“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.
Executives and guests of Allentown-based Lehigh Gas Partners visit the New York Stock Exchange (NYSE) to celebrate the company’s recent initial public offering. Lehigh Gas Partners began trading on the NYSE on November 2, 2012 under the ticker symbol “LGP”.
In honor of the occasion, Lehigh Gas Partners Chief Executive Officer and Founder Joseph V. Topper, Jr., joined by members of the company’s management team, rings the NYSE Opening Bell.
While Lower Manhattan slowly came to from Sandy’s monstrous coup des ports last week, the Military Veteran Forum for Human Resources and Veterans Program Executives carried on at The New York Stock Exchange. The slow restoration of power to the Financial District and limited public transit to the tip of the island could not prevent a strong turnout of vets and execs from eagerly forging ahead with an ambitious agenda of “Integrating Veteran Talent Into Human Capital Strategy,” aimed at effectively recruiting, retaining, and engaging military veterans. (see Bell ceremony)
The initiative is a call to action, and an imperative in a still languishing job market with veteran unemployment numbers hovering at 9%. For those who were not able to attend the program in person, a video archive of the program can be...
Breakfast Bites: Equities are trading solidly in the red this morning as investors file away the election results and focus their attention on the looming fiscal cliff and bearish comments from ECB President Draghi
Mortgage applications in the U.S. decreased for a 5th straight week as home purchases and refinances declined
Ahead of the Bell: Dow futures are trading down 105 points and S&P futures are trading down 11 pointsafter President Barack Obama was re-elected for a second term. The uncertainty about the fiscal cliff will be in focus as Congress still remains divided on how to tackle taxes and regulations. Under Obama, the Federal Reserve is expected to continue with its easy monetary program to support financial markets.
On the economic calendar today, consumer credit for September will be out in the afternoon and it is forecasted $10.2B compared with $18.1B for August. The dollar is up against all major currencies. Gold is trading at $1,723. Crude oil is currently trading at $87 a barrel.
Yesterday, stocks and commodities rallied for a second day in a row, as investors awaited results of the presidential election.
On CNBC today, Roger Altman, founder and CEO of...
Stocks closed sharply higher today, as investors anxiously await the results of a close Presidential race, putting an end to the uncertainty of who will run the U.S. for the next four years. Market participants will also be closely eyeing the races in the Senate and House of Representatives which could affect the so called “fiscal cliff”.
On the economic front, retail sales growth sharply slowed during the week of November 3, as Hurricane Sandy kept shoppers home and stores closed.. Redbook reported growth at 0.8 vs. 1.8 the prior week.
The euro zone’s largest economy, Germany reported that business activity and industrial orders shrank at a faster than expected pace. Industrial order in Germany declined 3.3% in September from the month prior.
According to CNBC, nearly 80 percent of S&P 500 companies have posted earnings, with more than 61% topping expectations. The figure is roughly in line with the 62...