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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

Abbott Laboratories Reports Q1 Beat

Abbott Laboratories Reports Q1 Beat

April 19, 2017 at 12:04 pm 0 comments

Abbott Laboratories reported a Q1 adjusted earnings of $0.48 per diluted share compared with an income of $0.41 per share a year ago, beating the $0.43 average EPS estimate from analysts polled by Capital IQ. Shares rose almost 3% in pre-market. Total revenue surged to $6.34 billion from $4.89 billion a year ago, coming in above the $6.16 billion consensus.Read 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

Frontier Communications Renews Content Distribution Deal with EPIX

Frontier Communications Renews Content Distribution Deal with EPIX

April 17, 2017 at 12:09 pm 0 comments

Entertainment network EPIX said Monday that it has renewed its distribution agreement under it provides Frontier Communications (FTR) customers with access to its entertainment content. Terms of the agreement were not disclosed. Metro-Goldwyn-Mayer announced earlier this month that it will acquire full ownership of EPIX, having reached an agreement to acquire the interests held by joint venture partners Viacom (VIA),Read More

Bond Prices Give Up Some Gains

Bond Prices Give Up Some Gains

April 13, 2017 at 11:40 am 0 comments

U.S. Treasury prices further trimmed overnight gains Thursday as data improved and equities bumped into positive territory. Earlier traders booked profits in the initial leg lower. Overnight prices ticked through the highest levels since mid-November for much of the curve with the five-year leading. Data showed a surprise jump in consumer confidence while inflation measures were tamer than expected inRead More

Akoustis Technologies Secures Four Additional Patents

Akoustis Technologies Secures Four Additional Patents

April 12, 2017 at 11:59 am 0 comments

Akoustis Technologies said pre-market Wednesday that it has secured four additional patents in relation to its single-crystal piezoelectric materials, new bulk acoustic wave (BAW) resonators, wide-bandwidth RF filters and their application in mobile and other wireless devices. With these additional patents, the company said it now has 11 patents and various patents pending in the US and internationally. Two ofRead More

United Airlines Shares Drop

United Airlines Shares Drop

April 11, 2017 at 11:39 am 0 comments

Shares of United Continental Holdings, an airline holding company, fell nearly 4% as the fallout from a videotape showing a passenger being forcibly removed from the plane continued to reverberate. The company was vilified on social media Monday, and is facing further backlash after CEO Oscar Muniz’s letter defending employees was labeled “tone deaf” by the New York Post. MunozRead More