Market Watch

MidEast Shares Mostly Higher

MidEast Shares Mostly Higher

March 30, 2017 at 12:32 pm 0 comments

MidEast shares mostly rose, with Kuwait rebounding from early session losses on bargain hunting. Investors are seen mixed on Kuwait, with some seeing the index as fairly valued while others are positive on the Kuwaiti government’s strong financial position. In company news, Yanbu National Petrochemical said it plans to shutdown temporarily two of its facilities. The financial impact was estimatedRead More

Ford Motor Company Shares Gain

Ford Motor Company Shares Gain

March 28, 2017 at 12:17 pm 0 comments

Ford Motor Company shares were up 2.8% after the company said it is investing $1.2 billion in three Michigan manufacturing facilities. The car maker it is investing $850 million in Michigan Assembly Plant to retool the plant to build the all-new Ford Ranger and Ford Bronco. Employees at Michigan Assembly Plant will begin building Ranger at the end of 2018Read More

Philip Morris Unveils Positive Results on Clinical Study

Philip Morris Unveils Positive Results on Clinical Study

March 27, 2017 at 11:41 am 0 comments

Philip Morris International reported pre-market Monday positive results from a clinical study conducted in Japan on its first electronically heated tobacco product IQOS. The study showed that smokers who switched to the product reduced their exposure to 15 harmful chemicals to levels that approached those of individuals who quit smoking. The study also showed improvements in indicators specific to smoking-relatedRead More

PPG Raises Automotive and Industrial Coatings Prices in Europe

PPG Raises Automotive and Industrial Coatings Prices in Europe

March 24, 2017 at 12:26 pm 0 comments

PPG, a provider of a range of coatings and specialty materials, said early Friday it will implement customer-specific price increases and surcharges in Europe to offset a significant rise in raw material costs. The price changes will impact a select group of automotive OEM (original equipment manufacturer) and industrial coatings products, effective May 1 or as contracts permit. “The recentRead More

La Jolla Pharmaceutical Prices Share Offering

La Jolla Pharmaceutical Prices Share Offering

March 23, 2017 at 11:46 am 0 comments

La Jolla Pharmaceutical Company said pre-market Thursday it priced its underwritten public offering of 3.7 million shares of common stock at $33.50 per share, equal to a 1.8% discount relative to the stock’s Wednesday closing price, for expected gross proceeds of $125 million. Shares were up 3.6% in recent pre-market trade. In addition, La Jolla granted the underwriters a 30-dayRead More

Novan Names William Hodges as Interim CFO

Novan Names William Hodges as Interim CFO

March 22, 2017 at 12:12 pm 0 comments

Novan said early Wednesday its board appointed William Hodges as interim CFO, effective immediately, following the departure of Richard Peterson, who is leaving to pursue other business interests. Hodges has a “long” career in public company finance positions, including most recently serving as CFO of Pozen, Inc., the company said in a statement. Furthermore, Paula Brown Stafford has been appointedRead More

Fifth Street Asset Management Narrows Q4 Net Loss

Fifth Street Asset Management Narrows Q4 Net Loss

March 21, 2017 at 12:27 pm 0 comments

Fifth Street Asset Management said Tuesday its Q4 adjusted net income was $0.14 per share, compared with $0.18 per share a year ago. Two analysts polled by Capital IQ had expected adjusted EPS of $0.17. The company said it had Q4 revenue of $17.9 million, down 21.9% from $22.9 million in the same period a year ago, and compared withRead More