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Netherlands-based JBS Foods to raise about $500 million via IPOExternal Link

Netherlands-based JBS Foods International is seeking to raise around $500 million in an initial public offering, according a Securities and Exchange Commission filing submitted on Monday. JBS, one of the world's largest food companies, reported net revenue of $33.71 billion and adjusted earnings before interest, taxes, depreciation, and amortization of $2.06 billion in the first nine months of the year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 05 Dec 2016 22:39:35 GMT
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TherapeuticsMD shares jump 20% on menopause drug study resultsExternal Link

TherapeuticsMD Inc. shares jumped in the extended session Monday after the women's drug developer said a late-stage clinical trial showed its drug candidate reduced vasomotor symptoms in women going through menopause. TherapeuticsMD shares surged 22% to $7.52 after hours on heavy volume. Vasomotor symptoms include such occurrences as night sweats, hot flashes, and flushes. The company said its drug candidate TX-001HR significantly reduced the number and severity of these symptoms in menopausal and post-menopausal women compared to those treated with a placebo.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 05 Dec 2016 21:38:55 GMT
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Coupa Software's first post-IPO earnings report helps stock reboundExternal Link

In the first earnings report after its initial public offering, Coupa Software Inc. handily beat expectations, sending the company's stock up more than 5%. The cloud-software company, which helps companies manage their spending, reported a net loss of $6.7 million, or 36 cents a share, on revenue of $35.4 million. After adjustments for stock-based compensation and other factors, Coupa claimed a loss of 22 cents a share. Analysts on average expected an adjusted loss of 47 cents a share on sales of $31 million, according to FactSet. Coupa sold IPO shares for $18 apiece in October, and saw those shares more than double in its first day of trading, though those prices have deflated in the intervening months. The stock fell 1% to $26.02 in Monday's regular trading session, then popped to more than $27 in after-hours action.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 05 Dec 2016 21:27:58 GMT
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CFTC, in third try, proposes rules to limit speculative commodity tradesExternal Link

The Commodity Futures Trading Commission on Monday voted unanimously to repropose rules that would put limits on speculative positions in twenty-five physical commodity futures contracts and their "economically equivalent" options and swaps positions. This is the third time the agency has proposed such limits. One previous iteration was overturned by a federal count. The new rules were mandated by the 2010 Dodd-Frank regulatory law. The agency also reproposed a definition of bona fide hedging positions, as well as exemptions to this definition in physical commodities. The proposal will be open for public comment for 60 days.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 05 Dec 2016 21:25:21 GMT
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U.S. stocks close higher as Italy concerns dismissedExternal Link

U.S. stocks closed higher Monday after strong economic data overshadowed concerns about Italy's rejection of constitutional reforms. The Dow Jones Industrial Average closed up 45.82 points, or 0.2%, at 19,216.24, a fresh record close, led by more than 2% gains in shares of Nike Inc. and Goldman Sachs Group Inc. , after reaching an intraday record of 19,274.85 earlier in the session. The S&P 500 index advanced 12.76 points, or 0.6%, to finish up at 2,204.71, with the financials and tech sectors the strongest performers. The Nasdaq Composite index rose 53.24 points, or 1%, to close at 5,308.89.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 05 Dec 2016 21:06:20 GMT
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