GlaxoSmithKline (NYSE: GSK) has extended its $2.6 billion takeover offer for Human Genome Sciences (NASDAQ: HGSI) until the end of this month. The original tender period expired on June 7. GKS has now extended the tender period to June 29.
Continue reading GlaxoSmithKline Extends Offer for Human Genome Sciences (GSK, HGSI)
Chesapeake Energy Corporation (NYSE: CHK), today, announced that is planning to sell its pipeline and related assets to Global Infrastructure in three separate transactions for over $4 billion. CHK is selling its pipeline assets in order to plug a funding shortfall.
Continue reading Chesapeake Energy Announces Sale of Pipeline Assets (CHK)
Pall Corporation (NYSE: PLL), today, reported an 11% increase in third-quarter earnings. However, PLL’s core earnings dropped due to higher expenses and flat revenue. The company’s results also missed Street estimates, sending shares down sharply.
J.M. Smucker Company (NYSE: SJM), a manufacturer and marketer of branded food products, today reported its fourth-quarter financial results, posting a 9.7% increase in profit. SJM’s sales grew more than forecast in the fourth quarter despite a lower product volume.
Lululemon Athletica Inc. (NASDAQ: LULU), designer and retailer of technical athletic apparel operating primarily in North America and Australia, today, reported that its first-quarter profit climbed 40%. Despite posting better-than-expected first-quarter earnings, LULU shares have fallen sharply in pre-market trading today.
Continue reading Lululemon Athletica Q1 Profit Rises 40% (LULU)
WellPoint Inc. (NYSE: WLP), a health benefit company, on Monday announced that it agreed to acquire 1-800 CONTACTS Inc., a leading online retailer of contact lenses in the U.S. The acquisition of 1-800 CONTACTS advances WLP’s growth strategy and also enhances the company’s ability to build direct-to-consumer relationships.
Continue reading WellPoint to Acquire 1-800 CONTACS Inc. (WLP)
Salesforce.com Inc. (NYSE: CRM), provider of enterprise cloud computing and social enterprise solutions, has reached an agreement to acquire Buddy Media for $689 million. The acquisition of Buddy Media further expands CRM’s presence in social media marketing.
Oil and gas giant BP Plc (ADR) (NYSE: BP) on Friday said that it is seeking to sell its stake in Russian joint venture, TNK-BP. The oil major said that it informed its joint venture partner that it is considering a potential sale of its 50% stake in TNK-BP.
Ford Motor Company (NYSE: F), today, reported that its U.S. new-vehicle sales climbed 13% in the month of May, driven by strong truck and Ford-brand sales. However, sales results missed estimates from Edmunds.com, pushing shares of the Dearborn, Michigan-based automaker lower.
Shares of Ciena Corporation (NASDAQ: CIEN) surged on Thursday after the Linthicum, Maryland-based company said that its second-quarter loss narrowed as revenue rose 14%.
Continue reading Ciena Shares Surge as Q2 Loss Narrows (CIEN)