Stock News

Stocks Regain Uptrend on Bullish Labor Market

Stocks Regain Uptrend on Bullish Labor Market

Wall Street reversed small pre-market losses and was now trading modestly higher with the Nasdaq setting another record high on gains in the healthcare sector. Stocks were underpinned after the open by buoyant labor market data, and a greater-than-expected gain in November wholesale inventories and sales, as well as by a slight correction in the dollar that is easing pressure[Read More…]

by January 10, 2017 0 comments Stock News, Stocks
Gemphire Therapeutics Announces Positive Results

Gemphire Therapeutics Announces Positive Results

Gemphire Therapeutics shares rose after the company revealed positive results from a pre-clinical study of gemcabene that showed proof of concept efficacy in a well-established animal model of nonalcoholic steatohepatitis (NASH). Gemphire plans to initiate clinical development of gemcabene in NASH/nonalcoholic fatty liver disease with a Phase 2 trial in 2017. There are currently no treatments for NAFLD and NASH[Read More…]

by January 9, 2017 0 comments Stock News, Stocks
Leidos Wins Task Order Subcontract

Leidos Wins Task Order Subcontract

Leidos, a science and technology company, was awarded a subcontract to support the Joint Improvised Threat Defeat Organization (JIDO) with analytical operations, intelligence, and training services under prime contractor CACI. The single-award cost-plus award-fee task order has a two-year base period of performance, three one-year options, and a total subcontract value to Leidos of $202 million if all options are[Read More…]

by January 5, 2017 0 comments Stock News, Stocks
Energy Stocks Mixed Following Small Rebound for Crude Oil

Energy Stocks Mixed Following Small Rebound for Crude Oil

Energy stocks were narrowly mixed Wednesday, with the NYSE Energy Sector Index rising about 0.3% while shares of energy companies in the S&P 500 recently were down about 0.1% as a group. Crude oil for February delivery was up 76 cents at $53.09 per barrel while February natural gas futures were five cents lower at $3.28 per 1 million BTU.[Read More…]

by January 4, 2017 0 comments Stock News, Stocks
DryShips Closes New Revolving Facility from Sifnos

DryShips Closes New Revolving Facility from Sifnos

DryShips said Tuesday that it has signed definitive documentation with Sifnos Shareholders Inc., an entity controlled by the company’s founder and chairman George Economou, for the refinancing of the majority of the company’s outstanding debt under a new senior secured revolving credit facility. The new revolver extends a new loan of up to $200 million to the company and carries[Read More…]

by January 3, 2017 0 comments Stock News, Stocks
Financial Stocks Mostly Higher

Financial Stocks Mostly Higher

Financial stocks were mostly higher this afternoon, with the NYSE Financial Sector Index adding about 0.5% in value while financial companies in the S&P 500 Index were climbing more than 0.5%. In company news, TransUnion (TRU) was holding a small gain Friday after the credit-reporting agency late Thursday said it has agreed to pay $19.4 million to settle a civil[Read More…]

by December 30, 2016 0 comments Stock News, Stocks
Toyota Motor’s Annual Sales for Hybrid Vehicles in Europe on Track for 40% Increase

Toyota Motor’s Annual Sales for Hybrid Vehicles in Europe on Track for 40% Increase

Toyota Motor’s efforts to push its hybrid models in Europe are bearing fruit as the Japanese automobile maker is on track to increase its annual sales for gasoline-electric vehicles about 40%, according to a report by Bloomberg. Citing Karl Schlicht, executive vice president of Toyota’s European division, the report said hybrids will account for more than half of Toyota’s deliveries[Read More…]

by December 29, 2016 0 comments Stock News, Stocks
NeuroMetrix Signs Securities Purchase Deal

NeuroMetrix Signs Securities Purchase Deal

NeuroMetrix, a health-care company that develops wearable medical technology, has signed a securities purchase agreement with an institutional investor for a private placement of 7,000 shares of Series E convertible preferred stock at $1,000 per share. The deal includes warrants to purchase 10 million shares of common stock at an exercise price of $0.70 per share. The company expects to[Read More…]

by December 28, 2016 0 comments Stock News, Stocks
Asian ADRs Edge Higher

Asian ADRs Edge Higher

American depository receipts of Asian stocks were trading 0.06% higher at 142.78 on the Bank of New York Mellon Asia ADR Index on Tuesday. In North Asia, the gainers were led by Jumei (JMEI), an online retailer of beauty products, and solar energy company Hanwha Q Cells (HQCL), which surged 6.7% and 6% respectively. They were followed by China Distance[Read More…]

by December 27, 2016 0 comments Stock News, Stocks
Energy Stocks Losing Ground

Energy Stocks Losing Ground

Energy stocks have turned narrowly lower Friday, with the NYSE Energy Sector Index falling about 0.2% and shares of energy companies in the S&P 500 also down 0.2% as a group. Crude oil for February delivery was down 14 cents at $53.00 per barrel, reversing a small gain this morning, while January natural gas futures were 13 cents higher at[Read More…]

by December 23, 2016 0 comments Stock News, Stocks