Paramount Group Sells Waterview Building in Rosslyn, Virginia

Paramount Group Sells Waterview Building in Rosslyn, Virginia

February 1, 2017

Paramount Group said Wednesday it has agreed to sell Waterview, a 24-story 647,000 square foot, office building in Rosslyn, Virginia, for $460 million. Waterview is currently 99% leased, and all of the office space is leased to a single tenant, whose lease expires in January 2028. The company said theRead More

Pacific Coast Oil Trust Jumps More Than 14%

Pacific Coast Oil Trust Jumps More Than 14%

February 1, 2017

Pacific Coast Oil Trust is up more than 14% after the company said late Tuesday there will be no cash distribution to the holders of its units of beneficial interest of record on February 15. However, it expects to make a cash distribution to unitholders from net profits and overridingRead More

Vericel Shares Gain 4%

Vericel Shares Gain 4%

February 1, 2017

Vericel shares were 4% higher Wednesday morning after the the company said that it has implanted its first patient in the U.S. with its MACI, a cellular scaffold product indicated to the repair of cartilage defects of the knee. “Treating the first patient with MACI this soon following FDA approvalRead More

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United States Steel Q4 EPS Beats Estimates

United States Steel reported adjusted diluted net earnings per share of $0.27, well ahead of the average of estimates on Capital IQ for a loss of $0.02 and compared to the year earlier loss of $0.23. Net sales rose to $2.65 billion from $2.57 billion, almost in line with theRead More

Fitbit Slashes Q4 and FY16 Preliminary Results

Fitbit shares continued to spiral lower and hit a new record low Monday morning following the release of preliminary Q4 and FY16 results in which the company slashed sales and profit expectations, and announced guidance for FY17. FIT shares were down over 13% in recent morning trade with a newRead More

Health Care Stocks Leading Gainers

Health care stocks were helping limit losses for the broader markets Friday, with the NYSE Health Care Index 0.7% while shares of health care companies in the S&P 500 also were posting a 0.7% increase as a group. In company news, Aurinia Pharmaceuticals (AUPH) shares were higher Friday after theRead More

Ford Launches SmartLink Upgrade for Older Vehicles

Ford Motor Company said Friday that it will make connectivity features, normally only available on new modem-equipped vehicles, available to customers who own 2010-2016 model year Ford and Lincoln vehicles. By plugging in a new Ford SmartLink device to the OBD II port below the steering wheel, Ford says theseRead More

Jobless Claims Rise But Remain Near 43-Year Low

The 22,000 initial weekly jobless claims bounce to 259,000 reversed the 12,000 drop to the tightest levels in 4 decades at 237,000 (was 234,000) in the Bureau of Labor Statistics (BLS) survey week, versus prior lean readings of 249,000 in the New Year’s week and 237,000 in the Christmas week.Read More

Leidos Awarded U.S. Air Force Contract

Leidos Holdings was awarded a ten-year $350 million contract by the U.S. Air Force to continue providing mission planning systems engineering and integration for the Joint Missing Planning Enterprise. Under the systems engineering and integration contract (SEIC), Leidos will continue to provide Joint Mission Planning System architecture design, program management,Read More