RingCentral (RNG - Free Report) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.18 per share.These figures are adjusted for non-recurring items. READ MORE...

Shares of Incyte Corporationdeclined 1.9% after the FDA extended the review period of the supplemental New Drug Application (sNDA) for Jakafi to treat patients with acute graft-versus-host disease (GVHD) who have had an inadequate response to corticosteroids. Read  more...

Anchiano Therapeutics Ltd. is expected to issue 2.4 million shares at $14.55 each Tuesday on the Nasdaq.The company is developing a single biologic candidate to treat bladder and other cancers. Anchiano has had promising trial results, strong existing investor support of the IPO, and a low IPO valuation, but the early stage of its development may mean the IPO is more appropriate for high risk, long-term life science investors.

Global investment firm KKR & Co and General Atlantic LLC are reportedly exploring a potential investment in Flipkart’s digital payments arm, PhonePe Pvt.With investors like Tiger Global and Tencent already showing interest in PhonePe, the payments business has emerged as an integral part of Flipkart’s overall strategy. The booming market of digital payments, as well as the rise of start-ups in India, are key factors behind such lofty valuations.

According to the Department of Justice, the US is suing Lockheed Martin Services, Mission Support Alliance, and an LMT executive for allegations of a multibillion-dollar agreement to clean up the Hanford, Wash nuclear site, the biggest environmental cleanup in US history. The allegation entails that LMT paid more than $1 million to executives of Mission Support Alliance, a joint venture that it partially owned, to help win a $232 million subcontract for providing management and technology support at the nuclear site during 2010-16.A spokeswoman for Mission Support Alliance said the company disagrees with the allegations, and they emphasized the firm’s commitment to “integrity and compliance at all levels of the company.”

Last week Japanese technology investor, SoftBank Group Corp. announced its biggest ever share repurchase program with plans to spend as much as $5.5 billion in its own stock in 2019.Out of an upper limit of 112 million shares or 10.3% of the total, this repurchase is enough to buy 71 million shares or 6.5% of the total. But is this repurchase program a good idea? Generally, it is considered that buybacks are an indication of a strong financial position of the company, although it shrinks the public float of the company.

Ahead of its earnings after the closing bell, cannabis-producer Aurora says it has shipped a batch of cannabis oil to the U.K. The company also says that it was one of the first Canadian licensed pot producers to export product to the U.K., which allows specialist doctors to issue prescriptions for cannabis-based medicine. Closer to home, Aurora and competitor Canopy have established a complex scheme that gives them the ability to acquire a majority stake in several U.S. companies that they once owned, should the federal government legalize marijuana.

With the U.S. Federal Reserve pledging to be "patient" in future rate hikes, emerging markets should do better this year, and may in fact even have "a decent rally," one strategist told CNBC on Monday.READ MORE...  

Italian banking shares moved higher on Monday following reports that their capital positions are above the levels required by the European Central Bank – in what analysts have described as "not so bad news."READ MORE...

At around 1.01 trillion yuan ($149 billion), consumers spent +8.5% more than they did during the previous year’s holiday season on retail and catering – but the growth rate was the slowest in atleast 8 years (based on Ministry of Commerce data). China’ slowdown in economic growth, trade tensions with the U.S. and the nation’s plans to reduce debt apparently pulled back momentum of people’s spending appetite. Auto purchases in the nation declined for the first time in almost three decades.Even tourist venues in the nation experienced a deceleration to +8.2 % growth in consumer spending (according to the state broadcaster CCTV  citing data from the Ministry of Commerce), which is slower than the +12.6% rise last year. 

U.S.stock index futures rose on Monday amid increasing hope China and the U.S. will strike a trade deal to end the ongoing tariff war. Read More...

Strong Chinese demand for luxury products helped French cosmetics maker L'Oreal post its strongest sales growth in a decade during 2018. Read More...

China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties. READ MORE...

Japan’s shut, most other Asian equity markets aren’t doing much, and you can read about the big exception -- China -- here. So we’re going to use this opportunity to talk about India, where an unpredictable election looms.Even before the ballot takes place, a host of worries is raising questions about whether the country’s benchmark stock index can repeat last year’s outperformance. READ MORE...

Yet more taxpayers will end up with no refund, or a smaller one, compared with a year ago, before the lower rates fully took effect.How could that be? READ MORE...

The burrito and bowl maker’s latest fourth quarter report revealed a stunning 6.1% comps growth, 2.2% of which came from increased transactions.This was the best comps result in nearly two years. Restaurant level operating margin surged from 14.9% to 17% in Q4, even though it was lower than 18.7% in the third quarter, 19.7% in the second quarter, or 19.5% in the first quarter of the 2018. The company attributes the sequential reduction in restaurant-level margins to a big increase in what Chipotle classifies as "other operating costs."

The century-old multinational automaker, Ford Motor Company, in its recent media release revealed that the company plans to invest $1 billion to expand production of the redesigned Ford Explorer and Lincoln Aviator sport utility vehicles. The investment would be made in the assembly and stamping plants in Chicago and is expected to add at least 500 more jobs in the plant, but it comes as the automaker cut jobs overseas, particularly in the European region. The plan to expand certain productions is in response to a decline of sedans and sports cars in favor of SUVs, crossover-utility vehicles and trucks.It is also likely to spend $40 million to upgrade the facilities for employees, including new LED lighting and cafeteria updates, new break areas as well as parking lot security upgrades. Ford is not the only automaker to restructure its production in the face of changing demands.

The automaker expects total industry sales for North America to decline in 2019 to 17.2 million, down from 17.7 million in 2018. Chrysler attributes this downsized sale partly to its decision to not sell two generations of the Jeep Wrangler side-by-side, as it did in 2018.The company is also looking at retooling factories to gear up for the launch of the plug-in hybrid version of the iconic off-road machine in early 2020. Other challenges include higher-than-expected capital expenditures that could see the company shelling out nearly 500 million euros related to U.S diesel emissions cases.

The fund says it will focus more on listed real estate companies a way of cutting costs and simplifying its approach after struggling to find properties to buy amid near record prices.It lowered its target for real estate in its portfolio to 3 to 5 percent from 7 percent. The management should be “cost-effective” and “fairly simple” which means having “an overall property strategy with somewhat greater emphasis on listed holdings,” Egil Matsen, the deputy governor at Norway’s central bank who’s in charge of oversight of the fund.

In a busy week for the pharma sector, drug giants Merck and Eli Lilly reported fourth-quarter results along with GlaxoSmithKline and Sanofi. Read more...