It is a common practice of small pharma companies to enter into agreements with larger pharma companies for the development and commercialization of products. Such deals fetch milestone payments and royalties for the smaller pharma companies. Earlier this week, Adamas Pharmaceuticals, Inc […]
The U.S. Food and Drug Administration (FDA) grants Breakthrough Therapy designation to candidates that show potential superiority over existing therapies for the treatment of serious or life threatening diseases or conditions. The Breakthrough Therapy designation is a status provided under the 2012 FDA Safety and Innovation Act […]
Global marketing and corporate communications company Omnicom Group Inc. ( OMC ) recently increased its quarterly dividend rate by 25%. The company will now pay a quarterly dividend of 50 cents against 40 cents earlier […]
The annual study commissioned by British advertising and public relations company WPP and carried out by Millward Brown Optimor indicates that Google ( GOOGL ) has overtaken Apple ( AAPL ) as the world’s most valuable brand. Google’s year of innovation included Google Glass, investments in artificial intelligence and broader application of Android across new platforms like automobiles. […]
Seeking expansion in Fort Lauderdale-Hollywood International Airport, JetBlue Airways Corporation ( JBLU ) introduces two new non-stop flights to Cartagena, DC and Las Vegas, NV. The two flights will begin operations on Oct 29, 2014. […]
As part of its ongoing restructuring initiatives, The Bank of New York Mellon Corporation ( BK ) inked an agreement to vend off its One Wall Street headquarter building to a group led by Macklowe Properties, a New York-based real estate developer. The deal, valued at $585 million, is expected to close in third-quarter 2014. […]
SanDisk Corp. ( SNDK ) is well set on the growth trajectory, gathering momentum from its positive earnings surprise history and strong fundamentals. Shares of this flash memory storage provider have been rising since the company released its first quarter fiscal 2014 results on Apr 16, 2014. […]
ArcelorMittal ( MT ), through its subsidiary ArcelorMittal Energy Ostrava, has signed a contract with Finland’s Valmet to install a fluidized bed boiler worth $47 million, which will replace four coal-fired boilers. The new boiler will help to reduce emissions of sulphur dioxide, nitrogen oxides and dust. […]
Hibbett Sports, Inc. ( HIBB ), the operator of sporting goods stores, is slated to report its first-quarter fiscal 2015 results before the market opens on May 23, 2014. In the last quarter, it posted a negative surprise of 7.25%. […]
The Goldman Sachs Group, Inc. ( GS ) has agreed to sell its operating rights as a designated market-maker in the New York Stock Exchange (NYSE) to IMC Financial Markets, according to a report by The Wall Street Journal . However, Goldman, which joined NYSE in 1896, will continue to serve as a brokerage firm for the NYSE-listed stocks […]
In keeping with its store expansion strategy, Nordstrom Inc. ( JWN ) plans to open a new Nordstrom Rack store in Buffalo, NY. The 35,000 square-feet store, slated to open in the fall of 2015, will mark the company’s first store in Western New York. […]
After being plagued by chicken issues for quite some time now, Yum! Brands, Inc. ( YUM ) has been continuously trying to improve brand recognition and boosting its business. […]
Williams-Sonoma, Inc. ( WSM ), a well-known specialty retailer of home products, reported adjusted earnings (excluding one-time items) of 48 cents per share in the first quarter of 2014, beating the Zacks Consensus Estimate of 44 cents per share by 9.09%, owing to better-than-expected sales. […]
Global crude steel production rose for a third straight month in April on higher output from China – the world's biggest steel producer – according to a World Steel Association (“WSA”) report. Gains in the European Union, thanks to a recovery in steel demand in the region, coupled with a strong rise in the Middle East also contributed to the growth. […]
On Wednesday, Terreno Realty Corp. ( TRNO ), the San Francisco, CA-based real estate investment trust (REIT), announced its plan to sell 6.5 million common shares in an underwritten public offering. […]
Electronic Arts’ ( EA ) first person shooter game Titanfall topped the video-game sales list in April, per NPD data. The game’s availability on Microsoft ’s ( MSFT ) Xbox 360 in March helped it to retain the #1 position for the second consecutive month. Overall, video game retail sales (software, hardware and accessories) increased 17.0% from the year-ago month to $580.3 million, driven by continued strong hardware sales that surged 76.0% to $192.8 million. […]
The board of directors of Northrop Grumman Corp. ( NOC ) boosted its annual dividend by 15.0%, marking the 11th consecutive annual increase. The company has increased the quarterly dividend to 70 cents per share from 61 cents per share, bringing the annualized payout to $2.80 per share […]
On May 21, 2014, shares of The Travelers Companies, Inc . ( TRV ) crafted a new all-time 52-week high of $93.34. With about 1.7 million shares exchanging hands in the last trading session, the share price moved up 0.21% to close at $92.86 yesterday. […]
Shares of Aon Plc ( AON ) rose 0.8% to $87.73 over a single trading session after receiving ratings from Moody’s Investors Service, the credit rating wing of Moody’s Corporation ( MCO ) on May 20, 2014. Moody’s provided the $250 million and $550 million senior unsecured notes of Aon with a “Baa2” rating. The rating carries a stable outlook […]
Amid increased regulatory scrutiny of electronic trading and potential conflict of interests, Bank of America Corporation ( BAC ) has decided to close its electronic market making unit. The news was first reported by Bloomberg. […]
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