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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 ...

Eli Lilly, INCY Say Japan Grants Marketing Approval for Olumiant Tablets

Jon Flanagan

Eli Lilly and Incyte said premarket Monday that Japan’s Ministry of Health, Labor and Welfare (MHLW) granted marketing approval for ...

TrovaGene Signs Deal with NerPharMa

Bucky Rini

Biotechnology company TrovaGene has executed a supplier agreement with pharmaceutical manufacturing company NerPharMa to manufacture drug product for PCM-075. The ...

Actuant Posts Fiscal Q3 Beat

Kristen Tardella

Actuant, a maker of industrial machinery and equipment, reported pre-market Wednesday stronger-than-expected fiscal Q3 profit and sales, and lowered its ...

Progressive Shares Rise

Kristen Tardella

Progressive reported Wednesday that net premiums written in May increased 15% from a year ago to $2.0 million and were ...

Gilead Sciences Files NDA

Kristen Tardella

Gilead Sciences shares were over 1% higher Monday after the drug maker said it filed a new drug application to ...

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 ...

Engility Secures Contract

Jon Flanagan

Engility Holdings said pre-market Tuesday that it obtained a $39 million contract award from the space and naval warfare systems ...

Citigroup Q2 EPS, Revenue Top Estimates

Kristen Tardella

Citigroup reported early Friday Q2 earnings of $1.28 per diluted share compared with an income of $1.24 per share a ...

Cemtrex Forms New Subsidiary

Bucky Rini

Cemtrex, a diversified technology company, said Thursday that it has formed a new subsidiary, Cemtrex Advanced Technologies Inc., to pursue ...

Global News

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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 ...

European Equity Benchmarks Close Lower

Kristen Tardella

The broad-based major European indices closed lower in Wednesday’s trading session as financial stocks and banks weighed down the markets. In economic news, the Bank of England published a review of its approach to identifying and managing conflicts of interest. The Bank said it has been working closely with the UK Treasury ...

China Rapid Finance Reaches Loan Milestone

Bucky Rini

Online lender China Rapid Finance said early Monday it has reached a milestone of 20 million cumulative loans on its platform since inception, nearly double from 10.7 million loans at the end of the 2016. On a year-over-year basis, Q2 facilitated loans jumped by over 350% to more than 5 million, up ...