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Oil Down, Stock Market Dips

Oil Down, Stock Market Dips

With oil prices sliding, the Standard & Poor 500 index closed with a 0.1 percent or 1.42 points loss at 2,435.61 on June 21 due to losses made by the energy sector. Eight of 11 principal sectors went into negative territory. A surge in the biote..

Toshiba Picks the Preferred Bidder for its Chip Business

Toshiba Picks the Preferred Bidder for its Chip Business

On Wednesday, Toshiba Corp. named a preferred bidder for its chip business. The members of the Japanese consortium include the Innovation Network Corporation, a state-backed investment fund, as well as the American buyout firm Bain Capital and the D..

MSCI Adds China A Shares to Emerging Markets Index

MSCI Adds China A Shares to Emerging Markets Index

MSCI Inc. (NYSE: MSCI) on Tuesday finally said it plans to include Chinese-listed shares to its benchmark emerging markets index.The index company said it will add 222 China A Large Cap stocks on a gradual basis starting in June 2018, accountin..

Cenovus CEO Brian Ferguson to Resign, Planning to Sell Non-Core Assets

Cenovus CEO Brian Ferguson to Resign, Planning to Sell Non-Core Assets

On Tuesday, Cenovus Energy Inc (NYSE: CVE) announced that Brian Ferguson, the company’s President and CEO, will step down on October 31, but will continue in a transition adviser position until March 31, 2018.Cenovus said that i..

CareTech Holdings, PLC releases earnings; retains stock strength with reaffirmations by FinnCap and Panmure Gordon

CareTech Holdings, PLC releases earnings; retains stock strength with reaffirmations by FinnCap and Panmure Gordon

Caretech Holdings, PLC (LON: CTH), a specialized social care service provider in the UK, has released their interim biannual earnings report for the 6-month period ending March 31, 2017. The figures give a promising outlook for Caretech.After Panmur..

Clovis Oncology Inc. (NASDAQ: CLVS)Shares Spiked After Positive Phase 3 Data

Clovis Oncology Inc. (NASDAQ: CLVS)Shares Spiked After Positive Phase 3 Data

Clovis Oncology Inc. (NASDAQ: CLVS) is a biopharmaceutical company focused on acquiring, developing and commercializing innovative anti-cancer agents in the U.S., Europe and additional international markets. The company’s shares jumped ab..

German Aldi to Invest $3.4 billion in US Igniting Rivalry with Lidl

German Aldi to Invest $3.4 billion in US Igniting Rivalry with Lidl

German grocery chain Aldi announced over the weekend that it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022. Aldi operates 1,600 U.S. and is now planning to open 900 new stores over the next five years. The announcement was..