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U.S. Consumer Sentiment Index For February Unexpectedly Upwardly Revised
Consumer sentiment in the U.S. improved slightly more than initially estimated in the month of February, according to revised data released by the University of Michigan on Friday. The report said the consumer sentiment index for February was upwardly revised to 67.0 from the preliminary reading of 66.4.
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U.S. New Home Sales Spike To Ten-Month High In January
The Commerce Department released a report on Friday showing a sharp increase in U.S. new home sales in the month of January. The report said new home sales spiked by 7.2 percent to an annual rate of 670,000 in January after soaring by 7.2 percent to a revised rate of 625,000 in December.
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Chiesi, Protalix Receive Positive CHMP Opinion For Pegunigalsidase Alfa To Treat Fabry Disease
Protalix BioTherapeutics, Inc. (PLX) and Chiesi Global Rare Diseases, a business unit of the Chiesi Group, announced Friday that the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion, recommending marketing authorization for PRX-102 (pegunigalsidase alfa), the first and only pegylated enzyme for the treatment of adult patients with Fabry disease.
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U.S. Core Consumer Price Growth Unexpectedly Accelerates In January
A highly anticipated report released by the Commerce Department on Friday showed an unexpected acceleration in the annual rate of core consumer price growth in the month of January. The report said annual growth by core consumer prices, which exclude food and energy prices, accelerated to 4.7 percent in January from an upwardly revised 4.6 percent in December.
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MoneyGram Q4 Profit Soars
MoneyGram International, Inc. (MGI) reported Friday a net income for the fourth quarter of $21.8 million or $0.22 per share, sharply higher than $4.2 million or $0.04 per share in the prior-year quarter.
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U.S. Personal Income Climbs Less Than Expected In January
A report released by the Commerce Department showed U.S. personal income increased by less than expected in the month of January. The Commerce Department said personal income climbed by 0.6 percent in January after rising by an upwardly revised 0.3 percent in December.
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DOJ Accuses Google Of Deleting Evidence In Antitrust Case
U.S. Justice Department or DOJ has accused Alphabet Inc.'s Google of deleting internal corporate communication that was supposed to serve as evidence in the government's antitrust case against the search business. The Department has asked a Federal judge to hold a hearing and to sanction the company over its intentional and repeated destruction of written communications.
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Icahn Enterprises Q4 Loss Narrows
Icahn Enterprises L.P. (IEP) reported Friday a net loss attributable to Icahn Enterprises for the fourth quarter of $255 million or $0.74 per depositary unit, compared to net income of $396 million or $1.72 per depositary unit in the prior-year quarter.
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German Economy Worse Than Expected Fall In Q4
Germany's economy shrank more than estimated at the end of the year amid fears of another contraction in the first quarter, signaling that hopes of a shallow recession in the biggest euro area economy was premature as high inflation continues to weigh on household spending and investment. Gross domestic product shrank 0.4 percent from the third quarter, when the economy expanded 0.5 percent, deta
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Evergy Guides FY23 In Line With Estimates - Update
While reporting financial results for the fourth quarter on Friday, Evergy, Inc. (EVRG) initiated its earnings and adjusted earnings guidance for the full-year 2023. It also reaffirmed long-term adjusted earnings growth outlook.
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Lamar Advertising Q4 Profit Halves
Billboard firm Lamar Advertising Co. reported on Friday that profit for the fourth quarter nearly halved from last year, hurt by steeply higher depreciation and amortization expenses, despite an 8 percent revenue growth. The company also initiated financial guidance for the full-year 2023.
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Lancaster Table & Seating Brand High Chairs Recalled
Clark Associates is recalling Lancaster Table & Seating Brand high chairs citing fall risks to children, the U.S. Consumer Product Safety Commission said. The recall involves about 22,400 high chairs sold in the United States. In addition, about 52 chairs were sold in Canada.
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Sensex, Nifty Extend Recent Declines As Metal Stocks Drag
Indian shares fell for a sixth consecutive session on Friday, with mixed global cues and a rebound in oil prices keeping investors nervous.
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