Financial News

Paramount Group Sells Waterview Building in Rosslyn, Virginia

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

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

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

General Electric Wins Orders in Austria, Germany

General Electric Company said Wednesday it has been awarded contracts for eight Integrated Compressor Line units up to 14 megawatt from two European energy operators. The company said it the technology will help Open Grid Europe and Trans Austria Gasleitung GmbH transport gas across the heart of Europe, responding toRead More