Category: Business News
Oil Prices Retreat

Oil Prices Retreat

Oil prices were paring early gains on Wednesday despite government data showing a bigger than expected drop in US inventories of the hydrocarbon commodity, marking only the second ...

Middle East Stocks Mostly Lower

Middle East Stocks Mostly Lower

MidEast shares mostly fell, with Dubai finding only mild support from a rise in earnings at Dubai Islamic Bank. Dubai Islamic Bank said Q1 net profit attributable to ...

S&P 500 Down For the Week

S&P 500 Down For the Week

The Standard & Poor's 500 index edged down 0.3% this week, with declines in telecommunications, financial, consumer-discretionary and technology stocks outweighing gains ...

Delphi Automotive Invests in High Frequency Data Transmission Company

Delphi Automotive Invests in High Frequency Data Transmission Company

Delphi Automotive said Thursday it has made a strategic investment in Israel-based Valens, a provider of semiconductor products for the distribution of ultra-high-definition ...

CommScope Strikes Cross-License Deal With Kathrein

CommScope Strikes Cross-License Deal With Kathrein

CommScope, provider of network wired and wireless infrastructure equipment and services, said Wednesday it entered into a long-term agreement to cross-license portions of patent ...

New Concept Energy Rallies on Q4 Profit

New Concept Energy Rallies on Q4 Profit

Shares of New Concept Energy opened higher Tuesday after the company reported a profit for Q4. The company's shares were up 22%, at $2.17 per share in early trading. After the ...

Preferred Apartment Communities Buys Founders Village in Williamsburg, Virginia

Preferred Apartment Communities Buys Founders Village in Williamsburg, Virginia

Preferred Apartment Communities (APTS) said Monday it has acquired Founders Village, a newly-constructed 247-unit Class A multifamily community in Williamsburg, Virginia, on March ...

USD/JPY Retreats to Support

USD/JPY Retreats to Support

The risk-off trade that is plaguing Wall Street at the end of the quarter was weighing on the dollar as it slipped further towards 111.22 support against the yen. This is the ...

ContraFect Gets Grant

ContraFect Gets Grant

ContraFect said Thursday that it has been selected to receive funding of up to $2.1 million from the Combating Antibiotic Resistant Bacteria Biopharmaceutical Accelerator (CARB-X) ...

BP Up More Than 1%

BP Up More Than 1%

BP is up more than 1% after an executive there told Reuters the company had no plans to build new refineries; instead, it would focus on modernizing existing plants while ...