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Jan19-011917.jpg Catabasis' phase II trial of Edasalonexent in boys affected by Duchenne muscular dystrophy is ongoing, and top-line results are anticipated in the first half of Q1 2017.

IBM-ibm-011917.jpg International Business Machines Corp. (IBM) Thursday reported an increase in profit for the fourth quarter, that also trumped Wall Street estimates. Armonk, New York-based IBM's fourth-quarter profit rose to $4.50 billion or $4.72 per share from $4.46 billion or $4.59 per share last year. Excluding...

AmericanExpress-AXP-011917.jpg American Express Co. (AXP) Thursday reported a drop in fourth-quarter profit, as revenues declined 4 percent due to absence of Costco portfolio while provisions for bad loans and marketing costs increased. Earnings fell short of Wall Street estimates, while revenues trumped expectations. New York-based...

wallstreet-121514_19Jan17.jpg After initially showing a lack of direction, stocks moved moderately lower over the course of the trading session on Thursday. The Dow closed lower for the fifth consecutive session, falling to its lowest closing level in over a month.

Auvi-Q-011917.jpg Pharmaceutical company Kaleo Thursday announced that Auvi-Q, the rival for EpiPen, will be available by prescription starting February 14 for $360. Each AUVI-Q prescription includes two Auto-injectors and one Trainer for AUVI-Q. Auvi-Q is a epinephrine injection used to treat life-threatening allergic...

RickPerry-011917.jpg During a hearing on his nomination to run the Energy Department on Thursday, former Texas Governor Rick Perry expressed regret for previously recommending the department's elimination. Testifying before the Senate Committee on Energy and Natural Resources, Perry said he had learned a great deal about...

GOP-011917.jpg As Republican National Committee Chairman Reince Priebus prepares to become President-elect Donald Trump's Chief of Staff, members of the committee elected Ronna Romney McDaniel as his successor on Thursday. McDaniel, the niece of former Republican presidential nominee Mitt Romney, became the second woman ever elected Chair of the RNC.

SonnyPerdue-011917.jpg A day before his inauguration, President-elect Donald Trump revealed his final Cabinet nomination on Thursday, announcing his choice of former Georgia Governor Sonny Perdue as Agriculture Secretary. Purdue, who began his political career as a Democrat in the Georgia legislature before switching to...

lowes-011917.jpg Home improvement retailer Lowe's Companies Inc. (LOW) has reportedly informed about 2,400 employees that they will be laid off. The majority of the lay offs are at the store level, while other affected positions are at distribution centers, contact centers and at the company's corporate office in...

wallstreet-111614_19Jan17.jpg Stocks continue to show a lack of direction in mid-day trading on Thursday, extending the lackluster performance seen over the past several sessions. Currently, the major averages are lingering just below the unchanged line.

lockheed-martin-F-35-011917.jpg The U.S. Department of Defense and Lockheed Martin Corp. are reportedly nearing a deal worth $9 billion for F-35 fighter planes. President-elect Donald Trump had earlier heavily criticized the Pentagon for overspending on defense contracts. He had specifically noted the F-35 as an example on how Lockheed...

StevenMnuchin-011917.jpg President-elect Donald Trump's nominee for Treasury Secretary Steven Mnuchin sought to defend his banking career in testimony before the Senate Finance Committee on Thursday. Mnuchin has received considerable criticism for his record as co-owner of OneWest Bank, which has been accused of unfair loan and foreclosure practices during the financial crisis.

JohnMcCain-011917.jpg After previously indicating he was leaning toward supporting Rex Tillerson's nomination as Secretary of State, Senator John McCain, R-Ariz., noted Wednesday evening he has not made up his mind about confirming the former head of ExxonMobil (XOM).

wallstreet2-103112_19Jan17.jpg Stocks are turning in another lackluster performance in morning trading on Thursday after ending the previous session mixed. The major averages are once again bouncing back and forth across the unchanged line.

ECB-Draghi-011917.jpg Eurozone inflation is being driven largely by energy costs and the recent pick up in momentum is unlikely to sustain, European Central Bank President Mario Draghi said Thursday, adding that policymakers will continue to look through transient changes. "There are no signs yet of a convincing upward trend in underlying inflation," Draghi said.

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