Month: May 2013

Mergers & Acquisitions

Arsenal Acquires Arnco

May 1, 2013 0

Arsenal Acquires Arnco PR Newswire NEW YORK, May 1, 2013 NEW YORK , May 1, 2013 /PRNewswire/ — Arsenal Capital Partners (Arsenal), today announced the acquisition of Arnco, one of the world’s largest suppliers of polyurethane products. Arnco is the first acquisition of Arsenal under the umbrella of Dash Multi-Corp. (Dash), a platform portfolio company focusing on the specialty technologies of polyurethane systems, vinyl plastisols and recycled rubber products […]

Stock Analysts

Viacom’s Earnings Beat by a Penny (CBS) (DIS) (TWX) (VIAB)

May 1, 2013 0

Viacom Inc. ( VIAB ) declared second-quarter 2013 financial results with the bottom line beating the Zacks Consensus Estimate but the top line falling short of the same. Net income from continuing operations in the reported quarter was $481 million or 96 cents per share compared with $588 million or $1.08 per share in the prior-year quarter […]

Mergers & Acquisitions

Confie Seguros Acquires Capital Insurance Agency Of Trenton To Strengthen New Jersey Operations

May 1, 2013 0

Confie Seguros Acquires Capital Insurance Agency Of Trenton To Strengthen New Jersey Operations Jayla Insurance Also Acquired as Fold-In for Paterson Office PR Newswire NEW YORK, May 1, 2013 NEW YORK , May 1, 2013 /PRNewswire/ — Confie Seguros , a rapidly growing national provider of personal lines insurance, today announced the acquisition of Capital Insurance Agency of Trenton, NJ , strengthening its existing operations in New Jersey . Capital Insurance has been in business since 1935 and specializes in personal insurance lines, as well as commercial insurance. Joe Waked, CEO of Confie Seguros, said, “We are pleased to add Capital Insurance as we strengthen our focus on New Jersey and the surrounding region […]

FDA Approval

Clinical Results for Oramed’s Oral Diabetes Treatment Published in Peer Reviewed Journal PLOS ONE

May 1, 2013 0

Clinical Results for Oramed’s Oral Diabetes Treatment Published in Peer Reviewed Journal PLOS ONE Study assessed effectiveness of ORMD-0801 in stabilizing blood sugar levels in unstable Type 1 diabetes patients PR Newswire JERUSALEM, May 1, 2013 JERUSALEM , May 1, 2013 /PRNewswire/ — Oramed Pharmaceuticals Inc. (NASDAQCM: ORMP) ( http://www.oramed.com ), a developer of oral delivery systems of drugs currently administered by injection, announced today that its article titled, “Glucose-reducing effect of the ORMD-0801 oral insulin preparation in patients with uncontrolled Type 1 diabetes: a pilot study,” has been published in PLOS ONE, an international, peer-reviewed, open-access journal which covers primary scientific and medical research. […]

FDA Approval

BiO2 Medical’s IDE Application for the Angel™ Catheter Receives FDA Approval

May 1, 2013 0

BiO2 Medical’s IDE Application for the Angel™ Catheter Receives FDA Approval PR Newswire SAN ANTONIO, May 1, 2013 SAN ANTONIO , May 1, 2013 /PRNewswire/ — BiO2 Medical, Inc., a Texas based medical device manufacturer with corporate offices in San Antonio, Texas , and R&D and manufacturing operations in Golden, Colorado , is among the first to receive U.S. Food and Drug Administration (FDA) approval of their Investigational Device Exemption (IDE) application to begin an Early Feasibility Pilot Study (EFPS) using the Angel™ Catheter. The Angel™ Catheter is the first to combine the functions of an Inferior Vena Cava (IVC) Filter and a multi-lumen Central Venous Catheter (CVC) for the prevention of Pulmonary Embolism (PE), and for access to the central venous system. […]

Mergers & Acquisitions

Smooth transition for Esso home-heating customers as Pioneer Energy acquires Atlantic Canada business

May 1, 2013 0

Smooth transition for Esso home-heating customers as Pioneer Energy acquires Atlantic Canada business Canada NewsWire DARTMOUTH, NS, May 1, 2013 DARTMOUTH, NS , May 1, 2013 /CNW/ – Burlington, Ont. -based Pioneer Energy today announced it has completed an agreement with Imperial Oil putting Pioneer into the home heating and commercial fuels business in New Brunswick and Nova Scotia . Pioneer Energy, through a wholly owned subsidiary operating as Pioneer Fuels , has entered into a long-term agreement with Imperial Oil to serve as an Esso Branded Reseller […]

Mergers & Acquisitions

Amarium Signs Letter of Intent to Purchase Jovita Mine

May 1, 2013 0

Amarium Signs Letter of Intent to Purchase Jovita Mine PR Newswire LAS VEGAS, May 1, 2013 LAS VEGAS , May 1, 2013 /PRNewswire/ — Amarium Technologies Inc. (OTC MARKETS: AMMG) released today that it has signed a Letter of Intent (LOI) with Minerales Consolidados S.A. De C.V. […]

Stock Analysts

Armstrong’s 1Q Earnings & Sales Lag (AWI) (HW) (JHX) (MAS)

May 1, 2013 0

Armstrong World Industries, Inc. ( AWI ), reported first-quarter 2013 adjusted earnings of 22 cents per share, declining 55% from the prior year quarter’s earnings of 49 cents per share. The decline was attributable to increased foreign losses and the disbursement of previously capitalized financing costs resulting in higher tax rate […]

Stock Analysts

Arch Capital Posts Strong 1Q Earnings (ACGL) (AXS) (MRH) (PGR)

May 1, 2013 0

Arch Capital Group Limited ( ACGL ) reported first quarter 2013 net operating earnings of $1.17 per share, surpassing the Zacks Consensus Estimate of 97 cents per share. Results also outpaced the year-ago earnings of 82 cents per share. Including net realized gains of 41 cents, net impairment losses recognized in earnings of 2 cents, equity in net income of investment funds accounted for using the equity method of 10 cents and net foreign exchange gains of 19 cents, Arch Capital reported net income of $1.85 per share in the first quarter, up 62.3% year over year […]