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Humana Posts Q1 Results Beat

Humana Posts Q1 Results Beat

May 4, 2018 at 2:54 pm

Humana (HUM), a provider of healthcare benefits, reported Wednesday Q1 adjusted net profit of $3.36 per share, up from $2.75 per share in the prior year period and came in higher than the $3.20 per share Street estimate provided by Capital IQ. Revenue was $14.28 billion, up from $13.76 billion reported for the same period last year and higher thanRead More

Mastercard Reports Record First-Quarter Results as Purchase Volume Climbs

Mastercard Reports Record First-Quarter Results as Purchase Volume Climbs

May 4, 2018 at 2:53 pm

Mastercard (MA) beat analysts’ expectations in the first quarter on both the top and bottom lines as revenue surged 31% to a record high on an increase in transactions for the credit-card company. Adjusted diluted earnings per share jumped to $1.50 from $1.01 a year earlier. That beat the consensus of analysts polled by Capital IQ for $1.24. Revenue climbedRead More

Wintrust Financial to Acquire Chicago Shore Corp.

Wintrust Financial to Acquire Chicago Shore Corp.

May 4, 2018 at 2:53 pm

Wintrust Financial (WTFC) has agreed to acquire Chicago Shore Corporation for approximately $34 million. Shares of privately held Chicago Shore’s common stock outstanding at the time of the merger will be converted into the right to receive per share merger consideration paid in cash. Chicago Shore is the parent company of Delaware Place Bank, an Illinois state-chartered bank, which operatesRead More

US Equity Futures Trickle Lower Ahead of FOMC

US Equity Futures Trickle Lower Ahead of FOMC

May 1, 2018 at 7:40 am

US equity futures traded modestly lower as traders awaited the “Fed Drift” slated for around 2pm ET, said Dave Lutz, head of ETFs at Jones Trading. Europe traded on light volumes as most markets were shut for the May Day holidays, with only the UK, Denmark and Ireland open. The FTSE added 30 points as industrials led to the upsideRead More

ConocoPhillips Shares Rise

ConocoPhillips Shares Rise

April 18, 2018 at 1:37 pm

ConocoPhillips (COP) said Monday it concluded its 2018 winter exploration and appraisal program in Alaska, drilling a total of six wells, including an additional Willow appraisal well. Shares rise more than 1.3% intraday. The company’s original plan was to drill five wells on the Western North Slope comprising two appraisal wells of the Willow Discovery announced in January 2017, plusRead More

ewLink Genetics Shares Slump 10% to Record Low

ewLink Genetics Shares Slump 10% to Record Low

April 18, 2018 at 1:35 pm

NewLink Genetics (NLNK) reported Monday initial data from a phase 1 study of indoximod in combination with radiation therapy and chemotherapy for the treatment of pediatric patients with progressive brain tumors which showed that the therapy was well tolerated with minimal increase in toxicity. “These early data, though from a small cohort of pediatric patients, demonstrate the potential of theRead More

Pebblebrook Hotel’s Revised Acquisition Proposal to LaSalle Hotel Includes 5.8% Offer Increase

Pebblebrook Hotel’s Revised Acquisition Proposal to LaSalle Hotel Includes 5.8% Offer Increase

April 18, 2018 at 1:33 pm

Pebblebrook Hotel Trust (PEB), the owner of Hotel Monacos in Washington DC and Seattle and W Los Angeles in West Beverly Hills released a revised proposal in its bid to take over LaSalle Hotel Properties (LHO), Janney analyst Tyler Batory said in a note to clients on Monday. The exchange ratio was increased to an implied merger price of $31.75Read More