Global News

China Digital Unit Gets Paid for Sale of Stake in Super TV

China Digital, provider of cloud-based application platforms to Chinese cable operators, said Wednesday its subsidiary Golden Benefit Technology has received payment amounting to RMB610 million ($88 million), less the previously received deposit, from Changxing Bao Li Rui Xin Technology for its interests in Beijing Super TV. As agreed, the buyerRead More

Great Lakes Dredge Appoints Ryan Levenson to Board

Great Lakes Dredge said late Wednesday said that Ryan Levenson has been appointed to the board as part of its settlement and standstill agreement with Privet Fund Management, which holds 5.2% stake in the company. Privet has agreed to customary standstill provisions and to vote in favor of any boardRead More

Crude Oil Prices Hold Asian Gains In To Europe Trading

Crude oil prices held gain in early Europe trading as Asian investors gave the commodity a solid start to the week on expectations that supply is set to match demand early next year and open into a gap favoring producers by the end of the first quarter. On the NewRead More

Vale Declines 2.5%

A planned alliance between Vale S.A and Australia’s Fortescue Metals Group may unravel, according to a report from the Wall Street Journal that cited Fortescue CEO Nev Power as saying. Shares of Vale retreated 2.5% intraday. “We’re still in discussions with Vale, but I think it is looking less andRead More

VistaGen Signs Sublicense Agreement On Cardiac Stem Cell Technology

VistaGen Therapeutics shares were higher 5% in recent pre-market trade after the biopharmaceutical company said it has signed a sublicense agreement with stem cell research company BlueRock Therapeutics for cardiac stem cell technology. VistaGen will receive an upfront cash payment of nearly $1.3 million and potential future milestone payments andRead More

Import and Export Slide Modest in Soaring Dollar Environment

The trade price report revealed only modest November price drop-backs in the face of a soaring dollar, with relative price firmness for exports versus imports, as seen throughout 2016, that beat estimates. There were November trade price drops of 0.3% for imports and just 0.1% for exports, with a 4.7%Read More