GO
Loading...

Companies

More

  • Dec 19- Shares of cancer drug developer Juno Therapeutics Inc soared as much as 65 percent in their market debut on Friday, capping a big year for biotech IPOs. Shares were priced at $24 per share, above the expected $21- $23. As of Sept. 30, Seattle- based Juno had raised about $314 million in private venture funding from investors including Amazon.com Inc co-founder...

  • Dec 19- Shares of Juno Therapeutics Inc, a biopharmaceutical company working on cancer treatments, rose as much as 64.5 percent in their market debut, valuing the company at about $3 billion. The stock touched a high of $39.50 shortly after trading started on the Nasdaq on Friday. The offering was priced at $24 per share, above the raised range of $21- $23.

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5...

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5...

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a small adjusted third-quarter profit and returned to positive cash flow, but shares fell as revenue declined more than expected. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of expectations. Colin Gillis, tech analyst at BGC Partners in New York, said BlackBerry Chief Executive...

  • US STOCKS-Futures edge higher after two-day rally Friday, 19 Dec 2014 | 7:34 AM ET

    *Brent edges above $60 a barrel. *Brent crude oil rose above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low while WTI crude advanced 1.7 percent to $55.02. *Cerus Corp shares jumped 13.6 percent to $7 before the opening bell after the company said the U.S. Food and Drug Administration approved its blood transfusion device for platelets.

  • EBay CEO to get $23M exit package after PayPal split Friday, 19 Dec 2014 | 1:33 AM ET
    John Donahoe, CEO, EBay

    EBay Chief Executive John Donahoe will get an exit package worth an estimated $23 million after the company splits from PayPal next year.

  • Dec 18- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, raised its profit forecast for the full year after reporting quarterly revenue and profit above market expectations, boosted by strong growth in subscriptions. Shares of Red Hat, which counts IBM Corp, Dell Inc and Alcatel-Lucent SA among its customers, were up 10.6...

  • Dec 18- Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with Chairman John Cahill succeeding him as the company battles sluggish demand for packaged food products in the United States. Kraft shares rose 6.4 percent to close at $63.38, an all-time high since the company was spun off from Mondelez...

  • NEW YORK, Dec 18- The S&P 500 closed out its biggest two-day advance since November 2011 on Thursday, extending a Federal Reserve-fueled rally from the previous session, while tech shares jumped after Oracle results. Oracle Corp jumped 10.2 percent to $45.35, a day after quarterly results topped Wall Street expectations. Shares of Apple climbed 3 percent to...

  • NEW YORK, Dec 18- U.S. stocks advanced more than 1 percent on Thursday, extending a rally from the previous session as tech shares gained with stronger-than-expected results from Oracle. The technology sector, up 2.4 percent, helped fuel the advance, buoyed by a gain of over 8 percent in Oracle Corp, a day after its quarterly results topped Wall Street expectations.

  • UPDATE 1-ConAgra Foods quarterly sales miss estimates Thursday, 18 Dec 2014 | 9:13 AM ET

    Dec 18- ConAgra Foods Inc reported quarterly sales that missed estimates due to weak demand for branded foods and said recovery in its under-performing private-label business would take longer than expected. Shares of the company, whose brands include Chef Boyardee and Healthy Choice, fell 1.2 percent to $36.66 in premarket trading on Wednesday.

  • LONDON/ HELSINKI, Dec 18- Two of Europe's top three remaining telecommunications equipment companies, Nokia Networks and Alcatel-Lucent, have revived talks on a possible merger, Germany's Manager Magazin reported on Thursday, citing company sources. Shares in Alcatel rose 8 percent following the report. Alcatel-Lucent and Nokia have held on-again,...

  • Dec 17- Tetraphase Pharmaceuticals Inc said its antibiotic to treat complicated intra-abdominal infections was as effective as Merck& co Inc's ertapenem in a late-stage study. Tetraphase is also testing the drug against Johnson& Johnson's levofloxacin to treat complicated urinary tract infections in another late-stage study, the results of which are...

  • Online lender OnDeck Capital's shares soar in debut Wednesday, 17 Dec 2014 | 10:16 AM ET

    The company raised $200 million after its initial public offering was priced at $20 per share, well above the expected range of $16- $18. OnDeck Capital's shares opened at $26.50 on the New York Stock Exchange and touched a high of $27.33. Morgan Stanley, Merrill Lynch, Pierce, Fenner& Smith, JP Morgan Securities and Deutsche Bank Securities are among underwriters...

  • Dec 17- Catlin Group Ltd, operator of the biggest syndicate in the Lloyd's of London insurance market, said it received a takeover approach from XL Group Plc that valued the company at 2.53 billion pounds. Catlin's shares rose as much as 17 percent to a record high of 679.50 pence on the London Stock Exchange on Wednesday. The stock was the top percentage gainer on...

  • US STOCKS-Futures rise ahead of Fed decision Wednesday, 17 Dec 2014 | 7:47 AM ET

    *FedEx shares fall after earnings. NEW YORK, Dec 17- U.S. stock index futures rose on Wednesday, following three days of losses for major Wall Street indexes, ahead of the year's final statement from the U.S. *FedEx shares fell 2.8 percent in light premarket trading after the package delivery company posted quarterly results.

  • Dec 17- Pozen Inc said two versions of its experimental heart drug were rejected for the second time by the U.S. Food and Drug Administration, which cited deficiencies in the manufacturing plant of a supplier of an active ingredient. Pozen's shares fell 19 percent to $7.30 in premarket trading on Wednesday. The two drugs, PA8140 and PA32540, are being evaluated for...

  • HONG KONG, Dec 17- Hong Kong's main share index finished down slightly on Wednesday as a rally in financial firms failed to offset slumping service and information technology shares. Among the most actively traded stocks on Hong Kong's main board were AVIC International Holding HK Ltd, down 3.0 percent at HK $0.65, CCT Land Holdings Ltd, unchanged at HK $0.02 and...

  • Dec 16- Shares of Auspex Pharmaceuticals Inc soared about 60 percent on Tuesday after the drug developer said its product for treating chorea, or involuntary movement associated with Huntington's disease, met the main goal in a late-stage study. The shares jumped about to $40 in extended trading after closing at $25.09 on Nasdaq. The company said it was also...