Articles by: Nellie Frank

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
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
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
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
Horizon Pharma Rallies More Than 12%

Horizon Pharma Rallies More Than 12%

Horizon Pharma is up more than 12% in early trade after the company said in a Securities and Exchange Commission filing it has entered into a rebate agreement with Express Scripts (ESRX), which secures formulary status for DUEXIS, VIMOVO, PENNSAID 2% w/w and RAYOS Delayed-Release Tablets. As a result of this new rebate agreement, which begins on January 1, DUEXIS[Read More…]

by December 16, 2016 0 comments Business
Bel Unveils Global Distribution Agreement with Arrow Electronics

Bel Unveils Global Distribution Agreement with Arrow Electronics

Bel Fuse, a manufacturer of electronic components, said Wednesday it has executed an agreement with Arrow Electronics (ARW), providing for worldwide distribution and support for all current and future Bel subsidiaries in numerous product areas. The new global agreement expands the range of Bel’s product offering to Arrow and replaces the North America agreements previously in place with many of[Read More…]

by December 14, 2016 0 comments Stock News, Stocks
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
Lockheed Martin Wins Contracts from Saudi Arabian and Chilean Air Forces

Lockheed Martin Wins Contracts from Saudi Arabian and Chilean Air Forces

Lockheed Martin, a security and aerospace company, said Wednesday that it won a contract valued at $67.3 million to provide spares for the Royal Saudi Air Force’s F-15 sensor suite, and an order from the Chilean Air Force for six medium-lift helicopters. Under the Royal Saudi Air Force contract, the company will produce LANTIRN extended range navigation pod spares, infrared[Read More…]

by December 7, 2016 0 comments Business
European ADRs Move Higher in Monday Trading

European ADRs Move Higher in Monday Trading

American depository receipts of European stocks were trading 1.07% higher to 116.25 on the Bank of New York Mellon Europe ADR Index on Monday. In continental Europe, the gainers were led by life insurance company Aegon (AEG), and network infrastructure provider Nokia (NOK), which rose 3.7% and 3.3% respectively. They were followed by steel and mining firm ArcelorMittal (MT), up[Read More…]

by December 5, 2016 0 comments Business
USD/JPY Weakens in Sympathy with Stocks

USD/JPY Weakens in Sympathy with Stocks

Monday’s modest losses on Wall Street which coincided with lower Treasury yields derailed the dollar against the yen, preventing USD/JPY from challenging 113.00 and closing lower for a second straight day. The dollar traded as low as 111.50 overnight as month-end yen repatriation surfaced. As soon as the dollar breached 111.50, dip-buying reappeared and ran the dollar as high as[Read More…]

by November 28, 2016 0 comments Daily Dime