Financial News

Asian ADRs Move Higher

American depository receipts of Asian stocks were trading 0.60% higher at 146.91 on the Bank of New York Mellon Asia ADR Index on Tuesday. In North Asia, the gainers were led by Baozun (BZUN), a brand e-commerce solutions company, and airline operator China Southern Airlines (ZNH), which surged 8% andRead More

Celgene Sees Mixed 2016 Results

Celgene, a biopharmaceutical company, said Monday that it expects 2016 adjusted earnings of approximately $5.94 per share, representing a 26% increase over the prior year period; and total net product sales of $11.19 billion, representing a 22% year-over-year increase. The Street estimate calls for earnings of $5.92 per share onRead More

Asian ADRs Move Lower

American depository receipts of Asian stocks were trading 0.67% lower at 145.74 on the Bank of New York Mellon Asia ADR Index on Friday. In North Asia, the gainers were led by Renren (RENN), a social networking Internet platform in China, and Kingtone Wirelessinfo Solution (KONE), a mobile enterprise solutionsRead More

MagneGas Strikes Largest Single Deal in Its History

MagneGas shares were higher 5% on Thursday after the company said it has won a nearly $2.7 million order from an unnamed German company, representing the largest single sale in its history. ┬áMagneGas is providing its gasification and sterilization systems as well as Magnegas2 fuel and cylinders. “The German companyRead More

BMW to Have 40 Self-Driving Cars

BMW Group, Intel and Mobileye said about 40 self-driving BMW cars will be on the roads in the second half of this year as a result of a technological partnership to pool resources to develop autonomous vehicles. The BMW 7 Series will employ cutting-edge Intel and Mobileye technologies during globalRead More

Eclipse Resources Shuffles Management Staff

Eclipse Resources, an independent exploration and production company, said Senior Vice President of Drilling and Completions Oleg Tolmachev has taken on the additional role of chief operating officer and has assumed full time responsibility over its Utica and Marcellus shale properties. Former Chief Operating Officer Tom Liberatore has assumed aRead More