European Stocks Flip-Flop in Early Trade as Commodities Rally on Rising Oil Prices

European Stocks Flip-Flop in Early Trade as Commodities Rally on Rising Oil Prices

European equity benchmarks were mixed in early trade on Friday with commodities rallying on the back of rising oil prices and earnings and deal news underpinning moves in the engineering, financial and chemicals sectors. In economic news, consumer prices in Germany were 1.8% higher in September when compared with a year earlier, according to fresh data published by the federal statistics agency Destatis. Month-on-month, the consumer price index was up […]

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Fitch Downgrades Jones Energy to B-

Fitch Downgrades Jones Energy to B-

Fitch Ratings on Thursday has downgraded the Long-Term Issuer Default Rating of Jones Energy Holdings, LLC (JEH), a subsidiary of Jones Energy Inc. (JONE), to B- from B. Fitch has also assigned a Long-Term Issuer Default rating of B- to the parent, adding that both entities have been placed on rating watch negative due to its liquidity in 2018. “The company’s ability to borrow under its revolving credit facility is […]

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Everest Re Group Pegs Pretax Catastrophe Losses of $900 Mln After Taxes – Shares Slip in Post-Market

Everest Re Group Pegs Pretax Catastrophe Losses of $900 Mln After Taxes – Shares Slip in Post-Market

Everest Re Group (RE) said late Thursday that it expects to incur pretax catastrophe losses, net of reinsurance and reinstatement premiums of $1.2 billion, with a net economic impact of $900 million after taxes. Shares declined 1.9% in the post-market. This estimate includes losses from Hurricanes Harvey, Irma, and Maria, as well as estimated losses from the earthquake events in Mexico, according to a statement. The company’s view of its […]

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Titan Pharmaceuticals Begins Phase 1/2 Trial of Ropinirole to Treat Parkinson’s Disease Symptoms

Titan Pharmaceuticals Begins Phase 1/2 Trial of Ropinirole to Treat Parkinson’s Disease Symptoms

Titan Pharmaceuticals (TTNP) said the first patient has been treated in a phase 1/2 trial of the company’s ropinirole implant to treat the signs and symptoms of idiopathic Parkinson’s disease. Ropinirole is for the treatment of Parkinson’s disease symptoms and restless leg syndrome. It is commonly used in conjunction with L-dopa to help control serious motor complications and dyskinesias that occur in patients after several years of L-dopa treatment. The […]

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Ryder System Completes Acquisition of Dallas Service Center, Inc.

Ryder System Completes Acquisition of Dallas Service Center, Inc.

Ryder System (R), a commercial fleet management, dedicated transportation, and supply chain company said Wednesday it has completed the acquisition of all outstanding equity of Dallas Service Center, Inc., a truck repair facility located in Dallas, Texas. The acquisition is expected to be nominally accretive to earnings in 2017. Ryder expects additional earnings in future years from synergies as well as improved productivity and safety. The acquired operation is adjacent […]

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