European ADRs Slightly Higher

European ADRs Slightly Higher

American depository receipts of European stocks were 0.1% higher at 127.36 on the Bank of New York Mellon Europe ADR Index on Monday morning. Gainers in Continental Europe were led by Cellectis (CLLS), a French genome engineering company, 2.4% higher, followed by DBV Technologies (DBVT), a French clinical-stage biopharmaceutical company, up by 1.8% and Grifols (GRFS), a Spanish company engaged in the healthcare sector, also 1.8% higher. Nokia (NOK), a […]

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Integrated Electrical Services Subsidiary Acquires Freeman Enclosure Systems

Integrated Electrical Services Subsidiary Acquires Freeman Enclosure Systems

Integrated Electrical Services said Thursday that its subsidiary IES Infrastructure Solutions has acquired all of the membership interests of Freeman Enclosure Systems. Freeman is based outside of Cincinnati, Ohio, and manufactures custom generator enclosures that are primarily used by data centers and large commercial and industrial facilities. The acquisition also includes the purchase of Freeman’s 143,000-square foot manufacturing facility through an affiliated entity. Freeman will operate as a subsidiary in […]

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Aptevo to Present Preclinical Data

Aptevo to Present Preclinical Data

Aptevo Therapeutics, a biotechnology company developing oncology and hematology treatments, said Tuesday it will present preclinical data for new bispecific antibody candidates at a medical conference in April. “Based on Aptevo’s proprietary ADAPTIR protein therapeutic platform, the company’s latest bispecific candidates targeting CD123 were designed to redirect T-cell cytotoxicity to CD123-expressing tumors cells, a cell surface receptor highly expressed in several hematological malignancies,” the company said in a statement. Results […]

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Freeport-McMoran Says Export Ban Remains In Effect At Indonesian Copper MIne

Freeport-McMoran Says Export Ban Remains In Effect At Indonesian Copper MIne

Freeport-McMoran (FCX), a mining company, said an export ban remains in place at its copper mine in Indonesia, according to a report from Reuters. The ban is in effect because the company has not reached an agreement with the government on a new mining permit, the report said. Indonesian government officials had earlier told reporters they issued a new mining permit to Freeport and that it could apply for an […]

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Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks closed modestly higher for a second consecutive day, buoyed by a 15-month high in brent crude oil and positive quarterly earnings from the financial sector. Oil raced higher mid-morning on the combination of remarks from the Saudi oil minister regarding production cuts and an unexpected drop in inventory levels. As a result, West Texas intermediate gained 2.25% on the futures market, while brent was up 1.7%. The banking sector […]

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