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Minerva Neurosciences, Inc. (NERV) announced positive top line results from a prospective Phase IIb, 12-week, randomized, double-blind, placebo-controlled parallel clinical trial evaluating the efficacy, safety and tolerability of MIN-101 in patients with negative symptoms of schizophrenia.These negative...

3M Co. (MMM) said that a court in Düsseldorf, Germany, has ordered an injunction and damages claim reaching back to December 2008 against Dental Direkt GmbH for infringement of 3M's patented technology that enables the coloring of ceramic-based dental restorations. The court decision is based on a...

Unum Group (UNM) announced that its board has authorized the repurchase of up to $750 million of the company's outstanding common stock through November 26, 2017. This new authorization replaces the previous authorization of $750 million that was scheduled to expire on November 21, 2016. Unum Group...

Starboard Value LP, one of the largest shareholders of Depomed Inc. (DEPO) with an ownership interest in approximately 9.9% of Depomed's outstanding shares, today announced it has delivered an open letter to Depomed shareholders and intends to recommence the process for calling a Special Meeting of Depomed...

MGT Capital Investments Inc. (MGT) announced that it has entered into a definitive asset purchase agreement to acquire certain technology and assets from Demonsaw LLC, a provider of a secure and anonymous file sharing software platform. Using multiple layers of encryption (both symmetric and asymmetric). Demonsaw...

Anthem Inc. (ANTM) announced it has received the final order from Indiana Department of Insurance Commissioner Stephen Robertson, approving the company's acquisition of Cigna HealthCare of Indiana, Inc., a wholly owned subsidiary of Cigna Corp. (CI). On July 23, 2015 Anthem and Cigna entered into a definitive...

Wendy's Co. (WEN) said that Todd Penegor has been appointed Chief Executive Officer of the Company, in addition to his current role as President, and that Emil Brolick has retired from management duties with the Company. In October 2015, Brolick announced his intention to retire, with Penegor designated...

Minerva Neurosciences, Inc. (NERV) reported positive top line results from a Phase IIa clinical trial in major depressive disorder with MIN-117, an antidepressant drug candidate. The company said the results demonstrated dose-dependent superiority of MIN-117 over placebo. In the study, MIN-117 demonstrated...

abercrombie-052616.jpg Abercrombie & Fitch Co. (ANF) reported a GAAP net loss attributable to company of $39.6 million for the first quarter ended April 30, 2016 compared to a loss of $63.2 million, last year. Excluding certain items last year, net loss attributable to Abercrombie & Fitch Co. increased $2.4 million. Net...

Chico's FAS Inc. (CHS) announced new initiatives to improve its supply chain, enhance its marketing efforts and leverage non-merchandise procurement. The new initiatives are expected to reduce complexity and standardize processes across the organization, thereby improving the Company's ability to respond...

Gannett Co., Inc. (GCI) said it has urged Tribune Publishing Co.'s (TPUB) stockholders to "withhold" their votes in connection with the election of directors at the Tribune 2016 annual meeting of stockholders to be held on June 2, 2016. Gannett said it is encouraging Tribune stockholders to deliver...

Dollar Tree Inc. (DLTR) said it estimates net sales for the second quarter of 2016 to range from $5.03 billion to $5.12 billion, based on a low single-digit increase in same-store sales and year-over-year selling square footage growth of 2.4%. Earnings per share are expected to range from $0.66 to $0.72....

dollargeneral-052616.jpg Dollar General Corp. (DG) reported first-quarter net income of $295 million, or $1.03 per share compared to $253 million, or $0.84 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically...

Flexion Therapeutics Inc. (FLXN) said that it received written responses from the U.S. Food & Drug Administration to questions the company had submitted in advance of a pre-NDA meeting regarding Flexion's lead product candidate, Zilretta (also known as FX006). The FDA clearly indicated in its responses...

Movado Group, Inc. (MOV) said that it cut its outlook for fiscal 2017. In fiscal 2017, the Company anticipates that net sales will be in a range of $565.0 million to $580.0 million and operating income will be approximately $55.0 million to $60.0 million. The Company anticipates net income in fiscal...

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