Stockwinners Market Radar for October 23, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:22 EDT Ceiva Logic sues Amazon for patent infringement - CEIVA Logic announced it has filed a lawsuit for patent infringement against Amazon in the U.S. District Court for the Central District of California. CEIVA's complaint alleges that Amazon infringes CEIVA's U.S. Patent 6,442,573 entitled "Method and Apparatus for Distributing Picture Mail to a Frame Device Community" and U.S. Patent 9,654,562 entitled "Method and apparatus for distributing content via a communications network." The patents relate to network-connected smart displays and to systems and methods for distributing digital images and other content and software to those displays. According to the complaint, Amazon makes, uses and sells its own branded products and services that violate CEIVA's patents. The complaint charges that Amazon's Echo Show, Fire, and Kindle products infringe CEIVA's '573 patent, and that Amazon's server systems together with Amazon's Echo Show and Fire products also infringe CEIVA's '562 patent.

18:57 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Tesla (TSLA) up 20.3%... MKS Instruments (MKSI) up 13.9%... Align Technology (ALGN) up 8.9%... F5 Networks (FFIV) up 8.8%... MagnaChip (MX) up 8.6%... PayPal (PYPL) up 7.8%... Lam Research (LRCX) up 6.6%... Varian Medical (VAR) up 6.5%... ServiceNow (NOW) up 6.4%... Spirit Airlines (SAVE) up 5.7%... SEI Investments (SEIC) up 5.6%... Edwards Lifesciences (EW) up 4.8%... PTC (PTC) up 4.7%... O'Reilly Auto (ORLY) up 4.4%... Biomarin (BMRN) up 4.3%... CostaMare (CMRE) up 2.5%... Sallie Mae (SLM) up 2.2%... Core Labs (CLB) up 2.2%... Agnico Eagle (AEM) up 1.7%... Microsoft (MSFT) up 0.5%. DOWN AFTER EARNINGS: Netgear (NTGR) down 11.0%... TechnipFMC (FTI) down 8.3%... eBay (EBAY) down 6.3%... Kraton (KRA) down 3.0%... Ford (F) down 2.4%... Martin Midstream (MMLP) down 2.2%... Xilinx (XLNX) down 1.8%... DHT Holdings (DHT) down 1.2%... Equifax (EFX) down 1.0%.

18:44 EDT ServiceNow CEO: I have a twenty year relationship with Nike - In an interview on CNBC's Mad Money, ServiceNow CEO John Donahoe said: Digital transformation is a priority for every company... If you can't digitize, you can't succeed... My role at Nike is to build on their tremendous momentum... I'm honored to contribute.

18:38 EDT Tesla CEO says made great strides in controlling costs during Q3 - Operating cost is lowest since Model 3 production started. Says Gigafactory Shanghai to become template Says plan to announce Gigafactory in Europe before the end of this year. Says expects Model Y to be very well received. Believes it will outsell models S, X and 3 combined. Comments taken from Q3 earnings conference call.

18:03 EDT Microsoft sees Q2 Productivity and Business Processes revenue $11.3B-$11.5B - Sees Q2: Intelligent Cloud revenue $11.25B-$11.45B; More Personal Computing revenue $12.6B-$13B; FX lowering Q2 sales by 1%; OpEx $10.8B-$10.9B; Lower CapEx vs. Q1; Windows growth ahead of PC market; Strong growth in Azure. Expects FY operating margins up slightly despite spending. Expects another strong quarter in Q2. Comments taken from Q1 earnings conference call.

17:58 EDT Microsoft says 'off to strong start' to FY20 - Says: Investing aggressively in large markets with significant potential... Saw broad-based strength across all markets in Q1. Comments taken from Q1 earnings conference call.

17:41 EDT Ford says Explorer SUV launch 'fell short in a few ways' - Says Explorer SUV launch "fell short in a few ways." Says "took on too much" with complicated Explorer rollout.

17:37 EDT Ford says Ford Credit delivering another 'strong' quarter - Says continues to be focused on autonomous vehicles being available in 2021. Says disciplined execution driving "strong results" for Ford Credit. Says Ford Credit delivered another "strong quarter." Says updated outlook reflects several headwinds, including higher warranties and China.

17:24 EDT Cortland Bancorp increases quarterly dividend 9% - The board of Cortland Bancorp increased the quarterly dividend by 1c to 12c per share, a 9% improvement.

17:13 EDT Consolidated-Tomoka announces formation of new single-tenant net lease REIT - Consolidated-Tomoka announced the formation of Alpine, or "PINE". as an independent single-tenant net lease real estate investment trust, sponsored by CTO. PINE plans to conduct an initial public offering in which PINE intends to raise the necessary capital to acquire from CTO 15 of the IPO Portfolio assets for approximately $125.9M in cash. In addition, as part of PINE's formation, CTO will contribute to Alpine five of the IPO Portfolio assets in exchange for approximately 1.2M units in PINE's operating partnership. These OP Units are expected to have a value of approximately $24.5M based on a preliminary estimate of the mid-point of the public offering price range of the PINE IPO. CTO intends to invest $7.5M in the common stock of PINE through a private placement concurrent with the IPO. Following completion of the PINE IPO and Alpine's related formation transactions, CTO's ownership of PINE is expected to total approximately 17.5%, based on the Company's aggregate ownership of OP Units and the PINE shares purchased in the private placement. It is intended that Alpine will apply to list its common stock on the NYSE under the ticker symbol "PINE" following the completion of its IPO. CTO also announced that it intends to focus its investment strategy on higher return multi-tenant office and retail properties in strong MSAs and select growth markets throughout the U.S., and intends to rebrand itself as CTO Realty Growth, Inc. The Company anticipates redeploying the approximately $125.9M in proceeds from the planned cash sale of the 15 assets to PINE, and the approximately $97M in proceeds from the recently-announced land joint venture, to acquire properties consistent with our strategy utilizing the 1031 like-kind exchange transaction structure. The Company will maintain its status as a C-corporation while retaining the optionality to convert to a REIT in the future.

17:08 EDT Tesla says it plans to produce limited volumes of Tesla Semi in 2020

17:05 EDT Arco Platform gets regulatory approval for Sistema Positivo de Ensino deal - Arco Platform announced that it has received final antitrust approval from Brazil's Administrative Council for Economic Defense - CADE, with no conditions, for its previously announced acquisition of Sistema Positivo de Ensino. The acquisition is expected to close in the near term.

17:03 EDT Range Resources sees Q4 production about 2.33-2.35 Bcfe per day - Production for fourth quarter 2019 is expected to be ~2.33 to 2.35 Bcfe per day, which includes an approximately 25 Mmcfe per day impact from recent asset sales and ethane recovery. Full year 2019 production is expected to average ~2.28 Bcfe per day, which is in line with prior guidance, after incorporating asset sales and reduced ethane recovery in September and October.

17:01 EDT Cortland Bancorp raises quarterly dividend 9% to 12c per share - The dividend will be payable on December 2 to shareholders of record as of the close of business on November 12.

16:58 EDT Tesla says Model Y ahead of schedule, production expected by summer 2020

16:55 EDT Equifax reports Q3 adjusted EBITDA margin 33.9% vs. 33.0% last year

16:49 EDT HP Enterprise increases quarterly dividend to 12c per share

16:47 EDT AZZ Inc. receives non-compliance notice from NYSE - AZZ Inc. received a notice from the NYSE indicating that AZZ Inc. is not in compliance with the NYSE's continued listing requirements under the timely filing criteria as a result of AZZ's delay in filing its Quarterly Report on Form 10-Q for its quarter ended August 31with the SEC. The company's delay in filing the Form 10-Q is due to its need for additional time to finalize its income tax accounting. The company is working towards completion of the review.

16:41 EDT Canadian Pacific sees low-single digit volume growth for the year - "After a record second-quarter that included strong operating metrics including train speed and terminal dwell, we continue to see those performance measures be improved upon," said Keith Creel, CP President and CEO. "Our disciplined approach to precision scheduled railroading and the commitment of our 13,000-strong CP family puts us in a position to control what we can as we navigate softer volumes, macroeconomic challenges and geopolitical tensions into the fourth quarter." "Our operating model allows us to quickly adapt in a changing environment," said Creel. "By controlling our costs real-time, we continue to drive margin improvements. While we now expect low-single digit volume growth for the year, we remain confident in our guidance to deliver full-year double-digit adjusted diluted EPS growth."

16:39 EDT O'Reilly Automotive sees FY19 comparable store sales increase of 3%-5%

16:38 EDT Las Vegas Sands CEO says 'delivered solid financial results in the quarter' - "We delivered solid financial results in the quarter, with Adjusted Property EBITDA reaching $1.28 billion," said Sheldon Adelson, chairman and CEO. "We remain enthusiastic about our future growth opportunities in Asia. Next year, we will introduce approximately two million square feet of luxurious suite accommodations on the Cotai Strip with the opening of the Grand Suites at Four Seasons Macao and The Londoner Tower Suites. Additional tourism and entertainment amenities of The Londoner Macao will debut throughout 2020 and 2021. Looking further ahead, the expansion of Marina Bay Sands in Singapore will expand our suite capacity by 40% and introduce a state-of-the-art entertainment arena, both of which should contribute to growth in the future. We are also aggressively pursuing additional development opportunities in new markets, including in Japan. Finally, we remain deeply committed to maintaining our industry-leading financial strength while continuing to increase the return of capital to shareholders. I am pleased to announce the Las Vegas Sands Board of Directors has approved an increase in our annual dividend for the 2020 calendar year, our eighth consecutive annual increase, to $3.16 per share, or $0.79 per share per quarter."

16:36 EDT US Ecology, NRC Group stockholders approve merger - US Ecology (ECOL) and NRC Group (NRCG) announced that, at their special meetings of stockholders, respectively, stockholders of both companies have voted to approve all stockholder proposals necessary to complete their previously announced merger transaction. The companies expect the merger transaction to close on November 1.

16:34 EDT Bluebird Bio chief strategy officer Jeffrey Walsh to step down - bluebird bio announced that Jeffrey T. Walsh, chief strategy officer, has decided to transition from his current role effective January 6, 2020. Both Chip Baird, CFO, and Joanne Smith-Farrell, chief business officer, will assume broader corporate development and strategic responsibilities as bluebird continues to deliver on its mission for patients.

16:32 EDT eBay expects three points of additional operating margin by 2022 - "The company completed an extensive operating review resulting in a multi-year plan for operating efficiency. These efficiencies, combined with 2019 margin expansion and reinvestment, are expected to drive 3 points of additional operating margin by 2022 and create capacity to reinvest in critical customer initiatives. eBay continues to review the role and value of StubHub and Classifieds in its portfolio to determine the best path forward and anticipates sharing an update on the StubHub business before the next earnings release."

16:29 EDT CVR Energy increases quarterly cash dividend 7% to 80c per share - CVR Energy announced a Q3 cash dividend of 80c per share, which represents a 7% increase from the prior quarter. The dividend, as declared by CVR Energy's board, will be paid on November 12 to stockholders of record as of the close of market on November 4.

16:27 EDT Oneok raises quarterly dividend to 91.5c per share - The dividend is payable Nov. 14 to shareholders of record at the close of business Nov. 4.

16:24 EDT BayCom announces adoption of stock repurchase program - BayCom Corp announced that its board of directors approved a stock repurchase program. Under the stock repurchase program, the company may repurchase up to 646,922 shares of its common stock, or approximately 5% of its outstanding shares. Repurchases are expected to commence following announcement of the company's operating results for the fiscal quarter ended September 30, 2019.

16:23 EDT Xilinx sees Q3 adjusted gross margin 67%-69%

16:22 EDT QEP Resources sees average of three rigs for first half of 2019 - Permian Basin: average of three rigs for first half of 2019 and two rigs for the second half of 2019 Williston Basin: one rig in the first quarter 2019 to drill seven gross operated wells

16:19 EDT eBay says grew active buyers by 4% across platforms in Q3 - "We performed in line with expectations in Q3 while improving the Marketplace experience, creating better customer outcomes, and maintaining momentum in advertising and payments," said Scott Schenkel, interim CEO of eBay. "We also made progress on our portfolio review and completed a thorough operating review that has resulted in a three-year plan to drive margin improvement while enabling reinvestment in critical customer initiatives. In the third quarter, eBay grew active buyers by 4% across its platforms, for a total of 183 million global active buyers. Underlying total eBay performance, the Marketplace platforms delivered $2.1 billion of revenue and $20.5 billion of GMV. Marketplace revenue was down 1% on an as-reported basis and was up 1% on a FX-Neutral basis, and GMV was down 5% on an as-reported basis and down 2% on a FX-Neutral basis. StubHub platforms drove revenue of $306 million, up 5% on both an as-reported and FX-Neutral basis, and GMV of $1.2 billion, flat on both an as-reported and FX-Neutral basis. Classifieds platforms delivered revenue of $265 million, up 4% on an as-reported basis and up 8% on a FX-Neutral basis."

16:17 EDT Dover Motorsports raises annual dividend 25% to 10c per share - Dover Motorsports said its board of directors declared an annual cash dividend on both classes of common stock of 10c per share, a 25% increase. The dividend will be payable on December 10, 2019 to shareholders of record at the close of business on November 11, 2019.

16:10 EDT Perrigo issues voluntary worldwide recall of ranitidine - As a precautionary measure, Perrigo announced that it has initiated a voluntary, worldwide product recall to the retail customer level of ranitidine (all pack sizes). The recall is being taken due to possible presence of a nitrosamine impurity called N-nitrosodimethylamine. NDMA is classified as a probable human carcinogen (a substance that could cause cancer) based on results from laboratory tests. NDMA is a known environmental contaminant and found in water and foods, including meats, dairy products, and vegetables. Ranitidine is an over-the-counter and prescription product indicated for the relief of heartburn associated with acid indigestion and sour stomach and prevents heartburn associated with acid indigestion and sour stomach brought on by eating or drinking certain foods and beverages. After regulatory bodies announced that ranitidine may potentially contain NDMA, Perrigo promptly began testing of its externally sourced ranitidine API (active pharmaceutical ingredient) and ranitidine-based products. On October 8, 2019, Perrigo halted shipments of the product based upon preliminary results. Based on the totality of data gathered to date, Perrigo has made the decision to conduct this voluntary recall.

16:10 EDT Align Technology sees Invisalign case shipments up 20%-22% year-over-year - Align Technology sees Q4 Invisalign case shipments in the range of 400K-407K, up approximately 20%-22% over the same period a year ago.

16:09 EDT Microsoft reports Q1 Productivity and Business Processes revenue up 13% - Revenue in Productivity and Business Processes was $11.1B and increased 13%, up 15% in constant currency. Office Commercial products and cloud services revenue increased 13%, up 15% in constant currency, driven by Office 365 Commercial revenue growth of 25%, up 28% in constant currency. Office Consumer products and cloud services revenue increased 5%, up 6% in constant currency, with continued growth in Office 365 Consumer subscribers to 35.6M. LinkedIn revenue increased 25%, up 26% in constant currency.

16:08 EDT Microsoft reports Q1 Intelligent Cloud revenue up 27% to $10.8B - Revenue in Intelligent Cloud was $10.8B and increased 27%, up 29% in constant currency. Server products and cloud services revenue increased 30%, up 33% in constant currency, driven by Azure revenue growth of 59%, up 63% in constant currency. Enterprise Services revenue increased 7%, up 8% in constant currency.

16:07 EDT Las Vegas Sands raises annual dividend to $3.16 per share for 2020

16:06 EDT Middlesex Water increases quarterly dividend 6.7% - Middlesex Water Company announced that its board has declared a cash dividend of 25.625c per share on its common stock, a 6.7% increase from the 24c per share dividend declared in July of 2019. This increase raises the annual dividend rate to $1.025 from 96c per share of common stock. The declared dividend is payable on December 2 to shareholders of record as of November 15.

16:04 EDT Echo Global reports Q3 non-GAAP EPS 39c, consensus 37c - Reports Q3 revenue $561.4M, consensus $548.11M.

16:03 EDT Amgen recommends against unsolicited mini-tender offer from TRC Capital - Amgen has been notified of an unsolicited "mini-tender" offer dated Oct. 11, made by TRC Capital, a private Canadian investment company, to purchase up to 500,000 shares of Amgen's common stock beginning on Oct. 14. TRC Capital's unsolicited "mini-tender" offer price of $192.00 per share is approximately 4.38% below the $200.80 per share closing price of Amgen's common stock on Oct. 11, the last trading day prior to the commencement of the offer. Amgen is not affiliated in any way with TRC Capital, the offer, or the offer documentation. Amgen recommends against shareholders tendering shares in response to this unsolicited offer. TRC Capital has made many similar "mini-tender" offers for the shares of other companies.

16:02 EDT Acorda Therapeutics implements corporate restructuring, cutting headcount by 25% - Acorda Therapeutics announced a corporate restructuring to reduce costs and focus its resources on the launch of INBRIJA. As part of this restructuring, Acorda is reducing headcount by approximately 25% through a reduction in force. The company has also reduced estimated 2019 operating expenses, and is providing 2020 operating expense guidance. The majority of the reduction in personnel will take place immediately, and will be completed in Q1 of 2020. The company expects to realize estimated annualized cost savings related to headcount reduction of approximately $21 million beginning in 2020. Acorda estimates that it will incur approximately $8 million of pre-tax charges for severance and other costs related to the restructuring, through the first quarter of 2020. R&D expenses for FY19 are expected to be $55 - $60 million, reduced from $70 - $80 million. SG&A expenses for the full year 2019 are expected to be $185 - $190 million, reduced from $200 - $210 million. R&D expenses for FY20 are expected to be $20 - $25 million and SG&A expenses for the full year 2020 are expected to be $160 - $165 million.

15:38 EDT Target to add nearly $50M in payroll for holiday season - Target announced that it is adding nearly $50M in payroll compared to last holiday to ensure more team members are available to assist guests during peak hours, and doubling the number of team members dedicated to fulfillment, including same-day services, so guests can get their orders in as soon as an hour. Target also shared that 25M guests and counting have enrolled in Target Circle, now the country's fastest-growing loyalty program. As Target Circle members, guests will have new and exclusive ways to save throughout the season. And with the most comprehensive suite of same-day delivery and pickup options, Target will make it faster and more convenient for millions of guests to get their gifts, holiday essentials and more, the company said. As consumer preferences and shopping habits have evolved, Target has invested in training, payroll and specialty roles for store team members at its more than 1,800 locations nationwide. The effort has been designed to modernize and elevate Target's approach to guest service by creating specialized roles for its more than 300,000 team members, who now dedicate their time and expertise to a specific department, like beauty or electronics, or service, like fulfillment. This season, the retailer is adding nearly $50M in payroll compared to last holiday to make more skilled team members available to assist guests during peak holiday hours, like nights and weekends, and doubling the number of team members dedicated to fulfillment, including same-day services, so guests can get their orders in as soon as an hour. Additionally, the retailer has invested more than half a million more hours in training compared to last year to ensure its team is prepared to deliver exceptional guest service during the holiday season.

15:06 EDT Qilak LNG executes heads of agreement with ExxonMobil for natural gas - Qilak LNG, a Lloyds Energy company, announced that a Heads of Agreement has been entered into with ExxonMobil Alaska Production regarding the potential supply of natural gas from the Point Thomson field to Qilak LNG's proposed Alaska North Slope liquefied natural gas export project. The HOA foresees ExxonMobil providing at least 560 million standard cubic feet per day of natural gas to Phase 1 of the Qilak LNG 1 Project, based on the design concept of offshore liquefaction and loading, and icebreaking LNG carriers, to export 4 million tons per year of LNG over a 20-year term. Qilak LNG targets delivery of gas to Asian markets, including Japan, with competitive shipping costs compared to many other sources of LNG in the US and other global LNG projects. Qilak LNG is also in discussions in several Asian countries to engage potential stakeholders in various parts of the Qilak LNG 1 project.

14:38 EDT FDA approves niraparib for HRD-positive advanced ovarian cancer - On October 23, the Food and Drug Administration approved niraparib, or ZEJULA, marketed by GlaxoSmithKline's (GSK) Tesaro, for patients with advanced ovarian, fallopian tube, or primary peritoneal cancer treated with three or more prior chemotherapy regimens and whose cancer is associated with homologous recombination deficiency-positive status. The FDA also approved the Myriad (MYGN) myChoice CDx test for determination of tumor HRD status to select patients for niraparib. FDA granted this application priority review. Reference Link

12:45 EDT Hexo Corp trading resumes

11:39 EDT Hexo Corp trading halted, news pending

11:27 EDT Abiomed jumps after Abbott heart pump trial pushed back one year - An update today on clinicaltrials.gov pushed back the estimated completion date of Abbott's (ABT) Shield II trial for its heart pump device to December 2021 from December 2020. The company's HeartMate PHP System is a temporary ventricular assist device indicated for use during high-risk percutaneous coronary interventions performed electively or urgently in hemodynamically stable patients with severe coronary artery disease. Shares of Abiomed (ABMD) are up 4%, or $7.27, to $178.10 in late morning trading. Reference Link

11:05 EDT Facebook shares up 1.6% as CEO testifies on Capitol Hill - Facebook CEO Mark Zuckerberg is currently testifying to the House Financial Services Committee in a hearing entitled, "An Examination of Facebook & Its Impact on the Financial Services & Housing Sectors." As the testimony continues, shares of Facebook are up $2.88, or 1.6%, to $185.22.

11:02 EDT Boeing CFO says it will take 'several quarters' to deliver parked 737 MAX jets - CFO Greg Smith says it will take "several quarters" to deliver parked 737 MAX jets once grounding is lifted.

10:54 EDT Boeing CEO says 'hopeful' airplanes will be part of trade solution

10:51 EDT Freeport McMoRan says current copper prices not sustainable - Management said the company may manage debt levels before addressing the company's dividend.

10:43 EDT Boeing CEO says may consider further 737 rate reductions, line shutdown - Says should the estimate of the anticipated return to service change, Boeing might need to consider possible further rate reductions or other options including a temporary shutdown of the MAX production line.

10:37 EDT Boeing CEO says 'fully supportive' of chairman, CEO role separation

10:35 EDT Boeing says sees approval for 737 MAX return to service to begin this quarter

10:34 EDT Boeing CEO says 'regrets' difficulties that release of IM document has presented - Says "understands entirely" the scrutiny the instant message document is receiving. Says "committed" to working with authorities and Congress as they continue their investigations.

10:29 EDT Freeport McMoRan: trade war not affecting 'strong' copper demand - Comments provided during Q3 earnings conference call.

10:17 EDT Six Flags' Reid-Anderson says on track to select new CEO ahead of target - Six Flags (SIX) CEO James Reid-Anderson said earlier on the company's Q3 earnings call: "Regarding the CEO transition process, our Board search committee has been proceeding at the anticipated pace, and there continues to be great interest in the role with an outstanding group of candidates. We are on track to make the CEO selection ahead of the February 2020 target date, and our Board hopes to announce a final decision in the near future."

10:15 EDT Six Flags CEO says 'not in the midst' of any M&A discussions or negotiations - Six Flags (SIX) CEO James Reid-Anderson said earlier on the company's Q3 earnings call: "We have the ability to independently grow above the industry average for years to come. Yet, we also believe there are attractive opportunities for industry consolidation, whether by acquiring standalone parks as we have in the last 2 years or by pursuing scale transactions. We believe it is always important for any management team and Board to remain open to possibilities that could benefit their shareholders. Our logic is that our differentiated capabilities can enhance the performance of any newly combined entity. Our policy is not to comment on specific M&A, especially rumors, but we've long stated that we are always assessing opportunities for which there is a compelling rationale. Over the last few years, discussions have occurred with most regional players in the industry. And those discussions have taken place over many months, and in many cases, years. We are very disciplined and thorough in our assessments and have strict guidelines concerning return on investment...We would never proceed without studying the situation and proposing something that works for both parties. At the end of the day, the only barrier that we have consistently self-imposed has been our discipline to not overpay for an asset. We will never do that. So we are always looking at opportunities, but just in case there's any lack of clarity, we are not in the midst of any discussions or negotiations for an acquisition or merger of significant size. Clearly over time, that could change. But at this time, we have one singular focus, driving continued success at Six Flags, beginning with achieving our tenth consecutive record breaking year in 2019, and continuing with the initiatives that will help us deliver strong financial performance for many years to come." Earlier this month, Reuters reported that Six Flags had approached peer Cedar Fair (FUN) with a cash-and-stock acquisition offer. In morning trading as Six Flags' call continues, Cedar Fair shares are down $1.52, or 2.6%, to $55.98.

10:05 EDT Hilton sees FY20 RevPAR growth flat to 1% - Sees FY20 net unit growth in 6%-7% range.

10:00 EDT RPC, Inc. falls -11.4% - RPC, Inc. is down -11.4%, or -58c to $4.51.

10:00 EDT Resideo falls -40.6% - Resideo is down -40.6%, or -$6.18 to $9.04.

10:00 EDT Lithia Motors rises 11.0% - Lithia Motors is up 11.0%, or $14.39 to $144.71.

09:57 EDT Cliffs CEO: Q3 'was tough quarter, we showed we do well in tough quarters'

09:51 EDT General Dynamics says expects to lower G650 output as G600, G500 ramp up - Says: Has "robust backlog" for G700... Priority for capital deployment for first half of FY20 is paying down debt.

09:47 EDT K12 falls -19.5% - K12 is down -19.5%, or -$4.86 to $20.00.

09:47 EDT Rollins rises 8.1% - Rollins is up 8.1%, or $2.93 to $38.91.

09:47 EDT Stewart rises 10.0% - Stewart is up 10.0%, or $3.88 to $42.55.

09:29 EDT Castor Maritime announces delivery of M/V Magic Moon - Castor Maritime announced today that, in connection with a previously announced Memorandum of Agreement dated October 14, 2019, it has taken delivery, through one of its wholly-owned subsidiaries, of the M/V Magic Moon. The Magic Moon Acquisition was financed using a combination of cash on hand and the proceeds from a $7.5 million interest free unsecured bridge loan, which was provided to the Company by an entity controlled by Petros Panagiotidis, Castor's Chairman, CEO and CFO. The $7.5 Million Bridge Financing, maturing on December 31, 2019, allowed the Company to purchase the vessel immediately while assessing financing options for its fleet. The Company has received an Offer Letter from a first class Bank for a 5-year term loan, which is expected to be entered into by the end of the year, subject to normal closing conditions. The Board of Directors of the Company and a Special Committee consisting of disinterested and independent members of the Board approved the $7.5 Million Bridge Financing.

09:27 EDT Neonode appoints Urban Forssell as CEO effective January 1, 2020 - Neonode has appointed Urban Forssell as new CEO, effective January 1, 2020. Effective immediately Hundefinedkan Persson resigns from his position as CEO and CFO Maria Ek will act as interim CEO until Forssell joins the company. Forssell has served since 2013 as a VP and between 2011 and 2013 as a General Manager at Ohlins Racing AB. His positions at Ohlins Racing have included responsibility for sales and marketing of MC and Automotive suspension systems, research and development, and quality assurance.

09:25 EDT Bonanza Creek expects Q3 average sales volumes 24.3 MBoe/d - Bonanza Creek Energy provided an operations update, including preliminary third quarter 2019 results, and announced plans to host a conference call to discuss third quarter 2019 results.Highlights for the third quarter 2019 include: Average sales volumes are estimated to be 24.3 thousand barrels of oil equivalent per day for the quarter, in line with Company expectations and trending to the high end of the annual guidance range of 22.0 - 24.0 MBoe/d. Capital expenditures for the third quarter are estimated to total $46.8 million, bringing year-to-date capital expenditures to $173.2 million, trending below the mid-point of the annual guidance range of $230 - $255 million. Cash general and administrative expenses, which excludes stock compensation, are expected to be $3.53/Boe for the third quarter, down slightly from the second quarter and resulting in year-to-date Cash G&A of $3.92/Boe, trending below the mid-point of the annual guidance range of $3.70 - $4.20/Boe. Lease operating expenses are expected to be $3.00/Boe for the quarter, up slightly from the second quarter and resulting in year-to-date LOE of $2.93/Boe, trending just below the mid-point of the annual guidance range of $2.75 - $3.25/Boe. RMI operating expenses are expected to be $1.46/Boe for the quarter, up from the second quarter primarily as a result of planned expenses related to the Company's new gathering pipeline to Riverside terminal, which began delivering oil and improved price realizations during the quarter. The Company exited the third quarter 2019 with approximately $278 million in liquidity and net debt of approximately $72 million. CEO Eric Greager commented, "The Company continues to carry forward the momentum created over the past several quarters. As expected, our Q3 sales volumes were flat with Q2, and we brought 23 gross wells to sales during Q3, which will help drive modest production growth in Q4. With cash costs and capex trending below the mid-point and production trending to the high end of guidance, we're focused on executing the balance of our 2019 plan while we sketch out 2020. We will look to deliver a 2020 plan that acknowledges the soft commodity price environment while balancing growth with cash flow." On October 17, the Colorado Oil & Gas Conservation Commission announced plans to change its Director's Objective Criteria for heightened scrutiny of permit applications by increasing the threshold distance between proposed locations and occupied structures from 1,500 feet to 2,000 feet. Bonanza Creek does not expect the increased distance to have any impact on its pending permit applications, development plan, or well inventory. All mineral resources remain accessible with existing development practices and infrastructure. "We believe in good stewardship of the environment, and in being trustworthy citizens in the communities in which we live and operate. We are increasingly confident that the COGCC is committed to objective, fact-based oversight, and we look forward to accomplishing our shared goals of safe, responsible energy development," added Greager.

09:22 EDT General Dynamics says delivered 'attractive' Q3 results - Says: Had "significant" sequential margin improvement in Q3... On track to meet internal plans and external expectations... Expects "very strong" order activity in Q4... Expects first flight of G700 jet in December... International programs progressing nicely... Sees FY19 tax rate in mid 17% range. Comments taken from Q3 earnings conference call.

09:20 EDT Itamar Medical appoints Jennifer Cook as global medical director - Itamar Medical announced the appointment of Jennifer Cook, MD, FAHA, FACC to the newly created position of Global Medical Director, effective immediately. In this role, Dr. Cook will lead the Company's continuing efforts in research, clinical and scientific priorities and oversee scientific collaboration with research institutes, medical associations and key opinion leaders. She will report directly to Gilad Glick, President and CEO. Dr. Cook is an attending physician in charge of the cardiovascular intensive care unit responsible for managing patients receiving mechanical circulatory support and extracorporeal membrane oxygenation at the University of Cincinnati.

09:17 EDT Houlihan Lokey to acquire Freeman - Houlihan Lokey has agreed to acquire Freeman, a New York-based independent advisory firm that provides a range of advisory services to financial institution clients. The transaction adds substantial coverage of broker-dealers and expands the firm's footprint in providing investment banking services to asset and wealth management companies and other related financial services sectors. The transaction is expected to be completed before the end of calendar 2019 following regulatory approval. Founded in 1991 by its chairman, Jim Freeman, Freeman focuses exclusively on the financial services sector, providing mergers and acquisitions advisory, capital raising, and other investment banking advisory services. Since its founding, Freeman has represented clients, both domestic and international, in completing more than 100 M&A and private placement transactions throughout the financial services sector. As part of this transaction, the Freeman investment banking team will become part of Houlihan Lokey's global financial institutions group, or FIG, with Gagan Sawhney and Eric Weber joining as managing directors and Jim Freeman joining as a senior advisor.

09:15 EDT Cleveland-Cliffs CEO: China over producing steel, on pace to pass over 1B tons

09:13 EDT Terex announce departure of Brian Henry, SVP business development and IR - Terex Corporation announced that Brian Henry, SVP, Business Development and Investor Relations will leave the Company effective December 31, 2019. Randy Williamson will succeed Henry as VP Business Development and Strategy, continuing to lead Company and business-level strategy development while also assuming Henry's lead role in corporate portfolio development. Williamson will report to John Garrison, Jr., Chairman, President and CEO and will become a member of the Executive Leadership Team. With Henry's departure, leadership of the IR function will transition to Terex CFO John Sheehan. Details of this transition including the future point of contact for the investment community will be communicated at a later date.

09:10 EDT Martinrea announces strategic relationship with Millison Die Casting - Martinrea International announced a strategic relationship with Chongqing Millison Die Casting Co., Ltd. Based in Chongqing, China, Millison manufactures and distributes metal casting products for the automotive and telecommunications industries. The strategic relationship represents an expanded global manufacturing presence for Martinrea in Asia, and Millison in Europe and North America. Martinrea and Millison have signed a memorandum of understanding that allows the two entities to work together in the Chinese market. Initially, Martinrea and Millison plan to seek opportunities to manufacture aluminum body-in-white and powertrain components leveraging the robust technical resources and knowledge of high-pressure die casting.

09:09 EDT Caterpillar says don't read Q4 margins as likely structure for 2020

09:08 EDT Northern Technologies increased board to nine with two appointments - Northern Technologies International Corporation announced that the size of its Board had been expanded from seven to nine directors and that Nancy Calderon and Sarah Kemp had been elected to fill the vacancies created by this increase. Nancy Calderon, CPA, retired from KPMG LLP in September 2019 after a 33-year career. Sarah Kemp is an Executive Director for Merck, a global biopharmaceutical company.

09:06 EDT D.E. Shaw Renewable Investments acquires Utah projects from First Solar - First Solar announced that D. E. Shaw Renewable Investments is the acquirer of the Cove Mountain and Cove Mountain 2 projects in Iron County, Utah. The acquisition of the two projects, the sales of which were previously disclosed by First Solar and which total 180 megawatt AC in capacity, nearly doubles DESRI's portfolio of First Solar-developed projects to over 360MWAC. Cove Mountain and Cove Mountain 2, both under construction with completion expected in the second and fourth quarters of 2020, have long-term Power Purchase Agreements with PacifiCorp on behalf of Facebook, providing Facebook's data center operations with new solar resources. DESRI has previously acquired four First Solar-developed projects in California: the 100MWAC Willow Springs Solar Project in Kern County; the 40MWAC Cuyama Solar Project in Santa Barbara County; the 31MWAC Portal Ridge Solar Project in Los Angeles County; and the 11MWAC Rancho Seco Solar Project in Sacramento County. Once commissioned, both projects will be operated by First Solar Energy Services, which, with over 10 gigawatts under management, is the solar industry's most experienced Operations and Maintenance service provider for large-scale solar power plants. Both projects will be powered by First Solar's Series 6 module technology. Produced in just 3.5 hours using sophisticated, fully-integrated manufacturing processes, each large-format Series 6 module leverages First Solar's proprietary thin film technology, retaining the proven performance and reliability advantages of earlier generation modules. With a carbon footprint that is up to six times lower than crystalline silicon PV panels that are manufactured using conventional, energy-intensive production methods, Series 6 delivers a superior environmental profile and cleaner solar electricity.

09:05 EDT Comtech awarded $3M additional funding from U.S. Army - Comtech Telecommunications announced that during its first quarter of fiscal 2020, its Mission-Critical Technologies group, which is part of Comtech's Government Solutions segment, received additional funding of $3M on the previously announced three-year $124.2M contract to provide ongoing sustainment services for the AN/TSC-198A SNAP and Non-classified Internet Protocol Router Access Point, and baseband equipment. SNAP terminals provide quick and mobile satellite communications capabilities to personnel in the field. The contract has been funded $77.9M to date.

09:03 EDT DHI Group appoints Arie Kanofsky as Chief Revenue Officer - DHI Group has appointed Arie Kanofsky as Chief Revenue Officer. Kanofsky most recently served as VP, Growth and Head of Sales for Smartlinx Solutions. Previously, he was the Chief Sales Officer for Sterling Talent Solutions.

09:01 EDT Navient announces $1B share repurchase program - Navient announced that its Board of Directors approved a new share repurchase program for up to $1B of the company's outstanding common stock. The share repurchase authorization, which is effective immediately, is in addition to the approximately $77M unused authorization approved by the board in September 2018. The authorizations permit the company to repurchase shares from time to time through a combination of open market repurchases, privately negotiated transactions, accelerated share repurchase transactions or other similar transactions. The programs do not have an expiration date.

08:58 EDT Caterpillar sees no further U.S. pension plan contributions for significant time

08:54 EDT Caterpillar sees dealer inventories decreasing by $900M in Q4

08:52 EDT Caterpillar says customers delaying capital spending due to global uncertainty

08:49 EDT Cemtrex receives $1.5M in security related orders for border control - Cemtrex, announced that the company received over $1.5M in new orders in its Advanced Technology segment. The Company's new orders were driven primarily by a large government agency customer responsible for US border security. The orders were for video surveillance equipment, including software and hardware, that the Company markets through its Advanced Technology segment and are expected to be fulfilled this quarter. The Company expects that as border security remains a hot button issue, the potential for multiple additional orders of similar size exists over the next 24 months.

08:48 EDT CohBar appoints Misha Petkevich to board of directors - CohBar announced the appointment of Misha Petkevich to its Board of Directors. Since 2015, Petkevich has been the CIO of V2M Capital, an investment firm funding life science companies.

08:44 EDT Ameresco Solar to distribute Clear Blue's Smart Off-Grid systems - Clear Blue Technologies announced that Ameresco Solar, a solar distribution company, will distribute Clear Blue's Smart Off-Grid systems in the North American market as a part of its off-grid solar solutions.

08:42 EDT Capstone says FPP covered fleet reaches 250MW with 4MW contract award - Capstone Turbine Corporation announced that BMTec, one of Capstone's EMEA Distributors, recently signed a large Factory Protection Plan long-term service contract covering 4 megawatts of Capstone Microturbines, in the energy efficiency market space. This 7-year FPP will provide complete service coverage, including scheduled and unscheduled maintenance. "Continued awards for energy efficiency long-term service contracts are the bedrock for sustained growth of our profitable aftermarket business model," said Jeff Foster, Capstone's Senior Vice President of Customer Service and Product Development. "When coupled with our recent large Oil & Gas FPP service contracts, our newly improved FPP service offering has become the solution of choice for global microturbine customers, enabling predictable lifecycle costs for up to 20 years," added Foster. "I'm proud that Capstone now has 250 MW of our eligible global fleet covered under the innovative Capstone long-term service FPP agreements compared to 256 MW covered under the traditional time and materials approach of our engine based competitors," stated Darren Jamison, Capstone's President and CEO.

08:40 EDT Jaguar Health reports completion of preclinical studies of lechlemer - Jaguar Health announced the completion of the two short-term preclinical toxicology studies in rats and dogs intended to support continued development of lechlemer, the human drug product candidate of Jaguar's wholly-owned subsidiary, Napo Pharmaceuticals, for the symptomatic relief of diarrhea from cholera and potentially other acute infectious diarrheal conditions. The completion of these initial studies support the initiation of longer term toxicity and safety pharmacology studies that the company expects will support the Investigational New Drug application Jaguar plans to file for lechlemer. As previously announced, Napo received preclinical services supported by the National Institute of Allergy and Infectious Diseases to support development of lechlemer. NIAID is part of the National Institutes of Health. Under NIAID's suite of preclinical services, NIAID-funded contractors conducted the initial 7-day rat and dog toxicology studies.

08:39 EDT Caterpillar says in early stages of multi-year recovery in mining

08:39 EDT Sigma Labs awarded contract by VTT Technical Research Centre - Sigma Labs has been awarded a contract by VTT Technical Research Centre of Finland Ltd to install its proprietary PrintRite3D Real-Time Melt Pool Analytics software platform at the VTT 3D metal printing facility. "Sigma Labs is striving to become the standard for in-process quality assurance within the additive manufacturing industry," said John Rice, Chairman and CEO. "VTT's selection of our PrintRite3D software is not only a validation of our technology, but also a conduit to some of the largest global corporations who trust their recommendations for new technologies. In demonstrations to VTT, PrintRite3D demonstrated technical capabilities far exceeding the competing offerings. I look forward to monetizing our incredible software product in this exciting, emerging industry - creating long-term value for our shareholders."

08:38 EDT Caterpillar still expects to increase dividend during each of next four years - Caterpillar said it still expects to increase the dividend in each of the following four years by at least a high single-digit percentage.

08:34 EDT Caterpillar says taking steps to reduce production to match dealer demand - Comments taken from the Q3 earnings conference call.

08:32 EDT Celsius Holdings 'significantly' expands retail locations - Celsius Holdings announced that the company has significantly expanded the total number of retail locations. CELSIUS is available, as trend forward functional energy brands capitalize on consumer shifts towards healthier, better-for-you functional energy. The company reported that their total number of retail locations available has increased 57% YTD in 2019 to over 60,000 locations nationwide.

08:23 EDT Corvus Gold makes new vein system discovery at Cat Hill - Corvus Gold announces it has received assay results from follow up holes at the Cat Hill target, defining a new vein/stockwork gold system on the North Bullfrog property. Key results from the Cat Hill target, confirming a north-south trend for this shallow vein system related mineralization with improving grades along strike. In addition, the Company has received further positive stepout drill results from the western expansion of the Sierra Blanca deposit and the northern extension of the Jolly Jane deposit.

08:21 EDT Schmitt Industries Inc appoints Regina Walker as CFO - Schmitt Industries announced the appointment of Regina Walker, CPA as CFO of the Company, effective immediately. Prior to joining Schmitt, Ms. Walker served as CFO of TEC Equipment.

08:20 EDT Arcus to sell Dan Man property to Goldcorp Kaminak - Arcus Development Group announces that it has entered into a property purchase agreement dated October 22, 2019 with Goldcorp Kaminak, a subsidiary of Newmont Goldcorp Corporation. Under the terms of the Agreement, Arcus has agreed to sell the Dan Man property to Goldcorp Kaminak. The Dan Man property is comprised of 413 quartz mining claims and is located in the White Gold District of Yukon Territory, immediately north and adjacent to the Goldcorp Kaminak Coffee gold project. In consideration of the sale of its 100% interest in the Dan Man property, Arcus will receive the following from Goldcorp Kaminak: the return of 14,400,000 Arcus shares originally sold to Newmont Goldcorp in October of 2016 as part of a structured financing; and a 1% net smelter return royalty interest in any future commercial production from the Dan Man property. Goldcorp Kaminak will have the right to purchase the royalty interest at any time after the closing of the Transaction for $1,000,000. The Agreement also contains customary representations, warranties and covenants for a transaction of this nature. As a condition of the Transaction, Arcus and Newmont Goldcorp have agreed to terminate an investor rights agreement, dated October 24, 2016. The termination of the Rights Agreement relieves each of Arcus and Newmont Goldcorp of all future rights and obligations, including but not limited to, participation rights in future Arcus financings. The Rights Agreement originally formed part of the October 2016 structured financing. Arcus has been advised that following the Transaction, Newmont Goldcorp will own no securities of Arcus. Prior to completion of the Transaction, Newmont Goldcorp holds approximately 18.9% of the issued and outstanding common shares of Arcus.

08:15 EDT Sky Solar announces ADS ratio change - Sky Solar Holdings announced that it will change its American Depositary Share to its ordinary share ratio from one ADS representing eight Ordinary Shares to one ADS representing twenty Ordinary Shares. The Company anticipates that the ADS Ratio Change will be effective on November 8, 2019. Following the Effective Date of the ADS Ratio Change, each ADS will represent twenty Ordinary Shares. Holders of existing ADSs will be required to surrender their existing ADSs in exchange for new ADSs and will receive 0.4 new ADS for every 1 existing ADS surrendered to Citibank, N.A., the depositary of the Company's ADR facility. No fractional ADSs will be issued in connection with the ADS Ratio Change and cash-in-lieu of fractional entitlements to ADSs will be distributed at a rate based upon the net proceeds from the sale of the aggregate of the fractional new ADSs. No action is required by the Company's ADS holders to effect the ADS Ratio Change. There will be no change to the Company's underlying Ordinary Shares.

08:12 EDT Foamix enters manufacturing, supply agreement for AMZEEQ, FMX103 - Foamix Pharmaceuticals announced that it has entered into a long term contract manufacturing and supply agreement with ASM Aerosol-Service for the Company's recently approved AMZEEQ topical foam, 4% for the treatment of inflammatory lesions of non-nodular moderate to severe acne vulgaris in adults and pediatric patients 9 years of age and older and for its product candidate FMX103 topical foam, 1.5% for the potential treatment of moderate to severe papulopustular rosacea in adults. Under the terms of the agreement, ASM will manufacture and supply AMZEEQ and FMX103 at its facility in Mohlin, Switzerland. With the receipt of FDA approval of AMZEEQ and entry into the contract manufacturing and supply agreement with ASM, the Company now has access to up to an additional $20M of financing under its existing credit agreement with Perceptive and OrbiMed to fund the commercial launches of AMZEEQ and, pending FDA approval, FMX103.

08:08 EDT Northern Technologies raises quarterly cash dividend 8.3% to 6.5c per share - Northern Technologies International Corporation announced that the Board of Directors declared a quarterly cash dividend of 6.5c per common share, an 8.3% increase from the prior quarter payment. The cash dividend will be payable on November 20, 2019, to shareholders of record at the close of business on November 6, 2019.

08:07 EDT UniFirst raises quarterly dividend to 25c per share - UniFirst announced that it will be raising its quarterly dividend to 25c per share for Common Stock and to 20c per share for Class B Common Stock, up from 11.25c and 9c per share, respectively. This decision was reviewed and approved as part of the Board of Directors' ongoing evaluation of UniFirst's capital allocation strategy.

08:04 EDT Norfolk Southern says Q3 results include $32M write-off of a receivable - The company said, "Third-quarter net income was $657 million and diluted earnings per share were $2.49. The operating ratio for the quarter was 64.9%, a third-quarter record for NS. These results include a $32 million write-off of a receivable resulting from a legal dispute, which unfavorably impacted the operating ratio by 110 basis points and earnings per share by $0.09."

08:03 EDT Freeport McMoRan still sees FY19 copper sales view 3.3B pounds - Full year consolidated sales guidance is similar to prior estimates, with consolidated sales expected to approximate 3.3 billion pounds of copper, 874 thousand ounces of gold and 92 million pounds of molybdenum for the year 2019, including 870 million pounds of copper, 200 thousand ounces of gold and 24 million pounds of molybdenum in fourth-quarter 2019.

08:01 EDT Norfolk Southern reports Q3 operating ratio 64.9%

07:42 EDT Rigel Pharmaceuticals appoints Wolfgang Dummer as Chief Medical Officer - Rigel Pharmaceuticals appointed Wolfgang Dummer to the role of Chief Medical Officer. Dummer most recently served as Chief Medical Officer at Aridis Pharmaceuticals, where he was responsible for overseeing all aspects of drug development in the field of antimicrobial immunotherapy. Prior to that, he served as Vice President of Clinical Development at BioMarin Pharmaceutical.

07:38 EDT Rigel Pharmaceuticals sees Q3 Tavalisse sales up 15% from Q2 to $11.7M - Rigel Pharmaceuticals provided a business update. Preliminary estimates indicate that Tavalisse net product sales continued to achieve double digit quarter over quarter growth, increasing 15% to $11.7M from $10.2M in Q2. Rigel completed a Phase 1 clinical trial of R835, an interleukin-1 receptor-associated kinase 1/4 inhibitor. In addition to positive tolerability and pharmacokinetic data, R835 showed consistent inhibition of cytokine production in an LPS challenge which was designed to gauge the molecule's impact on inflammatory stimulation. Rigel announced its new receptor-interacting protein kinase inhibitor program. The lead molecule, R552, has initiated a Phase 1 clinical trial. RIP1 is believed to be a key driver of necroptosis.

07:36 EDT Boeing reports Q3 operating cash flow ($2.4B) - Operating cash flow was ($2.4B) in the quarter, primarily reflecting lower 737 delivery and advance payments as well as timing of receipts and expenditures. During the quarter, the company paid $1.2B of dividends, reflecting a 20% increase in dividends per share compared to the same period of the prior year.

07:33 EDT Boeing to cut monthly 787 production rate to 12 units in late 2020

07:31 EDT Boeing reports Q3 total backlog of $470B, including 5,500 commercial airplanes

07:28 EDT Guardion Health receives USPTO approval for expanded claims for MapcatSF - Guardion Health Sciences announced that it has received approval from the USPTO for additional claims reflected in a new patent for its proprietary medical device, the MapcatSF. The new patent will issue October 29, 2019 as U.S. Patent No. 10,456,028 and is a continuation patent on the original MapcatSF patent, U.S. Patent No. 9,486,136. This second patent on the MapcatSF covers new embodiments around the device that contain improvements related to the accuracy of intensity measurements made with the device, as well as patentably distinct features around photodiode detector calibrations. Also, there will be a patent term adjustment for the patent of 307 days.

07:24 EDT Alkermes sees 2019 Vivitrol sales $330M-$340M vs. prior outlook $330M-$350M - Alkermes lowered its 2019 Aristada sales outlook to $185M-$190M from $200M-$210M.

07:20 EDT Scorpio Bulkers declares one-time special stock dividend - On October 22, 2019, the Company's Board of Directors declared a one-time special stock dividend to the shareholders of the Company of an aggregate of one million shares of common stock of Scorpio Tankers Inc. (STNG), a related party. For each common share that a shareholder holds in the Company that shareholder will receive 0.0138 shares of common stock of Scorpio Tankers Inc., payable on or about December 13, 2019 to all shareholders of record as of November 15, 2019. The Scorpio Tankers Inc. common shares to be distributed in the special dividend were acquired from Scorpio Tankers Inc. in a registered underwritten public offering of its common shares in October 2018. Following the payment of the special dividend, the Company will continue to own approximately 4.4 million common shares of Scorpio Tankers Inc. Emanuele A. Lauro, the Company's Chairman and CEO, commented, "We will continue to manage Scorpio Bulkers to best effect as we identify changes in the global marketplace. Of note, the special dividend of a portion of our shareholding in Scorpio Tankers is an appropriate step at this time. We believe in sharing the benefit of recent improvement of product tanker fundamentals with our shareholders, while we believe that the investment thesis around IMO 2020 still has much room to run. Separately, our core business continues to benefit from a number of short- and medium-term catalysts. Demand for Ultramax and Kamsarmax vessels has been resilient, particularly in light of expanded ton-miles from new, or renewed, supply lines from West to East. In addition, regulators and our core customers alike are defining significant benefits for modern, fuel-efficient vessels like ours. Notwithstanding the short-term costs of positioning new vessels or outfitting them with scrubbers, we are as confident as ever that our strategy confers sustained benefits as the regulatory and competitive environment evolves."

07:14 EDT Alkermes sees ALKS 3831 NDA for schizophrenia, bipolar I this quarter - Alkermes CEO Richard Pops says in today's earnings statement, "As the profile of Alkermes changes, our executional priorities are clear: maximize the value of our commercial products and development candidates, streamline our cost structure and position the company for sustained future profitability. The restructuring is designed to further focus our R&D efforts on specific high-potential programs within CNS and oncology, improve financial efficiencies in our SG&A organization and drive growth. VIVITROL and ARISTADA provide a strong and growing foundation for our commercial business and the anticipated commercial launch of VUMERITY will provide a profitable new source of royalty revenues. We also continue to advance our pipeline programs, with the planned submission of the ALKS 3831 New Drug Application for both schizophrenia and bipolar I disorder this quarter, and the planned presentation of new data from ALKS 4230, our phase 1/2 immuno-oncology asset, at an upcoming medical meeting."

07:13 EDT Alkermes implements restructuring plan, sees Q4 charge of about $15M - The company said, "In October 2019, Alkermes completed a review of the company's operations, cost structure and growth opportunities and implemented a restructuring plan. The restructuring included the elimination of approximately 160 current positions across the organization, a decrease in the company's expected near-term hiring plans and implementation of cost-saving measures related to external spend. These efforts are expected to result in cost savings of approximately $150 million. The company expects to record a charge of approximately $15 million in the fourth quarter of 2019 as a result of the restructuring, consisting of one-time termination benefits for employee severance, benefits and related costs."

07:11 EDT Evogene subsidiary Biomica partners with Weizmann Institute - Evogene subsidiary Biomica announced a collaboration with the Weizmann Institute of Science to develop a selective treatment against antibiotic resistant strains of Staphylococcus aureus infection, in a microbiome focused approach. This approach aims to target a specific microbe while maintaining the microbiome of the patients' gut. The company has in-licensed Prof. Ada Yonath's work and discoveries in high-resolution crystal structure of the large ribosomal subunit of the pathogenic Staphylococcus aureus. Yonath's group will scientifically support Biomica in the development of the technology. One of the most common Staphylococcus aureus infections is caused by MRSA, a multi-drug resistant bacterium, responsible for several difficult-to-treat infections in humans. The current MRSA market was valued at approximately $ 2.9B in 2016 is projected to reach over $3.9B by 2025.

07:08 EDT Silicon Labs reports Q3 adjusted gross margin 60.2%

07:05 EDT General Dynamics says orders 'remained strong' in aerospace, defense in Q3 - The company said, "Order activity remained strong across the aerospace and defense portfolios, with a book-to-bill of 1-to-1 on 7.3 percent year-over-year revenue growth. Significant awards in the defense portfolios in the quarter included $1.3 billion from the Canadian government for production of armored combat support vehicles; $1.1 billion from the U.S. Navy for design and construction of two Expeditionary Sea Base auxiliary support ships and a $550 million option for an additional ship; $390 million from the Navy for Advanced Nuclear Plant Studies in support of the Columbia-class submarine program; $155 million from the U.S. Army for various munitions and ordnance; $325 million to provide program management and engineering services to the Cybersecurity and Infrastructure Security Agency's emergency communications infrastructure; and $265 million from the Army for computing and communications equipment under the Common Hardware Systems-5 program."

07:04 EDT Bausch Health acquires exclusive license for Xipere from Clearside Biomedical - Bausch Health (BHC) and Bausch + Lomb, its global eye health business, and Clearside Biomedical (CLSD) announced that an affiliate of Bausch Health has acquired an exclusive license for the commercialization and development of Xipere in the United States and Canada. Xipere is a proprietary suspension of the corticosteroid triamcinolone acetonide formulated for suprachoroidal administration via Clearside's proprietary SCS Microinjector that is being investigated as a targeted treatment of macular edema associated with uveitis. Clearside expects to resubmit its new drug application, or NDA, for Xipere to the FDA for review in Q1 and believes the FDA will review the NDA within six months of receipt of the resubmission.

07:03 EDT General Dynamics reports total backlog $67.4B at Q3-end - Total backlog at the end of third-quarter was $67.4B. Estimated potential contract value, representing management's estimate of value in unfunded indefinite delivery, indefinite quantity contracts and unexercised options, was $35.6B. Total estimated contract value, the sum of all backlog components, was $103B.

06:59 EDT Stepan Company increases quarterly cash dividend 10% to 27.5c per share - The board of Stepan approved an increase of 2.5c per share, or 10%, on its quarterly cash dividend on its common stock. The dividend of 27.5c per share is payable on December 13 to common stockholders of record on November 29.

06:55 EDT Caterpillar down 5.1% after reporting Q3 results, cutting FY19 guidance

06:53 EDT Nasdaq backs FY19 adj. tax rate 26%-27%

06:47 EDT Avery Dennison CEO says 'solid profit growth despite soft market demand' - We continue to deliver solid profit growth despite soft market demand," said Mitch Butier, Chairman, President and CEO. "Our focus in this slower growth environment has been to protect our margins in the base business, while driving faster-than-average growth in high value categories like RFID, and we're executing well on both fronts. For the quarter, Label and Graphic Materials delivered modest organic growth, as volumes improved relative to the first half of the year, and operating margin was strong; Retail Branding and Information Solutions delivered solid organic growth, as continued strength in RFID more than offset a slowdown in the base business, and operating margin remained strong; and IHM outperformed expectations on both the top and bottom lines, delivering solid organic growth and strong margin expansion. We have revised the high end of our guidance range for 2019 earnings per share, reflecting the incremental negative impact from currency translation, largely offset by stronger operational results and a modestly lower tax rate," added Butier. "We're confident in our ability to achieve our long-term targets, reflecting the resilience of our business and ability of our team to adapt to changing market conditions."

06:37 EDT Lockheed Martin awarded Air Force ICBM contract - The U.S. Air Force has awarded Lockheed Martin a $108M contract for the Mark21A Reentry Vehicle Technology Maturation and Risk Reduction, or TMRR, contract. The potential value of the contract is estimated at $138M: $108M awarded in the three-year contract and $30M as a potential one-year contract.

06:36 EDT MarketAxess raises 2019 CapEx view to $31M-$33M from $25M-$30M - Backs 2019 expense view $244M-$256M. Backs 2019 tax rate 20.5%-22.5%.

06:35 EDT Alexion CEO says 'delivered another record performance' in Q3 - "With consistent and strong execution, we have delivered another record performance in the third quarter, building on our momentum from the first half of 2019. Our teams continued to demonstrate launch excellence across the globe, with very rapid starts to the German and Japanese ULTOMIRIS PNH launches, where conversion is progressing ahead of the best-in-class U.S. launch at the same time points, as well as a strong start to the SOLIRIS NMOSD launch in the U.S.," said Ludwig Hantson, Ph.D., CEO of Alexion. "We also continued to expand our portfolio with two additional approvals - ULTOMIRIS for atypical HUS in the U.S. and SOLIRIS for NMOSD in the EU - and three new business development transactions that further diversify our pipeline, including an agreement to acquire Achillion. By continuing to deliver on the ambitious transformation plan we laid out two-and-a-half years ago, we have successfully established a strong foundation for the future and look forward to building on this progress as we advance our mission of delivering life-changing therapies to people with rare diseases."

06:34 EDT Herc Holdings raises 2019 adjusted EBITDA view to $740M-$750M from $735M-$760M

06:18 EDT Verizon and SAP co-developing Internet of Things analytics solutions - Verizon VZ) and SAP (SAP) are partnering to create enterprise solutions that use Verizon's network and platform capabilities integrated with SAP's software and services, particularly the SAP Leonardo Internet of Things solution, SAP Edge Services and analytics, computing and data management capabilities. Environmental conditions such as location, temperature, humidity and vibration are processed and analyzed at the edge by Verizon's ThingSpace-enabled Critical Asset Sensor and SAP Edge Services, generating real-time insights. This enables aggregate time series analysis contextualized with master data, geo-location and condition-based monitoring for outbound logistics business processes. Verizon's ThingSpace platform provides tools to build and deploy connectivity and manage data capture for CAS and other certified IoT devices for the enterprise.

06:15 EDT MediciNova receives notice of allowance for new patent covering MN-001 - MediciNova announced that it has received a Notice of Allowance from the Japan Patent Office for a pending patent application which covers MN-001 for the treatment of nonalcoholic fatty liver disease and nonalcoholic steatohepatitis. Once issued, the patent maturing from this allowed patent application is expected to expire no earlier than December 2032. The allowed claims cover MN-001 for treating a patient with NAFLD or NASH. The allowed claims also cover MN-001 for reducing liver inflammation in a patient with NAFLD or NASH. The allowed claims cover oral administration, including tablets and capsules, as well as liquid dosage forms.

06:07 EDT Facebook to tell Congress that Libra to 'extend America's financial leadership' - Facebook CEO Mark Zuckerberg said in prepared remarks ahead of a key congressional hearing on Project Libra that Facebook will not launch Libra anywhere in the world unless all U.S. regulators approve it. He will tell lawmakers that the Facebook-backed Libra cryptocurrency "will extend America's financial leadership as well as our democratic values and oversight around the world." "While we debate these issues, the rest of the world isn't waiting. China is moving quickly to launch similar ideas in the coming months," Zuckerberg said in his prepared remarks. "Libra will be backed mostly by dollars and I believe it will extend America's financial leadership as well as our democratic values and oversight around the world. If America doesn't innovate, our financial leadership is not guaranteed." "Even though the Libra Association is independent and we don't control it, I want to be clear: Facebook will not be part of launching the Libra payments system anywhere in the world until US regulators approve," Zuckerberg said. "By design, we don't expect to be leading those efforts going forward," Zuckerberg said. "The Libra Association has been created, has a governance structure in place, and will be driving the project from now on." "Finally, there's the question of whether libra is intended to replace sovereign currency, and whether it's appropriate for private companies to be involved in this kind of innovation," he said. "I want to be clear: this is not an attempt to create a sovereign currency. Like existing online payment systems, it's a way for people to transfer money." Reference Link

06:02 EDT Owens Corning provides 2019 outlook - "The company's outlook is based on an environment consistent with consensus expectations for global industrial production growth, U.S. housing starts, and global commercial and industrial construction growth. In Insulation, the company expects earnings growth in the technical and other building insulation businesses. The company anticipates this earnings growth will be more than offset by lower volumes and production curtailments in the North American residential fiberglass insulation business. In addition, the company is taking actions to optimize its network and improve its cost position in the North American residential fiberglass insulation business. Enabled by prior investments in productivity and process technologies, these actions are estimated to generate annual savings of approximately $25 million by 2021, with about $20 million achieved in 2020. They will result in charges of approximately $30 million, of which about $15 million is non-cash. In Composites, the company continues to expect growth in the glass fiber market, although at a lower rate than its previous outlook. The company expects volume growth and improved operating performance to largely offset inflation. In Roofing, the company continues to expect U.S. shingle industry shipments to be relatively flat. For Owens Corning, the company still anticipates a higher share of shipments and a favorable geographic mix comparison with the prior year. Contribution margins position the business for continued strong performance. The company estimates an effective tax rate of 26% to 28%, and a cash tax rate of 9% to 11% on adjusted pre-tax earnings, due to the company's U.S. tax net operating loss and foreign tax credit carryforwards. The company now expects general corporate expenses of $110 million to $115 million, compared with the previous range of $125 million to $135 million. Capital additions are expected to total approximately $460 million, compared with $475 million previously. Interest expense is expected to be approximately $130 million. The company anticipates sustaining strong conversion of adjusted earnings into free cash flow. The company plans to prioritize free cash flow to ongoing dividends and reduction of the term loan associated with the purchase of Paroc. Additionally, free cash flow could be deployed for share repurchases under the company's existing authorization."

05:22 EDT LRAD Corporation announces rebranding to 'Genasys', new symbol 'GNSS' - LRAD Corporation announced it is rebranding as Genasys, "aligning the company's identity with its leading, connected critical communications systems that empower all levels of domestic and international government and business to effectively manage critical situations and help save lives." The company's ticker symbol will change to "GNSS" effective market open.