U.S. Dollar Rally Dries Up

U.S. Dollar Rally Dries Up

The U.S. dollar kicked off the last week of 2016 in high spirits, buoyed by a record setting day for the Nasdaq Composite index, attractive Treasury yields, and a 15-year high in U.S. consumer confidence. After four consecutive days lower the week prior, USD/JPY was stronger on Tuesday, climbing closer to 118.00. But with trading volumes growing increasingly thin and year-end yen repatriation plaguing the dollar, the uptrend evaporated. A […]

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Flanigan’s Enterprises Q4 Earnings Slide from Year Ago Levels

Flanigan’s Enterprises Q4 Earnings Slide from Year Ago Levels

Flanigan’s Enterprises, a Florida-based restaurant operator, reported Q4 2016 net income per basic and diluted common share of $0.21, down from $0.43 for the same period last year. Revenues for the quarter were $25 million, about flat with the $25.1 million recorded in the year-ago period. For full-year 2016, the company reported earnings per share of $1.64, down from $1.86 in 2015, and revenues of $103.6 million, up from $99.1 […]

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LATAM Airlines Group S.A. and Qatar Airways Completes Capital Increase

LATAM Airlines Group S.A. and Qatar Airways Completes Capital Increase

LATAM Airlines Group S.A, an airline group in Latin America, said Wednesday that Qatar Airways, through its wholly owned subsidiary Qatar Airways Investments (UK) Ltd., completed its acquisition of 10% of LATAM reaching a total of 60,837,452 shares. The preemptive rights offering of 61,316,424 new shares, at a price per share of $10, ended on Dec. 23, 2016, in which Qatar subscribed shares of LATAM through its wholly-owned subsidiary Qatar […]

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Bonds Fall to Week Lows

Bonds Fall to Week Lows

U.S. Treasuries fell Tuesday, trading to week-ago levels as stocks aimed at new records. December data beat estimates with consumer confidence hitting the highest level since August 2001 alongside an improving Richmond manufacturing measure while October home prices increased in line with expectations. Supply in the holiday-shortened week is dragging on prices while ongoing safe-haven and re-balancing issues are seen adding support. The 30-year has stalled near 3.147% from a […]

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Myriad Genetics Shares Drop

Myriad Genetics Shares Drop

Shares of Myriad Genetics shares fell to their lowest level since August 2015 on Friday after the company said it was disappointed that a Medicare administrative contractor in charge of the Mol Dx program issued a draft non-coverage decision for its rheumatoid arthritis test Vectra DA. MYGN was down 5% at $16.70 recently, having earlier traded as low as $15.86. The 52-week high is at $44.49. In a statement to […]

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Jobless Claims Jumped More Than Expected Last Week

Jobless Claims Jumped More Than Expected Last Week

Jobless claims rose more than expected in the week that ended on Dec. 17, the Labor Department said in a report on Thursday. Initial claims jumped by 21,000 to 275,000 last week, missing expectations for an increase to 256,000, the department said. The four-week moving average was 263,750, up by 6,000 from the prior week. While such a large increase was unexpected, the total was still below the 300,000 mark […]

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