Business News

DougParker-QatarAirways-062317-lg.jpgState-owned Qatar Airways intends to acquire 10 percent stake in American Airlines Group Inc., a surprising attempt by the Gulf carrier to enter into the U.S. aviation market amidst political tensions with neighboring Gulf countries. American Airlines revealed that Qatar Airways Chief Executive Akbar...

Reata Pharma's Omaveloxolone Gets FDA Orphan Drug Designation To Treat FA

Reata Pharmaceuticals, Inc. (RETA), a clinical-stage biopharmaceutical company, announced Thursday that the U.S. Food and Drug Administration has granted Orphan Drug Designation to omaveloxolone for the treatment of Friedreich's ataxia. Friedreich's ataxia or FA is an inherited, debilitating, and...

Pfeiffer Vacuum Buys Nor-Cal Products Inc. (USA)

Pfeiffer Vacuum Technology AG announced that its subsidiary Pfeiffer Vacuum Inc. (USA) acquired Nor-Cal Products Inc. (USA) for $68 million on a cash and debt-free basis. The purchase agreement was signed and executed and the transaction was mainly financed via a bank loan. With the acquisition...

Sysco Corp. (SYY) Has Tumbled To Over A 4-Month Low

Sysco Corp. (SYY) gapped open lower Friday and has steadily declined in early trade. The stock is now down 2.28 at $50.50. Sysco has been losing ground for the past week and has tumbled to a 4 1/2 month low. The stock has also dropped below its 200-day moving average.

IPO Watch: Altice Seeks Much Bigger Debut

Cable company Altice USA Inc. increased Wednesday the number of shares it will sell in its initial public offering by 37%, raising around $1.9 billion. In the IPO, the company offered 63.94 million shares at a price of $30 per share, higher than the 46.6 million shares announced last month.

Finish Line Q1 18 Earnings Conference Call At 8:30 AM ET

Finish Line Inc. (FINL) will host a conference call at 8:30 AM ET on June 23, 2017, to discuss Q1 18 earnings results. To access the live webcast, log on to http://edge.media-server.com/m/p/g3exh2in To listen to the call, dial 866-923-8645 (US) or 660-422-4970 (International) with conference ID#...
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06/23/17 13:0Baker Hughes - Rig CountJUN 23 United States
06/23/17 10:0New Home Sales - UnitsMAY United States
06/23/17 10:0New Home Sales - Median PricesMAY United States
06/23/17 9:45PMI ManufacturingJUN P United States
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