Aerie Pharmaceuticals Hits New Record High

Aerie Pharmaceuticals Hits New Record High

Aerie Pharmaceuticals (AERI) shares hit a new record high coming off a trading halt in Friday’s afternoon session after the US Food and Drug Administration said its Dermatologic and Ophthalmic Drugs Advisory Committee voted 9-1 in favor of the company’s new drug application for Rhopressa, saying the efficacy of the ophthalmic solution, demonstrated in the clinical trials, outweighed the safety risks identified for the drug product. Shares of the clinical-stage […]

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Financial Shares Hold Slight Gains as Close Approaches

Financial Shares Hold Slight Gains as Close Approaches

Financial stocks were slightly higher this afternoon, with the NYSE Financial Sector Index (^NYK) climbing about 0.2% while financial companies in the S&P 500 Index (XLF) were adding about 0.1% in value today. In company news, Net Element (NETE) shares surged sharply higher on Friday, with the electronic payments processor today reporting strong growth in its North America Unified Payments division during the first half of its current fiscal year. […]

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Consumer Shares Maintain Higher Trend

Consumer Shares Maintain Higher Trend

Consumer stocks continue to trend higher in late trade, with shares of consumer staples companies in the S&P 500 (XLP) posting a 0.3% gain while shares of consumer discretionary firms (XLY) in the S&P 500 were recording a 0.5% advance. In company news, Del Frisco’s Restaurant Group (DFRG) declined Friday after the the eatery chain this morning swung to a non-GAAP net loss in its latest fiscal reporting period and […]

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Sigma Designs to Chop 200-250 Jobs in Restructuring

Sigma Designs to Chop 200-250 Jobs in Restructuring

Sigma Designs (SIGM) said on Wednesday it would cut 200-250 jobs and close down some facilities as part of its restructuring exercise, adding that it would continue its strategic review. Sigma said the move would result in one-time charges for severance and lease termination of $8 million to $10 million over Q3 and Q4 in the current fiscal year, in addition to other restructuring charges between $5 million to $7 […]

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Equities Advance Second Day to Reach Record Highs in US

Equities Advance Second Day to Reach Record Highs in US

The benchmark US indices closed at record highs in a second straight day of gains Wednesday, as the Dow Jones Industrial Average took support from positive analyst moves on blue-chips Wal-Mart Stores (WMT) and Johnson & Johnson (JNJ). Much of the day’s focus was on the release of the Federal Open Market Committee’s September meeting, which showed mixed views on inflation, but didn’t offer much for markets to react to […]

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