Stock Analysts

Meritor Sets Prices for Notes

Meritor Inc. ( MTOR ) announced the pricing of senior unsecured notes of $275 million due to mature on Jun 25, 2021 and carrying interest of 6-3/4%. The sale of the notes is expected to close on May 31, 2013, subject to customary closing conditions. […]

Stock Analysts

Fresh Market Beats 1Q Earnings, Rev Miss

The Fresh Market, Inc . ( TFM ) announced decent first-quarter fiscal 2013 results, beating earnings but missing out slightly on revenues; a turnaround from the weak results reported last quarter. The company also upped its comparable store-sales (comps) guidance after seeing better traffic trends this quarter […]

Stock Analysts

Foreclosed Home Sales Decline in 1Q

Data released by RealtyTrac reiterated the housing market being on the road to recovery. The total number of foreclosed properties sold in the first quarter of 2013 fell 18% sequentially and 22% from the prior-year quarter to 190,121 properties. Of the total foreclosed properties sold, 88,750 were at pre-foreclosure state (down 20% both from the prior quarter and the year-ago quarter), while 101,371 were bank-owned (down 16% sequentially and 23% year over year) […]

Stock Analysts

DSW’s Earnings Surpass Estimates

Footwear and accessories retailer, DSW Inc . ( DSW ) posted better-than-expected first-quarter fiscal 2013 results. The adjusted quarterly earnings of $1.00 per share surpassed the Zacks Consensus Estimate of 90 cents and rose by a couple of cents when compared with the prior-year quarter. […]

Stock Analysts

Abiomed Gains Reimbursement Approval

Leading cardiac assist devices maker – Abiomed ( ABMD ) has won a new reimbursement approval for its Impella product in the Netherlands. Through a process known as the Diagnosis Treatment Combinations (Diagnose Behandeling Combinaties; DBCs), which is similar to the Medicare Diagnosis-Related Group (DRG) system in the U.S., hospitals will receive funding for the use of the Impella technology to treat heart ailments. According to the World Health Organization (WHO), the Netherlands ranks among the top nations in the world providing excellent healthcare services. […]

Stock Analysts

Silver Wheaton Closes $1B NRT Loan

World’s biggest precious metal streaming company Silver Wheaton Corp. ( SLW ) declared the closing of $1 billion non-revolving term loan (NRT Loan), having a term period of 3 years and extendable by a year on the collective consent of its lenders. The proceeds from the NRT Loan have been applied by Silver Wheaton to repay the balance of $560 million on its Bridge Facility and $440 million for the unpaid debt under its Revolving Facility […]

Mergers & Acquisitions

Carey Watermark Investors Acquires Hutton Hotel In Nashville

Carey Watermark Investors Acquires Hutton Hotel In Nashville PR Newswire NEW YORK, May 30, 2013 NEW YORK , May 30, 2013 /PRNewswire/ — Carey Watermark Investors Incorporated (CWI) today announced that it has acquired Hutton Hotel, a premier four-star, luxury lifestyle boutique hotel in downtown Nashville . The 247-room hotel opened in 2009. CWI’s total investment in the property is approximately $77.3 million , including a $73.6 million purchase price and $3.7 million of planned capital improvements and other acquisition–related costs […]

Mergers & Acquisitions

LJ International Inc. Announces Extraordinary General Meeting of Shareholders

LJ International Inc. Announces Extraordinary General Meeting of Shareholders PR Newswire HONG KONG, May 30, 2013 HONG KONG , May 30, 2013 /PRNewswire/ — LJ International Inc. (“LJI” or the “Company”; NASDAQ: JADE), a foreign private issuer incorporated in the British Virgin Islands and a leading colored gemstone and diamond jeweler with retail and wholesale businesses, today announced that it has called an extraordinary general meeting of shareholders (the “EGM”), to be held at 10:00 a.m. […]

FDA Approval

AbbVie Announces Market Availability of New CREON (pancrelipase) 36,000 Lipase-unit Capsules for Patients with Exocrine Pancreatic Insufficiency

AbbVie Announces Market Availability of New CREON (pancrelipase) 36,000 Lipase-unit Capsules for Patients with Exocrine Pancreatic Insufficiency Highest Lipase Dose Now Available On the Market PR Newswire NORTH CHICAGO, Ill., May 30, 2013 NORTH CHICAGO, Ill. , May 30, 2013 /PRNewswire/ — AbbVie (NYSE: ABBV) today announced that a new, higher-dose capsule of CREON (pancrelipase) Delayed-Release Capsules is commercially available in the United States. […]

Mergers & Acquisitions

Supply Chain Services Provider Coregistics Acquires Assets of 40-Year-Old Food & Confections Industry Veteran Cano Packaging

Supply Chain Services Provider Coregistics Acquires Assets of 40-Year-Old Food & Confections Industry Veteran Cano Packaging Coregistics Announces Chicago Presence, Significantly Enhances Primary Packaging Capabilities PR Newswire ATLANTA, May 30, 2013 ATLANTA , May 30, 2013 /PRNewswire/ — Coregistics, a packaging-centric supply chain services company, today announced the acquisition of substantially all of the assets of Cano Packaging, Corporation (Cano), a Chicago -area company that specializes in primary contract packaging services for food and confectionary manufacturers. The combination of the two companies immediately establishes a Coregistics presence in Chicago and significantly increases the company’s ability to support its diverse client base both geographically and through the acquisition of Cano’s physical assets which include state-of-the-art High Speed Cartoning, Vertical Form/Fill/Seal, High-Speed Pouching and Overwrapping equipment. For almost four decades, Cano has been recognized as a leader in food and confectionary contract packaging. […]

Stock Analysts

Chico’s Earnings & Rev Miss Est

U.S. based specialty retailer, Chico's FAS Inc. ( CHS ) reported first-quarter fiscal 2013 earnings of 32 cents per share that came in line with the year-ago quarter but fell short of the Zacks Consensus Estimate of 36 cents […]

Mergers & Acquisitions

Writers’ Group Film Corp. Acquires All English-Language Rights to Family Title "BRAZIL IN 3D"

Writers’ Group Film Corp. Acquires All English-Language Rights to Family Title “BRAZIL IN 3D” PR Newswire LOS ANGELES, May 30, 2013 LOS ANGELES , May 30, 2013 /PRNewswire/ — Companies: WRIT GRP FILM CORP , FRONT ROW NETWORKS , GLOBO FILMS , IMAGEM FILMS Writers’ Group Film Corp. (OTCQB:WRIT) and its wholly-owned subsidiary Front Row Networks, Inc., a Los Angeles -based production and distribution company, have acquired all English language rights to ” BRAZIL IN 3D”, a cinema quality 3D stereoscopic family feature with both animation and live action […]

Mergers & Acquisitions

Sovereign Partners Limited Acquires Cap-It-All Limited

Sovereign Partners Limited Acquires Cap-It-All Limited PR Newswire LONDON, May 30, 2013 LONDON , May 30, 2013 /PRNewswire/ — Sovereign Partners Ltd , a leading food packaging supplies firm to the coffee and food to go industry, today announced they are acquiring Cap-It-All Ltd, the leading supplier of disposable lids for the foodservice sector and its wholly owned subsidiary Goodlife Eco-Friendly Limited. Barbara Feldman , Managing Director of Sovereign , said, “We are very excited about this announcement. The combination of Cap-It-All with Sovereign is a perfect fit for our company […]

FDA Approval

Breathe Technologies Sleep System Receives FDA Clearance

Breathe Technologies Sleep System Receives FDA Clearance PR Newswire IRVINE, Calif., May 30, 2013 IRVINE, Calif. , May 30, 2013 /PRNewswire/ — Breathe Technologies, Inc., a manufacturer of innovative medical devices for people with respiratory conditions today announced the Food and Drug Administration (FDA) has granted the company 510(k) clearance to market its Sleep System (Continuous Positive Airway Pressure, or CPAP & Interface) in the US for treatment of Obstructive Sleep Apnea (OSA). The Breathe Sleep System utilizes miniaturized technologies coupled with user-centric design to provide a new therapeutic solution for patients with OSA […]