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Redhill Biopharma Share and Warrant Offering Closes

Redhill Biopharma Share and Warrant Offering Closes

Redhill Biopharma said Tuesday its previously announced offering of American depositary shares and warrants has closed, raising gross proceeds of $38 million. The public offering was for a total number of nearly 2.3 million ADSs, each representing ten of its ordinary shares, and warrants to purchase over 1.1 million ADSs, with gross proceeds of approximately $23 million. The concurrent registered[Read More…]

by December 27, 2016 0 comments Featured
Technology Stocks Mixed in Early Trade

Technology Stocks Mixed in Early Trade

Technology shares were mixed in early trade on Friday. In technology stocks news, Oracle (ORCL) posted revenue which was just shy of analysts’ expectations in the second quarter of its fiscal 2017 year although the results were higher than one year ago as cloud services sales advanced and a strengthening dollar and devaluation of the Egyptian currency weighed on the[Read More…]

by December 16, 2016 0 comments Featured
Bonds Trim Early Losses

Bonds Trim Early Losses

U.S. Treasuries pared losses in safe-haven buying early Monday with the long end lagging. Overnight the 10-year traded to the highest yield/lowest price levels since September 2014 ahead of the week’s Treasury auctions and the end of Federal Open Market Committee meeting Wednesday. Increasing inflation expectations in the face of rallying oil is seen as continuing to drag on prices[Read More…]

by December 12, 2016 0 comments Featured
Diodes Revises Revenue Forecast for Q4

Diodes Revises Revenue Forecast for Q4

Diodes, a chipmaker, said that revenue in the fourth quarter will probably be lower by as much as $10 million after a fire at its wet etch wafer fabrication area of a production plant in November. The new revenue forecast range is between $222 million and $238 million assuming repairs cannot be completed or approval to resume production is not[Read More…]

by December 7, 2016 0 comments Featured
SL Green Realty Reaffirms 2016 FFO Guidance

SL Green Realty Reaffirms 2016 FFO Guidance

SL Green Realty shares were slightly lower after the property company reaffirmed its 2016 guidance funds from operations and provided 2017 earnings-per-share guidance that was below Street estimates. Senior management were to present the forecasts at an annual investor conference on Monday. It still expects 2016 FFO of $8.17 to $8.25, below the $8.30 average estimate from analysts polled by[Read More…]

by December 5, 2016 0 comments Featured
CBS Looking for More Money to Provide Content to Streamers

CBS Looking for More Money to Provide Content to Streamers

CBS is just firmer after the New York Post said the company is playing hard-ball with streaming services, believing streaming services needs CBS more than CBS needs streaming services. In the latest proof of that, DirecTV said it will launch its streaming service on Nov 30 without CBS, although talks with CBS are ongoing. That was the same for Hulu[Read More…]

by November 30, 2016 0 comments Featured
Canadian Banks Seen Posting Higher Operating EPS, Revenue as Quarterly Reports Begin

Canadian Banks Seen Posting Higher Operating EPS, Revenue as Quarterly Reports Begin

Banks in Canada, where the industry is dominated by a handful of major players, will begin reporting quarterly earnings this week, with BMO Capital Markets expecting 4% annual growth in industry cash operating earnings per share. “Our estimates call for positive EPS growth at all of the ‘Big 6′,” said analyst Sohrab Movahedi in an e-mailed note on Monday. The[Read More…]

by November 28, 2016 0 comments Featured