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KB Financial Group Inc latest news:
BlackBerry signs patent licensing deal with Teletry
Canada's BlackBerry Ltd (BB) said on Wednesday it agreed to allow Teletry, a unit of patent licensing firm Marconi Group, to sub-license a broad range of its patents to global smartphone manufacturers. Blackberry said it would retain ownership of the patents and operate its own licensing program outside of Teletry's sub-licensing rights. Financial terms of the deal were not disclosed.
BRIEF-Krystal Biotech reports qtrly loss per share $1.26
Krystal Biotech Inc(KRYS). * Krystal Biotech(KRYS) reports that KB103 received clearance from RAC review and announces third quarter 2017 financial results. * Krystal Biotech Inc (KRYS) qtrly loss per share $1.26. * Krystal Biotech Inc (KRYS) - Currently preparing to file an investigational drug application for KB103 in Q1 of 2018 Source text for Eikon: Further company coverage:
S&P 500 logs 31st closing record of 2017 as stock market bounces in 'relief rally'
U.S. stocks on Monday kicked off the first full week of trading in September with a bang, underlined by the S&P 500 ending at a record, as a raft of meteorological and geopolitical jitters gave way to a re-emergence of appetite for assets perceived as risky. The S&P 500 index closed up 1.1% at 2,488, marking its first record close since Aug. 7, buoyed by gains in the technology and financials sectors. Financials, as gauged by the PowerShares KBW Bank Portfolio and the Financial Select Sector SPDR ETF booked their best daily rises since June 9, according to FactSet data. Bank stocks benefited from a resurgence in benchmark Treasury yields, with the 10-year Treasury note rising to 2.13%, compared with 2.05% late Friday. Higher yields support a banks's business models. The Dow Jones Industrial Average , meanwhile, jumped about 260 points, retaking is perch above 22,000, while the Nasdaq Composite Index closed up 1.1%. The technology sector has often been viewed as a gauge of Wall Street's tolerance for risk, seeing heavy bidding when investors feel bullish on the market. Monday's bounce was attributed to Hurricane Irma hitting Florida with less force than feared and North Korea refraining from conducting another missile test in the Korean Peninsula, factors that last week had helped push stocks and bonds mostly lower. The relatively milder impact of Hurricane Irma helped insurers, bracing for bigger liabilities from the storm, rally, highlighted by a 3.1% advance in the PowerShares KBW Property & Casualty Insurance Portfolio , a popular exchange-traded fund used to invest in the in the sector. Art Cashin, UBS's director of floor operations, on CNBC described Monday trading as a two-pronged "sigh of relief rally." In corporate news, shares of Apple Inc. bounced 1.8% ahead of what is expected to be the debut of a fresh lineup of iPhones and other products from the Cupertino, Calif.-based tech giant.
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Kennedy-Wilson Holdings Inc.KW