Stock News

Overnight Fixed Income Wrap: 10-Year Bund Yields Up 3.3 bps at 0.492%

June 7, 2018 at 4:07 am

Ten-year Bund yields rose 3.3 basis points to 0.492% in opening trade, with the 0.5% mark coming into sight as a hawkish turn at the European Central Bank continued to put pressure on global bond markets. Ten-year Treasury yields were up 0.6 bp at 2.977%, while 10-year Japanese government bonds eased 0.1 bp to 0.038%. ECB chief economist Peter PraetRead More

Evogene and BASF Sign Multi-Year Collaboration Deal to Develop Novel Insecticides

Evogene and BASF Sign Multi-Year Collaboration Deal to Develop Novel Insecticides

June 1, 2018 at 12:13 pm

Evogene (EVGN), a biotechnology company developing novel products for life science markets, said Tuesday that it has entered into a new collaboration with chemical company BASF to develop novel insecticides based on new binding areas (Site-of-Action or SoA) on key insecticidal target proteins. EVGN shares rose more than 5% in the pre-market session. The companies also announced that the collaborationRead More

FDA Accepts Loxo Oncology’s New Drug Application for Larotrectinib

FDA Accepts Loxo Oncology’s New Drug Application for Larotrectinib

June 1, 2018 at 12:12 pm

Loxo Oncology (LOXO) said pre-market Tuesday that the US Food and Drug Administration has accepted the company’s New Drug Application and granted Priority Review for larotrectinib, an oral and highly selective investigational tropomyosin receptor kinase for treating adult and pediatric patients with locally advanced or metastatic solid tumors harboring an NTRK gene fusion. The agency has scheduled a target actionRead More

Quotient Beats Estimates; Narrows Fiscal Q4 Loss, Revenue Rises YoY

Quotient Beats Estimates; Narrows Fiscal Q4 Loss, Revenue Rises YoY

June 1, 2018 at 12:11 pm

Quotient (QTNT), a commercial-stage diagnostics company, reported Tuesday fiscal Q4 net loss of $0.44 per share, which came in narrower than the $0.69 loss per share in the prior year period. The average Street estimate from three analysts was $0.48 loss per share. Revenue for the quarter ended March 31 was $6.1 million, up from $4.7 million reported for theRead More

Total Partners with Sonangol in Angola

Total Partners with Sonangol in Angola

June 1, 2018 at 12:10 pm

Total (TOT) said Monday that it has signed several agreements with Sonangol covering the energy company’s upstream and downstream operations in Angola. Total signed a risk service agreement for the deepwater Block 48 exploration license, which the company will operate. It will also partner with Sonangol to develop a network of service stations in Angola, including petroleum product logistics andRead More

Leju Holdings Posts Narrower Q1 Loss, Revenue Increases vs. Prior Year

Leju Holdings Posts Narrower Q1 Loss, Revenue Increases vs. Prior Year

June 1, 2018 at 12:09 pm

Leju Holdings (LEJU), a real estate services provider in China, reported on Monday Q1 adjusted loss of $0.13 per ADS, narrower than the loss of $0.18 per ADS in the same period a year ago. Total revenue of $81.5 million was up from $68.3 million in the same period a year ago. The company expects Q2 revenue in the rangeRead More

Whole Foods Offering Discounts, Sales For Amazon Prime Members as Grocery Wars Heat Up

Whole Foods Offering Discounts, Sales For Amazon Prime Members as Grocery Wars Heat Up

May 21, 2018 at 10:47 am

Whole Foods Market (WFM), recently acquired by Amazon (AMZN), said on Wednesday it would offer 10% off sale items and weekly discounts for Amazon Prime members, escalating the grocery stores war as expected. The discounts are already available at stores in Florida and will expand to all Whole Foods and Whole Foods 365 stories nationally this summer, the company saidRead More