Plus, Zafgen's Chief Medical Officer just resignedThe shares of Zafgen Inc (NASDAQ:ZFGN) are down 32.2% to trade at $3.43, one of the worst stocks on the Nasdaq this morning, under pressure from a double-dose of negative headlines. First, the drugmaker pulled plans for its experimental drug for rare diseases due to anomalies in animal trial data. What's more, the company announced its Chief Medic...Read More
It would be terrible if an apparently small change in automated safety systems designed to avoid a stall turned out have given us a rogue plane, killing us to make us safe...Read full newsRead More
The movement to divest in fossil fuel companies puts not only future energy supplies at risk, but also the financial situation of the funds themselves.Read full newsRead More
Russian gold and silver producer Polyus has received a further 5 percent stake in the giant Sukhoi Log gold deposit from its project partner Rostec in return for a 0.28 percent stake in Polyus shares, Polyus said late on Monday.The deal raises Polyus' stake in Sukhoi Log, one of the largest untapped gold deposits in the world, to 63.4 percent. Rostec's stake falls to 36.6 percent.Polyus in January...Read More
Russian gold and silver producer Polyus has received a further 5 percent stake in the giant Sukhoi Log gold deposit from its project partner Rostec in return for a 0.28 percent stake in Polyus shares, Polyus said late on Monday.The deal raises Polyus' stake in Sukhoi Log, one of the largest untapped gold deposits in the world, to 63.4 percent. Rostec's stake falls to 36.6 percent.Polyus in January...Read More
Fourth-quarter earnings and revenue beat analysts' expectationsThe shares of Chinese social media name Momo Inc (NASDAQ:MOMO) are up 12.8% at $36.72, after the company announced fourth-quarter earnings and revenue that came in ahead of analysts' expectations.Today, MOMO stock is pacing for its best day since May 2018. The stock is up 60% from its Jan. 2 one-year low of $22.85, supported by its 30...Read More
Toronto-based Anaconda Mining has arranged a $5 million term loan from the Royal Bank of Canada. This will allow the company to complete all pre-construction work at its Goldboro gold project 175 km northeast of Halifax. No further equity financing is anticipated.Anaconda expects to complete the Goldboro feasibility study this year. At the same time it will complete the work required to obtain min...Read More
Toronto-based Anaconda Mining has arranged a $5 million term loan from the Royal Bank of Canada. This will allow the company to complete all pre-construction work at its Goldboro gold project 175 km northeast of Halifax. No further equity financing is anticipated.Anaconda expects to complete the Goldboro feasibility study this year. At the same time it will complete the work required to obtain min...Read More
F5 stock is testing a familiar floor today, thoughShares of F5 Networks, Inc. (NASDAQ:FFIV) are down 7% at $150.83 in early trading, after the tech name announced plans to purchase privately-held open source web server Nginx for an estimated $670 million. F5 Networks said the deal will increase software revenue growth and revenue mix in fiscal 2019 and 2020, though FFIV said it will also suspend...Read More
To an outside investor, especially an American, it may seem odd to learn that, in Canada, when opponents make their case against a pipeline or any other resource project before regulators, the Canadian government sometimes pays them to do it.It may seem especially masochistic that some environmental groups that are already well funded received money from taxpayers to try to thwart a project owned...Read More
DKS is down big, but the move is smaller than speculators priced in Dick's Sporting Goods, Inc. (NYSE:DKS) this morning reported fourth-quarter earnings per share of $1.07, edging out a consensus analyst estimate of $1.06, and revenue also came in higher than expected for the period, with e-commerce sales rising 17%. However, a 3.7% decline in same-store sales has DKS stock down 6.3% this morning...Read More
Canada's Goldcorp (TSX:G) (NYSE: GG) said an illegal strike at its Cerro Negro mine in Argentina has forced it to halt operations at the site, the company's biggest gold producing asset in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surfa...Read More
February's CPI met analyst expectationsDow Jones Industrial Average (DJI) futures are in the red this morning, under pressure once more from blue-chip heavyweight Boeing (BA). Not only did the aerospace name receive two downgrades on Wall Street this morning -- with DZ Bank issuing the stock's first "sell" ratings in nearly two years -- Malaysia, Singapore, and Australia joined the growing list...Read More
The company reported positive results in a late-stage trials of vadadustatThe shares of Akebia Therapeutics Inc (NASDAQ:AKBA) have shot up 23.4% in electronic trading, after the Massachusetts-based firm reported positive data from a pair of late-stage studies for vadadustat -- used to treat patients with anemia due to chronic kidney disease. The studies were part of a collaboration with Mitsubishi...Read More
Out-of-the-money put strikes could come into play for XLF as March options get set to expireThe Financial Select Sector SPDR Fund (XLF) began last week's trading in less-than-robust form by immediately backing down from resistance at its 200-day moving average, after having run up to test this overhead trendline a couple of times during the final week of February. Granted, XLF wasn't alone in pull...Read More
As more millennials are interestedin sustainable investments, one "green tech" company is leading the charge on clean drilling.Concerns about climate change and the high cost of energy have driven the maturation of the "Green Technology" movement into a trillion-dollar industry.Socially Responsible Investments (SRIs) are the most popular component of the average millennial's 401K, according to a r...Read More
(Updates with closing prices)By Peter HobsonLONDON, March 12 (Reuters) - Zinc prices jumped to aseven-month peak on Tuesday, driven higher by a supplyshortfall, dwindling stockpiles on the London Metal Exchange(LME) and expectations of solid demand from top consumer China.Benchmark zinc on the LME ended up 3.7 percent at$2,838 a tonne after touching $2,840, the highest since July 3.The metal, used...Read More
Arizona Silver Exploration (TSX-V: AZS) received this week approval from the US Bureau of Land Management of its Notice of Intent to start an initial six-hole exploration drilling program on the Philadelphia project, located in Mohave County, northwestern Arizona.In a press release, Arizona Silver said that the BLM determined the reclamation bond amount required to cover the proposed drilling prog...Read More
Arizona Silver Exploration (TSX-V: AZS) received this week approval from the US Bureau of Land Management of its Notice of Intent to start an initial six-hole exploration drilling program on the Philadelphia project, located in Mohave County, northwestern Arizona.In a press release, Arizona Silver said that the BLM determined the reclamation bond amount required to cover the proposed drilling prog...Read More
Arizona Silver Exploration (TSX-V: AZS) received this week approval from the US Bureau of Land Management of its Notice of Intent to start an initial six-hole exploration drilling program on the Philadelphia project, located in Mohave County, northwestern Arizona.In a press release, Arizona Silver said that the BLM determined the reclamation bond amount required to cover the proposed drilling prog...Read More