Author - Craig Foley

Facebook shares fell over 7% after 4Q results: ASX poised to open flat

30 Jan 2020 - Following soft leads from US markets, the ASX looks set to open flat this morning. Over in the US, Facebook shares fell as much as 7% yesterday after the company reported rising costs and expenses in its fourth-quarter earnings. PainChek (ASX:PCK), an app for pain management, now has two granted patents, a US patent and a Japanese patent.

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oOh!media (ASX:OML) shares fell as CEO plans to step down: ASX closed 0.5% higher

29 Jan 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 0.5% higher. oOh!media (ASX:OML) shares dropped today after announcing Managing Director & CEO Brendon Cook will step down this year. American investment firm Starwood Capital Group is set to make a $485 million all-cash offer for Australian Unity Office Fund (ASX:AOF).

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Treasury Wine Estates (ASX:TWE) shares fall on US market underperformance: ASX tracking 0.4% higher at noon

29 Jan 2020 - The ASX rose at the open and managed to maintain momentum and is now tracking 0.4% higher at noon. Treasury Wine Estates (ASX:TWE) shares have shot down over 20% after reducing their guidance for the 2019-20FY. Webjet (ASX:WEB) has issued a statement to "clarify inaccuracies" from an analyst report as to how Webjet acquires traffic and the impact of Google Flights on that traffic acquisition.

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