U Power Limited (UCAR), a Chinese vehicle sourcing service provider, on Friday announced a 1-for-100 reverse share split.
The company noted that no fractional shares will be issued in connection with the share consolidation, and all fractional shares resulting from the share consolidation will be...
Commenting on the recommended cash acquisition of Spirent Communications Plc (SPT.L, SPM) by Keysight Technologies, communication equipment firm Viavi Solutions (VIAV) said it would entrench Keysight's leading position in many product segments, leading to limited customer choice.
Viavi said: "Viavi...
Applied Therapeutics, Inc. (APLT) said on Friday that the U.S. Food and Drug Administration or FDA has extended the review period of the New Drug Application or NDA for Govorestat, AT-007, to treat Classic Galactosemia by three months to November 28.
The FDA noted that it requires additional time...
Following the strong upward move seen late in Wednesday's session, stocks showed a lack of direction over the course of the trading day on Thursday. Despite the choppy trading, the Dow and the S&P 500 reached new record closing highs. The major averages eventually ended the session narrowly mixed.
After showing a lack of direction early in the session, stocks continue to turn in a lackluster performance in afternoon trading on Thursday. The major averages have spent the day bouncing back and forth across the unchanged line after ending the previous session firmly positive.
Currently, the major...
The U.S. dollar was lower against its major counterparts in the New York session on Thursday, as traders awaited key U.S. inflation data and Fed Chair Jerome Powell's remarks on Friday.
The release of the Fed's favored inflation indicator along with comments from Powell are expected to provide additional...
Astellas Pharma Inc. (ALPMY) announced that China's National Medical Products Administration or NMPA has accepted the supplemental Biologics License Application or sBLA for enfortumab vedotin with Keytruda as a combination therapy for the treatment of patients with advanced bladder cancer.
The sBLA,...
Drug manufacturer, Johnson & Johnson (JNJ), Thursday said that it will pay $75 million to settle a lawsuit filed by Mississippi related to baby powder.
The decision comes as the state attorney general's office was preparing for a non-jury trial against J&J next month.
The case filed by the state,...
The University of Michigan released revised data on Thursday showing an unexpected improvement in U.S. consumer sentiment in the month of March. The report said the consumer sentiment index for March was upwardly revised to 79.4 from the preliminary reading of 76.5. Economists had expected the reading to be unrevised.
Yamaha Motor Co., Ltd. (YAMHF.PK), Thursday announced its technical collaboration with Lola Cars Ltd., a British racing car development company, to develop and supply high-performance electric powertrains for the ABB FIA Formula E World Championship.
The auto-maker said that the partnership would...
After reporting a sharp pullback in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a notable rebound by pending home sales in the month of February. NAR said its pending home sales index shot up by 1.6 percent to 75.6 in February after plunging by 4.7 percent to a revised reading of 74.4 in January.
SilverBow Resources, Inc. (SBOW), Thursday announced its board's decision to reject Kimmeridge Energy Management Company's latest proposal over concerns that it substantially undervalues the company.
The decision was made after consulting with its independent financial and legal advisors, who found...
Following the strong upward move seen late in the previous session, stocks are showing a lack of direction during trading on Thursday. The major averages have spent the day bouncing back and forth across the unchanged line. Currently, the major averages are slightly higher.
PGT Innovations, Inc. (PGTI), a building products manufacturer, Thursday announced that its acquisition by MIWD Holding Company for $42 per share or a total of around $3.2 billion has closed.
The all-cash acquisition deal was approved by shareholders on March 18.
Following the acquisition, PGT...
A report released by MNI Indicators on Thursday showed Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of March. MNI Indicators said its Chicago business barometer fell to 41.4 in March from 44.0 in February, with a reading below 50 indicating contraction. Economists had expected the index to rise to 46.0.