Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks closed modestly higher for a second consecutive day, buoyed by a 15-month high in brent crude oil and positive quarterly earnings from the financial sector. Oil raced higher mid-morning on the combination of remarks from the Saudi oil minister regarding production cuts and an unexpected drop in inventory levels. As a result, West Texas intermediate gained 2.25% on the futures market, while brent was up 1.7%. The banking sector […]

Read More ˃
Stocks Maintain Gains by US Close on Support From Oil Price Rally, Earnings

Stocks Maintain Gains by US Close on Support From Oil Price Rally, Earnings

Stocks in the US stayed stronger by the close on Wednesday as oil prices gained and stronger earnings reports added lift, although a slide in Intel (INTC) after its financials constrained some of the gains. The Nasdaq, where Intel trades, underperformed the other benchmarks, as the chipmaker ended 5.9% lower. It was also the worst performer among the blue chips on the Dow Jones Industrial Average. American Express (AXP) posted […]

Read More ˃
Exponent Gains After-Hours on Stronger-than-Expected Q3 Results, Boosted Share Buyback Authorization

Exponent Gains After-Hours on Stronger-than-Expected Q3 Results, Boosted Share Buyback Authorization

Exponent (EXPO) advanced in extended trading on Wednesday after the engineering and scientific consulting firm reported stronger-than-expected Q3 results, added to its current share buyback authorization, and maintained its quarterly dividend. EPS decreased to $0.42 in the September quarter, from $0.43 in the year-ago period, beating the $0.34 average estimate of analysts polled by Capital IQ. Q3 revenue declined 2% to $77.6 million year-over-year, but topped the analyst consensus of […]

Read More ˃
Terreno Realty Acquires Buildings in San Leandro, California for $15.9 Mln

Terreno Realty Acquires Buildings in San Leandro, California for $15.9 Mln

Terreno Realty (TRNO), an acquirer, owner and operator of industrial real estate, said Friday that it has acquired an industrial property located in San Leandro, California on Oct. 20, for a purchase price of about $15.9 million. The property consists of two industrial distribution buildings containing approximately 100,000 square feet on 8.2 acres west of Interstate 880, three miles south of Oakland International Airport. The property is at 2062 and […]

Read More ˃
Viveve Medical Unit Files Patent Infringement Suit Against Thermi

Viveve Medical Unit Files Patent Infringement Suit Against Thermi

Viveve Medical (VIVE), said its unit Viveve Inc., a medical technology company focused on women’s health, filed a patent infringement lawsuit against ThermiGen LLC, ThermiAesthetics LLC, and Dr. Red Alinsod in U.S. District Court for the Eastern District of Texas. The lawsuit seeks redress for the defendants’ unauthorized use of Viveve’s patented technology. The action is intended to protect Viveve’s significant investment in reverse-thermal gradient radiofrequency technology and its clinical […]

Read More ˃