Business

Illumina Launches NovaSeq Architecture

Illumina Launches NovaSeq Architecture

Shares of Illumina were surging Tuesday after the DNA sequencing company said late Monday it introduced its NovaSeq next-generation sequencing architecture, which is expected to one day enable a $100 genome. Described as the most powerful sequencer that the company has ever launched, NovaSeq was designed to allow researchers “to access next-generation sequencing technology and more easily conduct large-scale genomics[Read More…]

by January 10, 2017 0 comments Business
Asian ADRs Edge Higher in Monday Trading

Asian ADRs Edge Higher in Monday Trading

American depository receipts of Asian stocks were trading 0.03% higher at 145.90 on the Bank of New York Mellon Asia ADR Index on Monday. In North Asia, the gainers were led by commercial real estate developer China Techfaith Wireless Communication (CNTF), and job portal Zhaopin LTD (ZPIN), which rose 4.7% and 3.8% respectively. They were followed by solar equipment maker[Read More…]

by January 9, 2017 0 comments Business
Brent Crude Prices Higher In Pre-Market Trading

Brent Crude Prices Higher In Pre-Market Trading

West Texas Intermediate (WTI) crude oil futures for delivery in February were up 0.6% at $54.10 per barrel during Friday’s pre-market trading session, while Brent crude futures for delivery in March were up 0.7%, at $57.30 per barrel. Traders are bidding crude prices higher on the basis of reported production cuts by oil-titan Saudi Arabia, and signals the kingdom plans[Read More…]

by January 6, 2017 0 comments Business
Wall Street Ends Mostly Lower

Wall Street Ends Mostly Lower

Wall Street ended mostly on a downbeat note on Thursday after data gave a mixed view of the US labor market ahead of the key monthly payrolls report and as retail stocks retreated after some firms issued disappointing holiday sales. The Dow Jones Industrial Average pulled back away from the key 20,000 level and seven of the 11 sectors on[Read More…]

by January 5, 2017 0 comments Business
Middle East Stocks Mostly Gain

Middle East Stocks Mostly Gain

MidEast shares mostly rose, with Egypt rising to a record high. In company news, Palm Hills Development said it signed an agreement with the Ministry of Housing to buy a major plot in West Cairo to build a new project close to the company’s existing developments. Dubai Islamic Bank said it had completed the sale of its 20.8% stake in[Read More…]

by January 4, 2017 0 comments Business
Mindbody Partners With Google on Fitness Booking Integration

Mindbody Partners With Google on Fitness Booking Integration

MINDBODY, a provider of cloud-based business management software for the wellness services industry, said it has partnered with Alphabet’s Google on helping people find fitness and wellness classes directly from Google Maps, search and a new standalone website. The company said that during the pilot stage, Reserve with Google will bring up the class schedules of subscribers located within approximately[Read More…]

by January 3, 2017 0 comments Business
Bonds Trim Post-Auction Gains

Bonds Trim Post-Auction Gains

U.S. Treasuries pushed higher late Thursday following another solid Treasury auction with the market seeing added support on reports of pension and insurers on the buy side in programmed asset allocation. Futures showed sizable upticks in volumes on the rallies with the five-year leading. The 30-year backed off to unchanged near 3.086% after a rally to 3.065%. The 10-year was[Read More…]

by December 29, 2016 0 comments Business
Dollar Returns Early Gains

Dollar Returns Early Gains

The dollar surrendered all of its earlier gains against the yen and closed modestly lower as an unexpected decline in pending home sales coupled with lower Treasury yields and lower stock prices tugged the dollar off its four-day high of 117.80 back towards 117.00 before settling at 117.10. This leaves the dollar 0.30% lower against the yen, and in the[Read More…]

by December 28, 2016 0 comments Business
Stock Indexes Higher on Improved Consumer Confidence

Stock Indexes Higher on Improved Consumer Confidence

Stock indexes were higher in early trading Tuesday on strong consumer confidence and rising home prices. The Conference Board’s consumer confidence index showed a jump to a 113.7 reading in December, easily topping expectations for a decline to 108.5. The board said a strong economy combined with optimism about a Trump presidency has improved confidence. Home prices rose 5.6% year-over-year[Read More…]

by December 27, 2016 0 comments Business
Diana Shipping Receives Full Refund Under Shipbuilding Contract

Diana Shipping Receives Full Refund Under Shipbuilding Contract

Diana Shipping, a global shipping company, said that in connection with the previously announced cancellation of a shipbuilding contract for a Kamsarmax dry bulk carrier, Hull No. DY6006, with an original delivery date of May 31, 2016, the company received yesterday a refund payment of $9.4 million. The refund payment to the company was made under the refund guarantee from[Read More…]

by December 22, 2016 0 comments Business