Crude oil continued to sell off, hitting levels not seen since the financial crisis. Crude oil was down 37 cents, or 1 percent, to $35.71 a barrel. Brent crude, which is used to price international oils, was down 62 cents, or 1.7 percent, to $36.26 a barrel.
Energy stocks continued to fade as a result, making it the only part of the S&P 500 that was lower. Newfield Exploration was down $1.48, or 5 percent, to $30.11. ConocoPhillips fell 93 cents, or 2 percent, to $44.99.
Credit Suisse Group AG (ADR) (NYSE:CS) was trading lower by -0.56% to $21.17. So far, around 331,835 shares have changed hands in this session. After opening at $21.12, the stock hit as high as $21.26. However, it traded between $20.33 and $29.99 over the last twelve months. Credit Suisse Group AG (ADR) (NYSE:CS) on December 14, 2015 stated that it has entered into a definitive agreement with GSK to reacquire all of its remaining rights to Prolia® (denosumab), XGEVA® (denosumab) and Vectibix® (panitumumab) in 48 countries in Asia, South America, Europe, Australia and other regions throughout the world. The agreement involves key expansion markets for Amgen including Brazil, China, Colombia, Hong Kong, Israel, Singapore, South Korea, Taiwan and Thailand.
GSK has held select regional rights to Prolia and XGEVA since 2009 and to Vectibix since 2010 under license from Amgen. In 2014, GSK generated approximately $111 million in combined sales from these licenses. Amgen will make undisclosed milestone payments to GSK on signing and on the successful transition of the products back to Amgen. Amgen will book all product sales following this transition.
Amgen, Inc. (NASDAQ:AMGN) was at $158.25, showing a -0.35% decrease. Around 456,790 shares have been traded, versus an-average trading volume of 3.26 million shares. Amgen, Inc. (NASDAQ:AMGN) on December 15, 2015 declared that its Board of Directors declared a $1.00 per share dividend for the first quarter of 2016. The dividend will be paid on March 8, 2016, to all stockholders of record as of the close of business on Feb. 16, 2016. This represents a 27 percent increase from that paid in each of the previous four quarters.
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Spectra Energy Corp. (NYSE:SE) shares decline today, losing -0.07 per cent to $22.03. Around 376,257 shares changed hands so far in this session compared to an-average trading volume of 7.16 million shares. Spectra Energy Corp. (NYSE:SE) on December 18, 2015 declared that the Ontario Energy Board has approved applications from Union Gas Limited and Enbridge Gas Distribution Inc. for 15-year contracts to move natural gas from the Appalachian Basin into the Union Gas Dawn Hub on the proposed NEXUS Gas Transmission system beginning in November 2017.
“The NEXUS project represents a tremendous opportunity for customers to access natural gas from both the Utica and Marcellus shale plays and move it through markets in Ohio and Michigan to the Dawn Hub, the second largest physically traded gas hub in North America,” said Bill Yardley, president of U.S. Transmission and Storage for Spectra Energy. “These approvals confirm strong, long-term market support for our route and the project from demand-pull markets represented by these local distribution companies in Ontario.”
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