Month: January 2015

Keryx Biopharmaceuticals Inc. ( KERX ) announced the pricing of its underwritten public offering of common stock worth $110 million. The company is looking to issue approximately 9.17 million shares of its common stock at a price of $12 per share. […]

Akron, OH based FirstEnergy Corporation ( FE ) through three of its subsidiaries has collectively invested approximately $1,078 million in 2014 to enhance the overall efficiency and reliability of its electric system. While FirstEnergy’s Toledo Edison spent $152 million in infrastructure upgrade programs, Ohio Edison and The Illuminating Company incurred $690 million and $263 million respectively for reliability programs in their service areas. Of the total amount disbursed for the strengthening of infrastructure, a total of $858 million was spent on transmission projects owned by FirstEnergy’s American Transmission Systems, Inc. […]

The world’s leading money transfer company, Western Union Co. ( WU ), has announced the expansion of its relationship with UAE Exchange, in an effort to strengthen its presence in the European region UAE Exchange foreign exchange brand trusted by millions of customers and partners, across the world. The news, however, failed to boost the share price.Shares lost about 0.5% in the last two trading sessions. […]

Rumor has it that search giant Google Inc. ( GOOGL ) is planning to sell wireless phone service directly to consumers in alliance with Sprint ( S ) and T-Mobile ( TMUS ) networks. […]

Celgene Corp. ( CELG ) inked a deal with Zymeworks Inc. […]

Looking back at this time last year, we recall a frigid economy thanks to a severe winter. Customers were locked indoors and the stock market fell like the temperatures outside. But just like spring can’t be far behind if winter comes, the economy too gradually became cheerful and is now ready to steer the wheel. […]

PG&E Corporation ( PCG ) announced that its regulated utility Pacific Gas and Electric Company (“PG&E”) has completed a system-wide replacement of old cast iron gas pipelines across northern and southern California on schedule. Pacific Gas and Electric Company in a major milestone replaced 874 miles of iron gas pipelines in its 70,000 square-mile service area by year-end 2014. The importance of natural gas has increased manifold over the past few decades […]

Arena Pharmaceuticals, Inc. ( ARNA ) announced that it will be selling 21 million shares in an underwritten public offering of common stock. The offering is expected to close on or about Jan 26, 2015 […]

Markets experienced another volatile week, plunging on Monday before gaining on all subsequent days. China’s stock market experienced its sharpest decline since Jun 2008 on Monday. The Shanghai Composite Index rebounded on Tuesday following better than expected GDP data […]

Pipeline updates are highly awaited events in the pharma/biotech sector as they play an important role in deciding whether or not to invest in a particular company. These updates provide information on experimental drugs and at times give an insight into the commercial potential of the candidate once it is successfully developed and commercialized. Earlier in the week, Merrimack Pharmaceuticals, Inc. […]

Microsoft Corporation ( MSFT ) took a giant step toward the release of Windows 10 as it revealed that it will be free for many current Windows users. Microsoft will offer Windows 10 upgrades to current Windows 7 and Windows 8 users completely free for the first year after its official release. At present, a Windows upgrade costs at least $119.99 […]

GATX Corporation ( GMT ), a leading railcar leasing company, performed encouragingly in the fourth quarter of 2014. The company reported earnings of $1.30 per share in the final quarter of 2014, representing a year over year increase of 14%. The Zacks Consensus Estimate for the quarter was $1.26 per share. […]

Tulsa, OK based Alliance Resource Partners LP ( ARLP ) is set to report fourth quarter 2014 results before the opening bell on Jan 28. Last quarter, it posted a 6.6% positive earnings surprise. […]

Union Pacific Corporation ( UNP ) reported fourth-quarter 2014 adjusted earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.51 and surging 27% over the year-ago earnings of $1.27 per share. Figures have adjusted in view of the two-for-one stock split effected by the company in 2014. […]

Moving against the broader industry trend, MarkWest Energy Partners LP ( MWE ) announced an increase in its quarterly distribution payout. The natural gas processor and distributor declared fourth-quarter 2014 payout of 90 cents per unit, up 4 cents or 4.7% year over year and 1 cent or 1.1% sequentially. […]