Month: February 2018

Stock Analysts

Vertex’s Third Cystic Fibrosis Treatment Gets FDA Approval

February 13, 2018 0

Vertex Pharmaceuticals Incorporated VRTX announced that the FDA has granted approval to its cystic fibrosis (CF) corrector, tezacaftor (VX-661), in combination with ivacaftor (Kalydeco) under the brand name, Symdekotm. The combo therapy is approved to treat the underlying cause of CF in patients aged 12 years and above with certain mutations in the CF transmembrane conductance regulator gene. This approval marks the company's third treatment for the underlying cause of CF. […]

Stock Analysts

Dun & Bradstreet (DNB) Q4 Earnings Beat, Revenues Grow Y/Y

February 13, 2018 0

The Dun & Bradstreet Corporation DNB reported fourth-quarter 2017 results wherein adjusted earnings of $3.22 per share beat the Zacks Consensus Estimate of $3.03 and increased 7.7% on a year-over-year basis. On an adjusted basis and after including forex effect, total revenues came in at $528.3 million, up 2.2% year over year. On a GAAP basis, revenues were $527 million, up 1.9%. […]

Mergers & Acquisitions

Magal Acquires Control of ESC BAZ – Manufacturer of Security Video Observation & Surveillance Systems

February 13, 2018 0

Magal Acquires Control of ESC BAZ – Manufacturer of Security Video Observation & Surveillance Systems Broadens product and solutions portfolio with thermal cameras with embedded video analytics PR Newswire YEHUD, Israel, February 13, 2018 YEHUD, Israel , February 13, 2018 /PRNewswire/ — Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced it has signed an agreement to acquire a 55% controlling interest in ECS BAZ Ltd. (“BAZ”), an Israeli-based company, focused on the development and manufacturing of military-grade smart Security Video Observation and Surveillance systems […]

Stock Analysts

Will Amazon’s 2-Hour Whole Foods Delivery Skew Retail Pitch?

February 13, 2018 0

Groceries, until recently an insular market in the fiercely competitive retail zone, may see a radical shift in the days to come. The landscape is seeing a rapid change, with more players jumping on the offline bandwagon. The latest move in this space comes from Amazon AMZN , which is offering free, two-hour delivery from Whole Foods stores to its Prime members in four cities — Austin, Dallas, Cincinnati and Virginia Beach […]

Stock Analysts

United Technologies’ Pratt Aims to Fix Airbus Engine Issue

February 13, 2018 0

Pratt & Whitney, a subsidiary of United Technologies Corporation UTX , has acknowledged technical glitches with respect to its newly modified turbofan jet engine. The discovery of these problems has caused the delivery of latest Airbus aircraft to come to a standstill. Taking the event into account, Europe’s air safety regulator issued an emergency warning to the company about inflight shutdown of such engines as these could lead to fatal consequences. […]

Stock Analysts

UBS Group Raises Bonus Pool for Asian Investment Bankers

February 13, 2018 0

Per a Bloomberg article, UBS Group AG UBS increased the bonus pool for investment bankers in the Asia-Pacific region by nearly 6% as part of its retention efforts. People familiar with the matter said that overall compensation for bankers in junior positions was raised by an average of 12%, whereas for those in China, hikes were about 15-20%, the article mentioned. […]