Author: John Wilkes

Bond Prices Sneak Higher Ahead of Heavy Data, Fed Speak and Supply — 10-Year 2.941%

Bond Prices Sneak Higher Ahead of Heavy Data, Fed Speak and Supply — 10-Year 2.941%

US Treasury prices were little changed, with prices slightly higher, dipping yields with longer dated notes mildly outperforming. The 10-year yield was down near 2.941% versus a 2.942% close. The two-year was also flat at 2.707%. Core European sovereign prices weakened modestly from earlier highs, with the German Bund yield up 1.5 basis points from Friday at 0.399% after testing […]

Fuel Tech Gain 14%, Wins $15.8 Mln in Orders From US and China Customers

Fuel Tech Gain 14%, Wins $15.8 Mln in Orders From US and China Customers

Fuel Tech (FTEK) jumped more than 14% after the company said it has won multiple air pollution control contracts from customers in the United States and China worth a total of approximately $15.8 million. It noted one of the awards was a follow-on order at a domestic data center involved in using Fuel Tech’s Selective Catalytic Reduction (SCR) and urea […]

Labor Productivity Rises 2.9% in Second Quarter, Biggest Gain in More Than Three Years

Labor Productivity Rises 2.9% in Second Quarter, Biggest Gain in More Than Three Years

Labor productivity in the US increased 2.9% in the three months that ended on June 30, the biggest gain since the first quarter of 2015, the Bureau of Labor Statistics said in a report on Thursday. Analysts had expected productivity gains of 3%. Output increased 5% and hours worked rose 2%. Year-over-year, productivity in the second quarter rose 1.3%, reflecting […]

Cedar Fair Sees Revenue Gains Through Labor Day But Downbeat First Half Cuts Guidance

Cedar Fair Sees Revenue Gains Through Labor Day But Downbeat First Half Cuts Guidance

Cedar Fair Entertainment (FUN) reported gains in net revenue for the five weeks through the key Labor Day holiday weekend as attendance and in-park spending inched ahead even as disappointing first-half results brought a lowered outlook for the full year. The Sandusky, Ohio-based operator of theme parks including Canada’s Wonderland, Knott’s Berry Farm and California’s Great America said preliminary net […]

Bond Prices Head Higher Following Run of Data; Trade Issues Loom – 10-Year 2.877%

Bond Prices Head Higher Following Run of Data; Trade Issues Loom – 10-Year 2.877%

US Treasury prices rose early Thursday following a rush of mixed data with the five-year leading with the 10-year chasing behind while the two-year lagged the curve. Numbers showed a miss on ADP payrolls, better claims, a mix on August services data, in line productivity, lower labor costs and factory orders. Trade started quietly little-changed while volumes bounced on the […]

Histogenics Says Phase 3 Trial of NeoCart Failed to Meet Primary Endpoint

Histogenics Says Phase 3 Trial of NeoCart Failed to Meet Primary Endpoint

Shares of Histogenics (HSGX), a clinical-stage company focused on the development of restorative cell therapies, fell nearly 64% in pre-market trading Wednesday after the company said its phase 3 trial of NeoCart failed to meet the primary endpoint of a statistically significant improvement in pain and function in a dual threshold responder analysis one year after treatment as compared to […]

bluebird bio Says Phase 2/3 Starbeam Study Meets Enrollment Goal

bluebird bio Says Phase 2/3 Starbeam Study Meets Enrollment Goal

bluebird bio (BLUE) reported Wednesday that its phase 2/3 Starbeam study of its investigational Lenti-D gene therapy in boys 17 years of age and under with cerebral adrenoleukodystrophy (CALD), has met its enrollment goal; it also reported initial data from ALD-103, the ongoing observational study of outcomes from allogeneic hematopoietic stem cell transplant (allo-HSCT) in boys 17 years of age […]

Albemarle Is Reportedly Interested in Acquiring FMC’s Lithium Business

Albemarle Is Reportedly Interested in Acquiring FMC’s Lithium Business

Albemarle (ALB) may want to acquire FMC’s (FMC) Livent lithium unit if the unit’s initial public offering scheduled this fall does not go through, Reuters reported, citing an unidentified source familiar with the matter. Albemarle executive Eric Norris, who leads the mining company’s global lithium business, told investors at a private June dinner in Las Vegas that a successful Livent […]