Market index snapshot shows mixed gains across sectors
The Dow adds 57.11 points to 21,410.03 while Nasdaq climbs 45.92 to 6,233.95. S&P 500 rises 142 points to 2,435.61. Russell 2000 gains 3.72 to 1,399.25 and NYSE advance total up 42.68.
MENTIONED IN THIS ARTICLE
Dow
S&p
Russell
At&t Inc
Bb&t Corp
Bank of America Bac
Best Buy
Commercial
CMC
I Curtis-Wright
Repre
Ase Danaher Corp Dhr
Cannes
Tli
Dillards Inc Ods
DollarTree Oltr
DUK
FMC
FMC Corp
HBI
HOG
Home Depot
Inte
Corp
IBM
Martin Manella
MSFT
PNC Financial Pnc
Park Sterling Pstb
Putte Hommes Phm
Texas Roadhouse
TXRH
Time Warmer Inc
Wells Fargo
Market Movers FedEx and Whirlpool mov e on earnings
FedEx Corp rose 3.35 to 212.30 after quarterly earnings beat estimates due to higher rates and volumes. Whirlpool Corp dropped 0.75 to 193.81 as CEO Jeff Fettig announces departure in October with COO Marc Bitzer set to succeed him.
MENTIONED IN THIS ARTICLE
FedEx Corp
Wall Street
Whirlpool Corp
Jeff Fettig
Oil prices dip below 45 as OPEC cuts miss goal
Oil prices fell again on Wednesday with the international benchmark under 45 dollars per barrel. Analysts say OPEC and ten other producers are failing to curb output enough to eliminate the supply glut and lift prices.
MENTIONED IN THIS ARTICLE
OPEC
Bailey family expands to McAdenville with new Sammy's venture
Belmont based Sammy's Neighborhood Pub owners John and Alyssa Bailey plan McAdenville Table and Market opening in late 2017. The Village on Main Street space was chosen after presenting plans to Pharr Yarns, with renovations nearly finished and the exterior completed.
MENTIONED IN THIS ARTICLE
Bailey
Sammy
Belmont
McAdenville
John Bailey
Main Street
Pharr Yarns
Bailey family revives Sammy's site as McAdenville Table and Market
Bailey and family plan a one level dining and market space in the former Sammy's location in McAdenville, restoring historic Abernathy's storefront. The building will host a fresh meat and seafood market with wine and craft beer, plus a family style restaurant concept. Local community engagement is a stated aim as renovations reflect 1880s origins. Alyssa Pressler can be reached at 704-869-1819.
MENTIONED IN THIS ARTICLE
Bailey
Jim Bailey
Catherine Roberts
Sammy’s
McAdenville Table
Abernathy
R.Y. McAden
Gaston County
McAdenville
Biosimilars debate rises after supreme court ruling
Amgen faces faster competition for top priced biologics as a recent court ruling clarifies biosimilar development. The decision could speed rivals to market while potentially offering Amgen leverage in pricing and litigation.
Amgen faces rising biosimilar pressure as rivals cut prices
Evans argues regulatory shifts may accelerate biosimilar entry reducing Amgen revenue in some areas while aiding others as Amgen develops its own biosimilars. She notes protection for novel drugs remains, but biosimilars threaten four top Amgen biologics that made up 55 percent of last year’s $23 billion sales.
MENTIONED IN THIS ARTICLE
Evans
Amgen
Crude Market Notes and Dividend Footnotes Summary
Crude prices around 42.53 to 42.98 with dividend footnotes detailing payments not included. Information covers stock ratings, annual dividends, payout timing, and distribution declarations within the past year and current annual rate, noting closed-end stock status and profit indicators.
MENTIONED IN THIS ARTICLE
Goderd
Ford
La-Z-Boy Surges as Earnings Beat Forecasts
La-Z-Boy shares jumped about 22 percent after reporting quarterly earnings above expectations. Monroe Michigan based maker posted net income of 28 million or 57 cents a share versus 22.7 million or 45 cents a year earlier. Revenue rose to 412.7 million from 417.1 million prior year due to one extra selling week last year. The results beat FactSet estimates of 46 cents per share on 401.1 million in revenue.
MENTIONED IN THIS ARTICLE
La-Z-Boy
Wall Street
Monroe
Michigan
Also Mentioned on This Page
Commodities Review
Marc Bitzer
The
Associated Press
By Alyssa Pressler
Ajackson
Gastongazette.com
Alyssa Pressler
Twitter
U.S. Supreme Court
Biosimilars
Anda A. Johnson, Alex Nieves
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