Month: December 2012

McKesson Corporation ( MCK ) recently announced that it has received a notification of early termination of the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976, in relation with its proposed acquisition of PSS World Medical Inc. ( PSSI ). On October 25, 2012, McKesson had announced the signing of a definitive agreement with PSS World Medical Inc., whereby the former will acquire all outstanding shares of PSS World Medical for $29.00 per share in cash […]

Starwood Hotels & Resorts Worldwide, Inc. ( HOT ) in association with the Liberty Group is set to unveil an Aloft property in Tampa, Florida. The new property named Aloft Tampa Downtown is slated to open for business in early 2014 […]

Auxilium Pharmaceuticals, Inc. ( AUXL ) recently announced that the FDA has accepted its supplemental Biologics License Application (sBLA) for Xiaflex (clostridial collagenase for injection). […]

Tech Data Corp ( TECD ) will be selling selected Microsoft ( MSFT ) products through Electronic Software Delivery (“ESD”) as the two agreed to extend their partnership. Resellers can easily download several Microsoft products, including Microsoft Office suite, through Tech Data’s online portal ActivateHere. ActivateHere will not only help in the secured and efficient delivery of the software electronically, but it will also lower resellers’ cost burden, as it will eliminate the need of physical storage. […]

PPG Industries Inc. ( PPG ) declared a force majeure on vinyl chloride monomer, which is used in a variety of building products, after a fire incident at a facility in Louisiana. Force majeure is a clause included in contracts that eliminates liabilities for unavoidable catastrophes that disrupt normal operations and can restrict one party from fulfilling obligations to another. […]

In an effort to expand its Creative Cloud offerings, Adobe Systems Inc. ( ADBE ) announced the acquisition of privately-held Behance last week. […]

Reportedly, Netflix Inc. ( NFLX ) is planning to introduce “social features” for its domestic subscribers after the United States Congress passed a recent bill, which will allow it to share customer rental data on social networking platform Facebook ( FB ) . […]

Recently, the largest global producer and marketer of beverages, The Coca-Cola Company ( KO ) declared a grant of more than $2 million, a part of which would be used for supporting community health and fitness programs in North America. The company’s philanthropic segment, The Coca-Cola Foundation will award the grant. Given the rise in lifestyle diseases, people are now concerned about the nutritional value of packaged food. […]

CNH Global N.V. ( CNH ) recently announced certain changes in its global alliance with Kobelco Construction Machinery Co., Ltd. The agreement is about to move into the next phase, which will feature non-exclusive licensing and supply agreements between the two companies. […]

Raptor Pharmaceutical Corp. ( RPTP ) recently announced that the US Food and Drug Administration (FDA) has extended the review period for its candidate, RP103 (proposed brand name: Procysbi). The FDA’s final decision is now expected by April 30, 2013 instead of January 30, 2013. […]

SurModics, Inc. ( SRDX ), a provider of surface modification and drug delivery technologies to the healthcare industry, recently revealed that it has appointed Andy LaFrence as the chief financial officer (CFO) and Vice President of finance. He will take over the reins effective February 12, 2013. […]

An healthy year-to-date return of 25.3%, robust third-quarter fiscal 2013 performance and rising estimates have helped American Eagle Outfitters Inc. ( AEO ) to achieve a Zacks #1 Rank (Strong Buy) status on December 27. This Pennsylvania-based fashion retailer has surpassed the Zacks Consensus Estimate in 2 of the trailing 4 quarters, while met in other 2. […]

A solid year-to-date return of 170.5%, robust third-quarter 2012 results and rising estimates aided AMN Healthcare Services Inc. ( AHS ) to attain a Zacks #1 Rank (Strong Buy) status on December 22, 2012. Shares of this healthcare staffing and clinical workforce management solutions provider are now hovering close to its 52-week high of $12.17 attained on December 26 […]