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GM’s Second-Quarter Deliveries Fall 1.5%

GM’s Second-Quarter Deliveries Fall 1.5%

July 2, 2019 at 3:19 pm

General Motors (GM) on Tuesday said second-quarter deliveries in the US were down 1.5% year-over-year, weighed down by sharp declines in its Chevrolet brand. The automaker said it delivered 746,659 vehicles in the quarter, down from 758,376. Shares of GM were 1.1% lower in afternoon trading. GMC deliveries rose 9.8% to 151,700 vehicles and Buick gained 4.7% to 55,373. CadillacRead More

Hennes & Mauritz Shares Surge

Hennes & Mauritz Shares Surge

June 27, 2019 at 10:24 am

Shares of Hennes & Mauritz (HNNMY, HM.S, HMSB.F), the world’s second-biggest fashion retailer, surged as the firm reported a jump in sales for the fourth straight quarter, a signal that an upgrade of its logistical systems to transform the group’s supply chain is working. Net sales rose by 11% to 57.47 billion Swedish kroner ($6.20 billion) during the three monthsRead More

FactSet Raises Full-Year Earnings Guidance

FactSet Raises Full-Year Earnings Guidance

June 25, 2019 at 10:48 am

FactSet (FDS) raised its full-year earnings guidance on Tuesday as it posted better-than-expected results for its fiscal third quarter which was supported by higher sales of analytics and technology solutions. The Norwalk, Conn,-based company, which provides financial information and analytics, said it is now targeting revenue of $1.42 billion to $1.44 billion, compared with earlier guidance issued in March forRead More

Oil Pushes Higher On Dollar Drop

Oil Pushes Higher On Dollar Drop

June 20, 2019 at 10:24 am

Oil prices were higher early on Thursday as the U.S. dollar fell following indications that interest rates will be cut this year, while Middle East tensions rose as Iran shot down a U.S. drone and U.S. inventories fell more than expected. West Texas Intermediate crude for July delivery was last seen up US$1.88 to US$55.64 per barrel while August BrentRead More

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Health Care Edging Lower in Recent Trade

June 14, 2019 at 2:57 pm

Health care stocks were slipping this afternoon, with the NYSE Health Care Index declining nearly 0.3% while shares of health care companies in the S&P 500 were down more than 0.2%. The Nasdaq Biotechnology index was falling almost 1.0%. Among health care stocks moving on news: (-) Seres Therapeutics (MCRB) dropped almost 29% to a worst-ever $2.02 a share afterRead More

HD Supply Shares Retreat

HD Supply Shares Retreat

June 11, 2019 at 10:45 am

HD Supply (HDS) shares dropped 6.5% in early trading as the industrial-distribution company cut its full-year guidance, even as fiscal first-quarter topped analysts expectations on Tuesday. The Atlanta-based firm said it now expects adjusted per-share earnings between $3.52 to $3.70 for its fiscal 2020, down from its previous view of $3.52 to $3.81. Net sales are projected between $6.25 billionRead More

Stocks Surge as Weak Job Growth Numbers Fuel Rate-Cut Hopes, Trade Tensions Ease

Stocks Surge as Weak Job Growth Numbers Fuel Rate-Cut Hopes, Trade Tensions Ease

June 8, 2019 at 8:36 am

Stocks surged on Friday as lower-than-expected job growth numbers for May fueled investor views that the Federal Reserve may cut interest rates. Equities were also pushed higher amid possible thaws in the US trade tensions with the Mexico and China. Government data released before the market open showed the US added far fewer jobs than expected in May while theRead More

US Factory Orders Nudge Lower as Demand for Nondurable Goods Declines

US Factory Orders Nudge Lower as Demand for Nondurable Goods Declines

June 4, 2019 at 2:51 pm

US factory orders fell in line with analysts’ estimates in April as a decline in demand for durable goods offset rising orders of nondurable items, which were bolstered by petroleum and coal. New orders for manufactured goods decreased by 0.8% to $499.3 billion in April, according to data published by the Census Bureau. This marked a departure from the revisedRead More

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Licensed through http://www.canstockphoto.com in accordance with the End User License Agreement (http://www.canstockphoto.com/legal.php)
(c) Can Stock Photo Inc. / bbbar

Merrimack Pharma Scraps Sale Plan After Review, Cuts Workforce to Extend Cash Runway

June 1, 2019 at 3:18 pm

Merrimack Pharmaceuticals (MACK) said on Thursday it will restructure the company, including cutting its workforce and the board, to extend its cash runway into 2027 and pay a special dividend following a strategic review that also included a sale of the company. The company said its team worked with potential counterparties, but decided not to move forward because the termsRead More