Month: May 2015

In line with its cost-cutting initiatives, Canadian handset manufacturer BlackBerry Limited BBRY recently announced its decision to retrench workers on a worldwide scale. However, the number of employees to be laid off has not been disclosed. A persistent decline in smartphone sales coupled with wide losses have compelled the company to plan job cuts on a wide scale. […]

Updates on the regulatory front are eagerly awaited by investors in the pharma/biotech sector as they impact the share price of the concerned company. Regulatory updates include events like filing of marketing applications for a candidate or applications for updating product information, acceptance of these applications for review by the regulatory agencies, reviews by advisory panels and finally, a response from the regulatory agency regarding the approval status. Late last week, Merck KGaA ’s MKGAF biopharmaceutical business, Merck Serono, announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency granted a positive opinion on an update to the product information for Kuvan […]

Actavis plc ACT will have to continue selling Namenda IR following a decision by a panel of the U.S. Court of Appeals for the Second Circuit which upheld a Dec 15, 2014 preliminary injunction regarding the continued distribution of Namenda IR. Namenda IR, approved for the treatment of moderate to severe dementia of the Alzheimer's type, is scheduled to face generics from mid-July […]

Streamlining moves continue at Citigroup Inc. C . This time, the New York based banking giant is set to sell its margin foreign exchange business to U.S. […]

Offshore contract driller SeaDrill Limited SDRL is set to release first-quarter 2015 results before the opening bell on May 28. SeaDrill reported mixed numbers in terms of earnings in the past few quarters. The company surpassed the Zacks Consensus Estimate in two of the trailing four quarters, while missed the same in the other two, with an average positive surprise of 0.57% […]

Genesco Inc. GCO is expected to report first-quarter fiscal 2016 results on May 29. In the last quarter, the company had delivered a negative earnings surprise of 4.2%. […]

UTC Aerospace Systems, an operating unit of United Technologies Corporation UTX) , provided systems and components for Sikorsky aircraft S-97 RAIDER, which recently marked its first flight at Sikorsky's West Palm Beach facility. The supplied engine systems by UTC Aerospace Systems include flight control computer, cockpit interface unit, vibration control unit, propeller systems, navigation lights and many other components which enhance the aircraft operations. These new components and systems offer enhanced safety and improve efficiency by delivering new technologies in the areas of speed and intelligence, thereby boosting the safety and reliability of aircrafts. […]

Pacific Sunwear of California Inc. PSUN , a sports and fashion retailer, is slated to report its first-quarter fiscal 2015 earnings on May 28, 2015. In the previous quarter, the company delivered a positive earnings surprise of 9.1% […]

JA Solar Holdings Co., Ltd. JASO has teamed up with Essel Infraprojects Limited ("EIL") for setting up a solar cell and module manufacturing joint venture (“JV”) unit in India. The two companies signed a memorandum of understanding (“MoU”) on May 16 at the India-China Business Forum in Shanghai, which was part of India’s Prime Minister Narendra Modi's China visit […]