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Equities Edge Further Into Record-High Territory as US Banks Climb

Jon Flanagan

The benchmark averages in the US headed further into record territory on Monday, with gains in the telecommunications sector leading ...

US Morning Desk Color

Jon Flanagan

US equity futures are off slightly, with some weakness across broad sectors. Nasdaq basically unchanged, as tech traders eye the ...

Navient Shares Plummet as PA Attorney General Files Lawsuit Alleging Deceptive Practices

Bucky Rini

Navient (NAVI) shares fell to their lowest level in more than a year after the Pennsylvania Attorney General filed a ...

Energy Stocks Following Crude Oil Futures Higher

Kristen Tardella

Energy stocks were stretching their modest advance, with the NYSE Energy Sector Index climbing more than 0.4% while shares of ...

BMO Capital Markets Almost Doubles Tetraphase Pharmaceuticals PT

Bucky Rini

BMO Capital Markets raised the target price for Tetraphase Pharmaceuticals (TTPH) to $24 from $13, while maintaining its Outperform rating, ...

Freeport-McMoRan Cedes Ownership Stake in Indonesia’s Mineral-Rich Grasberg for Long-Term Rights

Bucky Rini

Freeport-McMoRan (FCX) is giving up a majority ownership stake in the Grasberg minerals district of Indonesia, which has one of ...

Intrexon Agrees to Preferred Stock Equity Facility With VC Firm Founded by Co’s Chairman and CEO

Bucky Rini

Intrexon (XON) said it entered into a Preferred Stock Equity Facility with an affiliate of Third Security, LLC, a venture ...

Global Energy Report: Crude Jumps in Asia on China Imports

Jon Flanagan

Crude oil prices gained smartly in Asia on Friday as the market welcomed strong demand from key buyer China in ...

HP Sees Fiscal 2018 Earnings Mostly Above Estimates

Bucky Rini

HP (HPQ) shares were higher 1% in recent pre-market trade after the company provided a financial guidance for fiscal year ...

Concordia Says UK’s CMA is Investigating Its International Segment And Certain of Its Products

Kristen Tardella

Concordia International (CXRX), a Canada-based pharmaceutical company, said Wednesday that its International segment and certain of its products are part ...

Delta Air Lines Shares Add 2% Pre-Bell; Q3 Results Top Estimates

Bucky Rini

Shares of Delta Air Lines (DAL) were higher 2% in recent pre-market trade after the company reported early Wednesday Q3 ...

Global News

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Equities Edge Further Into Record-High Territory as US Banks Climb

Jon Flanagan

The benchmark averages in the US headed further into record territory on Monday, with gains in the telecommunications sector leading along with financials, while climbed ahead of quarterly results from Goldman Sachs (GS) and Morgan Stanley (MS). Markets were in the green from the opening bell after the Empire State manufacturing index ...

Intrexon Agrees to Preferred Stock Equity Facility With VC Firm Founded by Co’s Chairman and CEO

Bucky Rini

Intrexon (XON) said it entered into a Preferred Stock Equity Facility with an affiliate of Third Security, LLC, a venture capital firm founded by Randal J. Kirk, Intrexon’s Chairman and Chief Executive Officer. Under the facility, Intrexon may, at its discretion, sell to Third Security up to $100 million of newly issued ...

HP Sees Fiscal 2018 Earnings Mostly Above Estimates

Bucky Rini

HP (HPQ) shares were higher 1% in recent pre-market trade after the company provided a financial guidance for fiscal year 2018 that was mostly above analysts’ estimates. For fiscal 2018, the company is projecting non-GAAP diluted EPS of $1.74 to $1.84. Analysts polled by Capital IQ have been expecting FY adjusted EPS ...