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IHS Markit Tops Estimates

IHS Markit, an information and analytics provider, reported Q4 adjusted EPS of $0.48, up from $0.44 in the same period a year ago and topping the estimate of $0.46 from analysts polled by CapIQ. Total revenues in the quarter ended Nov. 30 were $873.8 million, up from $555.7 million inRead More

Tutor Perini Wins LA Purple Line Contract

Tutor Perini, a construction company, said Tuesday it has received a notice of intent to award a contract from the Los Angeles County Metropolitan Transportation Authority for the Westside Purple Line extension Section 2 project. The contract is valued at more than $1.38 billion. The project involves construction of aRead More

European ADRs Edge Higher

American depository receipts of European stocks were 0.3% higher at 123.10 on the Bank of New York Mellon Europe ADR Index on Friday morning. Gainers in Continental Europe were led by Forward Pharma (FWP), a clinical-stage biopharmaceutical company, 5.2% higher, followed by voxelJet (VJET), a German three-dimensional printer manufacturer, upRead More

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

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

Braskem Agrees to Sell quantiQ Distribuidora to GTM’s Brazilian Unit

Braskem S.A said late Tuesday it signed a sales agreement with GTM do Brasil Comercio de Produtos QuĂ­micos, a subsidiary of GTM Holdings S.A., which is one of the largest chemical distributors in Latin America. ADRs climbed 2% intraday, touching their highest level since August 2011. They trade in aRead More