Slides

Hkex 2016 Profit Slides On Weak Trading Volumes, Cautious On Outlook

... on outlook. HONG KONG Hong Kong's stock exchange operator said on Monday its 2016 net profit fell 27 percent due to a decline in fees generated by stocks and metals trading on the bourse as it struggled to match stellar volumes seen during 2015's record rally. Hong Kong Exchanges and Clearing Ltd (HKEX) (0388. HK) reported a net profit of HK$5.8 billion ($747.36 million) for 2016, slightly below analysts' average estimate of HK$6 billion, according to Thomson Reuters data. "The global financial markets were volatile and overshadowed by political and economic uncertainties. At home, there were concerns that mainland China’s economy was slowing down and that interest rates would rise. All these contributed to cautious sentiment among investors and created a challenging market environment for the Group," HKEX said in a statement. Average daily trading on the bourse in 2016 fell 37 percent to HK$70 billion compared with the previous year. Group profits were also dented by the bourse's ...

Rock Slides Cleared From Road To Mt. Lemmon

... (Source: Tucson News Now). Neighbors living near East Glenn Street and North Columbus Boulevard in midtown Tucson are fed up about illegal dumping happening in an alley by their homes. Monday, February 27 2017 11:22 PM EST 2017-02-28 04:22:50 GMT. Dunja (Source: U. S. Customs and Border Protection). The Tucson Sector Border Patrol continues to search for a Dunja, a Border Patrol canine that went missing Monday, Feb. 20, after she was separated from her handler in the desert area while conducting tracking operations on the Tohono O'odham Nation near Papago Farms. Monday, February 27 2017 10:58 PM EST 2017-02-28 03:58:17 GMT. Palo Verde High School. (Source: Google Maps). An armed juvenile was taken into custody near a Tucson-area high school Monday afternoon, authorities said. Monday, February 27 2017 10:15 PM EST 2017-02-28 03:15:25 GMT. 28-year-old Alex Bridges Deaton is accused in the ...

First Solar Posts Biggest-ever Loss As Revenue Slides

... in the quarter. “When you see module price dropping as rapidly as we did going back to July you have to make adjustments,” Chief Executive Officer Mark Widmar said on a conference call Tuesday. “We have seen prices start to stabilize.” He was promoted in July from chief financial officer and immediately began reviewing First Solar’s strategy. Without the Series 5 panel, the company is relying on its aging Series 4 design, which is less competitive compared to rivals’ products. Sales plunged in the fourth quarter to $480.4 million from $942.3 million a year earlier. The shares were downgraded Wednesday to the equivalent of sell from hold from Credit Suisse Group AG. Widmar is calling 2017 a transition year, and he increased his sales forecast for this year to $2.8 billion to $2.9 billion, up from earlier guidance of $2.5 billion to $2.6 ...

Trump Slides, Cuomo Rises In New Poll Of New Yorkers

... permitting ride-hailing services in upstate. Theoretically, one of his easiest, feel-good proposals – extending a 750-mile biking and hiking path from New York City to Canada and from Albany to Buffalo – was opposed by 57 percent of people who responded to the poll. That view was held by voters across party and geographic lines. Viewing that pathway idea most negatively among the regions? Upstate. A plan to provide tuition benefits to the children of illegal immigrants was backed by 52 percent of voters, though most independents oppose it, as did three-quarters of GOP voters. The “Dream Act” plan has languished for several years in the GOP-controlled Senate. That Trump, a resident of Manhattan, is not sitting well with New Yorkers can hardly be called surprising. He got only 39 percent of the presidential popular vote in New York State last fall running against Democrat Hillary ...

Tesla Stock Slides More Than 5% As Goldman Downgrades It To Sell

... Goldman Sachs downgraded the stock to sell from neutral, citing near-term challenges including the launch of the company’s mass-market sedan, the Model 3. See also: Tesla cheered for Model 3 plan, but Wall Street braces for fresh capital raise after earnings. “While we believe Tesla TSLA, -4.19%  currently has a lead relative to OEM (original equipment manufacturer) peers with respect to vehicle technology adoption, electric vehicle architecture, and (potentially) battery scale, our concerns are more near-term oriented with respect to operational execution on the Model 3 launch, an unproven solar business, and cash needs,” analysts led by David Tamberrino wrote in a note. Also: Tesla earnings detail Model 3 plans, stock gains. Monday’s drop and a pair of post-results declines before the end of last week rolled shares back to mid-January levels, erasing part of the gains Tesla had amassed since December. Shares traded as low as $242.01, off nearly 6% and their lowest intraday since Jan. 19. A close around current levels would be Tesla’s lowest since that date. The stock was among the worst performers on the Nasdaq-100 on Monday. ...

Integra Lifesciences Slides On Q4 Sales Miss

... Alliance March mixer covers ‘FDA no no’s’. Device Alliance will be presenting a Special Speaker Engagement with Carla Wiese, principal medical research scientist at NAMSA, at a March 15 mixer. The topic of the mixer will be “FDA No No’s” and will cover the common pitfalls that companies should avoid when submitting a 510(k) submission. As a former lead reviewer for the FDA, […]. Instron releases Bluehill Universal software designed for touch. Built from the ground-up for touch interaction, Bluehill Universal features a portrait layout with a meticulously crafted visual design while giving the most comprehensive view of the test workspace on a stunning, large-format touch monitor. Large touchpoints and intuitive gestures make the user experience simpler and smarter. While maintaining all of the power and flexibility found […]. How virtual and mixed reality are changing drug delivery and device design. Kai Worrell believes that virtual and mixed reality may change the way companies design medical devices, and he’s putting that ...

Austal Hy Profit Slides

... is allowing Austal to maximise the benefits of its leading edge production facilities designed to facilitate just this approach to construction. However, the company advises that further evidence of progress over at least the next 6 months will be necessary to provide real confidence that the turnaround is complete. Meanwhile, the EPF program, which is utilising the production techniques described above, is performing exceptionally well and above expectations. The program was extended from 10 to 12 ships with the award of 2 additional vessels, extending Austal USA’s contracted production schedule into FY 2021 although we would like to see additional orders in the next 18 months to maintain the tempo now being achieved Austal has previously advised that it has made a series of financial claims related to the modifications requested by the US Navy on the LCS program. Advice ...