Shares of Biogen Idec Inc. (NASDAQ: BIIB) gained in premarket hours on Thursday after the FDA said late on Wednesday that it has approved the biotechnology Company’s new multiple sclerosis drug, Tecfidera.
Continue reading FDA Approves Biogen Idec’s Potential Blockbuster Treatment for MS (BIIB)
Shares of Genworth Financial Inc. (NYSE: GNW) edged up in afterhours trading on Wednesday after the life insurer and mortgage underwriter announced that it agreed to offload its wealth management unit and alternative investment business to a partnership venture of Aquiline Capital Partners LLC and Genstar Capital LLC in deal estimated at $412.5 million.
Continue reading Genworth Financial to Sell its Wealth-Management Business (GNW)
Shares of Creative Edge Nutrition Inc. (PINK: FITX), a company engaged in the development of health oriented nutrition products, are rallying in trading today. At last check, the stock was trading 15.05% higher at $0.0107 on above average volume of 167.86 million. The stock has gained more than 84% in the last three trading sessions.
Social networking giant, Facebook Inc. (NASDAQ: FB), which boasts to have 1 billion subscribers, said through an email statement that number of people playing games on its services have jumped 24% in last twelve months, adding that desktop game users are now more than 250 million, up from 235 million in October. Facebook said it shelled out $2 billion to developers in 2012.
Continue reading More Than 250 Million People Play Games on Facebook Site Every Month: Facebook (FB)
Shares of Lindsay Corp. (NYSE: LNN) tumbled after the Company warned that orders for its equipments could drop due if prices of crops fall. The Company said that if US harvests turn out to be as strong as anticipated by some commentators then it could have adverse impact on its top line. The company said that until now it benefitted from “positive farmer sentiment” and “historical high farm incomes”
Continue reading Major Movers on March 27; LNN, CLF, AOL, FRAN, MFRM, SAI
Science Applications International Corp., (SAIC Inc.) (NYSE: SAI) reported mixed fiscal fourth-quarter results late on Tuesday and provided cautious guidance on the current fiscal year; however, shares leaped about 4.20% in aftermarket hours after the multi industry solution provider announced a special dividend of $1 a share.
Continue reading SAIC Announces Special Dividend of $1 a Share, Q4 Results and Outlook Mixed (SAI)
Shares of Red Giant Entertainment Inc. (PINK: REDG), a printer, publisher and seller of comic books, rallied in trading today. REDG shares ended the day 21.82% higher at $0.0201 on above average volume of 34.14 million. The stock hit an intra-day high of $0.03.
Shares of beleaguered supermarket chain, Supervalu Inc. (NYSE: SVU) rallied on Tuesday after the Company said it will cut 1,100 or 3% of its workforce nationwide as it looks to trim its store network.
Continue reading Supervalu to Cut About 1,110 Jobs, Shares Rally (SVU)
Shares of Sonic Corporation (NASDAQ:SONC) rallied after the drive-in restaurant chain, late last evening reported fiscal second quarter non-GAAP earnings which came in-line with Street’s expectation as expenses fell. Revenue however fell marginally short of Street’s expectation.
Continue reading Major Movers on March 26; SONC, BRP, NFLX, PLCE, ZIOP, SVU, RFMD
U.S. regulator, the Securities and Exchange Commission, (SEC) on Monday agreed to NASDAQ OMX Group’s $62 million compensation plan meant for brokerage firms that lost money during Facebook Inc’s (NASDAQ: FB) botched IPO at the NASDAQ stock exchange on May 18, last year.
Continue reading Regulators Approve NASDAQ OMX’s Compensation Plan over Facebook’s Botched IPO (FB)