Month: January 2015

Sysco Corporation ( SYY ) has recently launched a dual-language microsite "Sobremesa" (www.sysco.com/sobremesa) to better serve the Hispanic population, the fastest-growing ethnic population in the U.S. Sobremesa is a Spanish term and describes the essential time spent after a meal conversing with family and friends. […]

Becker Professional Education, a subsidiary of DeVry Education Group Inc. ( DV ) recently updated its CPA Exam Review course and products. Designed by a team of about 100 curriculum and subject matter experts, the new CPA Exam Review course includes more multiple-choice questions and simulations, new lectures and flashcards […]

NCI Building Systems Inc. ( NCS ) announced that it intends to launch private offering of $250 million worth of Senior Notes due 2023 to finance the acquisition of all of the general partnership interests of CENTRIA, inclusive of repayment of third party debt of CENTRIA and subject to working capital adjustment, and to pay fees and expenses associated with the acquisition. On Nov 10, 2014, NCI Building entered in an agreement to acquire Pittsburgh-based CENTRIA for approximately $245 million […]

The pharma sector has been pretty active on the acquisition front over the last few years with several companies looking to boost their pipelines and product offerings in the face of generic competition. Earlier this week, Pfizer Inc. ( PFE ) announced that it has acquired a controlling interest in Redvax Gmbh, a spin-off from Swiss biopharma company Redbiotec AG […]

In an effort to expand its LTE network, T-Mobile US, Inc. ( TMUS ) – the fourth largest wireless carrier in the U.S. – has decided to experiment with a new technology platform, which will have both licensed and unlicensed spectrum. […]

Solar photovoltaic (“PV”) module manufacturer Trina Solar Limited ( TSL ) has announced the completion of its sale of a 13.2 megawatt (“MW”) solar power project to funds managed by Foresight Group LLP in Dorset, UK. This Homeland Solar Farm employs 52,000 high quality and durable TSM-255-PC05A modules from Trina Solar. […]

Musculoskeletal implant manufacturer, Globus Medical Inc. ( GMED ) recently announced preliminary sales result for the fourth quarter and full-year 2014. The company is expected to announce its financial and operating results for the quarter in late February […]

The Boeing Company ( BA ) once again reported industry record deliveries in 2014, retaining its position as the world’s biggest airplane maker. The aerospace major reported all-time high jet deliveries for 2014, beating its own projection, driven by strong commercial numbers. The heightened deliveries were also a function of an increased production rate […]

In order to enhance its digital portfolio and unleash greater advertising revenue opportunities, Meredith Corporation ( MDP ) has acquired New York-based digital advertising company Selectable Media for an undisclosed amount. Selectable Media specializes in providing native advertising solutions as well as making available the necessary support to access advertising content in way that best suits its customers. This enables better engagement of audiences and also expands the marketer’s ability to reach customers, as the content is available across multiple platforms, including desktops, tablets and smart phones […]

Gilead Sciences, Inc. ( GILD ) announced that it has entered into an agreement with privately held, Germany-based company, Phenex Pharmaceuticals. As per the terms of the agreement, Gilead will acquire Phenex’s farnesoid X receptor (FXR) program comprising small molecule FXR agonists for the treatment of liver diseases including nonalcoholic steatohepatitis (NASH) […]

Zacks Investment Research downgraded Koppers Holdings Inc. ( KOP ) to a Zacks Rank #5 (Strong Sell) on Jan 6, 2015. […]

Apple Inc. ’s ( AAPL ) recently acquired company — Beats Electronics LLC — has been sued by Audio-equipment maker, Monster LLC. Beats Electronics’ co-founders Jimmy Iovine and Dr […]

Canadian Solar Inc. ( CSIQ ) sold a 10 megawatt (“MW”) power plant in Beavertown, Ontario, to an affiliate of BluEarth Renewables Inc., a private independent renewable power producer. […]

Celsion Corporation ( CLSN ) announced that it has submitted a phase I study protocol for GEN-1, its DNA-based immunotherapy for the localized treatment of cancer, to the FDA for a 30-day review and comment period. The protocol was designed to find a safe and tolerable dose of GEN-1 in newly diagnosed ovarian cancer patients. These patients will be undergoing neoadjuvant chemotherapy. […]

Zhejiang JinkoSolar Co., Ltd., a subsidiary of JinkoSolar Holding Co., Ltd. ( JKS ), inked an agreement to obtain a working capital loan from China Development Bank. Per the agreement, the company will get a $90-million loan for a tenure of one year […]

Actavis plc ( ACT ) confirmed that the U.S. Court of Appeals for the Second Circuit has granted the company’s motion to expedite its appeal of a lower court ruling in Dec 2014, whereby Actavis was required to continue distribution of Namenda immediate-release (IR) tablets. The company had asked the court to hear the case on an accelerated basis so that a final decision is reached by Feb 16, 2015. […]

U.S. Steel ( X ) is also feeling the heat of plummeting oil prices as the steel giant said yesterday that it is temporarily shutting down a couple of tubular steel facilities, laying off more than 750 workers. The move represents another good example how the oil meltdown has affected industries and businesses beyond the energy space […]