Financial News

Sanchez Energy Hits New 1.5-Year High

Shares of Sanchez Energy (SN) surged to a new high since June 2015 on Friday after it and funds managed by Blackstone’s (BX) Energy Partners said late Thursday they struck a 50/50 partnership to acquire Anadarko Petroleum’s (APC) working interest in approximately 318,000 gross operated acres in the Western EagleRead More

Willdan Gets Contract

Willdan Group said Wednesday it received a new three-year, $75 million base contract to implement Con Edison of New York’s commercial direct install program across the utility’s New York City and Westchester County service area. Shares added 2% in intraday trading. This new program replaces and expands Con Edison’s SmallRead More

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