European ADRs Edge Higher

American depository receipts of European stocks were 0.3% higher at 123.10 on the Bank of New York Mellon Europe ADR Index on Friday morning. Gainers in Continental Europe were led by Forward Pharma (FWP), a clinical-stage biopharmaceutical company, 5.2% higher, followed by voxelJet (VJET), a German three-dimensional printer manufacturer, upRead More

Genie Energy Starts Drilling Services Company in Israel

Genie Energy, operator of multiline utilities, said it is establishing Atid Drilling Ltd., (Atid), an on-shore drilling services venture based in Israel. Atid will pursue drilling opportunities for clients in a variety of fields including oil and gas exploration, water resource development and mineral exploration. Atid has executed a bindingRead More

Incyte Shares Hit New 13-Month High

Shares of Incyte Corp. rose to a new 13-month high on Monday after the company and Merck (MRK) said they will advance a program that will investigate the combination of Incyte’s epacadostat with Merck’s Keytruda. The companies said they plan to start studies evaluating the combination for non-small cell lungRead More

Alexco Resource Expands Mineral Resource Estimate

Alexco Resource, a mining company that provides consulting, remediation solutions and project management services, said Monday that it now estimates that mineral resource for the Bermingham deposit, located within the Keno Hill Silver District in Canada’s Yukon Territory to be 17.3 million ounces of contained silver, expanded from the previousRead More

Consumer Discretionary Stocks Outpace Staples

Consumer stocks still were mostly on positive ground this afternoon, with shares of consumer staples companies in the S&P 500 gaining about 0.1%, reversing an earlier decline, while shares of consumer discretionary firms in the S&P 500 increased nearly 0.4%. In company news, Toyota Motor Corp (TM) declined Tuesday afterRead More

Mattel, Hasbro Shares Slide

Shares of Mattel and Hasbro were down over 2% Thursday morning after NPD Group said toy sales fell 9% year-over-year in the sixth week of the holiday season. The market research firm said the toy segment experienced its “steepest decline of the season so far.” ¬†NPD noted that dollar salesRead More