Markets

Financial Stocks Starting to Trim Small Declines

Financial stocks were trending lower Friday following nearly a week of outsized advances, with the NYSE Financial Sector Index slipping over 0.3% while financial companies in the S&P 500 Index were dropping about 0.2%. In company news, Mid-America Apartment Communities (MAA) rose Friday after the real estate investment trust lateRead More

European ADRs Edge Lower

American depository receipts of European stocks were 0.52% lower at 118.50 on the Bank of New York Mellon Europe ADR Index on Thursday morning. Decliners in Continental Europe were led by Aixtron (AIXG), a German provider of deposition equipment to the semiconductor industry, down by 3.5%, followed by Luxottica (LUX),Read More

Norwegian Cruise Line, Royal Caribbean Shares Rise on Approval to Begin Service to Cuba

Shares of Norwegian Cruise Line Holdings and Royal Caribbean Cruises were up Wednesday after the two companies received approval from the Cuban government to begin cruises to the once isolated island. Norwegian said it would begin service to Cuba in March under all three of its brands: Norwegian Cruise Line,Read More

Dollar Remains Directionless After Data

The dollar continues to struggle to find direction despite upbeat economic data. USD/JPY remains wedged in between 113.70 and 114.20, and EUR/USD between 1.0750 and 1.0725, with the dollar fractionally lower against the yen, but up 0.15% versus the euro. USD/CAD was inching higher in concert with profit-taking pressure onRead More

Solid Advance for Tech Stocks

Technology stocks were making up ground following last week’s declines, with shares of tech companies in the S&P 500 advancing more than 0.8%. In company news, FairPoint Communications (FRP) raced to a 17-month high on Monday after the internet and data services company agreed to a $1.5-billion buyout proposal fromRead More

YuMe Board OKs Expanded Restructuring Plan With 7% Workforce Reduction

YuMe Inc. shares were up Friday after the company said its board approved an expansion to a restructuring plan that includes a 7% reduction to its global workforce. The provider of video advertising products said it expects to implement the expanded restructuring through Q1, which should result in Q4 costRead More