Articles by: Peter Erickson

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
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
Apple to Invest $44 Million in Indonesia R&D Center

Apple to Invest $44 Million in Indonesia R&D Center

Apple will invest about $44 million in a research and development center in Indonesia in the next three years, allowing it to start selling its iPhone 7 there. Reuters cited a senior government official as saying Apple received “local content certification” on Nov. 1. Indonesia has said that from Jan. 2017 all 4G handsets sold there must have a local[Read More…]

by December 16, 2016 0 comments Stock News, Stocks
MagneGas to 2,000 Additional Fuel Cylinders to Accommodate Demand

MagneGas to 2,000 Additional Fuel Cylinders to Accommodate Demand

MagneGas stock gained almost 6% pre-bell after the clean technology company said that due to growing demand for MagneGas2 fuel, which has created a substantial backlog, the company has signed a letter of intent to buy 2,000 additional fuel cylinders. “We look forward to seeing the impact of these new cylinders on revenue and new client acquisitions in the coming[Read More…]

by December 15, 2016 0 comments Stock News, Stocks
Health Care Stocks Extending Recovery to a Third Session in a Row

Health Care Stocks Extending Recovery to a Third Session in a Row

Health care stocks continued to rise for a third session in a row, with the NYSE Health Care Index rising nearly 0.7% while shares of health care companies in the S&P 500 also were up 0.9% as a group. In company news, Molina Healthcare Inc (MOH) advanced Tuesday after analysts at Goldman Sach today raised their investment call for the[Read More…]

by December 13, 2016 0 comments Stock News, Stocks
Asian ADRs Inch Lower as Chinese Retailers, Asian Tech Stocks Slip

Asian ADRs Inch Lower as Chinese Retailers, Asian Tech Stocks Slip

American depository receipts of Asian stocks were down 0.53% to 147.25 in U.S. trading on Monday, according to the BNY Mellon Asia ADR Index. Decliners in north Asia were led by Tarena International (TEDU), a provider of IT education services, down 4.7% followed by Japanese financial holding firm Nomura Holdings (NMR), which fell 3.9%. China Unicom (CHU), a provider of[Read More…]

by December 12, 2016 0 comments Daily Dime
Asian Stock Markets Rally On Wall Street Gains

Asian Stock Markets Rally On Wall Street Gains

Asian stock markets moved markedly higher Thursday after overnight Wall Street gains, stronger-than-expected trade data from mainland China and the outlook for stimulus from the European Central Bank. Tokyo and other regional exchanges rose more than 1%, although Hong Kong gains were limited and Shanghai finished down. The Nikkei 225 rose 1.45% on the Wall Street performance and after mainland[Read More…]

by December 8, 2016 0 comments Stock News, Stocks
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
Larger Gains for Health Care Stocks Erode in Late Trade

Larger Gains for Health Care Stocks Erode in Late Trade

Health care stocks were giving back a portion of their earlier gains, with the NYSE Health Care Index rising about 0.5% while shares of health care companies in the S&P 500 were up almost 0.3% as a group. In company news, MyoKardia (MYOK) shares advanced Friday after the biotech company today said it received a $25 million milestone payment from[Read More…]

by December 2, 2016 0 comments Stock News, Stocks