(RTTNews) - PDL BioPharma, Inc. (PDLI) has entered into a settlement agreement with related entities of Defined Diagnostics, LLC, or Wellstat Parties, resolving litigation relating to loans made to Wellstat Diagnostics by PDL.
Despite all of the closures and negative economic effects being created by the COVID-19 pandemic, some real estate investment trusts (REITs) are still collecting the vast majority of the rent they are owed. Mall REITs have been hit particularly hard, but the triple net lease sec
Americans' financial optimism is at an all-time low right now, dropping 134 points on the Wells Fargo/Gallup Investor and Retirement Optimism Index -- the largest drop since the index was founded in 1996.
A value stock is only worth buying if it's, well, a good value. A beaten-down share price alone doesn't make it a bargain -- it has to be underpriced because of temporary factors but really worth considerably more. Over time, once those temporary factors (like, say, a pandemic)
Though Sorrento Therapeutics (NASDAQ: SRNE) has a roster of coronavirus testing and therapeutics programs, it's also carrying a whopping $141.79 million in net debt, which is a heavy burden compared to its trailing 12-month revenues of $35.54 million and its $24.39 million in ca
(RTTNews) - Applied Industrial Technologies (AIT) reported fourth quarter non-GAAP adjusted net income of $31.1 million, or $0.80 per share. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.68, for the quarter. Analysts' e
Judging by Roku (NASDAQ: ROKU) stock's price action since the streaming platform company released its second-quarter earnings report earlier this month, you would think Roku is facing major challenges during the pandemic. Shares are down 11% since the quarterly update was posted
Americans of all ages are facing financial struggles due to the coronavirus as the great lockdown necessitated by it has led to record unemployment, an economic recession, and unprecedented volatility in the stock market.
(RTTNews) - Chinese Internet services provider Tencent Holdings Ltd. (TCEHY.PK) reported Monday that its second-quarter profit attributable to equity holders grew 37 percent to 33.11 billion Chinese yuan or $4.68 billion from last year's 24.14 billion yuan.
LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
As of late, it has definitely been a great time to be an investor in Lithia Motors, Inc. LAD. The stock has moved higher by 47.4% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest tha
The coronavirus pandemic keeps shining light into corners of the economy that just aren't used to the attention. Biotechnology is a wonky and underappreciated industry that's currently front and center, especially companies that might have an effective coronavirus vaccine in dev
Five-year plans seem to come every year at Harley-Davidson (NYSE: HOG), if not more often. It recently unveiled its third road map for the future in two years, changing from More Roads to Harley-Davidson to The Rewire to The Hardwire.
(RTTNews) - European stocks edged higher on Wednesday after data showed factory output in the euro zone grew for the second straight month in June, following a marked relaxation of the coronavirus containment measures.
As of late, it has definitely been a great time to be an investor in Infosys Limited INFY. The stock has moved higher by 29.5% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that t
This has been a year that Wall Street and investors won't soon forget. The coronavirus disease 2019 (COVID-19) pandemic has exacted an incredible physical and financial toll on this country, with more than 163,000 Americans losing their lives, over 20 million people (at one time
For Wall Street and investors, this has been a buckle-up-and-hold-on sort of year. The coronavirus disease 2019 (COVID-19) pandemic was responsible for the fastest bear-market retracement in history during the first quarter, and also gave way to the strongest quarterly rally sin
(RTTNews) - U.K. stocks rose notably on Wednesday amid bets of domestic stimulus after data showed Britain's economy shrank by a fifth in the last quarter.