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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

General Motors December US Retail Sales Grow From Year Earlier

General Motors said its sales to individual retail customers in the US rose more than 3% in December from a year earlier to 249,983 vehicles, its best GM December performance since 2007. US retail sales at its Chevrolet brand jumped 8%, the best December sales performance since 2005, the companyRead More

Alexco Resource Expands Mineral Resource Estimate

Alexco Resource, a mining company that provides consulting, remediation solutions and project management services, said Monday that it now estimates that mineral resource for the Bermingham deposit, located within the Keno Hill Silver District in Canada’s Yukon Territory to be 17.3 million ounces of contained silver, expanded from the previousRead 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