Great news came in The Medicines Company ’s ( MDCO ) way when the FDA approved the company’s antibiotic Orbactiv. Orbactiv was approved in the U.S. for the treatment of adults suffering from acute bacterial skin and skin structure infections (ABSSSIs) caused by susceptible designated gram-positive bacteria including methicillin-resistant staphylococcus aureus (MRSA). […]
Leading semiconductor solutions provider Broadcom Corp.'s ( BRCM ) Wireless Internet Connectivity for Embedded Devices (WICED) Wi-Fi technology has been selected by American Science and Engineering, Inc. ( ASEI , or "AS&E") as the connectivity component for its revolutionary Z Backscatter imaging system. Broadcom WICED Technology will provide support for AS&E MINI Z On-the-Go Threat Detection System […]
In a bid to continue reframing its business model, Acxiom Corporation ( ACXM ) inked a definitive multi-year database contract with global property & casualty insurer, ACE Group, a unit of ACE Limited ( ACE ). The global agreement covers numerous countries, with preliminary developments planned in Mexico, Brazil, Thailand, Italy and Turkey. […]
Much to the delight of investors, Bank of America Corporation ( BAC ) has increased the quarterly common stock dividend from 1 cent per share to 5 cents. The new dividend will be paid on Sep 26 to shareholders of records as of Sep 5. […]
Annaly Capital Management Inc. ( NLY ) – the mortgage real estate investment trust (mREIT) – reported second-quarter 2014 core earnings of 30 cents per share, beating the Zacks Consensus Estimate by 4 cents. The results also came in above the prior-quarter core earnings of 23 cents per share and the year-ago figure of 29 cents per share […]
NRG Energy, Inc. ( NRG ) reported second-quarter 2014 adjusted loss of 30 cents per share as against the Zacks Consensus Estimate of earnings of 13 cents per share. The company posted earnings of 37 cents per share in the prior-year quarter. […]
The Dow Chemical Company ( DOW ) announced that it its unit Dow Solar will expand its revolutionary solar roofing system – POWERHOUSE Solar Shingle – to Delaware and Hawaii. Both states are smaller with respect to population and geography and rank among the top 10 states in the solar industry. […]
Publishing giant News Corp ( NWSA ), and Media giant CBS Corp ( CBS ) reported earnings after the bell today. Both posted mixed results. News Corp posted an EPS of $0.01 below the Zacks Consensus Earnings Estimate of $0.04, and well below the $0.48 EPS a year ago. […]
President Vladimir Putin is not happy with the recent sanctions by the U.S. and their European counterparts. […]
Europe’s largest oil company Royal Dutch Shell plc ( RDS.A ) announced that its subsidiary has commenced operations of a project in Nigeria to produce and sell oil, providing a new source of energy and economic benefits. Operated by Shell Nigeria Exploration and Production Co. Ltd […]
Littlejohn & Co. Announces Agreement to Sell Clean Earth to Compass Diversified Holdings PR Newswire GREENWICH, Conn., Aug. 7, 2014 GREENWICH, Conn […]
Acquisition of Peoples Federal Bancshares, Inc. by Independent Bank Corp. May Not Be in Shareholders’ Best Interests PR Newswire SAN DIEGO and BRIGHTON, Mass., Aug. […]
Saxco International, a Portfolio Company of The Sterling Group, Acquires Square Peg Packaging and Printing, LLC PR Newswire HOUSTON, Aug. 7, 2014 HOUSTON , Aug. 7, 2014 /PRNewswire/ — The Sterling Group, a middle market private equity firm based in Houston, Texas , announced that its portfolio company, Saxco International has completed the acquisition of Square Peg Packaging and Printing, LLC […]
Duke Energy Corp. ( DUK ) reported adjusted second quarter 2014 earnings of $1.11 per share that came in ahead of the Zacks Consensus Estimate of $1.00 by 11%. Quarterly earnings also increased 27.6% from the year-ago figure of 87 cents […]
U.S. District Judge Otis Wright II accepted the bid filed by JPMorgan Chase & Co. ( JPM ) regarding the dismissal of a lawsuit charged against the bank by the city of Los Angeles. […]
Private equity firm and global asset manager, American Capital, Ltd. ( ACAS ) reported second-quarter 2014 net operating income per share of 9 cents, significantly lagging the Zacks Consensus Estimate of 20 cents. Moreover, results compared unfavorably with the prior-quarter earnings of 16 cents. […]
General Motors Company ( GM ) and its joint ventures witnessed a 12.7% year-over-year increase in sales in China to 249,734 units in Jul 2014. The sales were a record high for the month of July. […]
Banks have failed to convince the Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve regarding their respective ‘Living Wills’, a measure to prove that they could be easily be wound down in case of collapse. Both the regulatory agencies deemed the living wills of the banks inadequate, after reviewing their plans submitted in 2013 […]
Natural Resource Partners L.P. ( NRP ) reported second quarter 2014 earnings of 33 cents per unit, down 10.8% year over year. Earnings surpassed the Zacks Consensus Estimate of 30 cents by 10%. […]
On Aug 17, 2014, we issued an updated research report on Thermo Fisher Scientific Inc. ( TMO ) – scientific instrument maker and a world leader in serving science. […]
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