Month: June 2018

Pfizer PFE announced disappointing overall survival (OS) results from the phase III PALOMA-3 study. The study showed that the combination of Ibranceand AstraZeneca’s AZN Faslodex (fulvestrant) failed to improve OS compared with Faslodex and placebo in women with hormone receptor-positive (HR+), human epidermal growth factor receptor 2-negative (HER2-) metastatic breast cancer whose disease has progressed after prior endocrine therapy. The study is being conducted to assess the efficacy and safety of Ibranceplus Faslodex in women with endocrine therapy-resistant metastatic breast cancer […]

Higher interest rates along with robust loan and deposit growth aid KeyCorp KEY . Given a solid capital position, the company is expected to continue enhancing shareholder value through efficient capital deployment activities. […]

Comtech Telecommunications Corp. CMTL recently announced that its subsidiary, Comtech Systems, Inc. — a part of the Government Solutions segment — secured an order for its Modular Transportable Transmission System (MTTS) troposcatter terminals from a foreign subsidiary for a US-based prime contractor […]

General Electric Company GE yesterday announced about signing an agreement to divest its Distributed Power business to Advent International. The divestment value has been fixed at $3.25 billion. […]

Harley-Davidson, Inc. HOG on Jun 25 announced that it will move part of its production out of the United States to avoid European Union EU tariffs. The announcement “surprised” President Donald Trump, who had earlier appreciated the iconic American motorcycle manufacturer for “building things in America.” Understandably, Trump’s decision to impose tariffs on imported steel and aluminum from China, the EU, Mexico and Canada along with threats of raising tariffs on imported cars and auto parts have raised worries among automakers, including Harley-Davidson. […]

Gilead Sciences, Inc . GILD announced that the European Commission has granted Marketing Authorization to HIV combination therapy Biktarvy (bictegravir 50mg/emtricitabine 200 mg/tenofovir alafenamide 25 mg; BIC/FTC/TAF). […]

Shares of Brown-Forman Corporation BF.B have been rallying, driven by an impressive surprise history and a positive outlook for fiscal 2018. Further, the company is favored due to its solid brand portfolio, expansion plans and shareholder-friendly moves. This led to an upsurge in the stock price. […]

Trump’s latest threat to block Chinese investments in and sales to U.S. tech firms slammed chip and Chinese Internet stocks. […]

B&G Foods, Inc . BGS appears to be a solid bet. Shares of the company have risen 30.7% in the past three months, outperforming the industry ’s growth of 4%. […]

Hawaiian Holdings, Inc. ’s HA wholly owned subsidiary, Hawaiian Airlines, has been making continuous efforts to expand its operations. In this regard, the carrier recently announced that it will operate more flights on the Sapporo-Honolulu route in the Feb 1-16 time period, next year. […]

There seems to be no end in sight for market volatility which commenced in February fueled by inflationary fears. In fact, President Trump’s adoption of protectionist policies to safeguard the national interest has only escalated the problem. As we approach the end of the first half of 2018, the day-to-day market fluctuations are only intensifying […]

Pitney Bowes Inc. PBI has been having a dismal run on the bourses of late. Over the last three months, the stock has lost 36.5%, underperforming the industry ’s decline of 4.9% […]

Simon Property Group Inc. SPG announced that comfort-focused lifestyle brand — Tommy John — will expand its retail footprint by opening a store at SouthPark shopping mall in Charlotte, NC. The new store is slated to open later this summer in a 3,000-square-foot space between Neiman Marcus and Belk. […]

SM Energy Company SM released operational updates for the second quarter of 2018 and announced higher-than-expected production guidance. The company expects higher-than-expected production volumes, primarily owing to outstanding operational results at the Midland Basin, wherein performance of new and existing wells was better than expected. […]

Kinder Morgan, Inc’s KMI subsidiary — Kinder Morgan Texas Pipeline LLC (KMTP) — has inked a letter of intent for the development of the planned Permian Highway Pipeline (PHP) Project with EagleClaw Midstream Ventures, LLCand Apache Corporation APA . EagleClaw is a portfolio company of Blackstone Energy Partners. The PHP project, estimated at $2 billion, will provide a channel to transport the increased natural gas production from the Permian Basin to emerging market areas along the Texas Gulf Coast […]