Business
US Bancorp Posts Record Quarterly Results Bolstered by Loan Growth

US Bancorp Posts Record Quarterly Results Bolstered by Loan Growth

US Bancorp (USB) posted record third quarter net income and net revenues on Wednesday as results matched analysts’ consensus expectations, bolstered by loan growth and higher interest rates. The seventh largest US bank by asset size posted net income of $1.56 billion for the third quarter of 2017, or $0.88 per diluted common share, compared with $1.50 billion, or $0.84[Read More…]

by October 23, 2017 0 comments Business, World News
gnyta Shares Add 6% Pre-Bell Europe Drug Regulator Grants Priority Medicines Status to Entrectinib

gnyta Shares Add 6% Pre-Bell Europe Drug Regulator Grants Priority Medicines Status to Entrectinib

Ignyta (RXDX) shares were higher 6% in recent pre-market trade after the company said Tuesday that the European Medicines Agency has granted priority medicines (PRIME) designation for entrectinib for the treatment of NTRK fusion-positive, locally advanced or metastatic solid tumours in adult and paediatric patients who have either progressed following prior therapies or who have no acceptable standard therapy. Through[Read More…]

by October 19, 2017 0 comments Business, Technology
Spanish IBEX Recovers Losses Despite Catalonia Crisis

Spanish IBEX Recovers Losses Despite Catalonia Crisis

Spanish stocks managed to come back from early lows, despite fresh protests after Madrid arrested independence leaders. Buying on dips is helping to slowdown the decline in the index, which has been steadily heading south since peaking at 11184 in May and is currently just over 10000. After underperforming earlier in the session, the index is now outperforming and up[Read More…]

by October 19, 2017 0 comments Business, World News