Month: January 2015

The biotech sector continues to witness mergers and acquisitions. Earlier this week, Biogen Idec ( BIIB ) announced its intention to acquire U.K.-based Convergence Pharmaceuticals, a clinical stage biopharmaceutical company with a focus on developing treatments for neuropathic pain. The Lead Candidate – CNV1014802 Once the acquisition goes through, Biogen will gain access to Convergence’s lead candidate, CNV1014802, which is in phase II development […]

Virgin America Inc. ( VA ) witnessed a significant increase in air traffic in the month of December. […]

On Monday, DDR Corp. ( DDR ), the Beachwood, OH-based retail real estate investment trust (“REIT”), priced $500 million of senior unsecured notes in an underwritten public offering. […]

Discount retailer Fred’s Inc. ( FRED ) recently appointed Michael K. Bloom as its new President and Chief Operating Officer (COO). […]

Ecolab Inc. ( ECL ) has announced the pricing of its underwritten public offering of senior notes worth $600 million. The offering, subject to customary closing conditions, is expected to close on Jan 15, 2015 […]

A little over a week remains for the final call on the fate of the pending deal between Family Dollar Stores Inc. ( FDO ) and Dollar Tree, Inc. ( DLTR ), and the former is trying all means to convince its shareholders to favor the transaction […]

Real estate services firm CBRE Group Inc. ( CBG ) revealed that it has amended and restated its senior secured credit agreement so as to refinance the existing credit facilities. The move allowed the company to enhance its financial flexibility and leverage the current low rate environment. […]

Affymetrix Inc ( AFFX ) recently announced preliminary revenue expectation for the fourth quarter of 2014. The company’s estimated revenues of $93 million compare favorably with the Zacks Consensus Estimate of $89 million. For full-year 2014, Affymetrix expects revenues to increase 9% to $348 million, slightly better than the company’s earlier guidance of $345 million. […]

Twitter ( TWTR ) might find it difficult to compete with Facebook ( FB ) as an advertising platform, but it is definitely discovering newer ways to increase its ad revenues. Reportedly, the company is now planning to sell ad space on Twitter feeds placed on other websites or apps. […]

China-based Trina Solar Limited ( TSL ) declared that its 90-megawatt (“MW”) solar power plant in Toksun, Xinjiang province in China has been connected to the grid and is ready to commence operations. The 90-MW solar power plant will be able to generate about 118 million kilowatt hours of electricity annually. […]

On Jan 13, Zacks Investment Research upgraded Quest Diagnostics Inc. ( DGX ) to a Zacks Rank #1 (Strong Buy). […]

Is Zumiez, Inc. ( ZUMZ ) part of your portfolio? If not, then this is the right time to add the stock as it looks very promising. […]

Apple Inc. ( AAPL ) recently opened a store in Zhengzhou, the capital city of the Henan province in central China. We believe that this new store in downtown Zhengzhou is an important step for the company in China as the city also happens to be the base of Foxconn, an Apple production facility and its main supplier […]

Aegerion Pharmaceuticals, Inc. ( AEGR ) announced preliminary 2014 net product sales estimates and provided an outlook for 2015. The information was presented at the Annual J.P […]

Shares of Wolverine World Wide Inc. ( WWW ) fell 7% in the after-market trading yesterday after the company gave a conservative guidance for fiscal 2015. Alongside, the company furnished its preliminary results for fiscal 2014 […]

Adhering to conditions laid under new Russian regulations, MasterCard Inc. ( MA ) has agreed to go through the Central Bank of Russia for processing its cards within the region. Last year, all card giants, including Visa Inc […]