Recently, Oncolytics Biotech Inc. ( ONCY ) reported positive preliminary results from the US phase II trial (REO 020) evaluating the use of oncology candidate, Reolysin in combination with Bristol-Myers Squibb 's ( BMY ) Taxol (paclitaxel) and carboplatin, which are widely used chemotherapy treatment. The phase II trial aims to assess the safety and efficacy profile of Reolysin in patients suffering from metastatic melanoma […]
Recently, KBR Ltd. ( KBR ) announced that it has received a contract by the Dos Republicas Coal Partnership to provide detailed engineering and technical assistance services for the Eagle Pass Mine near Eagle Pass, Texas. The financial details of the contract were not disclosed […]
Zacks Investment Research upgraded shares of Labor Smart Inc (LTNC) from N/A to OUTPERFORM on May 24, 2013, with a target price of $0.80. Labor Smart, Inc. is an emerging growth company that serves the on-demand labor market, focusing primarily on filling blue-collar staffing positions on a temporary basis […]
[marketwatch 0CDD4B57-6067-4D29-9F2E-2E15F8FE3152] The Next 24: Trading on Summer Blockbusters […]
[marketwatch E1BC6859-060D-4488-912B-97FCC301096B] Will Fracking Ruin German Beer? […]
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Global Alumina Announces Receipt of No Objection Letter Regarding Sale of Its Interests in Guinea Alumina Corporation PR Newswire TORONTO, May 24, 2013 TORONTO , May 24, 2013 /PRNewswire/ — Global Alumina Corporation (TSX: GLA.U) (the “Company” or “Global Alumina”) is pleased to announce that the Ministry of Mines and Geology of the Republic of Guinea has issued a no objection letter (the “NOL”) in connection with the previously announced sale by the Company of all of its interests in Guinea Alumina Corporation Limited (“Guinea Alumina”) to DM GAV Limited (“DM GAV”). The receipt of the NOL satisfies a material condition precedent to the completion of the transaction pursuant to the terms of the share purchase agreement entered into by the Company and DM GAV (the “SPA”). […]
The wholly owned subsidiary of United Continental Holdings Inc. ( UAL ) – United Airlines – launched the new United Club in Concourse A at Seattle-Tacoma International Airport. The 6,096-square-foot United Club – the second lounge to be designed as per the airline’s new concept – displays a new interior and offers passengers more comfort with new and improved furnishings along with views of the Cascade Mountains, a refreshed bar and lobby overlooking the United terminal. […]
We have maintained our Neutral recommendation on Northrop Grumman Corporation ( NOC ) on May 22, 2013 on the back of its improved performance and lower share count that led to a top and bottom line beat in the first quarter. However, offsetting these positive factors to some extent is the uncertainty related to the defense budget. The company currently has a Zacks Rank #3 (Hold). […]
Video game retail sales plunged in Apr 2013. According to market research firm NPD, sales decreased 25.0% to $495.2 million from $630.0 million reported in Apr 2012. However, sales in dollar terms were almost half from $992.5 million reported in March and declined massively from $810.0 million reported in Feb, 2013 […]
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In an effort to distribute more profit among shareholders, the board of directors of Unum Group ( UNM ) authorized an increase of 11.5% in its dividend. The company will now pay a quarterly dividend of 14.5 cents per share, up from 13 cents per share paid on May 17, 2013. The increased dividend will be paid in third quarter of 2013. […]
Elan Corporation ’s ( ELN ) Board of Directors recently rejected Royalty Pharma’s offer for the third time. Following a thorough review and consideration process, with the assistance of its executive management team along with outside financial and legal advisors, the company concluded that Royalty Pharma’s last offer also substantially undervalued Elan. […]
OncoGenex Pharmaceuticals, Inc. ( OGXI ) recently announced that it is looking to move its oncology candidate, OGX-427, into a phase II study (Cedar: n~140). The study will evaluate OGX-427 as a first-line therapy in patients suffering from advanced squamous cell lung cancer. […]
Integrated oil and gas company TOTAL S.A. ( TOT ) and Qatar Petroleum International (QPI) signed an agreement to develop oil projects in Congo. […]
Electronic Arts ’ ( EA ) PopCap Games has recently released the first social game of its popular Plants vs. Zombies franchise named Plants vs. […]
Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Softchoice Shareholders Vote in Favour of Arrangement Agreement PR Newswire TORONTO, May 24, 2013 TORONTO , May 24, 2013 /PRNewswire/ – Softchoice Corporation (TSX: SO) today announced that Institutional Shareholder Services Inc. (ISS) and Glass Lewis & CO., two leading independent proxy research and advisory firms, have published reports recommending that their clients who are Softchoice shareholders vote in favour of the plan of arrangement (“the Arrangement”) under which certain funds managed by Birch Hill Equity Partners (“Birch Hill”) will indirectly acquire all of the issued and outstanding common shares of Softchoice for cash at a price of $20.00 per share (the “Transaction”), representing total equity value, on a fully diluted basis, of approximately $412 million . “We believe that the Transaction is highly attractive to shareholders and are pleased that ISS and Glass Lewis agree,” said Bill Linton , Chairman of the Softchoice Board […]
Radiosurgery systems maker, Accuray Incorporated ( ARAY ) published encouraging data about its CyberKnife Robotic Radiosurgery System, which provides stereotactic body radiation therapy (SBRT) to treat prostrate cancer. Clinical findings from the 5-year long term study of 304 patients demonstrated the efficacy of the device in successfully treating patients with low and intermediate risks of prostrate cancer. It has been found that majority of the people with such risks recorded zero cancer rate during the five year median time period studied […]
A unit of Willis Group Holdings ( WSH ) – Willis North America has launched a private insurance exchange, The Willis Advantage to enhance its health and welfare operations. The exchange aims at addressing the underlying costs of healthcare. […]
Broadcom Corporation ( BRCM ), recently launched its first 5G WiFi combination chips with 802.11ac technology that can be used in PCs, notebooks, tablets, smartphones and other connectivity devices. The new wireless single chips feature a highly integrated design at a lower cost enabling Original Equipment Manufacturers (OEMs) to reduce their bill of materials (BOM) cost. […]
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