-
Unconfirmed Rumors circulate that (JNJ) is in final stages to acquire (BSX) at $9.50 a share
Monday, April 11, 2011 - 9:54am | 29Unconfirmed Rumors circulate that (JNJ) is in final stages to acquire (BSX) at $9.50 a share..
-
Morning Market Movers (TSTY, GLBC, AMMD, LVLT)
Monday, April 11, 2011 - 9:47am | 165Tasty Baking Company (NASDAQ: TSTY) shares surged 146.58% to $3.97 at 9:45 am. Flowers Foods Inc (NYSE: FLO) announced its plans to acquire TSTY for about $4.00 per share. Global Crossing Ltd (NASDAQ: GLBC) shares advanced 77.70% to $26.30. Level 3 Communications Inc (NASDAQ: LVLT) agreed to...
-
News Summary
Monday, April 11, 2011 - 9:40am | 211Shares of Shaw Group Inc (NYSE: SHAW) gained about 1.2% about after the company reported its FQ2 profit at $2 million, or $0.01 per share, down from $61.5 million, or $0.72 per share, in the year-ago period. The company's revenue dropped to $1.42 billion from $1.62 billion. On an adjusted basis,...
-
Boston Scientific Ticks Higher On Takeover Chatter (BSX)
Monday, April 11, 2011 - 9:40am | 17Boston Scientific Ticks Higher On Takeover Chatter (NYSE: BSX)
-
Pre-Market Top Percentage Gainers and Losers (GLBC, LVLT, AMMD, ENDP, RAME, VVUS, BIIB, QUIK, MDVN, JACK, EDMC, GS, SINA)
Monday, April 11, 2011 - 9:08am | 337Best 1) Global Crossing (NASDAQ: GLBC): Vaulting 74.19% to $25.78 after Level 3 Communications (NASDAQ: LVLT) announced that it will acquire the company in an all-stock purchase (16 shares of Level 3 common stock for each share of Global Crossing common or preferred). 2) American Medical Systems...
-
Baxter Presents Phase III Clinical Study Data Assessing the Use of ARTISS for Facelift Surgery
Monday, April 11, 2011 - 8:31am | 121Baxter International Inc. (NYSE: BAX) announced today the results of a phase III study evaluating the safety and efficacy of ARTISS in 75 patients. The study compared the total drainage volume for each side of the face at 24 hours post rhytidectomy, or face lift surgery. This data was presented at...
-
Benzinga's Top Upgrades (MON, SYNT, MDT, RIG)
Monday, April 11, 2011 - 8:26am | 139Monsanto Company (NYSE: MON) was upgraded by Deutsche Bank from "hold" to "buy." MON's shares closed at $66.22 on Friday. Monsanto's trailing-twelve-month operating margin is 20.21%. Syntel Inc (NASDAQ: SYNT) was upgraded by JP Morgan from "neutral" to "overweight.” SYNT's shares closed at $55.19...
-
Benzinga's Top Pre-Market NASDAQ Gainers (TSTY, GLBC, AMMD, RAME)
Monday, April 11, 2011 - 8:18am | 173Tasty Baking Company (NASDAQ: TSTY) shares surged 142.24% to $3.90 in the pre-market session. Flowers Foods Inc (NYSE: FLO) announced its plans to acquire TSTY for about $4.00 per share. Global Crossing Ltd (NASDAQ: GLBC) shares advanced 53.72% to $22.75 in the pre-market session. Level 3...
-
J.P. Morgan: Medical Supply/Device Companies Most Likely To Benefit From Dollar's Weakness (BDX, COV, STJ, SYK, TRNX)
Monday, April 11, 2011 - 8:06am | 102In a report released this morning, J.P. Morgan said that it believes that the following companies are most likely to benefit from the dollar's weakness: Becton, Dickinson And Company (NYSE: BDX), which closed Friday at $80.76. Covidien (NYSE: COV), which closed at $52.42. St. Jude Medical Inc. (...
-
A Peek Into The Market Before The Trading Starts
Monday, April 11, 2011 - 7:40am | 412Pre-open movers US stock futures are higher this morning after another strong earthquake rattled northeastern Japan. Futures on the Dow Jones Industrial Average rose 33 points to 12,359.00 and futures on the S&P 500 stock index gained 3.70 points to 1,327.50. Nasdaq 100 futures added 8.75...
-
Jefferies Raises Abiomed Price Target To $18
Monday, April 11, 2011 - 7:22am | 107According to Jefferies, Abiomed's (NASDAQ: ABMD) Impella will continue to pump post protect II. Jefferies reported that PROTECT II subgroup analysis demonstrated positive trends despite the earlier futility determination by the DSMB. “Clinician support continues to strengthen supporting our thesis...
-
Endo Announces Agreement To Acquire American Medical Systems For $2.9B, $30.00 Per Share (ENDP, AMMD)
Monday, April 11, 2011 - 7:16am | 172Endo Announces Agreement to Acquire American Medical Systems for $2.9 Billion. * Furthers Endo's evolution from a product-driven company to a healthcare solutions provider * Strengthens Endo's leading core urology franchise while diversifying revenue, earnings and cash flow * Fulfills Endo's...
-
Jefferies Raises PT On Abiomed To $18
Monday, April 11, 2011 - 6:42am | 26Jefferies & Company has raised the price target on Abiomed (NASDAQ: ABMD) from $15 to $18 and maintains its Buy rating.
-
Wells Fargo Upgrades MDT To Outperform
Monday, April 11, 2011 - 6:13am | 42Analysts at Wells Fargo upgrade Medtronic Inc (NYSE: MDT) from “market perform” to “outperform.” MDT shares fell 0.50% to close at $39.67 on Friday. More Analyst Ratings here
-
IVAX Diagnostics Announces Entry into Stock Purchase Agreement to Improve Cash Position
Friday, April 8, 2011 - 4:05pm | 75IVAX Diagnostics, Inc. (NYSE: IVD), announced today that it has entered into a stock purchase agreement with ERBA Diagnostics Mannheim GmbH pursuant to which IVAX Diagnostics has agreed to sell and issue to ERBA Diagnostics Mannheim 20,000,000 shares of IVAX Diagnostics' common stock at a purchase...