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Dow briefly negative, gives up 100-point rise; oil eyed

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Dow briefly negative, gives up 100-point rise; oil eyed

U.S. Stocks Rise After Sharp Selloff. U.S. stocks advanced on Monday, stabilizing after their deep selloff last week in the wake of the Federal Reserve’s decision to raise interest rates.The Dow Jones Industrial Average DJIA, +0.01% gained 49 points or 0.3% to 17,173 while, the Nasdaq Composite COMP, +0.27% climbed 22 points or 0.5%, to 4,945. “Historically, Santa rally starts about now and continues until the first few days of January. We are hoping the selling on Thursday and Friday was an aberration and due to massive options expiration,” said Jeffrey Saut, chief investment strategist at Raymond James. BENGALURU: Wall Street started the Christmas holiday week on a positive note, led ...

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MARKET SNAPSHOT: U.S. Stock Gains Limited By Energy Sector

Кubric: NEWS | 20 Jan 2016 | no comments yet »
MARKET SNAPSHOT: U.S. Stock Gains Limited By Energy Sector

Dow Jones Industrial Average Up Today Despite Oil Prices Hitting 11-Year Low. U.S. stocks advanced on Monday, stabilizing after their deep selloff last week in the wake of the Federal Reserve’s decision to raise interest rates. The Dow Jones Industrial Average DJIA, +0.01% gained 49 points or 0.3% to 17,173 while, the Nasdaq Composite COMP, +0.21% climbed 22 points or 0.5%, to 4,945. “Historically, Santa rally starts about now and continues until the first few days of January. We are hoping the selling on Thursday and Friday was an aberration and due to massive options expiration,” said Jeffrey Saut, chief investment strategist at Raymond James. Stocks have seen wider swings in recent ...

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JPMorgan, pension funds settle investor loss case for $150M

Кubric: NEWS | 20 Jan 2016 | no comments yet »
JPMorgan, pension funds settle investor loss case for $150M

DeWine announces settlement with JPMorgan Chase. COLUMBUS, Ohio (AP) — JPMorgan Chase has agreed to pay $150 million to public pension funds and individuals hurt by its $6 billion “London Whale” trading loss. Han Solo’s line in the new “Star Wars” film could also apply to Walt Disney Co. and the team of filmmakers, marketers and distribution executives who delivered a record-breaking weekend debut, setting the stage for years of movies, merchandise and attractions tied to the most successful science-fiction franchise in history. “Star Wars: The Force Awakens” collected $238 million in U.S. and Canadian ticket sales, topping the $208.8 million hauled in by Universal Studios’ ...

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‘Pharma bro’ Martin Shkreli ousted from another drug company

Кubric: NEWS | 20 Jan 2016 | no comments yet »
‘Pharma bro’ Martin Shkreli ousted from another drug company

CompaniesShkreli terminated as KaloBios chief executive. KalosBios Pharmaceuticals was a faltering business until Mr Shkreli was revealed to be an executive and key shareholder last month, when its shares climbed dramatically.KaloBios shares plummeted 53 percent Thursday after Shkreli, 32, was arrested in New York on charges related to one of his previous companies, Retrophin Inc. But in a statement issued on Monday, the company said Mr Shkreli had been “terminated” as CEO and “resigned from his position as a member of the board of directors” at the end of last week. Mr Shkreli became infamous around the world when it was revealed in September that his then-company Turing Pharmaceuticals ...

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Train safety system installed along Northeast Corridor

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Train safety system installed along Northeast Corridor

Amtrak Activates Speed Control System Between NYC And Philadelphia. NEW YORK (CBSNewYork) — Calling it an added layer of safety, Amtrak has installed a high-tech crash avoidance system along a stretch of the Northeast Corridor following a deadly rail accident earlier this year.The national passenger railroad over the weekend activated its version of so-called positive train control between the two cities, the last stretch of its tracks on the busy Northeast Corridor to get the system. Amtrak this weekend activated a new system – between Philadelphia and New York City – to prevent crashes like the one that killed eight and injured more than 200 passengers and crew members in Port Richmond ...

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FTC Rejects Staples-Office Depot Merger, Again

Кubric: NEWS | 20 Jan 2016 | no comments yet »
FTC Rejects Staples-Office Depot Merger, Again

FTC Rejects Staples-Office Depot Deal Without a Counteroffer. NEW YORK (AP) — Staples says that regulators have rejected its offer to sell $1.25 billion in contracts, part of its plan to ease monopoly fears as it attempts to acquire rival Office Depot. Earlier this month, the Federal Trade Commission went to court in an effort to block the pending merger of office-supply mega chains Staples and Office Depot, saying that it would result in too little competition in the market for supplies being sold to businesses. Staples, based in Framingham, Massachusetts, said that it is still willing to negotiate with the FTC and that it may pursue legal action to close the deal. Seeking to mollify the ...

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Martin Shkreli Fired From CEO Job at KaloBios Pharmaceuticals

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Martin Shkreli Fired From CEO Job at KaloBios Pharmaceuticals

CompaniesShkreli terminated as KaloBios chief executive. KaloBios shares plummeted 53 percent Thursday after Shkreli, 32, was arrested in New York on charges related to one of his previous companies, Retrophin Inc. Last weekend, the University of California at Davis and Moffitt Cancer Center in Florida said they had suspended a planned drug trial sponsored by KaloBios. The former hedge fund manager rose to national prominence after Turing Pharmaceuticals, a privately-held biotech company he ran, increased the price of a drug that treats a rare disorder by 5,000 per cent overnight. The company’s stock was trading at less than $1 before he made the move, and it subsequently rose to as high as ...

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United States Postal Service’s Operation Santa to Ring The Nasdaq Stock Market …

Кubric: NEWS | 20 Jan 2016 | no comments yet »
United States Postal Service’s Operation Santa to Ring The Nasdaq Stock Market …

How to Cope with This Year’s Busiest Delivery Day. United States Postal Service’s Operation Santa, the popular holiday program where thousands of volunteers partner with Post Offices to respond to children who wrote letters to Santa, will visit the Nasdaq MarketSite in Times Square to celebrate its 103rd anniversary. Newspapers in half the states are breaking the law if they mail publications containing ads for marijuana products — even though the states have legalized pot, the U.S.December 21 is considered to be the busiest delivery day of the year, but there are still certain recommendations that snail mail customers could follow to make sure that their packages arrive on time. Since ...

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Amtrak trains in Northeast Corridor made safer

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Amtrak trains in Northeast Corridor made safer

Amtrak Activates Speed Control System Between NYC And Philadelphia. PHILADELPHIA (AP) — Safety technology that can prevent crashes like a deadly passenger train derailment in May has been activated on Amtrak tracks between Philadelphia and New York. NEW YORK (CBSNewYork) — Calling it an added layer of safety, Amtrak has installed a high-tech crash avoidance system along a stretch of the Northeast Corridor following a deadly rail accident earlier this year.The national passenger railroad over the weekend activated its version of so-called positive train control between the two cities, the last stretch of its tracks on the busy Northeast Corridor to get the system. PTC was activated on the ...

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Carl Icahn Raises Offer for Pep Boys

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Carl Icahn Raises Offer for Pep Boys

Carl Icahn Raises Offer for Pep Boys. Shares of Pep Boys – Manny Moe & Jack (PBY) are jumping after billionaire hedge fund titan Carl Icahn upped the ante in a bidding war for the auto-parts retailer.Auto service retail chain Pep Boys (PBY) Monday said a $16.50 per share takeover bid by activist investor Carl Icahn is a “superior offer” to a rival proposal by Bridgestone Retail Operations.Pep Boys also said Monday that its Board of Directors had deemed the offer by Icahn a “superior proposal” and gave Bridgestone until Wednesday at 5 p.m. Icahn has made a new, higher offer for Pep Boys, causing the car-parts and servicing chain to terminate its agreement to be acquired ...

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