Stock Analysts

Abraxane Label Expansion Lifts Celgene

Celgene Corporation ( CELG ) received encouraging news from Europe when the EC cleared its cancer drug, Abraxane, for an additional indication. Abraxane was approved by the EC as a first-line therapy in patients suffering from metastatic adenocarcinoma of the pancreas in combination with Eli Lilly and Company ’s ( LLY ) Gemzar. The positive news on Abraxane impacted the stock positively. […]

Stock Analysts

Commercial Metals Beats Q1 Earnings, Misses on Revs

Commercial Metals Company ( CMC ) reported earnings of 39 cents per share in the first quarter of fiscal 2014 (ended Nov 30, 2013), a 7% decline from 42 cents per share recorded a year ago. After adjusting after-tax gains of $15.5 million (13 cents per share) related to the sale of Howell Metal Company and an after-tax LIFO expense of $2.8 million (2 cents per share), earnings were 28 cents per share, outpacing the Zacks Consensus Estimate of 21 cents. […]

Economic Data

Adding to the Optimism – Ahead of Wall Street

Wednesday, January 8, 2014 This morning’s positive ADP jobs report confirms the recent run of favorable economic readings and will add to optimism about Friday’s government jobs report. Also on tap for release later this afternoon is minutes of the Fed’s last meeting, where it made the Taper decision. Economic data in the run up to and since the Fed announcement has broadly been confirmatory of the Taper call. […]

Mergers & Acquisitions

Infinity Cross Border Acquisition Corporation and Glori Energy Inc. to Merge in $185 Million Transaction

Infinity Cross Border Acquisition Corporation and Glori Energy Inc. to Merge in $185 Million Transaction PR Newswire HOUSTON, Dallas and TEL AVIV, Israel, January 8, 2014 HOUSTON , Dallas and TEL AVIV, Israel , January 8, 2014 /PRNewswire/ — Infinity Cross Border Acquisition Corporation (Nasdaq: INXB) (“Infinity”), a special purpose acquisition company, and Glori Energy Inc. (“Glori”), an oil technology company that deploys its proprietary AERO™ System to significantly increase oil production from mature oil fields, announced today that they have entered into a merger and share exchange agreement (“Merger Agreement”) whereby Glori will become a publicly listed company through a merger with Infinity, in a transaction valued at approximately $185 million […]

Mergers & Acquisitions

Wayin Acquires Comenta TV

Wayin Acquires Comenta TV Transaction Brings Together Platforms for Leveraging Social Data On All Screens – Expands Business Footprint Across 11 Countries and 12 Industries PR Newswire DENVER and BUENOS AIRES, Argentina, Jan. 8, 2014 DENVER and BUENOS AIRES, Argentina , Jan. 8, 2014 /PRNewswire/ — Wayin, the platform for leveraging social media across all consumer channels, today announced the acquisition of Comenta TV, the leading analytics and engagement platform for TV shows and live events in South America […]

Mergers & Acquisitions

Cristina Panella joins Grupo Attitude

Cristina Panella joins Grupo Attitude Intelligence and knowledge technology company is the newest member of a leading communications multinational. Founding partner Cristina Panella moves to Grupo Attitude holding company where she will occupy the position of Innovation, Marketing and Quality Officer PR Newswire SAO PAULO, Jan. 8, 2014 SAO PAULO , Jan. […]

Stock Analysts

Thoratec Poised at Neutral

On Jan 6, we maintained our Neutral recommendation on Thoratec Corp. ( THOR ). We are impressed with Thoratec's last quarterly results, where both earnings and revenues surpassed the Zacks Consensus Estimates […]