Alnylam Pharmaceuticals, Inc. ALNY announced that it has initiated the final part of the phase I/II study on ALN-CC5 for the treatment of patients with complement-mediated diseases. The open-label, multi-dose study will evaluate ALN-CC5, administered for up to 13 weeks, on patients with paroxysmal nocturnal hemoglobinuria (PNH). […]
Carnival Corp . CCL reported mixed fiscal fourth-quarter and full-year 2015 results, wherein earnings beat the Zacks Consensus Estimate, but revenues missed the same by a narrow margin. The Miami-based cruise company’s adjusted earnings per share of 50 cents surpassed the Zacks Consensus Estimate of 41 cents by 22%, as well as management’s guidance range of 36 cents to 40 cents. […]
Gilead Sciences, Inc. GILD announced that it has entered into a worldwide agreement with Galapagos NV GLPG for the development and commercialization of the JAK1-selective inhibitor, filgotinib, for inflammatory disease indications including rheumatoid arthritis (RA). […]
Vimicro Announces Closing of Merger PR Newswire BEIJING, Dec. 18, 2015 BEIJING , Dec. 18, 2015 /PRNewswire/ — Vimicro International Corporation (NASDAQ: VIMC) (“Vimicro” or the “Company”), a leading video surveillance technology and solution provider in China , announced today the completion of the merger (the “merger”) with Vimicro China Acquisition Limited (“Merger Sub”), a wholly-owned subsidiary of Vimicro China (Parent) Limited (“Parent”), pursuant to the Agreement and Plan of Merger dated September 15, 2015 (as amended on November 3, 2015 , the “Merger Agreement”), by and among Parent, Merger Sub and the Company. […]
Country Style Cooking Enters into Definitive Merger Agreement for Going Private Transaction PR Newswire CHONGQING, China, Dec. 18, 2015 CHONGQING, China , Dec. […]
Shares of Cabela's Incorporated CAB have declined more than 11% in the past six months owing to disappointing second and third-quarter 2015 financial numbers. It is quite evident that Cabela's is no longer a favorite pick for investors. Let’s delve a little deeper to find out the reasons […]
W&T Offshore, Inc. WTI announced a new discovery at the Ewing Banks 954 A-8 exploratory well located in the deepwater Gulf of Mexico. The well, which recently reached total depth, represents the second discovery in a two-well drilling program from the EW 910 platform […]
Manufacturer and seller of solar power products ReneSola Ltd. SOL announced that it sold two of its utility scale projects in Japan. […]
Persistent slide in oil prices (currently around $35 a barrel) has become a major concern for banks owing to their exposure to energy-related loans. This has led Hancock Holding Company HBHC to raise its energy allowance for the fourth quarter of 2015. Hancock announced an increase of nearly $42 million in allowance for loan losses within its energy portfolio. […]
We have issued an updated research report on BB&T Corporation BBT , a NC-based diversified financial holding company, on Thursday, Dec 17, 2015. The company’s shares have declined 2.7% year to date, and recent earnings estimate revisions suggest that the stock is unlikely to perform well in the near term. Notably, over the past 60 days, 2 estimates for the stock have been revised lower for 2015, while 4 have gone down for 2016 […]
Brown-Forman Corp. ( BF.B ), the world’s leading producer and distributor of premium alcoholic beverages, has time and again proven its worth given its portfolio of over 25 premium brands, including Jack Daniel’s — its flagship spirits brand — along with Southern Comfort liqueur, Canadian Mist whiskey and Finlandia vodka. Shares of the company have witnessed 17.6% growth year to date […]
In order to bring a fresh lease of life in its operations, Infineon Technologies AG IFNNY has recently teamed up with pmdtechnologies gmbh, a leading provider of engineering support in the digital 3D imaging industry. The alliance aims at creating improved 3D image sensor chips to enliven virtual reality environment of smartphones. […]
In order to expand its technology and sustainability trace, Sealed Air Corporation SEE has acquired Dry Lube Ltd. and its subsidiary Dry Lube Inc. The acquisition is in sync with Sealed Air’s Change the Game strategy which aims to accelerate growth through innovative solutions. […]
Brown & Brown Insurance Agency of Virginia Inc., a subsidiary of Brown & Brown, Inc. BRO bought certain assets of Ocean Marine Insurance Agency, Inc. and affiliates. […]
Kimco Realty Corp. KIM has closed the second phase of its stake sale in 22 Canadian properties to RioCan Real Estate Investment Trust, its Canadian joint-venture (JV) partner. The transaction included the sale of Kimco’s stake in three properties for $238 million. […]
Arthur J. Gallagher & Co. Acquires Brown Hobbs & McMurray Insurance PR Newswire ITASCA, Ill., Dec […]
Professional Holding Corp. to acquire FirstCity Bank of Commerce PR Newswire CORAL GABLES, Fla., Dec. 18, 2015 CORAL GABLES, Fla […]
Shares of Teekay Corporation TK plunged to a 52-week low of $6.65 on Dec 17, eventually closing at $7.27, following a huge dividend cut. The closing price reflected a 58.43% decline over the comparable figure on Dec 16. What Led to the Drop […]
AT&T Inc. T , a leading wireless carrier in the U.S., has entered into an agreement with International Business Machines Corporation IBM to shift its managed application and managed hosting services unit over to IBM. Post-transition, these services will be aligned with IBM’s Cloud service portfolio. […]
It’s been a roller-coaster ride for California-based biopharma company, KaloBios Pharmaceuticals, Inc. KBIO , with the company seeing major ups and downs over a short period of one month. […]
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