“I think a lot of innovation comes from smaller companies, this will be an even bigger trend in the future,” says Fibrocell CEO Pernock, whose own company is focused on treatments for skin diseases and conditions.
On Friday, December 6, executives and guests of San Juan, Puerto Rico-based Triple S Management Corporation will visit the New York Stock Exchange (NYSE) in conjunction with the company’s 2013 Investor Day event.
Ramon Ruiz-Comas, President and CEO, joined by members of the company’s senior management team, will ring The Closing Bell.
About Triple S Management Corporation (NYSE: GTS)
Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the leading player in the managed care industry in Puerto Rico. Triple-S Management also has the exclusive right to use...
Stocks rose for the first time in six days after American employers added more jobs than forecast and the jobless rate dropped to the lowest since 2008. The U.S. jobless rate fell to 7%, showing progress in the labor market that will help provide a spark for the U.S. economy. The S&P 500 had fallen for five straight days, its longest slump since September, as improving economic data fueled concern the Federal Reserve will reduce its $85 billion in monthly bond purchases meant to suppress interest rates and bolster growth.
Other reports today showed an improving labor market is boosting consumer confidence along with the spending that accounts for 70% of gross domestic product. Household purchases climbed 0.3% in October after a0.2% increase the prior month, according to Commerce Department figures.
Central bankers, who next meet Dec. 17-18, have said they will keep buying bonds in a bid to lower long...
Goldman Sachs Asset Management Rings the Opening Bell® at the New York Stock Exchange to Celebrate the Listing of its First Closed-End Fund, Goldman Sachs MLP Income Opportunities Fund
On Friday, December 6, executives and guests of Goldman Sachs Asset Management, L.P. will visit the New York Stock Exchange (NYSE) to celebrate the recent IPO of the company’s first-ever closed-end fund, Goldman Sachs MLP Income Opportunities Fund. The fund began trading on the NYSE on Tuesday, November 26, under the ticker symbol “GMZ”.
To mark the occasion, Kyri Loupis, Lead Portfolio Manager and Jim McNamara, President of GSAM Mutual...
The market digested some solid economic data reports this week, including the release of two New Home Sales reports – one of which was delayed due to the government shutdown. The most recent home sales data for October came in better than the expected 420,000 at an annualized rate of 444,000. This offset the September rate of 354,000, which came in worse than the rate of 432,000 that had been broadly expected. The National Employment Report, (employment in the nonfarm private business sector) rose by 215,000 in November, well above the anticipated increase of 160,000. They also revised the initial October reading from 130,000 sharply higher to 184,000.
Separately, the October trade deficit narrowed to $40.6 billion from $43.0 billion, and in line with estimates looking for $40.5 billion. The improvement in the trade deficit is largely due to an increase in exports, a positive sign for the US economic recovery. We also saw the second estimate of third quarter GDP, which...
From The Trading Floor: 5 days of losses are poised to be broken as Wall Street embraces a better than expected payroll number and a lower unemployment rate
Non-Farm Payrolls increased by 203,000 in November after an advance of 200,000 the month before, the strongest back to back gain since February / March. Change in private payrolls rose by 196,000 while the change in manufacturing payrolls rose by 27,000
The jobless rate decreased to a 5 year low of 7.0%
Consumer spending in the U.S. rose more than forecast (0.3%) in October a sign the biggest part of the economy is gaining momentum.
Personal Income dropped by -0.1%. This was the first decrease since January.
University of Michigan consumer confidence rose to 82.5 in November.
Consumer Credit for the month of October comes out at 3:00 pm
Germany's Bundesbank has increased its growth outlook and now expects...