Month: August 2011

Par Pharmaceutical Companies Inc. ( PRX ) recently announced that it has entered into a definitive agreement to acquire Anchen Pharmaceuticals for $410 million in cash. […]

Allergan Inc. ( AGN ) recently received a major boost with the US Food and Drug Administration (FDA) approving Botox for the treatment of neurogenic overactive bladder. The drug can be used in adults with a neurologic condition like spinal cord injury or multiple sclerosis, who have not responded adequately to, or, are intolerant to anticholinergic medication (current standard of care) […]

Stocks may find it hard to sustain the gains of the last few days given the soft weekly Jobless Claims numbers this morning. A major contributor to this week’s gains has been the growing expectation that Ben Bernanke will come out with something helpful in his Jackson Hole speech on Friday. And in that line of thinking, a weak labor market report increases the odds of something positive from the Fed Chief. […]

TiVo Inc. ( TIVO ), a developer of advanced television services including digital video recorders (DVR), reported loss per share of 17 cents in the second quarter of 2012, narrower than the Zacks Consensus Estimate of a loss of 20 cents. […]

Global Power Group of Foster Wheeler AG ( FWLT ) has received two contracts to provide solar steam generator systems to two different solar projects in Spain. The first contract is with an Engineering, Procurement and Construction (EPC) contractor, UTE Africa Solar, for the La Africana Solar Thermal Power Plant, located in Fuente Palmera (Cordoba, Spain). As per the first contract, Foster Wheeler will provide for a single 50 MWe train thermal plant steam generating components (feedwater heaters, preheaters, evaporators, superheaters, and reheaters) as well as site advisory services at the plant’s commissioning phase. […]

BHP Billiton Ltd. ( BHP ) has reported strong financial results for full year ended June 30, 2011 with net income (excluding special items) of $23.6 billion, almost double from $12.7 billion for full year ended June 30, 2010. Earnings per ADR, excluding special items, also grew to $4.27 from $2.28 a year ago […]