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  • 10/19/2017 15:13:11

    Celgene shares drop after Crohn's disease drug trials halted

    Celgene Corp. shares dropped in the extended session Thursday after the biotech company said it would discontinue two clinical trials for a Crohn's disease treatment and not start a third. Celgene shares fell 6.2% to $127.55 after hours, following a brief halt. Based on an analysis from a data monitoring committee assessing overall benefit and risk, Celgene said it would discontinue a late-stage clinical trial for the drug GED-0301 to treat Crohn's disease along with an extension trial. Crohn's disease is characterized by a chronic inflammation that can run the entirety of the digestive tract. Celgene said it will also not start a third late-stage clinical trial of the drug for Crohn's disease. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/05/2017 16:01:32

    White House chief of staff John Kelly's phone may have been compromised for months: report

    White House chief of staff John Kelly's personal phone was believed to be compromised by hackers for months before being discovered, according to a Politico report late Thursday. White House tech support staff discovered the breach this summer, after Kelly complained his phone wasn't working properly, Politico said. The breach may have occurred as long ago as December, and potentially exposed data on his phone from not just the White House, but the Department of Homeland Security, where he was formerly secretary. Kelly became President Donald Trump's chief of staff in July. White House officials told Politico that Kelly had not used the phone much since joining the administration, relying mostly on a government-issued phone instead. In a separate report Wednesday, the Wall Street Journal reported that Russian hackers stole highly classified National Security Agency secrets in 2015 by using Kaspersky antivirus software to target an NSA contractor who had sensitive information on his home computer.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/05/2017 07:37:45

    S&P 500 set to log longest streak of records in 20 years as stock market opens at all-time highs

    U.S. stock benchmarks opened modestly higher on Thursday, but enough to book fresh records, as investors bought technology stocks, as investors pored over speeches from several Federal Reserve officials and a key employment report on Friday. The Dow Jones Industrial Average traded flat at 22,657, the S&P 500 index advanced 0.1% at 2,540. If the broad-market benchmark finishes with a record on Thursday it will market its longest string of all-time high closes, six consecutively, since 1997, according to WSJ Market Data Group. Philadelphia Fed President Patrick Harker said he is expecting on additional rate hike in December, during a speech in Austin. Meanwhile, the Nasdaq Composite Index enjoyed the best opening bump, up 0.4% at 6,563. In corporate news, United Parcel Service Inc. fell 2.3%, while FedEx Corp. was down after Bloomberg reported that Amazon.com Inc. was testing a new delivery service. On Friday, the market will assess the Labor Department's nonfarm-payrolls report.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/01/2017 23:03:58

    Uber’s path to win back London: data, fines and fees

    (Reuters) - If history is a guide, Uber Technologies new Chief Executive Dara Khosrowshahi is likely to dangle data sharing and a promise to pay fines and fees when he sits down with London officials to negotiate the ride service's future in one of its most important markets.

  • 09/29/2017 09:52:47

    Biotech Prothena shares fall after it scraps psoriasis trial

    Shares of biotech Prothena Corp. Plc slid 3.3% Friday, after the company said it was scrapping a psoriasis treatment after a trial failed to show the effects the company was seeking. Dublin-based Prothena said the trial of PRX003 me its primary goal of targeting CD146, a melanoma cell adhesion molecule, but it failed to show "a well-defined relationship between biological activity and meaningful clinical effect," as the company was hoping. The trial involved 33 patients and the company has learned from it. But it will not be pushing for a Phase 2 trial, a move that will save it $30 million to $50 million, according to Instinet analyst Christopher Marai. "We expected that data from the small trial would be difficult to interpret and believe investor expectations for a positive read-out were low," he wrote in a note. "We would buy on any weakness following this update." Marai recommends owning the stock ahead of a year he expects will be filled with catalysts, including data from trials of NEOD001, an investigational treatment for AL amyloidosis, a disease that can affect the heart, kidneys, skin, nerves and liver. The analyst rates the stock a buy with an $87 price target, or 30% above its current trading level. Shares have gained 34% in 2017, while the S&P 500 has gained 12%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/27/2017 13:51:28

    Applied Materials to buy back $3 billion in shares, sees $5.08 EPS by 2020

    Shares of Applied Materials Inc. surged Wednesday on positive momentum in the chip sector and the chip materials company's long-term forecast and share buyback program. Applied Materials shares rallied 6.9% to $49.09, helped in part by Micron Technology Inc.'s strong forecast for memory chips, and are up 52% year to date. Applied Materials forecast adjusted earnings of $5.08 a share in fiscal 2020 as Internet-of-things applications, Big Data and artificial intelligence drive computing demand. For the current year, analysts surveyed by FactSet expect fiscal earnings of $3.21 a share. The company also announced a new $3 billion share repurchase program in addition to the $995 million that remains on an earlier program. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/22/2017 13:52:51

    Record number of S&P 500 companies have issued upbeat revenue guidance

    The beginning of third-quarter earnings reporting season is still a few weeks away, but a record number of companies have already provided revenue guidance that was above expectations, according to Senior Earnings Analyst John Butters at FactSet. FactSet has been tracking guidance since 2006. Overall, 54 companies have issued positive revenue guidance, which is more than double the five-year average of 25, and above the first-quarter 2011 record of 45, Butters said. Over half (30) of the positive revenue guidance comes for the information technology sector, followed by 11 from the consumer discretionary sector and eight from health care, FactSet data shows. Since the end of the second quarter, the SPDR Technology Select Sector ETF has climbed 7.0%, the SPDR Consumer Discretionary Select Sector ETF has eased 0.1%, the SPDR Health Care Select Sector ETF has tacked on 3.0% and the S&P 500 has gained 3.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/14/2017 14:02:01

    Dow ends at record as stocks post mixed finish

    U.S. equity indexes finished the day mixed, with the Dow Jones Industrial Average closing at a record, while the S&P 500 and the Nasdaq Composite slipped to lower levels. The Dow, helped by gains in the industrials and healthcare sectors, rose 0.2% to 22,207. The S&P 500, on the other hand, was dragged down by poor performances of healthcare and consumer discretionary stocks, finishing the day 0.1% lower at 2,496. The tech-heavy Nasdaq Composite fell 0.5% to 6,429. In individual stocks, Equifax fell 2.4% lower following the disclosure of a massive data breach last week. Home builder William Lyon Homes fell 5.8% as hedge fund Paulson&Co said it would divest its stake in the business.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/08/2017 14:12:30

    Stocks finish mixed on hurricane and geopolitical risks

    U.S. equity benchmarks ended Friday on a mixed note, with both the S&P 500 and the Nasdaq Composite in the red but the Dow Jones Industrial Average slightly higher as Hurricane Irma is set to make landfall in Florida over the weekend. Tensions with North Korea also weighed on investors' minds, as the market fears the country will test a ballistic missile to commemorate its founding on Saturday. The S&P 500 slipped 0.1% to 2,462 thanks to weaker energy stocks--down 0.6% on the week--while the tech-focused Nasdaq Composite Index weakened 0.7% to 6,357, down 1.2% on the week. The Dow finished the week more or less flat at 21,789, as strong gains in the financials sector outweighed losses in energy and information technology. On the week, the Dow dipped 0.9%. In individual stocks, Equifax Inc. shares plunged 13.7% following the news of a data breach affecting 143 million Americans' personal information, such as social security, drivers license and credit card numbers.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/01/2017 15:26:32

    General Motors and Lululemon rise while Tech Data tumbles

    General Motors, Lululemon Athletic and JPMorgan Chase gain ground while Tech Data slide

  • 08/31/2017 14:30:20

    Tech Data shares drop on earnings miss, outlook

    Tech Data Corp. shares dropped in the extended session Thursday after the tech products distributor's earnings and outlook fell short of Wall Street estimates. Tech Data shares fell 12% to $97.35 after hours. The company reported second-quarter net income of $47.5 million, or $1.24 a share, compared to $50.3 million, or $1.31 a share, in the year-ago period. Adjusted earnings were $1.74 a share. Revenue rose to $8.88 billion from $6.35 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of $2.06 a share on revenue of $8.75 billion. For the third quarter, Tech Data estimates earnings of $1.84 to $2.04 a share on revenue of $9 billion to $9.35 billion. Analysts expect earnings of $2.22 a share on revenue of $8.66 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/31/2017 10:03:49

    BRIEF-Tech Data signs distribution agreement for Propel Star Wars drones

    * ‍Agreement with Propel to distribute their limited collector's edition Star Wars battle drones​ Source text for Eikon: Further company coverage:

  • 08/15/2017 09:35:54

    UPDATE 2-Uber settles U.S. allegations over privacy, security -FTC

    WASHINGTON, Aug 15 (Reuters) - U.S. regulators said on Tuesday that Uber Technologies Inc agreed to do more to protect the privacy of customer and driver data in settling allegations that the ride-hailing company had made deceptive privacy and data security claims.

  • 08/15/2017 09:07:40

    Uber settles U.S. allegations over privacy, security -FTC

    WASHINGTON (Reuters) - U.S. regulators said on Tuesday that Uber Technologies Inc agreed to do more to protect the privacy of customer and driver data in settling allegations that the ride-hailing company had made deceptive privacy and data security claims.

  • 08/15/2017 09:03:33

    UPDATE 1-Uber settles U.S. allegations over privacy, security -FTC

    WASHINGTON, Aug 15 (Reuters) - U.S. regulators said on Tuesday that Uber Technologies Inc agreed to do more to protect the privacy of customer and driver data in settling allegations that the ride-hailing company had made deceptive privacy and data security claims.

  • 08/14/2017 15:26:44

    Tepper's Appaloosa dumps Snap Inc., stake, loads up on tech, health care

    David Tepper's hedge fund Appaloosa Management unloaded its position in Snapchat-parent Snap Inc., and disclosed increases in the tech and health-care sectors at the end of the second quarter. As of June 30, Tepper's fund showed that his fund dumped 100,000 shares of of Snap Inc. , which has lost more than a third of its value since it debuted as a public entity in early March. Tepper had been one of a number of prominent investors who had vocally expressed support of the social-messaging company. On Monday, Snap's shares were among the most active, gaining about 6.5% to start the week. Elsewhere, Appaloosa showed new positions in the PowerShares QQQ Trust Series 1 , which mimics the technology laden Nasdaq-100 , purchasing 1.8 million shares of the so-called QQQs, valued at $249 million, representing about 3.7% of his overall portfolio, according to data from research provider Whalewisdom.com. The fund also more than doubled its Apple Inc. position to 625,000 shares worth about $90 million and those of Altaba Inc. , which he boosted to 5.1 million shares valued at $280 million. Appaloosa showed a fresh stake in Alibaba Group Holding Limited , scooping up 3.6 million shares worth $520 million. Tepper's investment vehicle added a new position in exchange-traded IBB , a prominent ETF tracking the biotech sector, and SPDR S&P Biotech ETF , which closely mimics the S&P 500's health-care sector. Tepper's firm bought 235,000 shares of IBB worth about $73 million and 330,000 shares of XBI valued at $34 million, as of the end of June. In other sales, Tepper & Co. unloaded all of its position in Teva Pharmaceutical Industries , Energy Transfer Partners L.P. and Pfizer Inc. among others. Related: Active-managers have a new favorite toolMarket Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/14/2017 15:14:19

    Tepper's Appaloosa dumps Snap Inc. stake, loads up on tech, health care

    David Tepper's hedge fund Appaloosa Management unloaded its position in Snapchat-parent Snap Inc., and disclosed increases in the tech and health-care sectors at the end of the second quarter. As of June 30, Tepper's fund showed that his fund dumped 100,000 shares of of Snap Inc. , which has lost more than a third of its value since it debuted as a public entity in early March. Tepper had been one of a number of prominent investors who had vocally expressed support of the social-messaging company. On Monday, Snap's shares were among the most active, gaining about 6.5% to start the week. Elsewhere, Appaloosa showed new positions in the PowerShares QQQ Trust Series 1 , which mimics the technology laden Nasdaq-100 , purchasing 1.8 million shares of the so-called QQQs, valued at $249 million, representing about 3.7% of his overall portfolio, according to data from research provider Whalewisdom.com. The fund also more than doubled its Apple Inc. position to 625,000 shares worth about $90 million and those of Altaba Inc. , which he boosted to 5.1 million shares valued at $280 million. Appaloosa showed a fresh stake in Alibaba Group Holding Limited , scooping up 3.6 million shares worth $520 million. Tepper's investment vehicle added a new position in exchange-traded IBB , a prominent ETF tracking the biotech sector, and SPDR S&P Biotech ETF , which closely mimics the S&P 500's health-care sector. Tepper's firm bought 235,000 shares of IBB worth about $73 million and 330,000 shares of XBI valued at $34 million, as of the end of June. In other sales, Tepper & Co. unloaded all of its position in Teva Pharmaceutical Industries , Energy Transfer Partners L.P. and Pfizer Inc. among others.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/09/2017 14:54:28

    BRIEF-R C M Technologies reports Q2 net earnings per share data $0.02

    R C M Technologies Inc- * R C M Technologies Inc announces second quarter results. * Q2 revenue rose 0.2 percent to $45.5 million.

  • 08/04/2017 07:42:21

    BRIEF-Cboe holdings to open satellite Hong Kong AIPAC office in Q3 - Conf call

    Cboe Holdings Inc(CBOE). * We will be opening a satellite Hong Kong AIPAC office in the third quarter - Conf call. * We are implementing a new index technology platform that will serve as the foundation for our growing index business and enables us to better calculate and disseminate data for new and existing indices - Conf call.

  • 08/04/2017 00:17:23

    Asia stocks edge higher, dollar languishes ahead of U.S. jobs data

    SINGAPORE (Reuters) - Asian stocks inched up on Friday after a technology-led drop on Wall Street, with gains kept in check by investors' reluctance to stake out fresh positions ahead of U.S. jobs data later in the global day.

  • 07/25/2017 06:19:24

    Seagate Technology's stock plunges after profit and sales miss, CEO change

    Shares of Seagate Technology PLC plummeted 17% in premarket trade Tuesday toward an eight month low, after the data storage products maker reported fiscal fourth-quarter results that were well below expectations and announced a leadership transition. Net profit for the quarter to June 30 rose to $114 million, or 38 cents a share, from $70 million, or 23 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 65 cents, missing the FactSet consensus of 98 cents. Revenue fell to $2.41 billion from $2.65 billion, below the FactSet consensus of $2.56 billion. "Although the near-term dynamics of technology shifts present demand variations for the storage industry from time to time, we continue to see growing storage demand in the long-run driven by the proliferation of data growth from new technologies, emerging industries, and growing businesses," said Chief Executive Steve Luczo. Separately, the company said Luczo will transition to executive chairman on Oct. 1, and will be replaced as CEO by Dave Mosley, currently Seagate's chief operating officer. The stock has plunged 21% over the past three months through Monday, while the S&P 500 has gained 3.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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