Stock Analysts

Allergan (AGN) Liletta sNDA Accepted for Review in the U.S.

Allergan plc AGN and partner Medicines360, a nonprofit global women's health pharmaceutical company, announced that the FDA has accepted a supplemental New Drug Application (sNDA) for its marketed intrauterine system (IUS), Liletta. The companies are looking to update Liletta’s label to extend its use for the prevention of pregnancy from up to three years to up to four years. Allergan’s past one-month share price movement shows that the stock has outperformed the Zacks classified Medical-Generic Drugs industry […]

Stock Analysts

CES 2017: NVIDIA to Up its Game in AI & Driverless Cars

The technology sector is in focus this week with CES 2017 set to start today and run through this weekend. It is an annual technology tradeshow conducted by the Consumer Technology Association every year in January in Las Vegas. However, the tradeshow is unofficially underway from Wednesday evening with NVIDIA Corporation ’s NVDA Chief Executive Officer (CEO) Jen-Hsun Huang delivering the ‘Prime Keynote’. […]

Stock Analysts

STMicroelectronics’ Security Chip to Boost Mobile Payments

STMicroelectronics N.V. STM in collaboration with Giesecke & Devrient (G&D) and FitPay has developed the world’s first secure software and hardware solution for mobile payments on wearable devices such as smartwatches. Notably, STMicroelectronics’ trusted ST54E security chip has been utilized to develop the solution and is pre-approved for use by original equipment manufacturers (OEMs) in their wearable devices to facilitate integrated tokenized payments either through Visa or MasterCard. […]

Stock Analysts

Boeing to Supply 75 737 MAX 8 Jets to GE Capital Aviation

Leading commercial aircraft maker The Boeing Company BA received an order for the 737 MAX 8 airplanes from GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric GE . Details of the Deal The value of 75 737 MAX 8 airplanes at current list prices is nearly $8.25 billion. However, it goes without saying that the General Electric unit will enjoy a substantial discount on this amount. […]

Mergers & Acquisitions

Cheddar’s Scratch Kitchen Acquires Largest Franchisee

Cheddar’s Scratch Kitchen Acquires Largest Franchisee Transaction Expands National Footprint by 44 Locations PR Newswire IRVING, Texas, Jan. 5, 2017 IRVING, Texas , Jan. 5, 2017 /PRNewswire/ — Cheddar’s Scratch Kitchen, a full-service restaurant based in Irving, Texas , has completed its acquisition of 44 restaurant locations from Kentucky -based Greer Companies, the company’s largest franchisee […]

Stock Analysts

Diageo (DEO) Launches SMIRNOFF Seltzer With Low Calories

Leading brewer and distiller, Diageo plc DEO offers customers an opportunity to ring in the New Year with a toast to health. The new SMIRNOFF Spiked Sparkling Seltzer presents a win-win situation, as this malt flavored beverage comes with only 90 calories and zero sugar, providing a guilt free drinking experience. The seltzer comes in 12 oz […]

Stock Analysts

Terex (TEX) Divests MHPS to Konecranes, Simplifies Structure

In sync with its efforts to simplify the company structure, systems and footprint in a bid to improve efficiency and enhance global competitiveness, Terex Corporation TEX has completed the previously announced sale of its Material Handling & Port Solutions (MHPS) segment. The segment has been scooped up by Finnish company, Konecranes Plc for $595 million and €200 million in cash and 19.6 million newly issued class B shares representing a 25% interest in Konecranes. The sale of the MHPS business represents a significant strategic shift in Terex’ business away from universal, process, mobile harbor and ship-to-shore cranes […]