Month: September 2011

Solar cell company First Solar Inc. ( FSLR ) has decided to trim its cost of production and increase efficiency of solar cells in order to compete with Chinese solar cell producers. The Chinese solar cell producers are now leading the worldwide solar cell market, backed by financing from the Chinese Bank and advancements in technology to tap solar energy. […]

Recently, Bristol-Myers Squibb Company ( BMY ) presented encouraging data from a phase II study (n=48) which evaluated its candidate BMS-790052 in combination with peginterferon and ribavirin (standards of care) for treating patients suffering from the hepatitis C virus (HCV). Bristol-Myers presented data from the mid-stage study at the 51st interscience conference on antimicrobial agents and chemotherapy held in the US. The double-blind study evaluated BMS-790052 at three doses (3 mg, 10 mg or 60 mg) in treatment-naïve patients infected with genotype 1 chronic HCV. […]

Equity LifeStyle Properties, Inc. ( ELS ), a real estate investment trust (REIT) that owns and operates lifestyle-oriented properties, has recently obtained a debt of $100 million collateralized by 10 manufactured home communities and an RV (recreational vehicle) resort. The debt facility, scheduled to mature in 2021, bears an annual interest rate of 5.0% and requires an interest-only payment for the first two years. […]

Novo Nordisk ( NVO ) recently announced data from a late stage trial evaluating its candidate, Degludec, an ultra long-acting basal insulin, in patients with type II diabetes. Data from the study revealed that Degludec can lead to reductions in blood glucose levels even if its dosing is delayed. […]

Electric Boat, a wholly owned subsidiary of General Dynamics Corporation ( GD ), received a $32.9 million contract from the U.S. Navy to supply three backup photonics masts for Virginia-class submarines. The Virginia class is a class of nuclear-powered fast attack submarines in service with the United States Navy. […]

The global leader of sports equipment and apparel maker, Nike Inc. ( NKE ) is expected to report first quarter 2012 earnings on Thursday, September 22, 2011. […]

Genomic Health ( GHDX ) will present results of five studies covering breast and colon cancer at a conference during September 23-27 in Stockholm, Sweden. Presentations will include results from six countries supporting cost effectiveness of the company’s flagship product Oncotype DX. […]

General Motors Co. ( GM ) reached a tentative four-year agreement with the United Auto Workers (UAW) that covers 48,500 workers of the automaker. The company reached the agreement after nearly seven weeks of bargaining with UAW […]

We recently downgraded our recommendation on BHP Billiton Limited ( BHP ) to Neutral from Outperform. The downgraded rating is backed by the execution risk and interruptions in the mining operations that the company has been facing over time, due to natural disasters, devastation of industrial infrastructure like power, logistics, etc. […]

CSX Corporation ( CSX ) and Kinder Morgan Energy Partners ( KMP ) have partnered in a venture to transport ethanol into Tampa, Florida through a train-to-pipeline distribution system. With support from Tampa Port Authority (TPA), both parties will transport ethanol from Midwest to central Florida markets through 100-car unit trains serving Kinder Morgan’s Tampa Terminal. The TPA will assist in building rail track and infrastructure to manage train deliveries and offloading yard at terminals. […]

The controversial Volcker Rule that restricts proprietary trading of U.S. banks may also be enforced on foreign banks with operations in the country, Bloomberg reported on Friday, following communication with four people familiar with the matter. The legislation is part of the Dodd-Frank Act, which significantly overhauled the U.S […]