Market News

Co announces 'The Shift Plan', a detailed three-year plan to reposition the co as a specialist provider of IP Networking and Ultra-Broadband Access. This new focus on the fast-growing business segments of IP Networking, cloud technologies and Ultra-Broadband Access will be delivered by a management team organized around full profit-and-loss (P&L) and cash accountability. The Shift Plan entails...

SES (SGBAF) announced that Thailand's IPMTV has broadened its partnership with SES. The broadcaster has contracted additional capacity on SES-8 and has renewed its multi-year capacity deal on NSS-6. SES-8 is expected to be launched later in 2013. SESG also announced a new multi-year, multi-transponder deal with one of its largest customers in the Philippines, MediaScape Inc, on SES-7 The n-PASHA...

European stock markets move cautiously higher on Wednesday, with what is likely to be a volatile day ahead as investors wait for the much-anticipated monetary-policy decision from the U.S. Federal Reserve.

MADRID (MarketWatch) -- HSBC on Wednesday cut its growth forecasts for China, citing faster reform moves that could hurt growth, along with weaker-than-expected data flows. Qu Hongbin, chief economist for China at HSBC, said their 2013 and 2014 gross domestic product views now stand at 7.4%, versus prior forecasts of 8.2% and 8.4%, respectively. Consensus is calling for China growth of 7.8% in 2013, he noted. Sub-8% growth will likely add to disinflationary pressures on the country, said Hongbin, who also lowered the consumer price inflation view to 2.5% year-on-year from 3.1% and the 2014 CPI view to 2.6% from 2.7%. Hongbin said it will take time for new measures from China to "filter through to the economy and have an impact on growth. In the short term some reform initiatives will actually be negative for demand, implying that growth will slow before regaining momentum in 2015." Growth should rebound in 2015, noted HSBC.

Stock futures are trading cautiously higher on Wednesday as markets await a monetary-policy decision from the FOMC and a following press conference from Fed Chairman Ben Bernanke.

Genetic Technologies (GENE) announced that through its subsidiary Phenogen Sciences it has executed an agreement with FedMed of Rockville, Maryland to use the FedMed national provider network. The Ellen MacArthur Foundation announced that Philips (PHG) will become a partner for the next three years to help accelerate the transition to the circular economy. Boeing (BA) and Ryanair finalized a firm...

FormFactor (FORM) announced that it has shipped multiple units of Apollo MF100 probe cards to two leading semiconductor foundries. Following an extensive engineering evaluation, the foundries selected the Apollo MF100 to test advanced 28nm System-on-Chip products, utilizing copper pillar packaging technology, in volume production. Northrop Grumman (NOC) has delivered the first of four AQS-24A ai...

VIVUS recommends that stockholders vote 'for' the Company's nine highly qualified nominees today by Internet, by telephone or by returning any GOLD proxy card received. Co stated "We believe FMC would create unnecessary risk for VIVUS and its stockholders and electing its nominees would throw VIVUS into turmoil at a critical juncture."

 

Oil was encountered while drilling the Harpoon prospect (EL 1112), located ~ 500 kilometres north-east of St. John's, Newfoundland and Labrador, Canada. "While it is still too early to determine Harpoon's resource potential at this time, this is very encouraging for the area and especially for the Bay du Nord well planned for later this year." The Harpoon discovery was drilled by the semi-submersi...