Stock Analysts

P&G’s (PG) Gillette Files Lawsuit against Dollar Shave Club

The Procter & Gamble Company’s PG subsidiary, The Gillette Company, filed a lawsuit against Dollar Shave Club for infringing its patented razor technology. Dollar Shave Club is a California-based company that markets and retails shaving products. The intellectual property rights lawsuit was filed by Gillette in the District of Delaware […]

Stock Analysts

Intercept (ICPT) Down on Delay in FDA’s Verdict on Lead Drug

Shares of Intercept Pharmaceuticals, Inc . ICPT fell after the company announced that the FDA has extended the Prescription Drug User Fee Act (PDUFA) date for priority review of its lead candidate, obeticholic acid (OCA), for the treatment of primary biliary cholangitis (PBC), formerly known as primary biliary cirrhosis. The FDA was previously supposed to give a decision by Feb 29, 2016. […]

Stock Analysts

Microsoft to Customize Windows 10 for Chinese Government

Yesterday, Microsoft MSFT announced that it will offer a customized version of Windows 10 to the Chinese government. It will not only be “government-approved,” but also include Chinese-selected antivirus software. Microsoft will form a joint venture — C&M Information Technologies for the time being — with China Electronics Technology Group (“CETG”), a state-owned enterprise that provides IT hardware and software to the country’s military. […]

Stock Analysts

Lockheed Martin Set to Sue Pentagon over $6.75B Contract

Lockheed Martin Corp. LMT announced that it is filing a complaint in the court against the Pentagon to fight the latter's decision of awarding a $6.75 billion contract for next-generation Humvees to Oshkosh Corporation OSK . The Complaint On Dec 16, 2015, Lockheed Martin filed the lawsuit in the Court of Federal Claims […]