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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 ...

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 ...

ITT Posts Q2 Results Beat

Jon Flanagan

ITT, a manufacturer of engineered critical components, reported Friday Q2 adjusted earnings of $0.65 per share, down from $0.67 per ...

Alexion Pharmaceuticals Shares Rise

Kristen Tardella

Alexion Pharmaceuticals shares rose 5% on Thursday after the company reported Q2 adjusted profit of $1.56 per share, up from ...

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 ...

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 ...

Global News

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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 ...

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 lawsuit accusing the company of “deceptive practices and predatory conduct” by extending student loans to college students with high default rates. According to a statement issued by the Pennsylvania AG’s office cited ...

Asian ADRs Trade Higher

Bucky Rini

American depositary receipts of Asian stocks were trading 0.17% higher at 167.78 on the Bank of New York Mellon Asia ADR Index on Thursday. In North Asia, the gainers were led by hotel group China Lodging (HTHT), and IT company ChinaCache (CCIH), which rose 7.2% and 6.2% respectively. Oil company Sinopec Shanghai ...