Amgen Inc. AMGN announced the submission of a biologics license application (BLA) seeking FDA approval for ABP 501, a biosimilar version of AbbVie Inc.’s ABBV best-selling drug, Humira. The application is Amgen’s first BLA submitted under the 351(k) biosimilar pathway […]
On Nov 26, 2015, we issued an updated research report on WPX Energy Inc. WPX . This independent oil and gas company has been hit by the persistent softness in commodity prices. […]
A new filing with Federal Communications Commission (FCC) seems to indicate that Alphabet GOOGL owned Google plans to start testing Project Loon Internet balloons on a large scale across the U.S. In the filing, Google has sought license to test experimental radios that apply wireless spectrum in the millimeter bandwidth in all 50 states as well as in Puerto Rico. Therefore, Google could start testing high-altitude balloons beginning Jan 1 for 24 months. […]
Carnival Corporation CCL seems to be betting big on the Australian market. The company recently introduced two new ships – Pacific Aria and Pacific Eden – under the P&O Cruises Australia brand. With the addition of Pacific Aria and Pacific Eden, P&O Cruises Australia would have five ships operating from eight ports in Australia, New Zealand and Singapore throughout the year […]
Campbell Soup Company CPB , the manufacturer of branded convenience food products, remains focused on enhancing its bottom line, increasing return on investment through strategic frameworks, overseas expansion, and growth of healthy beverages and baked snacks. Further, with a view to synchronize its organizational structure and key growth strategies, Campbell Soup realigned its reporting segments from five to three, effective first-quarter fiscal 2016. […]
As per sources, Ball Corporation BLL has offered to sell 11 European plants in order to clinch approval from EU antitrust regulators for its £4.43 billion ($6.69 billion) acquisition of Rexam Plc REXMY . Nine of the plants to be divested make cans while the other two manufacture can ends. Four factories are located in Germany, three in the UK, one each in Spain, France, the Netherlands and Austria […]
ConocoPhillips COP recently participated in separate federal and state lease sales in Alaska. The company submitted high bids totaling $788,680 for six high-potential tracts in the US Bureau of Land Management’s 2015 National Petroleum Reserve in Alaska (NPR-A) lease sale and $409,011 for three North Slope tracts at the Alaska Oil & Gas Division’s lease sale. […]
We issued an updated research report on energy explorer, Comstock Resources Inc. CRK on Nov 26, 2015. […]
On Nov 27, 2015, we issued an updated research report on Aflac Inc. AFL . […]
On Nov 27, we issued an updated research report on ACE Limited ACE . ACE Limited’s operating earnings per share in the third quarter were in line with the Zacks Consensus Estimate. The company witnessed lower premiums earned and investment income on the one hand, and record underwriting income with improvement in combined ratio on the other […]
Gramercy Property Trust Inc. GPT disclosed the acquisition of two industrial buildings aggregating 222,100 square feet in Norcross, GA. […]
BP plc ’s BP proposed exploration drilling program for the Stromlo-1 well in Great Australian Bight has not been approved by Australia’s regulatory body – National Offshore Petroleum Safety and Environmental Management Authority or NOPSEMA. The regulatory body is dissatisfied over how the energy major would manage an oil spill should it occur and address community concerns arising from the environmental impact of a spill. […]
After a torrid run in the just-concluded earnings season, 3D Printing stocks seem to have found their momentum back as exhibited by the recent upsurge in share prices. Although most of the companies in the sector had reported in the red, woefully missing their respective earnings estimates, the sudden reversal in share price performance indicates that the worst is probably over. Comparative Stock Market Performance Judging by the last five days trading performance relative to stock prices, the 3D Printing stocks had a phenomenal run despite the industry shake-ups relative to the abysmal earnings surprises. […]
Goldcorp Inc. GG yesterday reported the occurrence of a fatal accident at its Musselwhite mine in Northern Ontario. […]
The U.S. Energy Department's weekly inventory release showed a small but unexpected stockpile addition. […]
Qihoo 360 Technology Co. Ltd. QIHU recently announced that its joint venture (JVC), Oriental Shiny Star Limited has formed a five-year license agreement with Korean game developer, Smilegate Entertainment […]
On Nov 26, 2015, we issued an updated research report on leading medical devices company Boston Scientific Corporation BSX . Despite challenging economic conditions, a competitive environment and severe currency headwinds, Boston Scientific managed to post a better-than-expected third-quarter 2015, with both earnings and revenues exceeding the Zacks Consensus Estimate. We are impressed that the company has managed to post constant currency growth across most of its segments […]
California air quality regulators issued a notice stating that German automaker Volkswagen AG VLKAY needs to announce a recall for another 16,000 diesel vehicles. The authority demanded the additional recall as it considers that more Volkswagen vehicles do not meet emissions standards. […]
Merck KGaA MKGAF and Pfizer PFE announced that the European Medicines Agency’s (EMA) Committee for Orphan Medicinal Products (COMP) has issued a positive opinion for immunotherapy candidate, avelumab. Merck is seeking orphan drug designation for avelumab in Europe for the treatment of merkel cell carcinoma (MCC). […]
DENTSPLY International Inc. XRAY and Sirona Dental Systems SIRO recently announced the expiration of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 related to their proposed merger transaction. The companies now expect the transaction to be completed in the first quarter of 2016, provided other customary closing conditions are fulfilled […]
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