-
Bank Of America: AbbVie's Decision To Reconsider Merger With Shire 'A Surprise To Us'
Wednesday, October 15, 2014 - 10:32am | 290On Tuesday, AbbVie Inc (NYSE: ABBV) stated that its Board of Directors will meet on October 20 to reconsider its recommendation that shareholders approve the proposed merger agreement with Shire PLC (NASDAQ: SHPG). Shire responded and confirmed that its Board of Directors believe AbbVie should...
-
#PreMarket Primer: Wednesday, October 15: Falling Oil Prices Threaten Global Stability
Wednesday, October 15, 2014 - 7:49am | 1340Oil prices plunged on Tuesday, posting the largest one-day decline in about two years. The sharp fall was due in large part to the International Energy Agency’s decision to trim its global demand growth forecast for this year and the next amid a growing supply glut. Though demand is...
-
5 Companies That Could Develop An Enterovirus Treatment
Monday, October 13, 2014 - 8:07am | 926When it comes to the search for Ebola treatments, names like BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX), Chimerix Inc (NASDAQ: CMRX), Sarepta Therapeutics Inc (NASDAQ: SRPT) and Tekmira Pharmaceuticals Corporation (NASDAQ: TKMR) have cropped up frequently. Could these or other biotech companies...
-
Markets Little Changed Ahead Of Friday's Jobs Report
Thursday, October 2, 2014 - 5:10pm | 2062U.S. stocks reversed early morning declines and closed the day little changed ahead of Friday's job reports data, which will be released at 8:30 A.M. The number of Americans filing claims for unemployment benefits unexpectedly fell last week by 8,000 according to data released today. Not...
-
Markets Little Changed As Ukraine Uncertainty And Fears Persist
Wednesday, August 6, 2014 - 4:58pm | 3178U.S. stocks were little changed as uncertainty in Ukraine remains with comments out of Poland's government suggesting that the likelihood of a Russian invasion of Ukraine has increased over the past day. NATO's deputy secretary general shared similar sentiments and stated that Russia...
-
Highlights From Open Text's Impressive Second Quarter Conference Call
Thursday, July 31, 2014 - 2:59pm | 765Open Text (NASDAQ: OTEX) hosted its fourth quarter conference call following its top and bottom-line beat. Shares of the company traded recently at $55.75, up 15 percent. Quarterly highlights “As a company, our strength and uniqueness sit at the crossroads of information management, B2B...
-
Markets Little Changed Ahead Of The Federal Reserve's Policy Decision
Monday, July 28, 2014 - 4:36pm | 2462U.S. stocks were little changed ahead of the Federal Reserve's policy announcement due out on Wednesday. The Federal Reserve will conclude a two-day session, with the central bank likely to announce further cuts to its monthly asset purchases. In economic news, June home sales declined in...
-
Investors Focus On Earnings Rather Than Geopolitical Tensions
Friday, July 18, 2014 - 6:08pm | 2627U.S. stocks rose as many questions remain unanswered following the crash of MH17 over the unstable region of Donetsk in Ukraine. U.S. intelligence sources speculated the plane was brought down by a ground-to-air missile but cannot confirm who was responsible. Investors appear to focus on...
-
#PreMarket Primer: Tuesday, July 15: Citigroup Settles Mortgage Probe
Tuesday, July 15, 2014 - 7:18am | 1247On Monday, Citigroup settled the U.S. government’s probe into whether or not the firm misled investors and sold them faulty mortgages in the time leading up to the financial crisis. The lender agreed to pay $7 billion in fines, which includes a $4 billion penalty, $2.5 million in consumer...
-
Dow Sets New Intraday High; Citigroup Impresses With Earnings
Monday, July 14, 2014 - 4:44pm | 2632U.S. stocks rose as earning season unofficially kicked off with Citigroup reporting better than expected earnings. The Dow Jones Industrial average set new intra-day records, hitting an all time high of 17,088.43 as investors appear to be comfortable with holding blue chips instead of...
-
#PreMarket Primer: Monday, July 14: Germany Wins World Cup 1-0
Monday, July 14, 2014 - 7:14am | 1155Germany was crowned the world champion on Sunday night after defeating Argentina by one goal in extra time. The nation’s victory was its fourth in World Cup history marks the first time any European team was able to win playing in the Americas giving the entire continent something to...
-
Markets Close Higher Ahead Of Busy Earnings Season
Friday, July 11, 2014 - 4:40pm | 2373U.S. stocks rose ahead of next week's busy earnings schedule, but still finished lower for the week. On Tuesday, Yahoo! and Intel kick off earnings in the tech sector with eBay following on Wednesday. Investors will also see results from Citigroup, Goldman Sachs and JPMorgan Chase in the...
-
Stocks Rebound From 2 Day Drop As The Fed Confirms The End Of QE Is Near
Wednesday, July 9, 2014 - 4:40pm | 2399U.S. stocks rose following the FOMC minutes which stated that the Fed is on track for a final month of tapering in October. The Fed plans to slash $15 billion from its monthly asset purchasing program at that time. “Some committee members had been asked by members of the public whether...
-
Deutsche Bank Analyst Talks Up Biogen On CNBC; Stock Responds Slightly
Wednesday, July 9, 2014 - 12:32pm | 194Biogen Idec (NASDAQ: BIIB) moved up a bit after a Deutsche Bank analyst on Wednesday talked up prospects for one of its multiple sclerosis drug candidate. If the drug gets marketing approval "the stock could move up by $30 to $100 in a single day, by the end of this year," Deutsche...
-
#PreMarket Primer: Wednesday, July 9: Chinese CPI Cools In June
Wednesday, July 9, 2014 - 7:16am | 1037Consumer price index data from China came in slightly below expectations at 2.3 percent. The figure gave the People’s Bank of China more room to ease further if necessary and confirmed that the region’s domestic demand has been muted. The nation’s economic data has been...