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Stock Market & Financial Investment News

News Breaks
April 2, 2013
11:47 EDTTHC, EXEL, IRM, BGCP, FNPHigh option volume stocks: BGCP EXEL FNP IRM THC
News For BGCP;EXEL;FNP;IRM;THC From The Last 14 Days
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November 21, 2014
06:46 EDTTHCObama to prevent deportation of millions of illegal immigrants, Reuters says
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November 20, 2014
17:09 EDTBGCPBGC Partners files to sell 20M shares of Class A Common Stock
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10:18 EDTTHCHospitals would be hurt by immigrant amnesty, Leerink Swann says
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08:56 EDTBGCPBGC Partners extends tender offer to acquire GFI Group
BGC Partners (BGCP) announced that it has extended the expiration date of its tender offer to acquire all of the outstanding shares of GFI Group (GFIG) it does not currently own for $5.25 per share in cash. The tender offer is now scheduled to expire at 5:00 pm New York City time on December 9, unless extended.
08:00 EDTTHCObama amnesty poses 'material' risk to hospitals, says Leerink
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07:38 EDTEXELThe Federal Energy Regulatory Commission (FERC) to hold a meeting
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November 19, 2014
12:12 EDTBGCPBGC Partners resolves matters with FCA
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November 16, 2014
13:12 EDTEXELExelixis announces data from trial of XL888 and vemurafenib
Exelixis announced preliminary results from a phase 1 investigator-sponsored trial, IST, evaluating the safety and activity of XL888, an Exelixis-discovered small molecule oral inhibitor of Heat Shock Protein 90, HSP90, in combination with vemurafenib in patients with unresectable stage III/IV BRAF V600 mutation-positive melanoma. Safety and efficacy results support the further investigation of 90 mg of XL888 twice weekly, BIW and vemurafenib 960 mg twice daily,BID, in additional studies that would include a third agent. The trial results were presented today by Keiran Smalley, Ph.D., an investigator on the trial and an associate professor at H. Lee Moffitt Cancer Center, Tampa, Florida, in a late-breaking oral presentation session at the Society for Melanoma Research 2014 International Congress, which is taking place November 13-16, in Zurich, Switzerland. Based on these results, as well as findings from coBRIM, the phase 3 pivotal trial of cobimetinib, an Exelixis-discovered MEK inhibitor, and vemurafenib in previously untreated metastatic melanoma patients with a BRAF V600 mutation, the Moffitt Center plans to initiate a phase 1b IST of the triple combination of vemurafenib, cobimetinib, and XL888 in a similar patient population. “The BRAF inhibitor vemurafenib is active in BRAF-mutated malignant melanoma, but development of resistance is common. Preclinical studies led by Keiran Smalley, Ph.D. suggested that most BRAF inhibitor resistance mechanisms involve proteins that are clients of HSP90, and the preclinical evaluation of XL888 showed that it is highly active in vemurafenib-resistant melanoma models,” said Jeffrey Weber, MD, Ph.D., director of the Donald A. Adam Comprehensive Melanoma Research Center at the Moffitt Cancer Center and Research Institute in Tampa, FL. “The current phase 1 data show that both drugs can be given together, and compelling initial response results suggest potential cooperative activity.” “About half of metastatic melanoma patients whose tumors harbor a BRAF V600 mutation respond to vemurafenib, but most of them develop resistance and their tumors begin to regrow,” said Michael M. Morrissey, Ph.D., president and chief executive officer of Exelixis. “Multiple mechanisms drive this resistance, and the team at Moffitt found that many of them involve upregulation of HSP90 client proteins that are sensitive to XL888. We look forward to supporting the Moffitt team as they continue to evaluate XL888 as part of our IST program.”
November 14, 2014
09:38 EDTIRMJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 12, 2014
16:41 EDTBGCPBGC Partners issues letter to GFI Group holders
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09:01 EDTTHCNurses expected to protest, strike over Ebola protection, Reuters says
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05:32 EDTTHCHospital sector downgraded to Market Weight at Wells Fargo
Wells Fargo downgraded the Hospital group to Market Weight from Overweight saying the Supreme Court's decision to hear the King v. Burwell case as well as the government's reduced expectations for exchange enrollment in 2015 are likely to remain an overhang on the sector through at least the end of June. Along with the group cut, Wells downgraded shares of HCA Holdings (HCA) and Community Health (CYH) to Market Perform from Outperform. The firm keeps Market Perform ratings on Acadia (ACHC), LifePoint Hospitals (LPNT), Tenet (THC) and Universal Health (UHS).
November 11, 2014
08:32 EDTIRMIron Mountain selling shredding operations in UK, Ireland, Australia for $29.8M
Iron Mountain announced it has signed a definitive agreement to divest its international shredding operations located in the United Kingdom, Ireland and Australia to Shred-it International ULC for approximately $29.8M. Additionally, Iron Mountain has agreed to acquire Canadian-based Securit Records Management Inc., an affiliate of Shred-it International ULC, for approximately $29M. The deals are subject to customary closing conditions and price adjustments, and are expected to close by the end of the year. Iron Mountain’s international shredding operations include eight shredding plants and approximately 90 mobile shredding units across the UK, Ireland, and Australia. Going forward, Iron Mountain and Shred-it will work together to provide seamless support for shared customers in these regions. Additionally, the acquisition of Securit Records Management aligns with Iron Mountain’s vision to expand its capacity to provide records management services and to grow its brand as a leading information management solution provider. Securit Records Management in Canada consists of nine facilities and three million cubic feet of records. Two of the largest facilities are located in Ottawa and Toronto, where Iron Mountain sought additional space to support new and existing customers. Iron Mountain will continue to operate its substantial shredding business throughout North America, which includes 21 plants, 290 mobile shredding units and serves more than 43,000 customers.
08:15 EDTTHCUniversal Health recent pullback a buying opportunity, says Leerink
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