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Company news for January 14, 2010 - Corporate Summary
Thursday, January 14, 2010 - 10:26am | 176• Goldman Sachs (NYSE:GS) said Apple (NASDAQ:AAPL) is likely to unveil its new iPhone as soon as June, with a more advanced camera and perhaps a touch-sensitive casing • Rio Tinto (NYSE:RTP) reported a 49% surge in iron ore production, beating its prior projections, to 47.2 million tonnes in the...
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Citigroup Is Optimistic About PPG
Thursday, January 14, 2010 - 9:50am | 52Citigroup upgraded PPG Industries (NYSE: PPG) from “hold” to “buy.” Citigroup expects PPG to benefit from an increase in auto production in 2010. After rising by 1.05% to $61.47 yesterday, PPG lost 0.06% to reach $61.44 in after-hours trading. The target price for PPG has been raised from $62 to $...
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LyondellBasell Rejects Reliance Offer
Friday, January 8, 2010 - 12:48pm | 124Luxembourg-based LyondellBasell rejected an offer of $13.5 billion from India’s Reliance Industries ltd. According to the Wall Street Journal, a restructuring plan proposed by Lyondell that would keep the company independent would, by comparison, value it at about $15.5 billion. Reliance now...
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Company News for January 06, 2010 - Corporate Summary
Wednesday, January 6, 2010 - 10:01am | 181• Goldman Sachs (NYSE:GS) added 3M (NYSE:MMM) to its Conviction Buy List, with a price target of $105 up from $100 • Family Dollar (NYSE:FDO) reported fiscal first quarter earnings of 49 cents a share, two pennies higher than projected, on inline revenues of 1.82 billion • Beazer Homes (NYSE:BZH)...
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Commodity And Oil Prices Higher In 2010, Shares Move Up (FCX, AKS, GLD, GDX, CAL, AMR, DAL)
Monday, January 4, 2010 - 1:57pm | 303According to the International Monetary Fund (IMF) forecast, commodity prices are set to rise higher this year, with faster expansion in the global economy. The IMF stated that the industrialization of emerging countries supports consumption, as a result of which commodity prices might remain high...
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Micromet's Pipeline Impresses - Analyst Blog
Wednesday, December 30, 2009 - 11:31am | 474We have been waiting for final phase II data on Micromet’s (MITI) lead pipeline candidate blinatumomab, which was presented earlier this month at the American Society of Hematology (ASH) meeting. The company’s product pipeline consists of novel antibodies generated with the proprietary bispecific...
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Cell Therapeutics Guards Itself - Analyst Blog
Tuesday, December 29, 2009 - 11:45am | 483In an attempt to guard itself against hostile takeover, Cell Therapeutics (CTIC) adopted a shareholder rights plan. The plan, to be effective from Jan 7, 2010, has been designed so that a potential buyer has to discuss any offer with Cell Therapeutics' board of directors before approaching the...
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Dow Chemical Co. (DOW) Maintains A Hold Rating
Wednesday, December 23, 2009 - 11:45am | 111Analysts at Argus have maintained a Hold rating for Dow Chemical Co. (NYSE: DOW). The analysts feel that the company continues to experience a weak demand for its products due to the lingering effects of the recession and is likely to see a continued decline in year-over-year revenue and volume....
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CEPH Drug Gains on Positive Data - Analyst Blog
Friday, December 11, 2009 - 12:46pm | 453Cephalon, Inc. (CEPH)’s oncology product Treanda could see a significant rise in demand thanks to encouraging data presented at the recently conducted annual meeting of the American Society of Hematology (ASH). Clinical data supporting the use of Treanda as a new standard of care in the first-line...
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Geron's GRNVAC1 Shows Promise - Analyst Blog
Friday, December 11, 2009 - 12:32pm | 374Biotech company Geron (GERN) recently presented encouraging interim data on its pipeline candidate, GRNVAC1, at the annual meeting of the American Society of Hematology (ASH). GRNVAC1 is a vaccine, which is being developed to help extend the remission of acute myelogenous leukemia (AML). Data from...
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PPG Industries To Repurchase 5 Million Shares
Thursday, December 10, 2009 - 5:52pm | 58PPG Industries (NYSE: PPG), the Pennsylvania-based maker of paints, coatings, chemicals, glass, fiberglass and other materials, said it will add 5 million shares to an already existing share repurchase plan. PPG has repurchased about 8.8 million shares under a 10 million share buyback plan...
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Positive Data on Genzyme's Campath - Analyst Blog
Thursday, December 10, 2009 - 1:23pm | 536Genzyme Corp. (GENZ) recently presented encouraging interim results on its oncology product, Campath, at the annual meeting of the American Society of Hematology (ASH). Results from the randomized phase III study (CAM314) showed that Campath, when used in combination with Fludara (FluCAM),...
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Zacks Analyst Blog Highlights: Texas Instruments, AutoZone, Inc., International Business Machines, Marriott International Inc. and Cell Therapeutics - Press Releases
Thursday, December 10, 2009 - 9:00am | 1611For Immediate Release Chicago, IL – December 10, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include:...
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J.P. Morgan Issues Update From ASTA Conference
Wednesday, December 9, 2009 - 6:38pm | 110J.P. Morgan updated its news from the agricultural sector today based on information gleaned at the American Seed Trade Association (ASTA) conference in Chicago. The bank said that Monsanto (NYSE: MON) reported a 9.9 bushel North American yield advantage for its five leading DEKALB corn hybrids....
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Cell Therapeutics' Positive Data - Analyst Blog
Wednesday, December 9, 2009 - 3:38pm | 399Cell Therapeutics (CTIC) announced positive data from the pivotal phase III EXTEND (PIX 301) clinical trial of pixantrone in relapsed or refractory, aggressive non-Hodgkin's lymphoma (NHL) patients who have not responded to 2 or more prior therapies. The data were presented at the 2009 American...