Month: July 2011

FDA Approval

Sonitus Medical Receives Second FDA Clearance for SoundBite™ Hearing System

July 1, 2011 0

Sonitus Medical Receives Second FDA Clearance for SoundBite™ Hearing System New Conductive Hearing Loss Clearance Expands SoundBite Indications For Use PR Newswire SAN MATEO, Calif., July 1, 2011 SAN MATEO, Calif. , July 1, 2011 /PRNewswire/ — Sonitus Medical, Inc., a medical device company that manufactures the world’s first non-surgical and removable hearing device to transmit sound via the teeth, today announced that it has received an additional FDA clearance for its SoundBite Hearing System. […]

Mergers & Acquisitions

Timken Completes Philadelphia Gear Acquisition

July 1, 2011 0

Timken Completes Philadelphia Gear Acquisition — Timken adds power transmission capabilities of leader in gear-drive services and systems for industrial and marine applications — Plans to extend Philadelphia Gear business model globally PR Newswire CANTON, Ohio, July 1, 2011 CANTON, Ohio , July 1, 2011 /PRNewswire-FirstCall/ — Timken (NYSE: TKR) today announced the completion of its $200 million purchase of Philadelphia Gear, a leading provider of gear-drive systems and aftermarket services for the industrial and military marine sectors. “The Philadelphia Gear acquisition advances our strategy to diversify Timken’s portfolio well beyond bearings and assist customers with broader mechanical power transmission services,” said James W. […]

Stock Analysts

Varian TrueBeam Makes China Debut (ARAY) (VAR)

July 1, 2011 0

Leading integrated radiotherapy systems maker Varian Medical ( VAR ) has achieved another key milestone as its popular TrueBeam therapy system has been successfully deployed at Shantou University Medical College's affiliated cancer hospital, thereby becoming the first cancer treatment center in China to install this advanced system. Shantou University Medical College is a premier medical college and health research base in southern-eastern China. […]

Stock Analysts

Commerce Bancshares Remains Neutral (CBSH) (TCB)

July 1, 2011 0

We continue to maintain our long-term “Neutral” recommendation on Commerce Bancshares Inc. ( CBSH ). Although the company has the scope to expand inorganically with its excellent liquidity position, we remain cautious on the company’s loan volumes and non-performing asset position, which need to be improved in order to gain a foothold in the industry. […]

Mergers & Acquisitions

Six Nursing Homes in the NewCourtland Network to Transfer to New Owners

July 1, 2011 0

Six Nursing Homes in the NewCourtland Network to Transfer to New Owners PR Newswire PHILADELPHIA, July 1, 2011 Move further positions NewCourtland to meet changing needs of Philadelphia seniors PHILADELPHIA , July 1, 2011 /PRNewswire-USNewswire/ — Six of the seven nursing homes in the NewCourtland Network have been acquired by new owners effective July 1, 2011 : Care Pavilion, Cheltenham York Road, Cliveden, Maplewood Manor and Tucker House by Mid-Atlantic Healthcare; and Kearsley Retirement Community by Tryko Partners. Both organizations bring with them exceptional expertise in long-term care management. […]

Mergers & Acquisitions

First Defiance Financial Corp. Acquires Payak-Dubbs Insurance Agency

July 1, 2011 0

First Defiance Financial Corp. Acquires Payak-Dubbs Insurance Agency Toledo area agency acquired by Subsidiary First Insurance & Investments PR Newswire DEFIANCE, Ohio, July 1, 2011 DEFIANCE, Ohio , July 1, 2011 /PRNewswire/ — First Defiance Financial Corp. (NASDAQ: FDEF) announced today that its subsidiary, First Insurance & Investments, Inc., has acquired the business of Payak-Dubbs Insurance Agency, Inc., an independent property and casualty insurance agency with two office locations based in Maumee and Oregon, Ohio […]

Stock Analysts

Blackstone to Buy RBS’ Risky Loans (BX) (RBS)

July 1, 2011 0

On Thursday, the Financial Times reported that Blackstone Group ( BX ) has agreed to purchase risky commercial-property loans worth 1.4 billion pounds ($2.3 billion) from U.K.-based Royal Bank of Scotland Group Plc ( RBS ). Blackstone would buy a 25% stake in the loan portfolio and also takeover the management of the assets, in an attempt to recover as much value as possible. The loan portfolio includes some of the most problem property loans in nursing homes, pubs, auto showrooms and parking garages. […]

Fast Money Episodes

Call the Close

July 1, 2011 0

[cnbc 3000031055] The Fast Money traders weigh in on what to trade today and look towards the second half of the year. […]

Fast Money Episodes

Asset Allocations in Q3

July 1, 2011 0

[cnbc 3000031031] CNBC’s Tyler Mathisen with details on the DA’s letter in the Strauss-Kahn case, the Fast Money traders weigh in on Q3 investing, and Amelia bordeau, Westpac Institutional Bank, with a currency trade. […]