Global News

Euro Ends Higher For First Time as Clinton Probe Weighs on USD Late In The Week

The dollar closed higher against the yen and British pound this week, but ended its winning streak versus the euro by closing in the red for the first time in four weeks. The persistent selling pressure against the European joint currency was finally extinguished thanks to remarks from European CentralRead More

MiMedx Q3 Adjusted Profit Meets Street Mark, Sales Beat; Shares Edge Up 2.8%

MiMedx Group, Inc (MDXG), a developer of regenerative biomaterial products, reported Thursday Q3 adjusted net profit of $0.06 per share, unchanged from the prior year period and came in line with the Street estimate provided by Capital IQ. Net sales were $64.4 million, up from $49 million reported for theRead More

Health Care Slump Reaches One Week

Health care stocks fell for a fifth day in a row on Wednesday, with the NYSE Health Care Index posting a 1.1% retreat today while shares of health care companies in the S&P 500 were down 0.6% as a group. In company news, Edwards Lifesciences (EW) tumbled Wednesday and WallRead More

European ADRs Fractionally Lower as Pharma, Telecom Stocks See Mixed Fortunes

American depository receipts of European stocks were 0.3% lower at 118.61 on the Bank of New York Mellon Europe ADR Index on Tuesday morning. Decliners in Continental Europe were led by Nabriva Therapeutics (NBRV), an Austria-based clinical-stage biopharmaceutical company, 4.1% lower, followed by Novartis (NVS), a Swiss company which manufacturesRead More

Embraer-Empresa Brasileira de Aeronautica Inks Settlement Deals in U.S. and Brazil

Embraer-Empresa Brasileira de Aeronautica (ERJ) is firmer after the company said in a Securities and Exchange Commission (SEC) filing it has finalized definitive agreements with the SEC and Department of Justice (DOJ) to settle criminal and civil violations of the U.S. Foreign Corrupt Practices Act (FCPA). The company also saidRead More

Stocks Turn Defensive; Microsoft and McDonalds Quarterly Results Beat Expectations

Stocks were set to open lower on Friday in spite of positive results from Dow component stocks McDonalds (MCD) and Microsoft (MSFT) as investors lighten up positions before the weekend, and ahead of today’s speeches by Fed Governor Daniel Tarullo and San Francisco President John Williams. After the close onRead More