logo

Breaking News

Share SHARE

Competition and Markets Authority announced that it is to consider whether proposals offered by Heineken (HKHHF.PK)/Punch over merger will address competition concerns and remove the need for an in-depth investigation. The CMA has decided that there are reasonable grounds for believing that these proposals,...

Petrofac Ltd. (POFCF.PK, POFCY.PK, PFC.L) announced the Group expects its underlying net profit for the first half of 2017 to be $135 million to $145 million. The Group reported new order intake of $1.7 billion for the year to date. Looking forward, the Group stated that its full year net profit is expected...

Sandoz, a division of Novartis (NVS), announced Tuesday that the European Commission has approved Erelzi (biosimilar etanercept) for use in Europe. Erelzi is approved for use in all indications of the reference medicine, Enbrel. Erelzi is approved for rheumatoid arthritis, axial spondyloarthritis...

Nvidia Corp. (NVDA) announced Tuesday that it is teaming up with Volvo Cars and Autoliv to develop advanced systems and software for AI self-driving cars. The three companies will work together along with Zenuity, a newly formed automotive software development joint venture equally owned by Volvo...

Regeneron Pharmaceuticals Inc.(REGN) and Sanofi said that the European Commission has granted marketing authorization for Kevzara or sarilumab in combination with methotrexate or MTX for the treatment of moderately to severely active rheumatoid arthritis or RA in adult patients who have responded inadequately...

Northrim BanCorp Inc., the parent company of Northrim Bank, (NRIM), Monday announced the appointment of Joe Schierhorn as President and CEO of Northrim BanCorp, effective June 26. Schierhorn will also continue to serve as Northrim Bank's President and CEO, while Joe Beedle will continue to serve as...

Valmont Industries, Inc. (VMI), a provider of engineered products and services, announced Monday that its board of directors has named Stephen Kaniewski as President and Chief Executive Officer effective December 31, 2017, the first day of Valmont's fiscal 2018. Kaniewski will succeed Mogens Bay,...

Xerox Corp. (XRX) announced Monday an agreement, under which South Korea-based internet company NAVER Corp. will acquire the Xerox Research Centre Europe in Grenoble, France. The French Works Council's consultation on this project has now been completed and the agreement is expected to close in the...

Health Insurance Innovations has been downgraded to market perform from outperform at Raymond James. Still, shares are down 4 percent.

Alibaba-backed Best Logistics filed for an initial public offering of American depositary shares to raise up to $750 million. Logistics companies delivered 31 billion parcels in China last year, 50 per cent higher than in the previous year. Best Logistics will be known as Best Inc in the US. Alibaba...

Neothetics Inc. (NEOT) announced safety and efficacy results from its Phase 2 proof-of-concept trial, LIPO-202-CL-31, for the reduction of submental subcutaneous fat. LIPO-202 did not demonstrate improvement on any efficacy measurements or separation from placebo. LIPO-202 continued to show a benign...

AppliedOptoelectronics-062617.jpg We urge Investors to take advantage of the weakness in the shares of Applied Optoelectronics, Inc. (AAOI), as we believe the stock has at least 15% upside from current levels. The stock is down along with many of the stocks in the Fiber optical component universe with an exposure to China.

STORE Capital Corp. (STOR) said that Berkshire Hathaway has invested $377 million in the company, representing 9.8% of total shares outstanding. In the transaction, STORE Capital issued 18.6 million shares of company stock in a private placement to a wholly owned subsidiary of Berkshire Hathaway at a...

Sinovac Biotech Ltd. (SVA) Monday said it has entered into a definitive amalgamation agreement with the parent Sinovac (Cayman) Limited and Sinovac Amalgamation Sub Limited to be acquired by Parent in a transaction valued at approximately $401.8 million. Pursuant to the Amalgamation Agreement, Parent...

Osiris Therapeutics Inc. announced that it appointed Linda Palczuk, age 55, to serve as President and CEO, effective July 10, 2017. She will stand for election to the Board of Directors at the next shareholder meeting. Palczuk had an extensive and successful 30 year career with AstraZeneca Pharmaceuticals...

Follow RTT