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News Breaks
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October 16, 2009
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| 16:12 EDT |  | DGX, MMM, MMM |
| theflyonthewall.com: | FDA issues emergency use authorization for commercial H1N1 flu test from Quest | | The U.S. FDA issued a second emergency use authorization to Focus Diagnostics, the infectious disease diagnostics business of Quest Diagnostics (DGX), for its 2009 H1N1 influenza virus test. With the EUA, Focus Diagnostics is the only company in the U.S. to offer test kits for detecting the pandemic 2009 H1N1 virus that the FDA has authorized for emergency use by CLIA high-complexity labs, which include certain hospital and regional labs. The test allows clinicians to quickly and definitively identify infected patients, differentiating from those who have similar symptoms. The new EUA authorizes Focus Diagnostics to market and offer its Simplexa Influenza A H1N1 test for use on the 3M Integrated Cycler from 3M (MMM) to CLIA high complexity laboratories for the duration of the emergency. The 3M Integrated Cycler is a microfluidic molecular diagnostic testing system and is not FDA cleared or approved. Used on the 3M platform, the test can provide increased capacity for 2009 H1N1 influenza virus testing to a wide range of CLIA-high complexity laboratories, including many hospitals, coping with a surge in testing demand. The new test offering is one outgrowth of an exclusive global distribution agreement formed between Focus Diagnostics and 3M under which Focus will develop and offer its first line of molecular diagnostic test kits, to be sold under the Simplexa brand name, on the 3M Integrated Cycler. The 2009 H1N1 influenza test kit is the first offering from the Simplexa product line, and the company plans to launch additional Simplexa test kits on the 3M Integrated Cycler for infectious diseases in 2010. :theflyonthewall.com |
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February 9, 2012
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| 23:16 EDT | | MMM |
| | 10:32 EDT |  | MMM |
| theflyonthewall.com: | On The Fly: Analyst Downgrade Summary | | Today's noteworthy downgrades include: Diamond Foods (DMND) downgraded to Neutral from Buy at SunTrust...3M Company (MMM) downgraded to Hold from Buy at Deutsche Bank...Sohu.com (SOHU) downgraded to Hold from Buy at Deutsche Bank...Amgen (AMGN) downgraded to Perform from Outperform at Oppenheimer...A123 Systems (AONE) downgraded to Sell from Hold at Wunderlich...iRobot (IRBT) downgraded to Underweight from Neutral at JP Morgan...Federated Investors (FII) downgraded to Underperform from Neutral at Macquarie...CVS Caremark (CVS) downgraded to Neutral from Outperform at Macquarie...DirecTV (DTV) downgraded to Neutral from Outperform at Macquarie...Wright Express (WXS) downgraded to Neutral from Buy at Janney Capital...Boyd Gaming (BYD) downgraded to Equal Weight from Overweight at Barclays...Joy Global (JOYG) downgraded to Hold from Buy at Jefferies...DuPont Fabros (DFT) downgraded to Hold from Buy at Jefferies...DuPont Fabros downgraded to Market Perform from Outperform at Wells Fargo...TripAdvisor (TRIP) downgraded to Hold from Buy at Benchmark Co. :theflyonthewall.com |
| | 06:04 EDT | | MMM |
| theflyonthewall.com: | 3M Company downgraded to Hold from Buy at Deutsche Bank | | Deutsche Bank downgraded 3M citing valuation and the retirement of its CEO George Buckley. The firm maintains a $95 price target for shares. :theflyonthewall.com |
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February 8, 2012
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| 12:13 EDT |  | MMM |
| theflyonthewall.com: | On The Fly: Mid-Day Wrap | | Stocks on Wall Street were lower at mid-day, as a rally that has extended through most sessions this year took a pause. Each of the major indices has moved into negative territory. The averages hung around the flat line for most of the early morning, as the absence of any major news kept the market from establishing a firm direction. In the end, the absence of news sent the averages into negative territory, as the wait for a deal between Greece and the EU has left investors frustrated and on the sideline... ECONOMIC EVENTS: Domestically, the MBA Mortgage Applications Composite Index was up 7.5% for the week. Crude inventories rose by 304K barrels, less than the consensus forecast of a 2.5M barrel build. As for Europe, the Journal said the ECB is making concessions that will help Greece lower its debt burden, but investors still await the announcement of a deal that will secure Greece's next bailout payment... MARKET NEWS: Disney (DIS) shares rose as BMO Capital and Credit Suisse raised their price targets after the company's adjusted earnings beat estimates. Among other large cap companies reporting results, Cerner (CERN), Ralph Lauren (RL), and CVS Caremark (CVS) advanced, while Western Union (WU) and BHP Billiton (BHP) retreated... 3M (MMM) announced that Inge Thulin will take over as CEO when George Buckley retires... Shares of Caesar's Entertainment (CZR) traded actively after its IPO opened for trade at $9.06... MAJOR MOVERS: Among the notable gainers were CSC (CSC), Calix (CALX), and Buffalo Wild Wings (BWLD), after they each had upside earnings surprises. Noteworthy losers included Silicon Graphics (SGI), after its earnings and guidance severely disappointed, and Higher One (ONE), following downgrades at Craig-Hallum and Raymond James on its Q4 report... INDICES: Near noon, the Dow was down 36.33, or 0.28%, to 12,841.87; the Nasdaq was down 5.04, or 0.17%, to 2,899.04; and the S&P 500 was down 2.26, or 0.17%, to 1,344.79. :theflyonthewall.com |
| | 09:06 EDT | | MMM |
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February 7, 2012
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| 17:34 EDT | | MMM |
| theflyonthewall.com: | 3M Company raises dividend 7% to 59c | | The Board of Directors of 3M declared a dividend on the company's common stock of 59c per share for the Q1, a 7% increase over the quarterly dividend paid in 2011. The dividend is payable on March 12 to shareholders of record at the close of business on February 17. :theflyonthewall.com |
| | 07:11 EDT |  | MMM |
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February 6, 2012
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| 13:09 EDT | | MMM |
| theflyonthewall.com: | 3M Company extends partnership with FLW | | FLW announced that it has reached an agreement with 3M, extending their partnership for the 2012 season. 3M will retain exposure across all platforms of FLW, including its tournaments, expos, multiple websites, and magazines. :theflyonthewall.com |
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February 3, 2012
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| 12:11 EDT | | MMM |
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February 2, 2012
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| 11:56 EDT |  | DGX |
| theflyonthewall.com: | Quest Diagnostics management to meet with Lazard Capital | | Meeting to be held in Boston on February 7 hosted by Lazard Capital. :theflyonthewall.com |
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