Month: February 2016

Tesla Motors, Inc. TSLA will be able to sell its vehicles directly to customers in Indiana as the Senate panel of the state has backed down from banning direct sales. The Commerce and Technology Committee voted against the amendment restricting direct sales, and insisted on investigating the issue further […]

For quite some time now, Republic Airways Holdings Inc. RJET , the parent company of Republic Airlines and Shuttle America, has been struggling on grounds of pilot shortage and pay-related issues. The regional carrier has finally given in to the pressure, seeking bankruptcy protection in the U.S […]

Wireless equipment company Ericsson ERIC has inked a five-year network enhancement contract with Telenor Group. The contract covers the design and implementation of 4G/LTE networks, along with the transformation of 2G and 3G networks in Thailand, Myanmar and Bangladesh. Under the contract, Ericsson will install the RBS 6000 — its multi-standard radio base station which supports 3G and 4G/LTE in a single cabinet […]

Recently, leading global lifestyle network operator Scripps Networks Interactive Inc. SNI completed the remaining 35% stake buy in Travel Channel Media from Cox Communications Inc for $99 million. […]

Among the top stories this past week, we had NetEase Inc. NTES reporting fourth quarter results while Activision Blizzard ATVI completed the acquisition of King Digital Entertainment. There were a few other developments […]

T-Mobile US Inc. TMUS is leaving no stone unturned when it comes to challenging the bigger wireless operators in the US market. […]

Science Applications International Corporation SAIC , a leading technology integrator, recently secured a contract from the U.S army to provide logistics support services to the Joint Program Executive Office for Chemical and Biological Defense (JPEO-CBD). SAIC is one of a total of Array7 awardees for the indefinite delivery, indefinite quantity contract valued at a total of $900 million. […]

The Dow Chemical Company ’s DOW fully-owned subsidiary, Dow AgroSciences, recently announced the expansion of a research agreement with Radiant Genomics. The agreement had been signed in mid-20Array5. This alliance brings together the patent metagenomic and engineering-biology technologies from Radiant Genomics and the industry-leading natural products discovery and product development potential of Dow AgroSciences to offer naturally-derived products […]

Delighting its shareholders, Lamar Advertising Company LAMR declared a quarterly cash dividend of 75 cents per share, reflecting a hike of 8.7% form the prior dividend of 69 cents. The increased dividend will be paid on Mar 3Array, to shareholders of the company’s class A and class B common stock as of Mar Array6. According to the new dividend rate, annualized yield comes to around 5.38%, considering Lamar’s closing price of $55.78 on Feb 25 […]

UBS Group AG UBS and five other banks and brokerages have reached an agreement of around $Array03 million to resolve claims of conspiracy to rig prices in U.S. municipal derivatives transactions. The news was first reported by Reuters on Wednesday […]

United Therapeutics Corporation UTHR reported fourth quarter earnings of $3.68 per share (excluding stock-based compensation expense), up 30% from the year-ago period. The Zacks Consensus Estimate for fourth quarter 20Array5 earnings was $2.57 per share. Including stock-based compensation expense, earnings were $2.2Array per share. […]

Alkermes plc ALKS reported a loss of 30 cents per share (including share-based compensation expense) in the fourth quarter of 20Array5, narrower than the Zacks Consensus Estimate of a loss of 39 cents. The company had reported earnings of 2 cents per share in the year-ago quarter. Alkermes reported revenues of $Array63.Array million for the fourth quarter of 20Array5, down 6.9% from the year-ago quarter, which included products sales from the divested Gainesville manufacturing facility […]

Aegerion Pharmaceuticals, Inc. AEGR reported a loss of 89 cents per share in the fourth quarter of 20Array5, much wider than the year-ago loss of Array2 cents per share but narrower than the Zacks Consensus Estimate of a loss of 97 cents. In the reported quarter, net product sales were $49.0 million, in line with the Zacks Consensus Estimate but down 5.2% year over year […]

Radius Health, Inc . RDUS reported a loss of 77 cents per share in the fourth quarter of 20Array5, wider than the Zacks Consensus Estimate of a loss of 70 cents but narrower than the year-ago loss of 55 cents. The company has yet to generate any revenues […]