Month: December 2015

Dow Chemical ’s DOW fully-owned unit, Dow AgroSciences LLC, has partnered Arcadia Biosciences, Inc. RKDA to jointly develop and market new corn yield traits and trait stacks. Financial terms of the collaboration agreement were not disclosed. […]

Shares of solar company SolarCity Corp. SCTY have surged 19.4% in the last two days from $28.76 to $34.35 on a vote of confidence by options trader Jon Najarian, who added the stock to his portfolio. […]

In order to increase shareholders’ worth, the board of directors of ProAssurance Corporation PRA has declared a special dividend of $1.00 per share. Additionally, a regular quarterly dividend of 31 cents was declared. Both the dividends will be paid on Jan 8, 2016 to shareholders on record as of Dec 24, 2015. […]

Cytori Therapeutics, Inc. CYTX announced top-line data from the SCLERADEC-I study on Cytori Cell Therapy (ECCS-50) that showed sustained benefit at the two-year follow up in patients with hand dysfunction associated with scleroderma. Results demonstrated statistical improvement in the Cochin Hand Function Score (CHFS), Scleroderma Health Assessment Questionnaire, Raynaud’s Condition Score, and hand pain as assessed by a standard visual analogue scale. […]

Frank Kendall, undersecretary for acquisition, technology and logistics, said in a conference hosted by the Potomac Officers Club that the Pentagon expects to make "disproportionate" cuts to modernization and research and development funding in its fiscal 2017 budget request. This may imply the possible slowdown in production rates of Lockheed Martin Corp 's LMT F-35 fighter jet. Kendall admitted that the F-35 fighter jet was the Defense Department's "most cutting-edge capability," but other priorities including work on a new nuclear-armed submarine needed funding as well […]

Thanks to the booming sales late in the day, revenues for Cyber Monday, the biggest online shopping day of the year, crossed the $3 billion mark for the first time in its 10-year history. Not only did the day beat expectations, it also set a record for the single biggest day of online sales. No prizes for guessing the hero of the day — Amazon.com Inc […]

Last week, the telecom sector experienced a lull. As per the latest figures compiled by Heavy Reading, cable MSOs (multi-service operators) in the U.S. are set to achieve over $12 billion in annual business service revenues this year, up 20% from their milestone total of $10 billion last year. […]

Nokia Networks, a division of Nokia Corp. NOK has cleared a major regulatory hurdle with regard to its proposed € 15.6 billion (approximately $16.6 billion) acquisition of Alcatel-Lucent SA ALU . […]

General Dynamics Corporation GD announced that its board of directors has authorized the repurchase of an additional 10 million shares of the company’s issued and outstanding common stock in the open market. In the third quarter of 2015, General Dynamics repurchased 7.2 million shares for $1.04 billion. This marks the second consecutive quarter in which the company repurchased more than 2% of its outstanding shares. […]

Shares of Pandora Media, Inc. P fell over 5% yesterday in the aftermarket session following the company’s announcement of a senior note offering. […]

Shares of John Bean Technologies Corporation JBT touched a new 52-week high of $50.34 during its trading session on Dec 2. This apex improved upon the last 52-week high of $49.96 hit on Nov 17. John Bean Technologies closed the session at $49.92, reflecting a solid year-to-date return of 53.7%. […]

In sync with its disciplined acquisition strategy, Jones Lang LaSalle Incorporated JLL has inked a deal to buy Corrigo Incorporated, a leading cloud-based facility and service management solutions provider. This acquisition, by expanding JLL’s facility management offerings, will likely drive a transformational shift in the use of automation by its clients. Hence, the buyout is expected to be accretive for the Chicago-based real estate operations company, going forward. […]

Rogers Communications Inc. RCI announced its acquisition of Internetworking Atlantic Inc. […]

In an attempt to extend access of its diabetes management products offerings for type 2 diabetes, Medtronic plc MDT recently inked an exclusive distribution deal with Henry Schein, Inc. HSIC – a New York-based leading distributor of healthcare products and services. Financial terms of the deal have been kept under wraps. […]

Schlumberger Ltd SLB is expected to lay off thousands of more personnel before the year ends, per a Form 8-K filing with the U.S. Securities and Exchange Commission on Dec 1. Per the filing, Schlumberger is anticipated to incur pre-tax restructuring charges of $350 million from further retrenchment of its workforce […]

Alaska Air Group ALK , the parent company of Alaska Airlines and Horizon Air, posted a significant rise in air traffic for Nov 2015. Traffic – measured in revenue passenger miles (RPMs) – came in at 2.8 billion, up 13% year over year. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 13.7% to 3.42 billion. […]

Weakness in domestic coal shipments has been hurting stocks in the railroad space for quite some time now. Since coal is a key revenue-generating commodity for railroad operators, it is only natural that the decline in domestic coal shipments has spelt significant doom in the space. The struggle faced by the railroad operators is evident from the 26.9% year-to-date decline witnessed in the Dow Jones U.S. […]

AutoNation, Inc. AN reported that its new vehicle sales declined 6% year over year to 25,555 units in Nov 2015. On a same-store basis, retail new vehicle sales decreased 7% from the year-ago figure. […]

Zafgen, Inc.’s ZFGN shares plunged 60.6% on news regarding a second patient death in a study being conducted on its lead pipeline candidate, beloranib. The company said that a patient receiving beloranib as part of the open label extension (OLE) part of the pivotal phase III ZAF-311 bestPWS study was diagnosed with bilateral pulmonary emboli and has died. The study is evaluating beloranib in patients with Prader-Willi syndrome (PWS), the most common known genetic cause of life-threatening obesity. […]