Lincoln International Advises Kinematics Manufacturing Inc. in Growth Equity Investment by Angeleno Group PR Newswire CHICAGO, May 28, 2014 CHICAGO , May 28, 2014 /PRNewswire/ — Lincoln International (” Lincoln “), a leading global mid-market investment bank, is pleased to announce that Kinematics Manufacturing, Inc. […]
Bristol-Myers Squibb Company ( BMY ) entered into a strategic global research collaboration and license deal with biotech company, CytomX Therapeutics, for the discovery, development and commercialization of new drugs against multiple immuno-oncology targets with the help of the latter’s Probody platform. Probodies (monoclonalantibodies) are activated only in the cancer microenvironment and spare healthy tissue. Bristol-Myers will have exclusive rights to develop and commercialize Probodies for up to four cancer targets […]
Shares rose 1.5% after market close on May 23, 2014, the day after The Fresh Market, Inc . ( TFM ) turned around after posting poor results in the second half of fiscal 2013. […]
Abercrombie & Fitch Co. ( ANF ), the casual apparel retailer, is slated to report its first-quarter fiscal 2014 results before the opening bell on May 29. In the previous quarter, Abercrombie & Fitch recorded a positive earnings surprise of 28.9% […]
Michael Kors Holdings Ltd. ( KORS ) continues its fabulous run as the company came up with yet another stellar quarterly performance. The company’s fourth-quarter fiscal 2014 earnings per share of 78 cents came way ahead of the Zacks Consensus Estimate of 68 cents per share while rising 56.0% year over year […]
At the Deutsche Bank 2014 Global Financial Services Investor Conference on Tuesday, Citigroup Inc. ( C ) came up with its latest outlook. […]
Major biotech stories last week included Isis Pharma’s ( ISIS ) mid-stage data on its experimental anti-coagulant, a positive opinion for PTC Therapeutics ( PTCT ) and a billion dollar plus deal for Ophthotech ( OPHT ). Other updates included the usual regulatory and pipeline events. Isis’s Pipeline Success Story Continues: Isis’ shares were up 7.54% on positive top-line data from a mid-stage study on its experimental anti-coagulant, ISIS-FXIRx […]
In order to strengthen its focus on high-barriers-to-entry affluent markets around the world, Health Care REIT Inc. ( HCN ) stated its projected acquisition pipeline of around $414 million of seniors housing and medical office assets for second-quarter 2014. This is based on the acquisition completions and deals inked so far […]
Sigma-Aldrich ( SIAL ) reached a new 52-week high of $98.18 on May 27, eclipsing its previous high of $98.04. The stock retraced a bit to end the trading session at $98.01 on that day. […]
On May 27, 2014, the shares of Chesapeake Utilities Corporation ( CPK ) hit a 52-week high of $66.48. Finally, the share price was closed at $65.88, up around 1.3% from Friday’s closing. The company’s strong cash position backed by efficient cash generation capacity, steady organic as well as inorganic growth initiatives and positive outcomes from those ventures has led to the surge in share price. […]
App Annie Acquires Distimo and Raises New Investment Round Acquisition and funding helps App Annie further advance the #1 mobile app analytics and market data platform PR Newswire SAN FRANCISCO and AMSTERDAM, May 28, 2014 SAN FRANCISCO and AMSTERDAM , May 28, 2014 /PRNewswire/ — App Annie, the leading provider of app analytics and market data, today announced it has both acquired Distimo, a mobile analytics company, and raised a new $17 million round of funding. The addition of Distimo to the App Annie team brings together the best brains in the mobile app data space, helping App Annie to accelerate its product roadmap and keep developing the most advanced platform for analyzing the mobile app ecosystem. This is App Annie’s first acquisition and was made with a combination of cash and equity at undisclosed terms. […]
Pinkston Group Acquires Burst Creative, Launches Pinkston Digital Unique marriage of earned and owned media services provides clients with richer, more productive content across strategic communications platforms PR Newswire ALEXANDRIA, Va., May 28, 2014 ALEXANDRIA, Va. , May 28, 2014 /PRNewswire/ — The Pinkston Group, a national public relations firm based in the Washington, D.C. […]
General Electric Company ( GE ) and WIBAX Energy AB a Swedish company, part of the WIBAX Group, recently formed a strategic alliance for distribution of water treatment products in the Nordic region for an undisclosed amount. This distribution agreement will cover various regions of Denmark, Sweden, Norway and Finland. […]
Last week most of the defense companies recovered from a poor showing in the prior week. Although budget issues will continue to plague these stocks for some time to come, defense biggies successfully won small contracts to keep their order books ticking. […]
Mexico is on the cards for industrial real estate investment trust, Prologis, Inc. ( PLD ). After disclosing its sole sponsorship of FIBRA Prologis last week, the company has now announced a build-to-suit deal for a 500,000 square foot distribution center in Monterrey, Mexico. […]
U.S. stocks are indicated to open on a positive note, but the market will likely find it difficult to sustain the positive momentum of the last few sessions that has pushed it to record levels. There is not much on the U.S. […]
On May 23, 2014, we issued an updated research report on Universal Technical Institute, Inc. ( UTI ). On Apr 29, this leading provider of post-secondary education reported a wider-than-expected adjusted loss in the second quarter of fiscal 2014 […]
On May 27, shares of Aetna Inc. ( AET ) hit a new 52-week high of $77.68 per share. The momentum in the share price was propelled by the company’s solid first quarter earnings following which it raised its 2014 earnings guidance. […]
On May 26, offshore drilling firm SeaDrill Ltd . ( SDRL ) announced that its majority owned subsidiary, North Atlantic Drilling Ltd. […]
British oil giant, BP plc ( BP ) has inked a Heads of Agreement with Russian state oil company OAO Rosneft related to the joint development of the Domanik shale formations in Central Russia’s Volga-Urals region. The joint venture to be formed by the two companies will be incorporated in Russia. […]
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