Stock Movers

Facebook Says it Will Establish Stronger Ties to News Industry

Facebook said Wednesday it is starting The Facebook Journalism Project, establishing stronger ties to the news industry to develop products and working with publishers and educators as part of its effort to reduce the amount of fake news. The company said it will connect its product and engineering teams withRead More

MetLife Expects $300 Mln Operating Profit Increase Due To Higher Interest Rates

MetLife, an insurance provider, said it expects higher U.S. interest rates to increase operating profit by a total of $300 million over the next three years, according to a presentation linked to its outlook call. MetLife expects positive earnings impact of $45 million in 2017 followed by $105 million inRead More

Wynn Resorts, Crown Acquisitions, Form Joint Venture

Hospitality company Wynn Resorts and Crown Acquisitions, a real estate acquisitions and investment company, have formed a joint venture to own and operate the premier luxury retail space at Wynn Las Vegas. Under the terms of the deal, Crown will pay $472 million in gross proceeds in two installments. CrownRead More

CME Group Beefs Up Top Management Team

CME Group said Friday it appointed Julie Winkler and Kim Taylor to new roles on its management team. Winkler, a 20-year veteran of CME Group, will serve as the company’s chief commercial officer, overseeing sales, product marketing, research and data analysis functions as well as the company’s innovation lab. WinklerRead More

Clearside Biomedical to Sell $75 Million of Shares in Public Offering

Clearside Biomedica fell in extended trading after the late-stage biopharmaceutical company started an underwritten public offering of $75 million of shares. Shares decreased as much as 3%. All of the shares in the offering will be sold by Clearside. Clearside expects to grant the underwriters a 30-day option to purchaseRead More

Magellan Midstream Partners and LBC Tank Terminals Expanding Seabrook Terminal

Magellan Midstream Partners and LBC Tank Terminals are expanding the infrastructure of Seabrook Logistics by increasing its crude oil and condensate storage and pipeline assets in the Houston gulf coast area. Seabrook is a jointly–owned subsidiary of Magellan and LBC. Seabrook is constructing 1.7 million barrels of additional crude oilRead More