Month: December 2015

PGT, Inc. PGTI provided an update on the previously announced WinDoor acquisition, stating that its Enterprise Resource Planning (ERP) implementation is in its final phase. […]

Popular ride hailing service Uber is rapidly making its way into the food delivery business posing stiff competition to its peers like GrubHub Inc. GRUB and its Seamless division. The UberEATS service, rolled out earlier this year through the common Uber app, is now being made available through a separate dedicated app […]

Shares of the U.S. solar major First Solar Inc. FSLR tumbled 9.43% in after-hours trading on Dec 9 after it released 2016 guidance […]

JA Solar Holdings Co., Ltd . JASO announced that it has been selected to be a part of Zimbabwe’s first large-scale ground-mounted solar power facilities. The company will supply 100 megawatts (MW) of modules to one of the three large scale solar projects coming up in Zimbabwe. […]

Novo Nordisk NVO announced that it submitted a New Drug Application (NDA) for faster-acting insulin aspart to the FDA. This mealtime insulin is being developed for improved control of postprandial glucose excursions and for the treatment of people with type I and type II diabetes. Novo Nordisk filed for the candidate based on positive results from the clinical onset trial, wherein approximately 2100 patients with type I and II diabetes were treated. […]

In a bid to impress investors, Capella Education Company ’s CPLA board of directors approved a hike in its quarterly cash dividend and expanded the existing share repurchase program. The education company raised its quarterly cash dividend by 5.4% or 2 cents to 39 cents per common share. […]

The past week has been quite eventful for the telecom industry. At the UBS Global Media and Communications Conference, Fran Shammo, Chief Financial Officer of U.S. telecom behemoth Verizon Communications Inc. […]

U.S. energy giant Chevron Corporation CVX announced a sharp reduction in its projected 2016 capital spending budget, which was not at all unforeseen. The company is expected to spend roughly $26.6 billion next year, about 24% lower than the anticipated 2015 expenditure […]

Petroleo Brasileiro S.A. or Petrobras PBR is planning to divest up to one-fourth of its 40% interest in the Libra oil field − located off the coast of Rio de Janeiro, Brazil − for $1.5 billion, going by Reuters. This reflects the company’s intention to lower its huge load of debt, the highest in the entire oil industry. […]

OncoGenex Pharmaceuticals, Inc. OGXI announced that the independent Data Safety Monitoring Board has recommended continuation of phase II Borealis-2 study on apatorsen, after it completed the pre-specified futility analysis. The investigator-sponsored, randomized study will evaluate apatorsen in combination with Taxotere (docetaxel) treatment compared to Taxotere as monotherapy, in patients with metastatic bladder cancer who experienced disease progression following first-line platinum-based chemotherapy […]

Premium information technology service company Unisys Corporation UIS recently announced three important leadership appointments within its Enterprise Solutions unit, to help expand its regional and vertical industry capabilities. The appointed professionals would serve the company’s clients staying outside the U.S. Federal market […]

Jones Lang LaSalle Incorporated JLL has lately been on an acquisition spree. Recently, the company acquired the Rosebank, Johannesburg-based Trussard Property Consultants to boost its South African business. Moreover, this Chicago-based real estate operations firm is set to ink a deal for acquiring Big Red Rooster to expand its Project and Development Services (“PDS”) and Retail businesses. […]

Pfizer Inc. PFE and Merck KGaA MKGAF announced the initiation of two multi-center, randomized, open-label phase III studies – JAVELIN Gastric 100 and JAVELIN Gastric 300 – on their experimental anti-PD-L1 IgG1 monoclonal antibody avelumab, for the treatment of patients suffering from advanced or metastatic gastric/gastro-esophageal junction (GEJ) cancers. The JAVELIN Gastric 100 study will evaluate the superiority of avelumab immunotherapy as a first-line maintenance treatment of patients with unresectable, locally advanced or metastatic gastric/GEJ cancers whose disease has not progressed with first-line platinum-based chemotherapy. […]

Noble Energy, Inc . NBL announced that owing to strong performance in the first two months of the fourth quarter, it has raised its fourth-quarter sales volume guidance. […]

Equinix Inc. EQIX recently announced the completion of the Bit-isle Inc. acquisition. […]

Halliburton Company HAL is currently in advanced talks with energy conglomerate General Electric Co. GE pertaining to which, the latter is likely to purchase the drilling services and bits divisions of the former. […]

On Dec 10, we issued an updated research report on UnitedHealth Group, Inc. UNH . UnitedHealth, one of the biggest players in the health insurance industry, recently revealed the problems faced by its individual insurance business at the Public exchanges. […]