Markets

Vericel Shares Gain 4%

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

Allegiant Travel Q4 Results Top Views

Allegiant Travel reported after hours Tuesday Q4 earnings and revenues that beat expectations compiled by Capital IQ. The travel company also raised its FY17 outlook on capital expenditures. Q4 EPS was $2.48 per share, down from $3.38 per share a year earlier but ten cents above the consensus. Revenues roseRead More

German Business Confidence Falls to Four-Month Low in January

Confidence among German executives unexpectedly weakened in January, signalling a gloomier outlook for the next six months, survey results have indicated. The Munich-based Ifo Institute’s business confidence indicator, which is based on approximately 7,000 monthly survey responses from firms in manufacturing, construction, wholesaling and retailing, slipped to 109.8 in JanuaryRead More

McDonald’s Q4 Results Narrowly Beat Expectations

McDonald’s shares were slightly higher pre-market Monday after the company reported Q4 earnings and revenues that narrowly beat consensus forecasts compiled by Capital IQ. Q4 EPS was $1.44 per share, up from $1.31 per share a year earlier and higher than GAAP expectations for $1.42 per share. Excluding a negativeRead More

Asian ADRs Edge Higher

American depository receipts of Asian stocks were trading 0.07% higher at 147.77 on the Bank of New York Mellon Asia ADR Index on Wednesday. In North Asia, the gainers were led by online game publisher Gravity (GRVY), and solar equipment provider SPI Energy (SPI), which rose 6.7% and 6.3% respectively.Read More

VALE S.A Gains 1%

VALE S.A is almost 1% higher after Fundacao Cesp, Brazil’s largest private-sector pension fund, said it is not in talks to sell all of part of its 200 million real ($62 million) stake in the iron ore producer. The fund issued a statement after newspaper Valor Economico published an interviewRead More