ADRs End Higher; Himax Technologies, Teva Pharmaceutical Industries Trade Actively
December 08 2017 - 6:20PM
Dow Jones News
International stocks trading in New York closed higher on
Friday.
The BNY Mellon index of American depositary receipts rose 0.8%
to 149.74. The European index increased 0.9% to 139.49. The Asian
index went up 0.5% to 176.30. The Latin American index increased
0.7% to 238.04, nd the emerging-markets index rose 0.6% to 316.
Himax Technologies Inc. (HIMX), Shire PLC (SHPG), and Teva
Pharmaceutical Industries Ltd. (TEVA) were among those with ADRs
that traded actively.
Taiwan-based Himax Technologies, a supplier and manufacturer of
display drivers and other semiconductor products, denied
allegations of fraud made in a tweet published Wednesday by Citron
Research. Himax reaffirmed its commitment to transparent and
reliable shareholder communication, and its adherence to the
highest standards of corporate governance. ADRs of Himax dropped
4.9% to $10.50.
Irish pharmaceutical company Shire on Friday named John Miller,
senior vice president of finance, as its interim chief financial
officer effective Jan. 1. Mr. Miller will remain interim CFO until
Thomas Dittrich starts his employment with Shire as CFO in early
2018. Shire said in November that CFO Jeff Poulton would leave the
company at the end of December. ADRs of Shire (SHPG) rose 3.2% to
$148.
Israeli pharmaceutical company Teva could eliminate as many as
10,000 jobs across the world, more than 15% its total staff,
Bloomberg reports. Kare Schultz, chief executive of the debt-ridden
company, aims to cut expenses by between $1.5 billion and $2
billion over the next two years, according to Bloomberg. ADRs of
Teva rose 7.1% to $16.06.
(END) Dow Jones Newswires
December 08, 2017 18:05 ET (23:05 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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