Month: June 2015

The fact that Brazil’s markets is passing through uncertain times is well known. But the extent of investor concerns was exemplified by Thursday’s spectacular decline, sparked off by a news report. Later, it was revealed that the facts were not entirely true, but the damage had been done […]

If you’ve heard a lot of buzz on solid state drives (SSDs) in recent months, you may be curious about what’s so special about them. After all, they do much the same thing as hard drives (HDDs) in terms of non volatile storage (i.e. boot up, and store applications and personal files). […]

Potash Corp. POT has confirmed that it has made a private proposal to Germany-based K+S Aktiengesellschaft to negotiate the acquisition of the latter by Potash Corp. […]

The Kroger Co. KR announced a 2 for 1 stock split yesterday at its annual shareholder meeting. The split is scheduled on or about Jul 13, 2015 for shareholders as of Jul 6. […]

For better promotion of its upcoming Internet TV service, Verizon Communications Inc. VZ has signed a multi-year content licensing agreement with Scripps Networks Interactive Inc. […]

Keurig Green Mountain Inc. GMCR recently unveiled its newest line of coffee – the Green Mountain Coffee Organic – slated to hit retail outlets this July. However, the new line of organic coffee is already available for sale on the official website of the company […]

BioMarin Pharmaceutical Inc. BMRN announced that its Marketing Authorisation Application (MAA) for pipeline candidate, drisapersen, has been validated by the European Medicines Agency (EMA). The company is looking to get drisapersen approved for the treatment of Duchenne muscular dystrophy (DMD) amenable to exon 51 skipping […]

The famous story of the race between a rabbit and a tortoise ends with the moral: "Slow and steady wins the race". Now, if we equate the rabbit with momentum and the tortoise with value and twist the tale a bit, we get a slightly different albeit an extremely relevant modern version. […]

Popular dating services provider The Match Group, a subsidiary of IAC/InterActiveCorp IACI , will be launching its IPO for the leading dating site Match.com and others. The IPO is expected to be completed by the fourth-quarter of this year. Per the announcement, The Match Group is likely to issue less than 20% of its common stock […]

Bristol-Myers Squibb Company BMY announced that it will expand its presence at the research site in Cambridge, MA along with an expansion in San Francisco. While the Cambridge site is expected to open in 2018, ongoing expansion at the San Francisco site is expected to be completed in 2016. Meanwhile, the company is set to close its Wallingford, CT and Waltham, MA sites in early 2018. […]

IAC/InterActiveCorp IACI recently announced that it will be spinning off its subsidiary The Match Group as a publicly traded company. The Match Group is a popular online dating service comprising sites like Match.com, Tinder, OKCupid and OurTime. Following the news, shares of IAC rose over 5% in yesterday’s trading session to close at $81.19 […]

While Greece may have taken down stock markets across the globe, there seems to be little impact on video game companies, thanks to the perpetuating positive impacts of the Electronic Entertainment Expo (E3) 2015. Most of the companies have shown an upward trend over the past week and we expect the momentum to continue as major releases take center stage in the second half of the year. Microsoft MSFT stole the limelight with its HoloLens gearing up for a space ride […]

Eli Lilly and Company LLY received encouraging news with the UK Court of Appeal ruling in favor of the company in its patent infringement lawsuit against Allergan AGN (previously known as Actavis) for its lung cancer drug, Alimta (pemetrexed disodium). Eli Lilly’s shares were up 3.1% following the announcement. […]

The largest defense contractor in the U.S., Lockheed Martin Corporation LMT won three contracts in a row on Jun 25, 2015, under its three different segments from the U.S. Department of Defense (DoD). The largest contract was clinched by the Aeronautics business for delivery of initial spares in support of low-rate initial production Lot 9 F-35 Lightning II aircraft for the Air Force, Navy, non-U.S. […]

Shares of Woodward, Inc. WWD hit a new 52-week high of $56.38 yesterday, eventually closing the session a tad lower at $56.10. […]

Aviation services provider Erickson Incorporated EAC announced that it has entered into a contract with Chilcott, Inc. to provide flight currency training for the Fuerza Aerea Uruguaya (FAU or Uruguayan Air Force) helicopter pilots. […]

The “third and final” data for real gross domestic product (GDP) has been released and it shows that the economy isn’t in such a bad shape as was perceived when the “second estimate” was declared by the Commerce Department. The final figure unveils that the economy did halt, contracting 0.2% in the first quarter of 2015, but fared better than the 0.7% decline projected earlier and the 2.1% fall witnessed in the first quarter of 2014. The positive revision in GDP numbers reflects better consumer spending (+2.1% vs. […]