Europe is undermining drug innovation by cutting prices, raising barriers to new medicines and freeloading off others in Asia and the United States who are more willing to pay, the boss of Pfizer, the world's largest drugmaker, said.
The U.S., the European Union and Japan will file a complaint with the World Trade Organization, which arbitrates international trade disputes, on Tuesday over Chinese export caps on rare earth minerals used in high-tech manufacturing, the Wall Street Journal reported.
The companies whose shares are moving in pre-market trade on Tuesday are: Paychex, WYNN Resorts, Beam Inc, Express Scripts, Sprint Nextel Corp, Carnival Corp, Weyerhaeuser Co, Safe Bulkers, Urban Outfitters and Urban Outfitters.
The top after-market NASDAQ gainers Monday were: Carmike Cinemas, IntegraMed America, Powerwave Technologies, Tranzyme, AeroVironment and United Online. The top after-market NASDAQ losers were: Tangoe, Urban Outfitters, Gencor Industries, FX Energy, Salix Pharmaceuticals and Akorn, Inc.
The top aftermarket NYSE gainers Monday were: Resolute Energy, Armstrong World Industries, Nautilus Group, GNC Holdings, Cameco Corp and Beam Inc. The top aftermarket NYSE losers were: InvenSense, Safe Bulkers, China Mass Media Corp, Yelp Inc, MarkWest Energy Partners and Sunoco Logistics Partners LP.
Japan's Nikkei average breached 10,000 for the third straight session before trimming gains to 0.9 percent Tuesday, lifted by defensive buying as investors looked for signs of further easing from the Bank of Japan.
China's surprisingly big February trade deficit numbers Monday cut into commodity prices and other growth-sensitive securities.
The top pre-market NASDAQ gainers are: Tudou Holdings, Ku6 Media Co, Zoll Medical Corp, Orexigen Therapeutics and Meru Networks. The top pre-market losers are: Anthera Pharmaceuticals, Human Genome Sciences, Yongye International, Logitech International and Oracle Corp.
Investors await the Conference Board's employment trend index for February at 10 a.m. EDT, followed by the U.S. Treasury Department's budget-deficit figures for February.
The top after-market NASDAQ gainers Friday were: Solazyme, Hansen Medical, Imperial Sugar, Cerus Corp, Complete Genomics and Cirrus Logic. The top after-market NASDAQ losers were: Anthera Pharmaceuticals, Southern Community Financial, Human Genome Sciences, Hi-Tech Pharmacal Co, Avanir Pharmaceuticals and GRAVITY Co.
Asian stock markets ended lower Monday as disappointing Chinese trade data released over the weekend overshadowed stronger than expected US February jobs report.
The top aftermarket NYSE gainers Friday were: Tenneco, Heckmann, Motorola, GNC Holdings and Gol Linhas Aereas Inteligentes. The top aftermarket NYSE losers were: Michael Kors Holdings, First Tennessee National, Penske Automotive Group, AvalonBay Communities and Jabil Circuit.
Asian shares fell Monday as investors paused to assess the effect of strong U.S. jobs data, which scaled back expectations for more easing ahead of this week's Federal Reserve meeting, while concerns over China's slowdown also weighed on sentiment.
U.S. employers extended their hiring spree last month and Greece finalized its $234 billion bond swap. Nevertheless, investors' risk appetite jumped, sending global equities higher, cutting bond prices and boosting commodities.
Indian stock markets surged Friday as sentiment was buoyed by the positive news of Greek PSI debt swap.
The top after-market NASDAQ Losers Thursday were: Green Mountain Coffee Roasters, SunPower Corp, Zogenix, Body Central Corp, AMAG Pharmaceuticals, Cowen Group, Openwave Systems, Cytori Therapeutics, ON Semiconductor Corp and Nuance Communications.
The top after-market NASDAQ gainers Thursday were: Home Inns & Hotels Management, Starbucks Corp, Microvision, Kratos Defense & Security Solutions, TiVo, Smith & Wesson Holding, Sonic Corp, Charm Communications, Entegris and American Capital.
The top aftermarket NYSE losers Thursday were: Aeropostale, Heckmann, Alon USA Energy, Armour Residential REIT, STMicroelectronics, Active Network, Texas Industries, Polypore International, MEMC Electronic Materials and Kronos Worldwide.
The top aftermarket NYSE gainers Thursday were: Renren, Cooper Companies, Chesapeake Midstream Partners, Diana Shipping, Emergent Biosolutions, Quiksilver, Hovnanian Enterprises, Quantum Corp, Genworth Financial and Canadian Natural Resources.
Tokyo stocks jumped to a seven-month high Friday as Asian shares rose on signs Greece is a step nearer to averting a default, although momentum may be checked by caution ahead of U.S. data that is expected to confirm a labor market recovery.
Buy when there's blood in the streets is a Wall Street saying often attributed to Nathan Mayer Rothschild, a prominent financial operator from the 18th century.
The options market's oil price forecast for 2012 is quite bullish.
Futures on major U.S. indices point to a higher opening on Thursday ahead of key weekly jobless claims from the government.
The top after-market NASDAQ losers Wednesday were: Sigma Designs, Semtech Corp, Amylin Pharmaceuticals, Alkermes plc, Daktronics, Jamba, American Capital Agency, VOXX International, Star Scientific and Amyris.
The top after-market NASDAQ gainers Wednesday were: SMTC Corp, Sequenom, AMAG Pharmaceuticals, Kratos Defense & Security Solutions, Stanley Furniture Co, Hot Topic, MModal, Fuel Systems Solutions, Plexus Corp and Shuffle Master.
Crude oil prices gained in European trade Thursday as better-than-expected ADP jobs report in the U.S. and the progress in the Greek debt swap deal boosted sentiment.
The top aftermarket NYSE gainers Wednesday were: Flotek Industries, Crown Castle International Corp, Community Health Systems, El Paso Corp, Global Cash Access Holdings and Hovnanian Enterprises. The top aftermarket NYSE losers were: H&R Block, Jones Group, American International Group, Standard Pacific Corp, National Retail Properties and Texas Industries.
A Texas jury found Allen Stanford, Texan financier, multi-billionaire and cricket mogul, guilty of $7 billion fraud Tuesday.
Futures on major U.S. indices point to a higher opening on Wednesday ahead of economic data including ADP national employment report and non-farm productivity.
Stock markets in Asia declined for the third day Wednesday uncertainty over Greece's debt deal and concerns over a slowdown in global economic growth dampened sentiment.
