Year: 2015

Semiconductor solution provider Micron Technology Inc. MU recently signed an agreement to acquire the remaining 67% stake in Taiwan’s Inotera Memories Inc. As per the Deal, Micron will be paying $3.2 billion in cash to finance the transaction. […]

Pacira Pharmaceuticals, Inc. PCRX announced that it has resolved its litigation with the FDA in relation with the promotional issues revolving around its lead drug Exparel. […]

Arthur J. Gallagher & Co . AJG has acquired Centennial Insurance Agency, LLC, for an undisclosed amount […]

Atara Biotherapeutics, Inc. ’s ATRA shares plunged 36.8% after the company announced that a phase II proof-of-concept study on PINTA 745 has failed to meet its primary endpoint. […]

VMware, Inc. VMW has announced that it will not form Virtustream Cloud Services Business with EMC as announced this October. VMware gained a lot of attention in the past few months since its parent company EMC Corporation EMC announced its acquisition by Dell, the deadline for which is just around the corner now. […]

The AES Corporation AES announced that its board of directors has approved a 10% hike in its quarterly common stock dividend, bringing the annualized payout to 44 cents per share. The annual yield on the dividend is 4.9%. The raised dividend of 11 cents per share, up from the prior payment of 10 cents, will be effective from the first quarter of 2016 […]

On Dec 15, Zacks Investment Research upgraded Chubb Corporation CB to a Zacks Rank #1 (Strong Buy). Why the Upgrade? Chubb has been witnessing a rise in earnings estimates on the back of strong third-quarter 2015 results, rollout of complementary risk management services and approval of its merger with ACE Limited ACE […]

In order to strengthen its data and valuation capabilities globally, Intercontinental Exchange Group ICE has completed the acquisition of Interactive Data Corporation. The deal was announced in Oct 2015 and the company mentioned the receipt of regulatory approvals last week. Subsequent to closing of the acquisition, Interactive Data, which was a part of Silver Lake and Warburg Pincus has now become a wholly owned subsidiary of ICE. […]

Aduro BioTech, Inc. ’s ADRO shares gained 4.3% after the company announced that the European Medicines Agency has granted Orphan Drug designation to CRS-207 in combination with GVAX Pancreas for the treatment of patients with pancreatic cancer. The combination is currently being evaluated in comparison to chemotherapy in the phase IIb ECLIPSE study for the treatment of patients with metastatic pancreatic cancer […]

Bristol-Myers Squibb Company BMY announced that it has entered into a collaboration agreement with UCLA under its Immuno-Oncology Rare Population Malignancy (I-O RPM) research program. The company will conduct a range of early-phase studies with the David Geffen School of Medicine at UCLA. Bristol-Myers is focused on expanding its immuno-oncology portfolio and is highly active on the deal signing/acquisition front […]

Shares of Williams-Sonoma Inc. WSM plummeted to a new 52-week low of $58.44 on Dec 14. […]

Akebia Therapeutics, Inc. AKBA gained 7.1% after the company announced that it has entered into a development and commercialization agreement with Mitsubishi Tanabe Pharma Corporation for its lead candidate, vadadustat (formerly AKB-6548), for the treatment of anemia related to chronic kidney disease (CKD) in Japan and certain other countries in Asia. […]

“You are next”: A warning for the leaders of Islamic State by President Obama, who has vowed to destroy the jihadists in Iraq and Syria, may not be all good for world peace, but should act as a major tailwind to the defense stocks. Obama has ramped up his operation against ISIS and spoke about his plans to knock out the group after taking months of criticism from Americans over his handling of the terror group. Despite optimism, volatility still exists in the defense share market with major companies ending in the red last week […]

Lockheed Martin Corp. ’s LMT business unit, Missiles and Fire Control, won a modification contract from the U.S. Army for its Patriot Advanced Capability-3 (“PAC-3”) and PAC-3 Missile Segment Enhancement (PAC-3 MSE) missiles. […]