** Shares of Quality Care up 26.2 pct at $15.90 inearly trading, on pace for their best day ever** 2nd-biggest pct gainer among NYSE-listed stocks** QCP to take over main tenant, U.S. nursing home operatorHCR ManorCare, as part of a pre-arranged Chapter 11 bankruptcyfiling that is expected in the coming days ** As part of deal, Quality Care will forgive all claimsagainst ManorCare in exchange for...Read More
It's been a rough year for General Electric Company (NYSE:GE) shares, to say the least. In fact, GE stock just wrapped up a 12th straight monthly loss -- not only the longest monthly losing streak among both current and former Dow stocks, but the longest among all optionable, liquid stocks right now. As such, we decided to take a look at how GE's plunge compares to other stocks, and how blue chips...Read More
BRASILIA, March 2 (Reuters) - Brazilian aluminum producersare concerned that U.S. President Donald Trump is launching intoa trade war with China that will ricochet on the world marketand depress prices if Chinese exporters have to find otherbuyers.Brazil is not a big exporter of aluminum products to theUnited States, but a tariff war between the world's largestimporter and China, its biggest expor...Read More
BRASILIA, March 2 (Reuters) - A potential hike in U.S.tariffs would be "manageable" for Brazilian steel producers andwould not have a "meaningful impact" on the larger steelcompanies, Moody's Investors Service said on Friday in a note toclients.Brazil's largest flat steelmaker, Usiminas ,exports only 15 percent of its output and only a negligible partgoes to the U.S. market. Th...Read More
(Adds DMO comment, details)By Chijioke OhuochaLAGOS, March 2 (Reuters) - Nigeria has paid off about 130billion naira ($413 million) worth of treasury bills maturingthis week instead of rolling over the debt as it has done in thepast, traders said.Patience Oniha, director general of the Debt ManagementOffice (DMO), confirmed the payment on Friday and said atreasury auction calendar for March would...Read More
(Bloomberg) - The union representative on Codelco's board of directors fears a proposal by Chile's incoming government to split the giant copper producer in two is a first step toward privatization.Chile's incoming government is working on a plan to break up Codelco into northern and southern divisions, Mining Minister Baldo Prokurica told La Tercera newspaper last week. The new cabinet led by P...Read More
Sterling received little direction from UK PM May's much-heralded Brexit speech,and the emergence of global trade anxieties could hold sway over the pound untilmore dramatic developments on Britain's EU divorce talks take back thespotlight. Cable entered the speech slightly elevated near 1.3800 and remainsnearby after dipping. May's comments on key elements of recent Brexit impasses,particularly N...Read More
** Shares of Pure Storage Inc dropped almost 11 pctearly Fri even after reporting its first qtrly profit since itsOct 2015 IPO** Data platform co's stock now down 8.3 pct at $19.97;among biggest percentage losers on the NYSE** Susquehanna cuts PSTG stock rating to "neutral" from"positive," maintains $22 PT; analyst Mehdi Hosseini cites "lackof visibility," particularl...Read More
Cameron Reynolds, chief executive of VolitionRx Ltd (NYSE:VNRX), discusses with Proactive's Andrew Scott the positive interim results from their trial in Denmark concerning colorectal cancer (CRC), which point to being able to detect early signs of the disease.The ongoing study is in collaboration with Hvidovre Hospital, University of Copenhagen, Denmark and involves 680 subjects from the Danish N...Read More
* STOXX 600 hits 6-mth low* Steelmakers down slightly after Trump tariff planMarch 2 (Reuters) - Welcome to the home for real-time coverage of European equity marketsbrought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him onMessenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net THIS IS NO ENTRY POINT... YET (1610 GMT)Don't j...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. (Kitc...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. (Ki...Read More
(Adds details throughout on stocks and sectors; updates prices)TORONTO, March 2 (Reuters) - Canada's main stock index fellto a two-week low on Friday, weighed by declines in energy,financial and industrial shares as oil prices fell and globalinvestors worried about a trade war.* At 10:43 a.m. EST (15:43 GMT), the Toronto StockExchange's S&P/TSX composite index fell 31.4 points,or 0.2 percent,...Read More
Ontario is supporting major renovations to the passenger terminal of the Thunder Bay International Airport to help ease increasing traveller volumes and better serve passengers.Michael Gravelle, Minister of Northern Development and Mines, was joined by Bill Mauro, Minister of Municipal Affairs and MPP for Thunder Bay-Atikokan, in Thunder Bay today to announce funding through the Northern Ontario H...Read More
Fears of a trade war have given new fuel to the yen's risk-aversion rally, andhigh-beta currencies with the most to lose from disruptions to cross-boardcommerce will suffer the most -- with CAD and AUD topping the list. Also gettingtrampled are GBP/JPY longs who have been underwhelmed by PM May's latest attemptto reach a workable Brexit compromise. Of course, all the JPY crosses are alsoclosely ti...Read More
** Photocopier's shares down 2 pct at $29.95 inearly trade after activist investor Darwin Deason files newlawsuit** Investor sues XRX as company refuses to let him makenominations to its board after a deadline ** Darwin Deason, who is the 5th biggest stake holder inXRX, holds 3.4 pct of company's shares, per TR data ** On Monday, Deason said he had the right to nominatedirectors, despite missing t...Read More
** Shares of chipmaker Ambarella Inc up 10.2 pct at$50.33 on Fri after co reported Q4 results after the bell onThurs ; trading volume brisk, already 2.8 x 10-DMA** Ambarella reported $0.45 adj EPS, beating avg analystestimate of $0.37. Co rev of $70.6 mln in line with avg analystestimate of $70.3 mln. AMBA has matched or beaten rev, adj EPSestimates over last 8 qtrs (Thomson Reuters I/B/E/S)** Q4...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
LUANDA (Reuters) - Angola has offered investors diamond exploration licenses that previously belonged to Isabel dos Santos, daughter of the former president, according to a video clip of a closed-door meeting with mining companies seen by Reuters.During the meeting at a mining conference in Cape Town last month, president of state diamond company Endiama, Jos?(C) Manuel Ganga J??nior, said the lic...Read More