Ratings agency – A.M. Best reaffirmed the debt and credit ratings of Amerisafe Inc. ( AMSF ) and its subsidiaries, reiterating the company’s financial strength and fundamental growth outlook […]
Morgan Stanley Smith Barney LLC (MSSB), a registered Futures Commission Merchant and a division of the investment brokerage firm Morgan Stanley ( MS ) settled Commodity Futures Trading Commission (CFTC) charges for $490,000 million. CFTC fined Morgan Stanley as investigations revealed the company’s futures trading unit violated rules regarding the management of overseas futures and option customers’ secured funds. The Probe CFTC alleges that in Apr 2013 Morgan Stanley’s trading unit inappropriately moved $16 million from customer funds bank account, which led to a $9.27 million shortage in MSSB’s secured funds. […]
New Jersey-based Integra LifeSciences Holding Corporation ( IART ) has expanded its skin and wound product line with the launch of Integra Wound Matrix (Thin). However, the announcement failed to boost Integra's shares as they fell 2.5% till the last trading session. Wound Matrix is a new and thinner product with a thickness that is about half of the previous Integra Wound Matrix. […]
Pfizer Inc. ( PFE ) announced encouraging results from a phase IIb study (n=354) on bococizumab (RN316) being developed for the treatment of adults suffering from high cholesterol and also taking statin therapy. The study randomized patients with either bococizumab (twice or once monthly subcutaneous administration) or placebo […]
Cosmetics retailer Elizabeth Arden ( RDEN ) is trying to boost sales after reporting unimpressive second-quarter fiscal 2014 results last month. As part of this strategy, last week, the Miramar, FL-based company forayed into professional skincare business with the launch of it latest Elizabeth Arden Rx skincare line. The skincare cream will be available exclusively at physician’s office. […]
[marketwatch FA2FB841-71DA-4EC8-B854-7DC79575CE9E] Barron’s Buzz: Here Comes $75 Oil […]
[marketwatch 3B438256-A48E-4BDB-AEEB-0D3866651222] Instacart Wants to Be Your Personal Grocer […]
[marketwatch DF152258-F5DC-4D71-AAA3-B7363B703B50] BMW to Expand South Carolina Plant, and More […]
Investment of Jing Bao (Asia) Ltd. in Reservoir Minerals Inc. Canada NewsWire TORONTO, March 28, 2014 TORONTO , March 28, 2014 /CNW/ – Jing Bao ( Asia ) Limited (” Jing Bao “) announced that it has acquired ownership of an aggregate of 4,750,000 common shares of Reservoir Minerals Inc. […]
The U.S. Securities and Exchange Commission (SEC) is set to finalize the rules for Money Market Funds that it issued on Jun 5, 2013. […]
Shareholders are offloading Latin American telecom operator, NII Holdings Inc. ( NIHD ), from their portfolio after the company sounded a warning on liquidity last month. Recently, NII Holdings suffered another setback when investors filed a class action suit against the company and its board of directors […]
Tesla Motors, Inc. ’s ( TSLA ) battery supplier Panasonic Corporation ( PCRFY ) might not be a partner in its Gigafactory, per media reports. According to Panasonic’s President, the factory has a lot of investment risk […]
Casual dining restaurateur, BJ's Restaurants, Inc. ( BJRI ) remains committed to expand its footprint in the U.S. The company recently opened another restaurant in Little Rock, AR — the second restaurant opening this year […]
After facing sales restriction in many states, things might change for Tesla Motors, Inc. ( TSLA ) in Ohio soon. According to a deal with a few auto dealers in the state, Tesla will be allowed to directly sell its vehicles without any dealer network […]
Although shares of Discover Financial Services ( DFS ) declined marginally in two trading sessions post the company’s decision to form a new Diners Club franchise in Switzerland, the news is expected to draw bullish sentiment on the stock going forward. To form this new franchise, the company‘s subsidiary, Diners Club International, has allied with a leading Swiss banking organization, Cornèr Bank Ltd. In return, Cornèr Bank’s payment card division – Cornèrcard – will be in charge of a Diners club issuing business in Switzerland. […]
Pitney Bowes Inc. ( PBI ) announced its collaboration with International Business Machines Corporation ( IBM ) last Tuesday, for enhancing the hybrid cloud location services. However, the news failed to raise investors’ sentiment and the company’s share price fell nearly 2.7% to close at $25.03 on March 27. […]
A subsidiary of Austin, TX-based Jones Energy Inc. ( JONE ) has priced an upsized offering of an aggregate principal amount of $500 million of senior unsecured notes, due 2022. The notes will be issued at a public offering price of 100% of par to yield 6.75% to maturity […]
[youtube cjJaJkixFeo] Kitco News speaks with CPM’s senior commodity analyst Rohit Savant about the company’s Gold Yearbook findings on this edition of “Commodities Confidential.” Savant expects 2014, especially the second half of the year, to bring an ‘uptick’ in gold price. “We have an annual average price of $1,330 but we expect that prices in general will be above levels we saw last year,” he adds. […]
Redwood Asset Management Inc. and Aston Hill Asset Management Inc. Announce that the Change of Manager of Redwood Income Strategies Class and the Related Merger with Aston Hill Growth & Income Fund Have Been Approved Canada NewsWire TORONTO, March 28, 2014 TORONTO , March 28, 2014 /CNW/ – Redwood Asset Management Inc. […]
On Mar 26, 2014, Zacks Investment Research upgraded U.S. private mortgage insurer MGIC Investment Corp. […]
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