FDA Approval

Tactical medical device is first of its kind

Tactical medical device is first of its kind PR Newswire FAYETTEVILLE, N.C., May 7, 2013 FAYETTEVILLE, N.C. , May 7, 2013 /PRNewswire/ — The Combat Ready Clamp made history Friday when it received new critical indications from the FDA making it the first device of its kind approved to treat unmanageable amputations and pelvic wounds not addressable with standard limb tourniquets. The Combat Ready Clamp is a vise-like tourniquet now approved for use on all five anatomical junctions where life-threatening hemorrhage can occur in the result of such actions as roadside and terrorist bombings. […]

Stock Analysts

Molson Coors’ 1Q Earnings, Revs Lag (TAP)

Global brewer Molson Coors Brewing Company ( TAP ) reported first quarter 2013 adjusted earnings of 30 cents per share, missing the Zacks Consensus Estimate of 35 cents per share by 14.3%. The results declined 36.2% from the prior-year earnings of 47 cents per share, mainly due to debt service costs related to the acquisition of StarBev operations (June 2012). Unfavorable currency impact, increased marketing spending for brands, and poor weather in key markets also led to the decline in the quarter […]

Stock Analysts

New Product Line from Broadcom (BRCM) (SYNT) (UIS) (VRTU)

Leading semiconductor solutions provider Broadcom Corp ( BRCM ) recently introduced the industry’s lowest power consuming multi-port Gigabit physical layer transceivers (PHYs) named BCM54290. The BCM54290 transceiver facilitates higher accuracy and consumes 40% less power compared to other similar products in the market. The new generation 40 nanometer (nm) enterprise and carrier class PHY devices are well suited to meet the challenges of the Long Term Evolution (LTE) technology and networks […]

Stock Analysts

Siemens Extends Contract with RES (ALOG) (CUB) (REFR) (SI)

Electronics and electrical engineering company Siemens AG ( SI ) recently extended its service and maintenance contract with RES Americas, one of the leading renewable energy companies in North America, for two of its wind power projects in Texas. The extension will facilitate RES Americas to avail Siemens’ services for an additional 15-year period beyond the expiry of the existing 5-year contract period. […]

Stock Analysts

Tyco Procures Contract from Shell (CR) (HON) (MIC) (TYC)

Tyco International Ltd ( TYC ) recently procured an enterprise framework agreement (EFA) from Shell Global Solutions International, a subsidiary of Royal Dutch Shell plc (RDS-A) to provide fire protection products, engineered systems and lifecycle services across the globe. As a part of this agreement, Tyco will provide safety and security services for Shell’s onshore and offshore sites in the Americas, Asia and Australia/New Zealand. Tyco has formed a Program Management Office (PMO) to provide guidance during installation and service delivery. […]

Economic Data

May 7: Markets Face Period Devoid of News – Economic Highlights

How do you interpret news stories that cite interest rate cut by Australia’s central bank as the reason for stocks to open higher today? It tells you that there is no real news, forcing media people to come up with something that makes some sense. And rate cut announcements, even by far-off countries that have little relevance to dynamics in the U.S […]

Mergers & Acquisitions

TRUSTIVO Announces the Addition of Commonwealth Financial Group to its Retirement Platform

TRUSTIVO Announces the Addition of Commonwealth Financial Group to its Retirement Platform PR Newswire CAMBRIDGE, Mass., May 7, 2013 CAMBRIDGE, Mass. , May 7, 2013 /PRNewswire/ — Commonwealth Financial Group (CFG) has joined TRUSTIVO and will make available the services of its more than 100 financial advisors to employees and retirees currently on TRUSTIVO. TRUSTIVO is the nation’s leading retirement network that transforms the way individuals and trusted advisors connect, engage and develop strategies for retirement. […]

Mergers & Acquisitions

Preferred Acquires Acelleron Medical Products

Preferred Acquires Acelleron Medical Products PR Newswire EATONTOWN, N.J., May 6, 2013 EATONTOWN, N.J. , May 6, 2013 /PRNewswire/ — Preferred Home Health Care & Nursing Services, Inc. (PHHC), a leader in providing home care to residents of New Jersey and Pennsylvania , announces the acquisition of Acelleron Medical Products, a durable medical equipment (DME) company that focuses on the distribution of nebulizers, breast pumps and other medical products […]

Mergers & Acquisitions

Tommy Bahama Acquires Brand’s Canadian Operations from its Licensee

Tommy Bahama Acquires Brand’s Canadian Operations from its Licensee PR Newswire SEATTLE, May 7, 2013 SEATTLE , May 7, 2013 /PRNewswire/ — Tommy Bahama, an operating group of parent company Oxford Industries, Inc., announced today that it has closed a deal to acquire the business operations relating to the Tommy Bahama business in Canada from its licensee, the Jaytex Group. The acquired operations include nine Tommy Bahama retail stores in Canada and a wholesale business with high end department stores and specialty retailers, including Hudson’s Bay Company. […]

Stock Analysts

Vornado Misses on FFO, Rev Up (HST) (LHO) (STWD) (VNO)

Vornado Realty Trust ( VNO ) – a leading real estate investment trust (REIT) – reported first-quarter 2013 adjusted FFO (funds from operations) per share of $1.14, missing the Zacks Consensus Estimate of $1.85. However, the FFO exceeded the year-ago number of 98 cents by 16.3%. The year-over-year increase was attributable to the company’s successful execution of strategic initiatives. […]