Noble Secures Contract Extension

Noble Secures Contract Extension

Noble shares were up Friday after the company said in its latest rig fleet update that it won two contract extensions from Saudi Aramco, Saudi Arabia’s state oil company, for two jack-up rigs located in the Middle East. The Noble Scott Marks jack-up rig received a five-year contract extension through to early July 2022 from early July this year when the original contract would have expired. The dayrate was reduced […]

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Bank of New York Mellon Q4 In Line on Earnings

Bank of New York Mellon Q4 In Line on Earnings

Bank of New York Mellon Thursday reported earnings for Q4 that came in line with Street estimates and revenues that were lower than expected. Non-GAAP diluted EPS was $0.77, up from last year’s $0.68, matching the Capital IQ consensus. Revenues grew year-over-year to $3.79 billion from $3.73 billion but still fell short of the mean estimate of $3.86 billion provided by Capital IQ. Looking ahead, CEO Gerald L. Hassell said: […]

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Bonds See Late Boost as Stocks Fall

Bonds See Late Boost as Stocks Fall

U.S. Treasuries were chopped around early Tuesday, eventually stalling in range trade before getting a minor boost into the close as stocks tumbled. A light calendar showed a lower-than-expected New York manufacturing report while Federal Reserve officials offered no new news. Traders were looking out to Wednesday with the consumer price index (CPI) data, which is expected to show a 0.3% increase on the headline and 0.2% on the core, […]

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Consumer Staple Stocks Return to Positive Ground

Consumer Staple Stocks Return to Positive Ground

Consumer stocks have turned moderately higher this afternoon, with shares of consumer staples companies in the S&P 500 rising about 0.1% and reversing a narrow decline, while shares of consumer discretionary firms in the S&P 500 were posting a 0.4% increase. In company news, shares of Advanced Drainage Systems (WMS) have given back more than three-quarters of a 13% advance earlier today that followed analysts at RBC Capital Markets increasing […]

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Health Care Stocks Unable to Find Support

Health Care Stocks Unable to Find Support

Health care stocks retreated Wednesday, with the NYSE Health Care Index dropping over 0.8% while shares of health care companies in the S&P 500 were down nearly 1.0% as a group. In company news, American depository shares of Shire plc (SHPG) declined Wednesday after the U.S. Department of Justice today said the company will pay $350 million to settle accusations the company through its former Advanced BioHealing unit used kickbacks […]

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