Energy Stocks Firm Near Closing Bell

Energy Stocks Firm Near Closing Bell

Energy stocks were holding on to a small advance this afternoon, with the NYSE Energy Sector Index rising almost 0.3% although shares of energy companies in the S&P 500 were up nearly 0.2% as a group. Crude oil for November delivery settled 30 cents higher at $51.30 per barrel while November natural gas futures was little changed at $2.89 per 1 million BTU. In company news, Cenovus (CVE,CVE.TO) climbed almost […]

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Microsoft Software Said Bought by Russian Organizations Despite Sanctions

Microsoft Software Said Bought by Russian Organizations Despite Sanctions

Software made by Microsoft (MSFT) has been acquired by state organizations and firms in Russia and Crimea despite sanctions barring US-based companies from doing business with them, Reuters reported, citing documents on the Russian state procurement database. The report cited unnamed people involved in the transactions as saying that some of the users gave Microsoft fictitious data about their identity. It said the products were sold via third parties and […]

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Hudson Technologies Q3 Preliminary Results Lower Than Street View – Stock Down 9.5% After-Hours

Hudson Technologies Q3 Preliminary Results Lower Than Street View – Stock Down 9.5% After-Hours

Hudson Technologies (HDSN) said on Tuesday it expects to report Q3 revenues of about $25 million and net income per share in the range of $0.03 to $0.05 on a fully diluted basis. Analysts are expecting earnings of $0.09 per share on revenue of $41 million for the quarter. On a combined basis, assuming that Q3 2017 included revenue from Airgas-Refrigerants, Inc., pro forma consolidated revenue would have been $57 […]

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MiMedx Says it Filed Lawsuit Related to Short Seller Attacks

MiMedx Says it Filed Lawsuit Related to Short Seller Attacks

MiMedx Group, Inc (MDXG), a producer of regenerative biomaterial products, said Wednesday that it has filed a lawsuit against Viceroy Research and Sparrow Fund Research, John Fichthorn, BR Dialectic Capital Management and certain others for libel, slander, defamation, false light and tortious interference with business relations. “We contend the defendants knowingly concocted and disseminated false statements against MiMedx and our employees to our shareholders, the investment community and the public […]

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WPP Cuts 2017 Sales Growth Outlook

WPP Cuts 2017 Sales Growth Outlook

WPP, the world’s largest advertising group, cut its forecast for 2017 net sales after a first-half decline in its biggest market, North America. Total like-for-like net sales fell 0.5% in the six months to June 30, the London-based firm said. In North America, like-for-like sales were down 2.2%, although they were up 3.8% in the UK. “Following the pressure on client spending in the second quarter particularly in the fast […]

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