15 March, 2017 by The TZ Newswire Staff Comments Off on After the Fed, traders watching Trump and data dump
After the Fed, traders watching Trump and data dump
Traders will look at economic reports Thursday for confirmation that the narrative of stronger growth is intact.
15 March, 2017 by The TZ Newswire Staff Comments Off on Virtu Financial Makes Unsolicited Bid to Buy KCG Holdings
Virtu Financial Makes Unsolicited Bid to Buy KCG Holdings
KCG confirmed reports that rival Virtu Financial made an offer to buy the company more than $18 a share.
15 March, 2017 by The TZ Newswire Staff Comments Off on Why NeoPhotonics Corp Stock Jumped Today
Why NeoPhotonics Corp Stock Jumped Today
Shares of NeoPhotonics Corp (NYSE: NPTN) finished up 18.1% today, overcoming an initially poor reaction to its earnings report, as it seemed to rally on general excitement in the fiber-optics industry and a potential short squeeze.
Shares of the fiber-optics specialist opened down 13.5%, as investors were unhappy with the guidance in its fourth-quarter report.
15 March, 2017 by The TZ Newswire Staff Comments Off on 2 Things Frontier Communications Does Right
2 Things Frontier Communications Does Right
For the past three quarters, Frontier Communications (NASDAQ: FTR) has produced disappointing results. In fact, since the company purchased Verizon‘s wireline business in California, Texas, and Florida (CTF), customer counts have steadily dropped for the internet and cable company. That $10.54 billion deal more or less doubled the size of the company, giving it not only, 3.3 million voice connections, 2.1 million broadband subscribers, and 1.2 million FiOS video customers, but also the size needed to operate more efficiently.
15 March, 2017 by The TZ Newswire Staff Comments Off on Why NetEase, Inc. Surged 20% in February
Why NetEase, Inc. Surged 20% in February
Shares of NetEase (NASDAQ: NTES) popped 20.1% last month, according to data provided by S&P Global Market Intelligence, as the Chinese internet technology company’s strong fourth-quarter earnings report was applauded by investors.
Image source: Getty Images.
Revenue surged 53% year over year, to 12.099 billion Chinese renminbi (RMB), or roughly $1.74 billion. The gains were broad-based, with NetEase enjoying solid sales increases across its product lines.
15 March, 2017 by The TZ Newswire Staff Comments Off on Why Northern Dynasty Minerals Stock Just Jumped 17%
Why Northern Dynasty Minerals Stock Just Jumped 17%
Shares of Northern Dynasty Minerals (NYSEMKT: NAK) were on the move once more in Wednesday trading, closing the day up 16.7%.
The question is: Why? It’s been a full week since the last time we heard so much as a peep out of Northern Dynasty management, and all the headlines since have consisted of various law firms announcing lawsuits alleging the stock is “not commercially viable,” that its “financial statements” are “false and misleading” — or both.
15 March, 2017 by The TZ Newswire Staff Comments Off on Massey raises twice as much as de Blasio in latest campaign filing
Massey raises twice as much as de Blasio in latest campaign filing
Paul Massey trounced Mayor Bill de Blasio in fundraising over the past two months, raising twice as much as the incumbent, new filings show. The Republican mayoral candidate and Cushman & Wakefield executive raked in $850,000, according to the city’s Campaign Finance Board, compared with the mayor’s $394,000 haul between Jan. 12 and March 11, the New York Post reported.