Month: April 2012

OPERATIONAL UPDATE / Q4 2011 RESULTS Brian Marckx, CFA Interleukin Genetics ( ILIU ) reported financial results for the fourth quarter ending December 31, 2011 on March 29th. While revenue came in significantly softer than our number, it was still up 13% y-o-y. In addition, Q4 has historically been relatively modest from a revenue standpoint. […]

In a bid to further strengthen its product portfolio, the MaterialScience segment of Bayer ( BAYRY ) recently purchased the remaining shares from French company EXIMIUM SAS (formerly Michel Baulé SA) and other stockholders pertaining to its 50:50 systems house joint venture, Baulé SAS. The financial terms of the deal were not revealed. The joint venture had its origin in 2008 […]

The US Food and Drug Administration (FDA) dealt another blow to the tobacco companies as a part of its anti-smoking campaign. In its recent ruling, the watchdog has ordered the tobacco biggies to enlist the harmful ingredients that they are using in their products. […]

CVS Caremark Corporation ( CVS ) recently announced a change in top management. According to the company’s design, effective September 1, 2012, the present EVP and Chief Operating Officer of the Pharmacy Benefit Management (PBM) business, Jon Roberts will replace Per Lofberg, the President of the PBM business. However, Robert will continue to report to Lofberg who extended his employment agreement with the company till December 2013. […]

Nokia Corp. ( NOK ) is all set to launch their first Window-based smartphone called Lumia 800C in the massively growing Chinese market. The new CDMA-based Lumia 800C handset is priced at $570 and is expected to be shipped from April, onwards […]

Winston-Salem, North Carolina-based Krispy Kreme Doughnuts Inc ( KKD ) is set to boost investors’ wealth by initiating a share buyback program. The board of directors of Krispy Kreme, an international chain of doughnut stores, has approved a new share repurchase program worth approximately $20 million. […]

The U.S. Energy Department's weekly inventory release showed a larger-than-expected increase in natural gas supplies, as record-warm March temperatures across the country have restricted the commodity’s requirement for power burn. In fact, the second injection of 2012 and the largest ever for March, has added to the already bloated inventories […]

World’s leading money transfer company, Western Union Co. ( WU ), has announced the launch of the Mobile Money service in Uganda following an agreement with the MTN Group. Via the Mobile Money service, MTN customers will be able to transfer funds across the borders through their mobile phones. […]

On Thursday, the dismissal of lawsuit pertaining to the buyback of defective mortgage-backed securities (MBS), gave reprieve to Bank of America Corporation ( BAC ). The lawsuit was filed against BofA by a group of investors led by Walnut Place group. […]