Hong Kong Hang Seng Off 0.42% On Soft China Economic Data

Hong Kong Hang Seng Off 0.42% On Soft China Economic Data

The Hong Kong Hang Seng Index fell back 0.42% Thursday, with property developers and banks extending recent retreats, after the release of weaker-than-expected mainland Chinese retail sales and industrial data. China officials reported industrial output in August increased 6.0% year-on-year, against an expected 6.6%; retail sales rose 10.1% year-on-year, against an expected 10.5%; and fixed-asset investment in urban areas rose 7.8% in the first eight months of the year over […]

Read More ˃
Cadence Design Systems’ Entry into S&P 500 Among Index Changes Set For Next Week

Cadence Design Systems’ Entry into S&P 500 Among Index Changes Set For Next Week

Cadence Design Systems (CDNS) will replace Staples (SPLS) in the S&P 500, S&P SmallCap 600 constituent ILG Inc. (ILG) will replace Cadence Design Systems in the S&P MidCap 400, and Meta Financial Group Inc. (CASH) will replace ILG in the S&P SmallCap 600 effective prior to the open on Monday, Sept. 18. Also, The Brink’s Co. (BCO) will replace VCA Inc. (WOOF) in the S&P MidCap 400. Mars is buying […]

Read More ˃
Consumer Stocks Drifting With Mid-Size Declines

Consumer Stocks Drifting With Mid-Size Declines

Consumer stocks were mostly lower this afternoon, with shares of consumer staples companies in the S&P 500 sinking more than 0.6% while shares of consumer discretionary firms in the S&P 500 were dropping nearly 0.3%. In company news, shares of Cherokee Inc (CHKE) fell to their lowest price in at least two decades on Friday, sinking nearly 25% to $3.50 apiece after the apparel-maker last night reported a Q2 loss, […]

Read More ˃
Toshiba’s Deadline for Sale of its Chip Unit Passes Without Deal

Toshiba’s Deadline for Sale of its Chip Unit Passes Without Deal

Toshiba’s self-imposed deadline for sale of its chip making unit passed without an agreement with a buyer, despite interest from several consortiums including one led by Western Digital (WDC), according to media reports. It was the second time Toshiba has missed such a deadline, The New York Times reported. Citing unnamed sources “familiar with the process,” Reuters said Toshiba Chief Executive Satoshi Tsunakawa asked the company’s creditors Wednesday: “Please give […]

Read More ˃
Gold Standard Ventures Acquires Battle Mountain Gold

Gold Standard Ventures Acquires Battle Mountain Gold

Gold Standard Ventures said Wednesday that it has entered into a definitive agreement to acquire all of the issued and outstanding common shares of Battle Mountain Gold Inc. for consideration of 0.1891 of a common share of Gold Standard plus $0.08 in cash for each Battle Mountain common share held. Battle Mountain is a company focused on acquiring, exploring and developing precious metals projects in geological districts with potential for […]

Read More ˃