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Goldman Sachs Downgrades HSP To Neutral
Wednesday, May 11, 2011 - 8:46am | 74Goldman Sachs is moving to the sidelines on Hospira (NYSE: HSP). “Our long-term bias remains positive; however, we see better opportunities elsewhere and few near-term catalysts until the company's September 2011 analyst meeting,” Goldman Sachs writes. “In addition, we think the company will need...
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Medtronic Board of Directors Announces Appointment of Omar Ishrak as Chairman and CEO (MDT)
Wednesday, May 11, 2011 - 8:33am | 163Medtronic Inc. (NYSE: MDT) announced today that its board of directors named Omar Ishrak as the company's new chairman and chief executive officer, effective June 13, 2011. Ishrak formerly served as president and CEO of GE Healthcare Systems, a $12 billion division of GE Healthcare supported by...
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Medtronic Announces Appointment of Omar Ishrak as Chairman and CEO
Wednesday, May 11, 2011 - 8:31am | 75Medtronic Inc. (NYSE: MDT) announced today that its board of directors named Omar Ishrak as the company's new chairman and chief executive officer, effective June 13, 2011. Ishrak formerly served as president and CEO of GE Healthcare Systems, a $12 billion division of GE Healthcare supported by...
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Varian Medical Systems to Exhibit Full Spectrum of Prostate Cancer Treatment Approaches at the American Urological Association Meeting
Wednesday, May 11, 2011 - 8:05am | 103Varian Medical Systems (NYSE: VAR) will showcase the company's full spectrum of prostate cancer treatment technologies at the upcoming American Urological Association Meeting in Washington, D.C. During the meeting, Varian will sponsor a series of presentations covering emerging treatments and...
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Given Imaging Announces Positive Results From European Multicenter Study of Second-Generation PillCam COLON (GIVN)
Wednesday, May 11, 2011 - 7:01am | 109Given Imaging Ltd. (NASDAQ: GIVN), a world leader in GI medical devices and pioneer of capsule endoscopy, announced today that data from the largest European multicenter study of PillCam COLON 2 conducted to date confirm that the second-generation PillCam COLON capsule has higher sensitivity for...
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Thoratec Announces Development Agreement With WiTricity for Proprietary Energy Transfer Technology (THOR)
Tuesday, May 10, 2011 - 4:32pm | 177Thoratec Corporation (NASDAQ: THOR), a world leader in device-based mechanical circulatory support therapies to save, support and restore failing hearts, today announced a technology development agreement with WiTricity Corporation relating to WiTricity's proprietary wireless resonant energy...
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Using the Euro as a Barometer 05-10-2011
Tuesday, May 10, 2011 - 4:03pm | 1002Cusick's Corner The market bounced this morning after a brief breach of support, 1340 level for the June S&P and 134 level for the SPY; back up on a weak Buck and the promise of continual economic growth. The short-term market action needs to break current resistance, 1350 on the June future,...
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Boston Scientific Plunges As CEO Retires (BSX)
Tuesday, May 10, 2011 - 1:45pm | 151Shares of Boston Scientific (NYSE: BSX) plunged intra-day on Tuesday on the announcement that the company's President and CEO Ray Elliott will retire as of December 31, 2011. Currently, BSX shares are down 10.38% to $6.91. "We believe we have accomplished a lot during my time here: a...
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Meridian Bioscience Receives FDA Clearance for New Premier C. difficile GDH Assay
Tuesday, May 10, 2011 - 1:30pm | 80Meridian Bioscience, Inc. (NASDAQ: VIVO) today announced that it has received clearance from the U.S. Food and Drug Administration for a new Clostridium difficile immunoassay named Premier™ C. difficile GDH. This product expands the Company's existing portfolio of C. difficile tests and has been...
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Market Upgrades on 5/10/11- HEOP, KNDL, KWK, LPX, MR, ROSE, SAM, SKS, VIA.B, ALKS, BAP, COLB, CPN, FE, GBL, GTXI
Tuesday, May 10, 2011 - 10:49am | 1309Raymond James upgraded shares of Heritage Oaks Bancorp (HEOP), a holding company for Heritage Oaks Bank (the Bank) from an “underperform” rating to a “market perform” rating. Raymond James upgraded shares of Kendle International (KNDL), a global clinical research organization (CRO) that provides...
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Boston Scientific Announces Retirement of Ray Elliott as President and CEO Effective End of 2011 (BSX)
Tuesday, May 10, 2011 - 10:48am | 53Boston Scientific Corporation (NYSE: BSX) today announced that Ray Elliott will retire as President and Chief Executive Officer on December 31, 2011. The Board has created a special CEO search committee, on which Elliott will serve as a member, to select the Company's next President and CEO.
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Market Analysts coverage on 5/10/11- NRG, OLP, RIO, TAL, TRGP, VIVO, VRX, VVC, AAUKY, BHP, BOBE, CEPH, CSCO, CZZ, GPK, MDVN, NGLS, NNA
Tuesday, May 10, 2011 - 10:14am | 1311Dahlman Rose analysts initiated coverage on shares of NRG Energy Inc. (NRG),a wholesale power generation company. They set a “buy” rating and a $29.00 price target on the stock. Compass Point analysts initiated coverage on shares of a self-administered and self-managed real estate investment...
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NASDAQ Stocks Hitting 52-Week Highs (HSTM, HAYN, FONR, FOSL)
Tuesday, May 10, 2011 - 10:08am | 154HealthStream Inc (NASDAQ: HSTM) shares surged 3.08% to create a new 52-week high of $10.88. HSTM shares have surged 117.53% over the past 52 weeks, while the S&P 500 index has gained 16.09% in the same period. Haynes International Inc (NASDAQ: HAYN) shares jumped 4.22% to create a new 52-week...
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Morning Market Movers (PDEX, FONR, ORBT, CKXE)
Tuesday, May 10, 2011 - 9:49am | 130Pro-Dex Inc (NASDAQ: PDEX) jumped 57.30% to $3.78 at 9:45 am. PDEX reported a 399% y/y jump in its FQ3 net income. Fonar Corporation (NASDAQ: FONR) shares advanced 42.66% to $3.11. FONR reported its FQ3 net income at $1.2 million, versus a net loss of $8,000, in the year-ago period. Orbit...
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Sirona Says Offer Price $53.40 Per Share (SIRO)
Tuesday, May 10, 2011 - 9:31am | 102Sirona Dental Systems (Nasdaq: SIRO) today announced the pricing of the previously announced public secondary offering of 9,747,480 shares of its common stock by Sirona Holdings Luxco S.C.A. and 400,000 shares of its common stock by Jeffrey T. Slovin, Sirona's President and a member of its board of...