Stock Analysts

Australia Harsher on Smoking (BTI) (PM)

The Australian government has taken a stricter stance on tobacco giants, imposing higher taxes plus a rule to expand the size of existing graphic warning labels. The recent ruling entails cigarette manufacturers to sell their products in plain packages with warning labels occupying at least three fourths of the front side, compared with the current 30%, when the law takes effect on January 1, 2012. The bill passed the lower house unopposed and will now go to the upper house, where it is not expected to meet much resistance. […]

Stock Analysts

Prologis Leases in Japan () (PLD) (PLD) (PSB)

Prologis ( PLD ) recently signed two lease contracts for a total space of 410,200 square feet in Prologis Park Kawajima, located near Tokyo. This new facility is 70.0% leased totaling 1.55-million square feet, and comprises seismic resistance technology. Seismic resistance technology is a set of technical equipments aimed at mitigating seismic impacts in building structures […]

Stock Analysts

Wells Fargo Acquires Procomp (IRE) (WFC)

On Friday, Wells Fargo Insurance Services, a division of Wells Fargo & Company ( WFC ), disclosed the completion of the acquisition of New Jersey-based Procomp Benefit Resources Inc. in early September. The financial terms of the deal were not disclosed. […]

Mergers & Acquisitions

Jazz Pharmaceuticals and Azur Pharma Agree to Combine to Form Jazz Pharmaceuticals plc

Jazz Pharmaceuticals and Azur Pharma Agree to Combine to Form Jazz Pharmaceuticals plc — Combined company would have a diversified product portfolio, strong cash flow and expected annual revenues of more than $475 million — — Jazz Pharmaceuticals stockholders to own slightly under 80 percent of combined entity; Azur Pharma stockholders to own slightly more than 20 percent — — Conference call today at 4:30 PM ET to discuss transaction — PR Newswire PALO ALTO, Calif. and DUBLIN, Sept. […]