On Monday, the Nasdaq hit a fresh record high for the first time in almost three months. A rally in tech and consumer discretionary stocks ensued, indicating that investors are choosing to ignore trade tensions and geopolitical conflicts. Instead, markets are focusing on strong economic fundamentals following last Friday’s strong jobs report […]
Mastercard Inc. MA has been picked by Diebold Nixdorf, a world leader in driving connected commerce, to enhance consumers’ experience at ATMs. Mastercard will be providing two services — Mastercard Cash Pick-Up and Cardless ATM — to make withdrawal from ATMs easier. […]
With U.S. economic growth being the sturdiest since recession, unemployment at an 18-year low and manufacturing activity at a decent clip despite the ongoing trade spat, it makes sense to ride out the amazing growth momentum. And that’s what investors did on Jun 4 — they pushed the Nasdaq to an all-time high […]
Dodging all political ills, investors continued to pour money into the fast-growing companies, pushing the Nasdaq Composite Index to new highs since Mar 13. The surge in the technology sector, which accounts for nearly half of the index, helped the Nasdaq’s northward journey. […]
Bertram Capital Announces Acquisition of Registrar Corp, LLC Completes First Platform Supporting SaaS Assisted Food Safety Investment Thesis PR Newswire SAN MATEO, Calif., June 5, 2018 SAN MATEO, Calif. , June 5, 2018 /PRNewswire/ — Bertram Capital (“Bertram”) today announced its investment in Registrar, LLC (“Registrar” or the “Company”), a leading SaaS assisted provider of U.S. Food and Drug Administration (“FDA”) compliance services to domestic and foreign food, medical device, drugs, and cosmetic facilities […]
Amphastar Pharmaceuticals, Inc. AMPH could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. […]
Cars.com Inc. CARS could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. […]
MGM Resorts International MGM could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for MGM broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. This has already started to take place, as the stock has moved lower by 1.5% in the past four weeks. […]
Arbor Realty Trust ABR is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for ABR broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. This has already started to take place, as the stock has moved higher by 14.4% in the past four weeks […]
Gryphon Investors Announces Majority Investment in Shermco Industries PR Newswire SAN FRANCISCO, June 5, 2018 SAN FRANCISCO , June 5, 2018 /PRNewswire/ — Gryphon Investors (“Gryphon”), a San Francisco -based private equity firm, today announced that it has acquired Shermco Industries (“Shermco” or “the Company”), the leading independent provider of electrical testing, maintenance, and repair services in North America , from funds managed by Oaktree Capital Management, L.P.’s Power Opportunities Group. CEO Ron Widup and other members of Shermco’s management team have retained a significant ownership position in the Company and will continue to lead Shermco. […]
Halyard Health Announces Agreement to Acquire CoolSystems, Inc., Marketed as Game Ready Game Ready’s pain management and rehabilitation therapies enhance and diversify Halyard’s non-opioid Pain Management portfolio Transaction expands Halyard’s call point footprint, increasing access within the orthopedic and sports medicine markets and creating significant cross-selling opportunities PR Newswire ALPHARETTA, Ga., June 5, 2018 ALPHARETTA, Ga. , June 5, 2018 /PRNewswire/ — Halyard Health, Inc. (NYSE: HYH) announced today it has entered into a definitive agreement to acquire CoolSystems, Inc., marketed as Game Ready, a market-leading provider of cold therapy and compression therapy systems for a total consideration of $65 million in cash. […]
Bristol-Myers Squibb Company BMY announced encouraging data from the phase III CheckMate -214 study on Opdivo. CheckMate-214 study is an ongoing study evaluating Immuno-Oncology combination Opdivo (nivolumab) and low-dose (1mg/kg) Yervoy (ipilimumab) compared with Pfizer’s PFE Sutent (sunitinib) in intermediate- and poor-risk patients with advanced renal cell carcinoma (RCC) over a two-year follow-up period. The treatment with Opdivo plus low-dose Yervoy led to statistically significant differences in patient-reported outcomes from baseline versus sunitinib through two years of follow-up. […]
Ryerson Enters Into Definitive Agreement to Acquire Central Steel & Wire Company PR Newswire CHICAGO, June 5, 2018 CHICAGO , June 5, 2018 /PRNewswire/ — Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today its entry into a definitive merger agreement to acquire Central Steel & Wire Company (“Central Steel & Wire” – Pink Sheet: CSTW), a metal service center with six locations across the Central and Eastern U.S. Central Steel & Wire has a rich history and valued brand spanning more than 100 years, offering a wide selection of products and capabilities, with a commercial portfolio centered on bar, tube, plate, and sheet products. […]
Cranemere to Acquire NorthStar Anesthesia from TPG Growth Leading Anesthesia Care Provider Poised to Expand Under Cranemere’s Long-Term Partnership-Driven Ownership Model PR Newswire NEW YORK and SAN FRANCISCO and LONDON, June 5, 2018 NEW YORK and SAN FRANCISCO and LONDON , June 5, 2018 /PRNewswire/ — Cranemere, a holding company that partners with outstanding businesses for the long-term, today announced that it has entered into an agreement to acquire a majority stake in NorthStar Anesthesia (” NorthStar ” or the “Company”), one of the country’s leading anesthesia care providers, from TPG Growth, the global middle market and growth equity platform of alternative asset firm TPG. TPG Growth will retain a significant minority interest in NorthStar and continue to partner with the Company and now Cranemere to further build the business. Founded in 2004, NorthStar is a leading national anesthesiology platform that provides operating room efficiencies, improved clinical outcomes and healthcare cost reductions through outsourced anesthesia services. […]
The Chemours Company Announces Early Tender Results of Conditional Cash Tender Offer and Consent Solicitation for Up to $250,000,000 of Its 6.625% Senior Notes Maturing In 2023 PR Newswire WILMINGTON, Del., June 4, 2018 WILMINGTON, Del. , June 4, 2018 /PRNewswire/ — The Chemours Company (” Chemours “) (NYSE: CC), a global chemistry company with leading market positions in fluoroproducts, chemical solutions and titanium technologies, today announced the early tender results as of 5:00 p.m. […]
Hydro One and Avista receive regulatory approval of acquisition, concluding merger proceeding in Alaska PR Newswire TORONTO and SPOKANE, WA, June 4, 2018 TORONTO and SPOKANE, WA , June 4, 2018 /PRNewswire/ – Hydro One Limited (“Hydro One”) (TSX: H) and Avista Corporation (“Avista”) (NYSE: AVA) today announced that the companies have received approval from the Regulatory Commission of Alaska (“RCA”) of their proposed merger subject to the following conditions: (1) Alaska Electric Light and Power Company’s (“AEL&P”) capital structure is maintained at its previously ordered debt and equity levels, (2) there will be no rate recovery of transaction costs or premium associated with the acquisition, (3) assignment of costs related to services between Avista and AEL&P will be subject to review and approval by the RCA, (4) AEL&P continues to be operated independently with the same experienced management team as existed prior to the acquisition, and (5) the parties adhere to all commitments filed with the RCA on April 3, 2018 . With this order, the merger has received all required approvals in Alaska. “We are very pleased to receive this approval from the Regulatory Commission of Alaska to bring together two historic companies,” said Mayo Schmidt , President and CEO, Hydro One. […]
The Chemours Company Announces Early Tender Results of Conditional Cash Tender Offer and Consent Solicitation for Any and All of Its 6.125% Senior Notes Maturing in 2023 and Receipt of Requisite Consents PR Newswire WILMINGTON, Del., June 4, 2018 WILMINGTON, Del. , June 4, 2018 /PRNewswire/ — The Chemours Company (” Chemours “) (NYSE: CC), a global chemistry company with leading market positions in fluoroproducts, chemical solutions and titanium technologies, today announced the early tender results as of 5:00 p.m. […]
At its Annual General Meeting in Sydney, the International Air Transport Association (“IATA”) trimmed its forecast for airlines with respect to profitability for 2018. The research firm predicts that the global net profit for the industry to be $33.8 billion. […]
Novartis NVS presented positive results from the third phase III trial on breast cancer drug Kisqali (ribociclib) in advanced or metastatic breast cancer at the 54th Annual Meeting of the American Society of Clinical Oncology (ASCO) in Chicago. The phase III trial, MONALEESA-3, showed Kisqali plus Faslodex significantly prolonged progression-free survival (PFS) compared to Faslodex alone in postmenopausal women with hormone-receptor positive, human epidermal growth factor receptor-2 negative (HR+/HER2-) advanced breast cancer. […]
General Electric 's GE Healthcare business is set to introduce interactive, customizable training options for HTM professionals at AAMI 2018. Notably, the options enabled by the Virtual Reality (VR) technology will facilitate training of the next generation HTM professionals, safely and efficiently. […]
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