Month: August 2017

The Bank of Nova Scotia BNS reported third-quarter fiscal 2017 (ended Jul 31) results before the opening bell. Net income for the quarter came in at C$2.1 billion ($1.59 billion), jumping 7.1% year over year. […]

Jacobs Engineering Group Inc. JEC boosted its organic growth path on the back of a new engineering, procurement and construction (EPC) deal secured from the Southern Peru Copper Corporation (“SPCC”). Shares of this Zacks Rank #3 (Hold) stock yielded a return of 1.4%, as against the loss of 0.2% incurred by the industry in three months’ time […]

CoreSite Realty Corporation COR has been selected by enterprise-class private cloud and backup infrastructure provider — Faction — as its partner for rolling out multi-cloud storage and network solutions, and expand its VMware private-cloud services. This partnership with CoreSite has taken place in both the Northern Virginia and Silicon Valley markets. The company’s scalable data center platform, high-performance interconnection solutions and proximity to the key public cloud providers are the reasons for being selected by Faction. […]

Leading global pizza delivery company Domino's Pizza, Inc. DPZ , in conjunction with Ford Motor Co. […]

In its efforts to strengthen global presence, NuVasive, Inc. NUVA is planning to renovate and extend the San Diego global headquarters. The leading medical device company also aims to add a highly sophisticated innovation center of excellence to the facility. […]

Following a strong revenue performance in the second quarter, Luminex Corporation LMNX announced plans to collaborate with Sutter Health to bolster its molecular diagnostic testing portfolio. The collaboration is expected to enhance the company’s patient care techniques, especially in cases of Cystic Fibrosis, gastrointestinal illness and respiratory tract infections. Meanwhile, shares of Luminex have inched 0.3% up following the news release […]

The Hain Celestial Group, Inc. HAIN reported better-than-expected financial numbers in fourth-quarter fiscal 2017 after missing the Zacks Consensus Estimate in the previous quarter. The company reported adjusted earnings per share of 43 cents, flat year over year but ahead of the Zacks Consensus Estimate of 40 cents […]

McCormick & Company, Inc. ’s MKC strategic growth efforts which include acquisitions and innovation have been boosting its portfolio. Moreover, its cost saving initiatives has significantly aided improving profitability. […]

Analog Devices Inc. ADI reported fiscal third-quarter 2017 adjusted earnings of $1.26 per share, which beat the Zacks Consensus Estimate of $1.15. The better-than-expected results were driven by strength across all the markets – industrial, automotive, consumer and communications, and positive contributions from Linear Technology acquisition. […]

As Hurricane Harvey tore through the Texas Gulf Coast–the devastating storm just made landfall again, this time in Louisiana–workers in the U.S. oil industry have struggled to evacuate production facilities and shut down refineries. This, in turn, triggered the biggest disruption in nationwide energy supplies in years, driving gasoline prices higher at the pumps. […]

Duke Realty Corporation DRE announced that it has successfully leased 33 Logistics Park 1611, a bulk warehouse, to a leading logistics company in the nation. Moreover, the company noted that it has commenced the construction of 33 Logistics Park 1620 — a spec industrial building. […]

Moving ahead with its divestment goals, Brazil's state-run energy giant Petróleo Brasileiro S.A. or Petrobras PBR recently announced plans to divest onshore oil and gas fields located in Rio Grande do Norte and Bahia states. […]

Western Digital Corporation WDC has been on an acquisition spree lately. Post the company’s buyout of Upthere, an app-based cloud-storage startup, yesterday, this hard disk drive (HDD) producer is set for another strategic acquisition. Western Digital signed an agreement to acquire Tegile Systems (“Tegile”) for an undisclosed amount […]

Oracle Corp. ORCL is taking another significant step to strengthen its position in the cloud services market. The company recently announced that it will hire more than 5K employees including engineers, consultants, sales and support people for expanding its cloud business […]

Shares of Acorda Therapeutics, Inc. ACOR have plunged almost 25% after the company announced that it has received a refusal to file (RTF) letter from the FDA in connection with the new drug application (NDA) for pipeline candidate, Inbrija. […]

TreeHouse Foods, Inc. THS has been displaying disappointing performance lately, owing to unfavorable market conditions, evolving consumer buying pattern and operating inefficiencies. These factors had a negative impact upon the company’s recently reported second-quarter 2017 results on Aug 3, post which share price have declined 21.2% […]

AstraZeneca PLC AZN and Takeda Pharmaceutical Company Limited, a Japanese pharma company, have entered into an agreement to jointly develop and commercialize preclinical candidate MEDI1341. In fact, MEDI1341 is an alpha-synuclein antibody being developed for the potential treatment of Parkinson’s disease (PD). The candidate is due to enter phase I studies later this year […]

ImmunoGen Inc. IMGN announced a strategic collaboration and option agreement with Jazz Pharmaceuticals PLC JAZZ for the development and commercialization of two early-stage, hematology-related antibody-drug conjugate (ADC) programs, and also another l program which will be designated during the term of the agreement. The programs include IMGN779 – a CD33-targeting ADC and which is in phase I study for the treatment of acute myeloid leukemia (AML) and IMGN632 also being evaluated in a preclinical study for treating hematological malignancies including AML […]

BioMarin Pharmaceutical Inc. BMRN announced that the Biologics License Application (BLA) for pegvaliase has been accepted by the FDA for priority review. A decision is expected on Feb 28, 2018 […]