Market Watch

Howard Hughes Shares Gain

Howard Hughes Shares Gain

May 8, 2017 at 4:18 pm 0 comments

Howard Hughes shares jumped more than 3% intraday, touching their highest level since August 2015, after billionaire hedge fund manager Bill Ackman made a bullish pitch for the company at the Sohn Investment Conference in New York, according to a report from CNBC. “I think this is one of the most attractive times in the history of the company toRead More

Ignyta Shares Rise

Ignyta Shares Rise

April 28, 2017 at 11:44 am 0 comments

Ignyta rose 10% on Friday after the company said it began a comprehensive program update on entrectinib, an investigational, orally available, CNS-active tyrosine kinase inhibitor targeting certain types of tumors and which is being studied in a registration-enabling phase 2 trial. The drug targets tumors that harbor TRK, ROS1 or ALK fusions, it said. “We are proud to announce substantialRead More

VOXX International Subsidiary Gets Patent

VOXX International Subsidiary Gets Patent

April 26, 2017 at 1:10 pm 0 comments

Eyelock, a majority-owned subsidiary of VOXX International (VOXX) said it has received a patent from the U.S. Patent and Trademark Office for its technology that assures that iris biometrics are obtained in real time from the same live person as the facial image. The benefits are fraud deterrence and stronger authentication where both iris and facial images are used inRead More

Bank of Hawaii Q1 Results Beat Street Estimates

Bank of Hawaii Q1 Results Beat Street Estimates

April 24, 2017 at 3:04 pm 0 comments

Bank of Hawaii said Monday its Q1 net Income was $1.20 per share, compared with $1.16 per share in the same quarter a year ago and beating a consensus of analysts’ expectations of $1.09 per share. The bank also reported revenue as a combination of net interest income and non-interest income of $165.8 million, up from $159.2 million in theRead More

U.S. Oil Rig Count Extends Advance

U.S. Oil Rig Count Extends Advance

April 21, 2017 at 1:21 pm 0 comments

The number of oil rigs operating in the U.S. rose by five to 688, climbing for the 14th consecutive week to the highest level since April. 4, 2015, according to data from energy services firm Baker Hughes (BHI), which tracked the seven-day period ended April 21. In the U.S., the combined oil and gas rigs count increased by 10 toRead More

Middle East Stocks Mostly Lower

Middle East Stocks Mostly Lower

April 20, 2017 at 11:43 am 0 comments

Middle East shares mostly dropped on Q1 results and profit-taking. Saudi Arabia was also weighed by a slump in oil prices. In company news, Abu Dhabi National Energy Co’s COO told Reuters it might sell some oil and gas interests in North America to raise capital for core businesses. First Abu Dhabi Bank said Q1 combined proforma net profit roseRead More

Asian ADRs Shift Lower

Asian ADRs Shift Lower

April 18, 2017 at 11:46 am 0 comments

American depository receipts of Asian stocks were trading 0.66% lower at 149.59 on the Bank of New York Mellon Asia ADR Index on Tuesday. In North Asia, the gainers were led by online game publisher The9 (NCTY), and solar equipment maker SPI Energy (SPI), which rose 3.7% and 3.5% respectively. They were followed by aluminum producer Aluminum Corporation of ChinaRead More