Business

Biogen cuts 11% of workforce in restructuring

The stock had changed -2.64% since market close yesterday. In its earnings release , Biogen ( NASDAQ: BIIB ) said it's axing a number of the programs in its pipeline in a bid to save about $250 million a year . The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link . The firm has a market capitalization of $62.51 billion and a PE ratio of 18.00.

Business

Harley-Davidson Price Target Lowered to $51.00 at RBC Capital (HOG)

Zacks lowered Harley-Davidson from a hold rating to a sell rating in a research report on Thursday, October 8th. DA Davidson downgraded shares of Harley-Davidson from an outperform rating to a sector perform rating in a research report on Wednesday, July 8th.

Business

Alphabet Inc (GOOG) Q3 2015 Earnings: Mobile Carriers Google To Strong Results

The heightened volatility saw the trading volume jump to 1,815,759 shares. The company has received an average rating of 1.16 from 31 brokerage firms. The Company's business is primarily focused around key areas, such as search, advertising, operating systems and platforms, enterprise and hardware products.

Business

Raytheon Posts 3Q Profit Decline on Websense Costs, Boosts Full-Year Revenue

The heightened volatility saw the trading volume jump to 1,583,376 shares. Shares of Raytheon Company ( NYSE:RTN ) opened at 112.66 on Thursday. Raytheon Co, maker of the Patriot missile system, on Thursday reported sharply lower net earnings and bookings in the third quarter, but said its cash flow generation was strong and revenues for the full year would be higher than expected.

Business

15-year mortgage rates drop below 3%

Assuming a borrower gets the average 30-year conforming fixed rate on a $417,000 loan, last year's rate of 3.92 percent and payment of $1,972 is $31 more than this week's payment of $1,941. This helps keep a lid on long-term government bonds yields, to which mortgage rates are closely related. "In response, 30-year mortgage rates fell three basis points this week to 3.79 percent", says Sean Becketti, chief economist for Freddie Mac .

Business

Shaw misses 4Q profit forecasts

The higher price target estimate for the stock has been calculated at $24 while the lower price target estimate is at $22. Consolidated revenue for the quarter and fiscal year of $1.3 billion and $5.5 billion, respectively, were up 6.3% and 4.7% over the comparable periods.


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