Wall Street Ends Losing Streak With Weekly Gain

Wall Street Ends Losing Streak With Weekly Gain

The Dow Jones Industrial Average closed marginally lower Friday in listless trade, but eked out a slim gain for the week for the first time in three weeks. The blue chip index extended Thursday’s losses with the telecom sector bearing the brunt of today’s selling pressure. Shares of AT&T (T) fell as much as 3% on rumors of a Time-Warner (TWX) acquisition, taking down shares of Sprint (S) and Dow […]

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ManpowerGroup Reports Q3 EPS & Sales Above Street Views; Mid-Point of Q4 EPS Guidance Above Estimate

ManpowerGroup Reports Q3 EPS & Sales Above Street Views; Mid-Point of Q4 EPS Guidance Above Estimate

ManpowerGroup (MAN) shares rose after the company reported a Q3 adjusted earnings of $1.87 per share compared with an income of $1.61 per share a year ago, handily beating the $1.72 average estimate from analysts polled by Capital IQ. Sales over the three months that ended Sept. 30 rose to $5.09 billion from $4.97 billion a year ago, coming in comfortably above the $4.99-billion consensus. The company expects Q4 diluted […]

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UK Budget Deficit Widens in September Limiting Stimulus For Britain’s Finance Chief

UK Budget Deficit Widens in September Limiting Stimulus For Britain’s Finance Chief

The UK budget deficit widened more than expected in September and was on course to miss the target set by the country’s public finances watchdog. The unexpected increase will likely complicate the task of Philip Hammond, the British finance chief, who said he’s looking into ways of how fiscal policy can soften the blow from the vote to leave the European Union. The September shortfall increased to 10.6 billion pounds […]

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Microsoft Expected to Post Slight Year-on-Year Growth in First-Quarter Earnings, Revenue

Microsoft Expected to Post Slight Year-on-Year Growth in First-Quarter Earnings, Revenue

Microsoft (MSFT) is expected by analysts to report slight year-over-year increases in fiscal first-quarter adjusted earnings and revenue on Thursday afternoon, with analysts hoping for signs of server-products growth, improving commercial-cloud margins and abating foreign-exchange headwinds. On average, for the quarter ended in September, analysts expect Microsoft to post adjusted earnings per share of $0.68, up slightly from $0.67 a year earlier, according to the mean estimate of analysts polled […]

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ChemoCentryx Says Phase 2 Trial of CCX168 in Atypical Hemolytic Uremic Syndrome Shows Inhibition in Thrombus Formation

ChemoCentryx Says Phase 2 Trial of CCX168 in Atypical Hemolytic Uremic Syndrome Shows Inhibition in Thrombus Formation

ChemoCentryx (CCXI), a biopharmaceutical company, reported Monday that its ongoing phase 2 trial of CCX168 for the treatment of atypical hemolytic uremic syndrome demonstrated a mean decrease in thrombus size of 83% after 14 days of dosing. The ongoing study demonstrated that three patients showed 100% inhibition of thrombus formation and one patient showed greater than 30% inhibition. “We are especially encouraged to find that with CCX168 treatment a complete […]

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