Asian ADRs Move Lower in Thursday Trading

Asian ADRs Move Lower in Thursday Trading

American depository receipts of Asian stocks were trading 0.23% lower at 141.55 on the Bank of New York Mellon Asia ADR Index on Thursday. In North Asia, the gainers were led by semiconductor company Semiconductor Manufacturing International (SMI), and ATA (ATAI), a provider of computer-based testing services in China, which surged 8% and 6.4% respectively. They were followed by China Xiniya Fashion (XNY), a provider of men’s business casual apparel […]

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Stock Indexes Lower

Stock Indexes Lower

Stock indexes were modestly lower in early trading Wednesday after the Dow Jones Industrial Average failed to breach the 20,000 mark amid weak pending home sales. Pending home sales in November fell to the lowest level since January as mortgage rates rise and the number of available homes declined, keeping would-be buyers on the sidelines, according to the National Association of Realtors. The pending home sales index, which is based […]

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MidEast Stocks Mixed

MidEast Stocks Mixed

MidEast shares were mixed, with Saudi Arabia rising to the highest level this year on a gain in banking stocks. Banking shares rose after a mild reaction the country’s budget, but the budget was seen as generally positive. In company news, Egypt Gas Co predicted lower net profit but higher revenues in 2017. Saudi Arabia’s main index jumped 1.3% to 7,257 points, Dubai slipped 0.3% to 3,542 points, Abu Dhabi […]

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CVR Energy and CVR Refining Rally

CVR Energy and CVR Refining Rally

Shares of CVR Energy and CVR Refining were rallying Thursday after media reports confirmed that president-elect Donald Trump chose billionaire investor Carl Icahn to be his special advisor on regulation. Icahn holds an 82% controlling stake in CVR Energy and about 4% of CVR Refining’s outstanding shares, according to Capital IQ. Shares of CVR Energy and CVR Refining jumped 13% and 12%, respectively, in intraday trading. Icahn, who has spent […]

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BlackBerry Shares Rise 2% Pre-Bell as Fiscal Q3 EPS Swings to Black

BlackBerry Shares Rise 2% Pre-Bell as Fiscal Q3 EPS Swings to Black

BlackBerry shares climbed 2.2% in pre-market after the company reported a Q3 fiscal 2017 adjusted earnings of $0.02 per share, beating the $0.01 average loss estimate from analysts polled by Capital IQ. Sales over the three months that ended Nov. 30 plummeted to $289 million from $548 million a year ago, coming in below the $327.5-million consensus. In a statement released early Tuesday, the company said it was raising its […]

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Aralez Unveils Commercial Launch of Blexten in Canada

Aralez Unveils Commercial Launch of Blexten in Canada

Aralez Pharma, a specialty pharmaceutical company, announced the commercial launch of Blexten in Canada. Blexten (a bilastine 20 mg oral tablet) is a second generation antihistamine drug for the treatment of the symptoms of seasonal allergic rhinitis (SAR) and chronic spontaneous urticaria (CSU) (such as itchiness and hives) in Canada. Blexten will be distributed in Canada by Tribute Pharmaceuticals Canada, a unit of the company. Blexten is an innovative drug, […]

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