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Oil Prices Marginally Higher, WTI Flirts with $51 Per Barrel

West Texas Intermediate (WTI) crude oil futures for delivery in November were 0.2% higher at $50.87 per barrel during Wednesday’s pre-market trading session while Brent oil futures for delivery in December were 0.1% higher at $52.48 per barrel. The pre-bell price advances come ahead of the release of minutes fromRead More

Vera Bradley Taking Action to Address Potential Data Breach Involving Payment Cards at Stores

Vera Bradley (VRA) said it is investigating a potential security breach involving customer data at its retail stores over the summer. The company said it was informed of a potential issue by law enforcement on Sept. 15. and hired a computer security firm to assess the size and scope ofRead More

Ericsson Falls 18% on Q3 Guidance Warning

Shares of Ericsson (ERIC) were down by more than 18% Wednesday after the Swedish telecommunications major warned that its business results for the third quarter of the year would be “significantly lower” than its previous expectations saying that weaker demand for mobile broadband had accelerated. ERIC opened for trade atRead More

Royal Caribbean Cruises Signs MOU With Meyer Turku For More Eco-Friendly Ships, Provides Capex Figures

Royal Caribbean Cruises (RCL) unveiled late Monday a new line of more environmentally friendly ships through a partnership with shipbuilder Meyer Turku and provided capital expenditure figures through 2020. The cruise line said its newest class of ships will be powered by liquefied natural gas and will introduce the useRead More

Superior Drilling Products Up 4% – Says Distribution Partner Drilling Tools Exceeds Minimum Order Requirement

Superior Drilling Products (SDPI,) a designer and manufacturer of drilling tools, said late Monday that its distribution partner, Drilling Tools International exceeded its minimum requirement for tool orders of $2 million. The initial distribution agreement signed in May 2016 required a minimum order of $1.5 million of Drill-N-Ream tools byRead More

Asian ADRs Move Lower in Tuesday Trading

American depository receipts of Asian stocks were trading 0.52% lower at 146.81 on the Bank of New York Mellon Asia ADR Index on Tuesday. In North Asia, gainers were led by telecommunications company China Unicom (CHU), which rose 2%, followed by hotel operator China Lodging (HTHT), and Chinese search engineRead More