Full-line sporting goods retailer DICK'S Sporting Goods Inc. ’s ( DKS ) expansion strategy is on a roll as the company announced 3 new store openings, one each in Culpeper, VA, Arden, NC and Lawrence, KS. The new Culpeper store will be housed on Montanus Drive, at Culpeper Colonnade and serve Virginia’s 26th outlet […]
Trimel Receives FDA Approval for Natesto™ Nasal Gel to Treat Men with Low Testosterone Canada NewsWire TORONTO, May 28, 2014 Natesto™ is the first nasal testosterone replacement therapy approved by FDA TORONTO , May 28, 2014 /CNW/ – Trimel Pharmaceuticals Corporation (TSX: TRL) announced today that the United States Food and Drug Administration (FDA) has approved Natesto™ (testosterone), formerly CompleoTRT™, the first and only testosterone nasal gel for replacement therapy in adult males for conditions associated with a deficiency or absence of endogenous testosterone. Natesto™ is self-administered via a nasal applicator thereby minimizing the risk of secondary exposure to testosterone of women or children. “In my practice I regularly encounter men demonstrating symptoms of hypogonadism and physicians will increasingly see this as the North American population ages,” said Dr. […]
Cliffs Natural Resources Inc. ( CLF ) has announced a 25% (or $100 million) reduction in its capital expenditure for 2014 to $275 million – $325 million due to volatility in seaborne iron ore and metallurgical coal pricing. Roughly 75% of the reduction will be in Cliffs' Eastern Canadian iron ore and North American coal operations […]
Xerox Corporation ( XRX ) secured an estimated $500 million worth contract to reinstate New York's Medicaid management system, according to a Bloomberg report. Xerox was allegedly contending against Hewlett-Packard Co. ( HPQ ) for the contract, in a bid to increase foothold in the Medicaid market […]
GE Power & Water, a segment of General Electric Company ( GE ), declared that its distributor Clark Energy has won a contract to deliver 19 new Jenbacher gas engines to Australia Pacific LNG. Clark Energy is General Electric’s authorized distributor for its Jenbacher gas engines in Australia. […]
On Tuesday, Terreno Realty Corp. ( TRNO ), the San Francisco, CA-based real estate investment trust (REIT), announced its plan to fully lease a 69,500 square feet building to a leading national airline catering company. The building is located at 240 Littlefield Avenue in South San Francisco. […]
In the wake of heightened U.S. regulatory pressure on foreign banks, The Royal Bank of Scotland Group plc ( RBS ) is set to eliminate more than 300 employees in its U.S. trading operations over the next 18 months. […]
InterMune, Inc. ( ITMN ) resubmitted its New Drug Application (NDA) for Esbriet (pirfenidone) in the U.S. […]
Kohlberg Kravis Roberts & Co. ( KKR ), deliberating over the acquisition of Singapore-based Goodpack Ltd for the last one year, has finally confirmed the deal. […]
On May 27, 2014, we issued an updated research report on the world’s leading money transfer company, Western Union Co . ( WU ). The company reported first-quarter 2014 operating earnings of 37 cents per share, a couple of pennies ahead of the Zacks Consensus Estimate but in line with the year-ago quarter number […]
TBWA Worldwide, a global advertising network of Omnicom Group, Inc ( OMC ), recently announced the acquisition of an independent German advertising agency- Heimat for an undisclosed amount. Post-acquisition, TBWA Worldwide will hold the majority stake in the company headed by its founding partners with the remaining stake owned by Heimat. Heimat enhances Omincom’s portfolio with its creative products as well as its long-term relationships with national and international brands. […]
On May 27, 2014, shares of Alleghany Corporation ( Y ) reached a 52-week high of $14.55. With about 0.05 million shares exchanging hands in the last trading session, the share price was $422.13 at the close. […]
Ford Automotive Finance (China), the Chinese subsidiary of Ford Motor Credit Company, a part of Ford Motor Co. ( F ), announced that it has completed the first asset-backed securitization (ABS) in the country. This ABS will assist in financing the company’s vehicle sales in the nation […]
Shares of Bank of America Corporation ( BAC ) rose 3.4% on Tuesday following the news of resubmission of its capital plan. Though this time around BofA has submitted a relatively smaller plan for approval, the development was positive enough to boost investors’ confidence in the stock. The resubmission followed the suspension of BofA’s 2014 capital plan owing to the discovery of an accounting error on Apr 28. […]
The Boeing Company ( BA ) continues with its systemic acquisition program. The company announced that it has acquired Dutch firm AerData Group B.V. (AerData”) for an undisclosed amount […]
On May 28, Zacks Investment Research upgraded Customers Bancorp, Inc. ( CUBI ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade […]
Electric and natural gas provider Xcel Energy Inc. ( XEL ) and solar cell manufacturer SunPower Corporation ( SPWR ) have decided to extend their ties by developing yet another solar photovoltaic (PV) plant in Colorado. Per the agreement, these companies will develop a 50-megawatt solar PV power plant in Colorado's San Luis Valley […]
In an attempt to revive its business amid shrinking demand for toys in the U.S., JAKKS Pacific, Inc. ( JAKK ) inked a long-term licensing agreement with California-based leading lifestyle footwear manufacturer, Skechers USA Inc. ( SKX ) […]
On May 27, 2014, shares of General Dynamics Corp. ( GD ) reached a new 52-week high of $116.48. Shares gained almost 49.4% in the past one-year period […]
Recently, Twitter ( TWTR ) inked a deal with Omnicom Media Group ( OMC ) valued at approximately $230.0 million. The deal will allow Omnicom to integrate its programmatic agency Accuen into mobile ad exchange MoPub, which Twitter acquired in Sep 2013. MoPub is an ad exchange that allows advertisers to buy mobile ads in real time […]
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