Ashland Inc. ASH said that it has entered into a new credit agreement with a number of banks that provides for a five-year senior unsecured revolving credit facility in an aggregate amount of $1.2 billion. This includes a $250 million letter of credit sublimit and a $100 million swing line loan sublimit, and a five-year senior unsecured term loan facility in an aggregate principal amount of $1.1 billion. […]
Agios Pharmaceuticals, Inc. AGIO announced that it has dosed the first patient in a phase I, multi-center, open-label, dose-escalation and expansion study on single agent AG-881, a second generation IDH inhibitor. The study will evaluate the safety, clinical activity, pharmacokinetics and pharmacodynamics of the candidate in patients with advanced solid tumors with an IDH mutation. […]
CMS Energy Corp. CMS announced that its principal subsidiary, Consumers Energy, has made plans to start a new community solar program called Solar Gardens. It will develop renewable energy sources with help from Michigan residents. […]
Last week was pretty eventful for the telecom sector as many important events grabbed headlines. Notable among the many developments is T-Mobile US Inc. ’s TMUS strategy to keep pressure on Federal Communications Commission (FCC) so that the regulator refrained from permitting telecom behemoths AT&T Inc […]
GlaxoSmithKline plc GSK and Pfizer PFE both received an expanded recommendation from the U.S. Centers for Disease Control Advisory Committee on Immunization Practices (ACIP) for their meningococcal group B vaccines, Bexsero and Trumenba, respectively. However, the committee’s opinion fell short of recommending a routine use of the vaccines in patients, thereby leaving the decision to vaccinate against meningococcal group B to qualified health care professionals, following an individual patient risk assessment […]
Energy holding company, NiSource Inc. ’s NI subsidiary, Columbia Pipeline Group, Inc. […]
Ontario Teachers’ to expand ownership of BluEarth Renewables PR Newswire TORONTO, June 25, 2015 TORONTO , June 25, 2015 /PRNewswire/ – Ontario Teachers’ Pension Plan (Teachers’) today announced the acquisition of the outstanding shares of BluEarth Renewables Inc. (BluEarth) owned by ARC Energy Fund 6, advised by ARC Financial Corp. (ARC), and minority shareholders, with BluEarth management and employees maintaining an ownership stake. […]
Premium industrial goods company Emerson Electric Co. EMR continues to drive commercial growth on the back of strategic innovations. Recently, the company’s Process Management business unit announced that its Rosemount 8800 Vortex Flowmeters and Micro Motion Coriolis has secured the certification of B31.3 Process Piping design standard as well as American Society of Mechanical Engineers (‘ASME’) B31.1 Power Piping design standard. […]
Shares of Lafayette-based Home Bancorp, Inc. HBCP hit a new 52-week high of $25.41 on Jun 24. […]
Following Anthem Inc.’s ANTM proposal to a acquire Cigna Corp. CI , rating agency A.M. Best undertook a rating action on Cigna […]
On Jun 25, 2015, we issued updated research report on Alliance Data Systems Corporation ADS . Alliance Data boasts an impressive inorganic growth story with prudent acquisition that it has made over the last several years. […]
On Jun 24, 2015, shares of American Financial Group Inc. AFG scaled a new 52-week high of $66.72 on the back of the latest divestiture announcement. American Financial’s one-year return of 10.75% was significantly higher than that of the S&P 500’s return of 7.41% […]
The escalating wealth profile in Asia has attracted a number of global banks to expand their business in the region in recent times. Sensing huge opportunities, Citigroup Inc. C , intends to double the number of wealth-management clients in Asia over the next five years to 1 million […]
[marketwatch 85B114BB-72A1-480A-A0B8-4BE96952072A] High Court Decision on Health Care Prevented Domino Effect […]
[marketwatch 85B114BB-72A1-480A-A0B8-4BE96952072A] SCOTUS Decision on Health Care Prevented Domino Effect […]
We issued an updated research report on Stanley Black & Decker, Inc. SWK on Jun 24, 2015. […]
Premium consumer goods company Koninklijke Philips N.V PHG recently equipped the healthcare sector with ‘Lumify’, its new App-Based Ultrasound device. The product’s cloud-enabled system and tablet technology would offer greater mobility, connectivity and flexibility during any ultrasound process. […]
Transition Therapeutics Inc. ’s TTHI shares plunged 74.1% immediately after the company reported that one of its lead pipeline candidates, ELND005, failed to achieve the primary endpoint in a phase II/III study. ELND005 is being evaluated for the treatment of patients suffering from mild-to-severe Alzheimer’s disease (AD), who experience at least moderate levels of agitation/aggression […]
Markets had a holiday-shortened but eventful week, experiencing gains before losing on Thursday. Mainland markets were closed on Monday because of the Dragon Boat Festival holiday. Stocks rebounded on Tuesday riding on gains chalked up during late trading […]
Shares of Baxter International Inc. BAX gained 1.37% (97 cents) to close at $71.64 on June 24, following an update on an ongoing trial that intends to evaluate the safety and optimal dosing level of BAX 335 – an investigational factor IX (FIX) gene therapy used to treat hemophilia B. Hemophilia B (or Christmas disease) is a rare genetic disorder in which an individual’s blood does not clot properly […]
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