Month: May 2015

Canadian oil company, Cenovus Energy Inc. CVE announced that John Brannan, Executive Vice-President & Chief Operating Officer, will retire from his role in September. Brannan has served Cenovus and its predecessor companies for 14 years and has been responsible for all upstream projects and operations, centralized supply services, and health and safety functions for the past five years […]

Deutsche Bank AG DB is set to pay $55 million to U.S. Securities and Exchange Commission (SEC) to settle claims that it had hidden at least $1.5 billion in paper losses during the worldwide financial crisis. Per the SEC order, amid the global financial crisis, Deutsche Bank’s overvaluation of certain Leveraged Super Senior (LSS) trades led to misrepresentations in the bank’s financial statements for full-year 2008 and first-quarter 2009 […]

The Goldman Sachs Group, Inc. GS has set a target of $1 billion of renewable energy bond facility in a bid to ramp up investment in clean energy in Japan. […]

Steel Dynamics Inc. STLD declared that it intends to idle its Minnesota iron-making operations in Chisholm and Hoyt Lakes, MN, effective immediately. Management and the board of directors took the decision to idle the operations for an initial 24 months due to the continued fall in pig iron pricing […]

ManTech International Corporation MANT was selected by the U.S. Army Contracting Command, Aberdeen Proving Ground, for a task order potentially worth $16.2 million. Under this, the company is required to provide tactical communications software support to the U.S […]

United Rentals, Inc. URI is on track to further expand its specialty branch network with the addition of ten new branches, including eight in the U.S. and two in Canada, The company remains optimistic about the growth of specialty rental network in 2015. […]

Aegerion Pharmaceuticals, Inc. AEGR announced that an open-label, multi-center phase III study evaluating the efficacy and safety of Juxtapid for the treatment of homozygous familial hypercholesterolemia (HoFH) in Japanese patients has met the primary endpoint. […]

Alnylam Pharmaceuticals, Inc. ALNY announced that it has started a phase I study on its investigational RNAi therapeutic ALN-AS1 for the treatment of acute hepatic porphyrias including acute intermittent porphyria (AIP). […]

Samsung Group is set to merge two of its major subsidiaries in order to forge ahead with its restructuring plans. As per this deal, the de facto holding company – Cheil Industries – will take over the construction and engineering company – Samsung C&T. […]

Thoratec Corp. THOR recently announced that it has received a conditional approval from the Food and Drug Administration (FDA) for a U.S. IDE clinical trial to investigate the use of its HeartMate PHP product in the treatment of heart diseases […]

Ascena Retail Group Inc. ASNA is leaving no stone unturned with respect to its expansion strategy. […]

CACI International CACI recently announced that it has secured a $159 million contract to develop and implement the Integrated Personnel and Pay System-Army (IPPS-A) – a web-based system that will integrate soldier personnel and pay processes and data. This new contract will allow CACI International to expand its work in the business systems market. This new system, while ensuring that all soldiers are paid timely and accurately, is likely to reduce the dependence of the army on other multiple systems. […]

Fluor Corporation FLR , the provider of engineering, fabrication, construction and maintenance services on a global scale, recently conducted the project initiation ceremony of the latest carbon fiber plant of Hexcel Corporation HXL . The event was graced by presence of both the company’s executives and French government officials. […]

Apple Inc. AAPL shares plunged 2.2% in yesterday’s trading session, following a fire at its recently-acquired facility in Mesa, AZ. Incidentally, it occurred just a week after Apple had announced its plans to renovate the facility to a Global Command Center, powered entirely by green energy. […]

IAMGOLD Corporation IAG announced that a localized event (fall of ground) occurred at its Westwood mine in Quebec on May 26. The company reported that none of the employees were injured during the mishap and all were evacuated once the fallen ground material was removed. Gold production at the mine remained unaffected as Westwood had enough stockpiles and has progressed underground development to the extent that it has many operating underground stopes from which to mine. […]

3M Library Systems, part of diversified conglomerate 3M Company MMM , will soon introduce a redesigned web patron to facilitate the browsing experience of users who wish to go through the 3M Cloud Library collection. The strategic move is intended to provide readers with a powerful tool for browsing and discovering the library’s digital collection before downloading the 3M Cloud Library application. This new offering will enable users to manage their accounts, receive email notifications and customize favorite content categories. […]

Per latest market buzz, Microsoft MSFT is the frontrunner in acquiring the Canadian handset manufacturer, BlackBerry Limited BBRY . Also, a few days back, rumors about Apple AAPL planning to acquire Blackberry were making the rounds. […]

Hormel Foods Corporation HRL recently declared that it has entered into a definitive agreement to acquire Applegate Farms, LLC (Applegate) for $775 million. Presently subject to customary closing conditions, the deal is anticipated to close within the next 60 days. […]

In a bid to solidify its position in the emerging economies, SunEdison Inc. SUNE has signed an agreement with South African power producer, BioTherm Energy, to buy a 60% stake in the latter’s 48.5 megawatt (MW) clean-energy capacity in South Africa, according to Bloomberg. Reportedly, the deal will be completed after it is reviewed by the country’s energy department. […]