Movers

Oil Rises On Inventory Data

Oil Rises On Inventory Data

Movers July 31, 2019 at 2:23 pm 0 comments

Crude oil prices were up early on Wednesday on smaller U.S. inventories and hopes that a U.S. interest-rate cut will boost demand. West Texas Intermediate crude for September delivery was last seen up US$0.58 to US$58.63 per barrel while near month Brent crude was US$0.55 higher at US$65.27. In itsRead More

AbbVie Set to Acquire Botox Maker Allergan in Cash-and-Stock Deal Valued at $63 Billion

AbbVie Set to Acquire Botox Maker Allergan in Cash-and-Stock Deal Valued at $63 Billion

Movers, Technology June 25, 2019 at 1:29 pm 0 comments

AbbVie (ABBV) said on Tuesday it will acquire Allergan (AGN), which has a portfolio of pharmaceuticals including Botox skin treatment and CoolSculpting for fat loss in a $63 billion cash-and-stock deal. The combined company will have a combined 2019 revenue of about $48 billion and will have leading positions inRead More

European ADRs Move Higher

European ADRs Move Higher

Movers June 21, 2019 at 4:15 pm 0 comments

American depositary receipts of European stocks were trading 0.51% higher at 1,053.33 on the BNY Mellon Europe Select ADR Index on Friday. In continental Europe, the gainers were led by biotech firm Forward Pharma (FWP) and online dating site operator Spark Networks (LOV), which rose 2.7% and 2.4% respectively. TheyRead More

Fears of Higher Lumber Prices Dent US Home Builder Stocks

Fears of Higher Lumber Prices Dent US Home Builder Stocks

Movers June 12, 2019 at 6:56 am 0 comments

Shares of US home builders and lumber distributors fell broadly on Tuesday on worries over the impact of higher lumber prices on their profits after Canada’s major lumber supplier Canfor (CFP.TO) moved to curtail operations at all of its British Columbia sawmills, except its WynnWood operations, due to poor lumberRead More

Financial Stocks See Solid Gains

Financial Stocks See Solid Gains

Movers June 10, 2019 at 6:59 pm 0 comments

Financial stocks were advancing in afternoon trading, including a 0.8% gain for the NYSE Financial Index while shares of financial companies in the S&P 500 were rising 1.3%. The Philadelphia Housing Index was rising 0.5%. Among financial stocks moving on news: (-) Banco Bradesco (BBD) dropped 2% after Goldman SachsRead More