BUZZ-U.S. Stocks on the Move-Royale Energy, Methode, Concert Pharma
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U.S. stocks fell on Thursday following comments from a top Federal Reserve official that interest rate increases should come sooner rather than later. The Dow Jones industrial average was down 0.17 percent at 16,839, the S&P 500 was down 0.22 percent at 1,955.28 and the Nasdaq Composite was down 20.92 points, or 0.48 percent, to 4,358.84.
** ROYALE ENERGY INC, $3.2648, +8.47 pct
The oil and gas producer said a review found up to 325.3 million barrels of oil in two locations in Alaska's North Slope region. The assessed regions were among company's recent acquisition of Big Bend seismic survey.
** METHODE ELECTRONICS INC, $37.4, +13.26 pct
The electronic products maker forecast sales for year ending May 2015 above analysts' estimates. Methode, whose products include touchscreens, sensors, remote controls and high-speed data cables, said it expects to launch new products in fiscal 2015. The company also reported better-than-expected revenue for fourth quarter, helped by higher sales in automotive, interconnect and power products segments. Continued...