A steep sell-off in energy company stocks in recent months due to falling oil prices may be overdone and there are some potential bargains to be had, Barron's financial newspaper said in its latest edition on Sunday.
North America
Wall St. flat after last week's big gain; energy weighs
U.S. stocks ended near flat on Monday, pausing after the S&P 500's biggest weekly gain since January 2013, while energy shares fell with another decline in oil prices.
Twitter users and engagement disappoint, shares dive
Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in its stock on Monday.
CVS Health, Rite Aid block Apple Pay in their stores
Drug retailers CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) have disabled Apple Inc's (AAPL.O) new electronic payments service Apple Pay from their stores over the weekend, the New York Times reported.
Vernalis PLC Announces CTI Becomes Worldwide Licensee for Tosedostat
Vernalis plc today announces that CTI BioPharma Corp. (CTI), a US corporation publicly listed on NASDAQ, replaces the UK venture capital backed Chroma Therapeutics (Chroma) as worldwide licensee of tosedostat. CTI previously held rights to tosedostat in the Americas under a Licence Agreement with Chroma. Chroma no longer retains any ongoing rights or financial interest in tosedostat.
Latest News
Unless it springs a major surprise, the U.S. Federal Reserve will call time this week on its program of government bond purchases, which at one point was pumping $85 billion a month into financial markets and the economy.
Salesforce Inc is betting big on healthcare, hiring key personnel and ramping up investment in hopes of replacing outmoded medical industry infrastructure and carving out a $1 billion annual business.
Cable television network TLC on Friday said it has canceled "Here Comes Honey Boo Boo," the popular cable reality series, about a rural Georgia family and their precocious beauty pageant daughter.
More than a dozen oil producers have joined to lobby the federal government to reverse the 40-year-old ban on U.S. crude exports, a move that supporters say would create jobs and keep the energy boom alive, a spokesman for one of the companies and a lobbyist for another one said on Friday.
Lantern, a technology startup that offers online and mobile coaching programs to support mental health, has won early backing for its service.
U.S. TV startup Roku Inc is working on plans to confidentially file for an initial public offering, the Wall Street Journal reported, citing people familiar with the matter.
Amgen Inc (AMGN.O), one of the world's largest biotechnology companies, will unveil next week its first strategy update since early 2013, but few expect a major shift like the split-up recently proposed by Daniel Loeb's Third Point hedge fund.
Jim Tully's hours-long walks to and from work in the Pocono Mountains, where he has been repeatedly stopped by police in a case of mistaken identity in the manhunt for a Pennsylvania cop killer, may be coming to an end.
Amazon.com Inc's (AMZN.O) once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector's highest valuations drew widespread ire after a spectacular results letdown on Thursday.
