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Stock Market & Financial Investment News

News Breaks
April 2, 2013
11:47 EDTBGCP, EXEL, FNP, IRM, THCHigh option volume stocks: BGCP EXEL FNP IRM THC
News For BGCP;EXEL;FNP;IRM;THC From The Last 14 Days
Check below for free stories on BGCP;EXEL;FNP;IRM;THC the last two weeks.
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September 2, 2014
06:45 EDTEXELExelixis downgraded to Hold from Buy at Stifel
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06:45 EDTEXELExelixis downgraded to Market Perform from Outperform at Cowen
Cowen downgraded Exelixis following failure of the COMET-1 Phase 3 trial to meet its primary endpoint.
September 1, 2014
18:19 EDTEXELExelixis announces 70% workforce reduction after trial failure
Exelixis said that as a result of the outcome of COMET-1, it will initiate a "significant" workforce reduction to enable the company to focus its financial resources on the late-stage clinical trials of cabozantinib in metastatic renal cell carcinoma and advanced hepatocellular carcinoma. The company will reduce its workforce by approximately 70%, or approximately 160 employees, resulting in approximately 70 remaining employees. Exelixis anticipates the one-time restructuring charge associated with the workforce reduction to be approximately $6M-$8M, with the majority to be completed by the end of Q4. As a result of this and other cost-saving measures contemplated, the company anticipates that it has sufficient cash to support its operations through the release of top-line results of the METEOR trial next year.
18:17 EDTEXELExelixis says COMET-1 phase 3 trial did not meet endpoint
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August 29, 2014
08:20 EDTTHCCommunity Health to beneift from Pennsylvania Medicaid expansion, saysBofA/Merrill
Yesterday, Pennsylvania announced an expansion of Medicaid. BofA/Merrill has not changed estimates but said the news makes estimates for 2015 look too low. The analyst said Community Health (CYH) has the largest exposure to Pennsylvania with approximately 10% of beds in the state, following by Tenet (THC) with 3% of beds in the state, and LifePoint Hospitals (LPNT) will have 6% of the beds in the state when the Conemaugh deal is finalized.
August 28, 2014
16:18 EDTIRMDatawatch appoints John Judge Chief Revenue Officer
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August 25, 2014
10:54 EDTTHCHigh option volume stocks
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August 21, 2014
08:04 EDTIRMIron Mountain to host investor meeting
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