Wall Street Recovers From Overnight Sell-Off as Supports Remain Intact

Wall Street Recovers From Overnight Sell-Off as Supports Remain Intact

With the aid of strong technical support in the Dow and S&P 500 as well as investor sentiment that the situation in North Korea won’t immediately escalate into war, the major benchmark averages bounced off their opening lows to trade unchanged to slightly higher at midday on Monday. The blue chip index is straddling the flat-line with gainers and decliners evenly matched, while the Nasdaq Composite climbed back into positive […]

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Cellectar Biosciences Shares Higher

Cellectar Biosciences Shares Higher

Cellectar Biosciences gained 7% in morning trade Tuesday after its phospholipid drug conjugate research program generated numerous PDC molecules that show significant improved pharmacologic activity versus the payload molecule alone in tumor treatment. Utilizing a selection of novel linkers to attach proprietary cytotoxic molecules to the company’s PDC platform, Cellectar has formulated new compounds specifically designed for improved tumor targeting and fewer off-target adverse effects. The research has demonstrated that […]

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Trinseo to Offer Senior Notes

Trinseo to Offer Senior Notes

Trinseo, a maker of plastics, said pre-market Monday that it plans to raise $450 million in gross proceeds through an offering of senior notes due 2025 by its units Trinseo Materials Operating, and Trinseo Materials Finance. The net proceeds from the notes offering, together with $750 million of term loan borrowings, will be used to repay all outstanding indebtedness under the issuers’ 6.375% senior notes (EUR) and 6.750% senior notes […]

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Arthur J. Gallagher Acquires GPL Assurance

Arthur J. Gallagher Acquires GPL Assurance

Arthur J. Gallagher & Co said Friday morning it acquired Montreal-based retail insurance broker GPL Assurance Inc. Financial terms of the transaction were not disclosed. GPL CEO Louis-Thomas Labbe and his associates will continue to operate in their current locations in Montreal and Laval, Quebec, under the direction of Stephen Bryant, head of Arthur J. Gallagher’s Canadian brokerage operations. “GPL has an excellent reputation for superior client service, niche expertise […]

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EMCOR Group Beats Q2 Estimates

EMCOR Group Beats Q2 Estimates

EMCOR Group shares gained 8% in morning trade Thursday after beating Q2 estimates and raising its full year guidance. The company reported Q2 adjusted earnings of $0.95 per share, versus $0.92 last year. This beat the $0.84 analyst consensus. Revenue for the quarter was $1.90 billion, down from $1.93 billion last year and ahead of the $1.87 billion Street view. EMCOR now expects full year 2017 revenues to be approximately […]

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