Month: May 2013

Good news flowed in at Gilead Sciences, Inc. ( GILD ) from Europe when the European Commission (EC) approved the company’s Gilead’s HIV combination pill Stribild. Approval was granted for treating HIV infected adults […]

Richmond Heights, Ohio-based real estate investment trust (REIT), Associated Estates Realty Corp ( AEC ), announced an equity offering of 6.5 million shares on a forward basis. Moreover, the company plans to offer a 30-day option to underwriters for purchasing an additional 975,000 shares. Associated Estates intends to use the proceeds for paying near-term debt maturities (due Oct 1, 2013) as well as for meeting other corporate needs. […]

Blockbuster L.L.C., a business arm of DISH Network Corp. ( DISH ), is the second-largest satellite TV operator in the U.S. after DIRECTV ( DTV ). […]

On May 28, 2013, we downgraded Gentiva Health Services Inc. ( GTIV ) to Underperform from Neutral based on its weak first-quarter earnings on the back of consistently declining revenues along with uncertain regulatory environment and legal problems. […]

Brazil's state-run energy giant Petroleo Brasileiro S.A. or Petrobras ( PBR ) has confirmed that it has pulled out of talks regarding the sale of some of its assets in neighboring Argentina. In an announcement, the company revealed that following a review, it has declined all offers from prospective purchasers without reaching any agreement […]

Coatings major PPG Industries ( PPG ) said that the U.S. Bankruptcy Court for the Western District of Pennsylvania has confirmed the reorganization plan for Pittsburgh Corning. Pittsburgh Corning is a joint venture between PPG Industries and Corning Inc […]

H2O Innovation Inc. announced its partnership with Rockwell Automation Inc. ( ROK ) in the Rockwell Automation OEM Program […]

Omeros Corporation ( OMER ) recently filed a Clinical Trial Application (CTA) with the European regulatory authorities to initiate studies on OMS721. OMS721 is Omeros’ lead human monoclonal antibody from its mannan-binding lectin-associated serine protease-2 (MASP-2) program. OMS721 will be primarily developed for the treatment of atypical hemolytic uremic syndrome (aHUS), which is a rare but life-threatening form of thrombotic microangiopathy (TMA). […]

On May 28, 2013, we downgraded Genworth Financial Inc . ( GNW ) to Underperform from Neutral. The introduction of new products and pricing changes in the U.S. […]

Struggling telecom giant Telefonica SA ( TEF ) has signed a strategic deal with second-largest Russian telecom operator, MegaFon. The deal is aimed at reducing equipment cost via joint purchases. […]

Electronic Arts ( EA ) and Insomniac Games announced the availability of their new game Fuse in North American stores. The game is also available for download from EA’s online distribution platform Origin. […]

Rating agency Moody’s ( MCO ) asserted a stable outlook for Vodafone Group Plc. ’s ( VOD ) debt position and also maintained A3 ratings for its long-term debt and P-2 for its short-term debt. […]

Recently, AstraZeneca ( AZN ) entered into a definitive agreement to purchase US based specialty pharmaceutical company, Omthera Pharmaceuticals ( OMTH ) for approximately $323 million or $12.70 per share. The offer price represents a premium of 88% on Omthera Pharma’s closing price on May 24, 2013. […]

CA Technologies ( CA ) is rolling out newer and better solutions at regular intervals. The company recently announced the latest version of its Infrastructure Management solutions—CA Infrastructure Management 2.2—which is capable of proving for Citrix XenDesktop 7. CA has completed nearly eight months of collaboration with Citrix, which has enabled them to deliver some innovative solution through the “CA Infrastructure Management” for enterprises and also for “CA Nimsoft Monitor” for managed service providers (MSPs). […]

Astellas Pharma Inc. ( ALPMY ) recently announced the receipt of marketing authorization for Vesomni in the Netherlands. […]

Recently, RenaissanceRe Holdings Ltd. ( RNR ) announced that it will redeem all the outstanding 6.6% Series D Preference Shares and half of the outstanding 6.08% Series C Preference Shares. […]

Ford Motor Co. ( F ) has decided to shut down its entire Australian operations in Oct 2016 due to ebbing sales and continued appreciation of the domestic currency. The automaker will close two plants in Victoria state – an engine plant in Geelong and a vehicle assembly plant in Broadmeadows. […]