Company News For January 11, 2017

Shares of General Motors Company (GM) gained 3.7% after the company expects adjusted per-share earnings of $6.00 to $6.50 for 2017, more than analysts’ expectations of $5.71

Shares of Ascena Retail Group Inc (ASNA) tanked almost 10% after the company warned that fiscal second-quarter losses would be wider than expected due to increase in promotional activity led by disappointing holiday traffic

Shares of Alphabet Inc (GOOGL) fell 0.1% after the company is said to be in talks to sell its satellite business Terra Bella to startup rival Planet Labs Inc

Ionis Pharmaceuticals Inc’s (IONS) shares increased 4% after the company disclosed that the FDA has approved Spinraza to treat spinal muscular atrophy

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