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Stock Market & Financial Investment News

News Breaks
February 4, 2014
19:03 EDTARWR, HAIN, OCLR, IDRA, CHRW, AGEN, IDIX, MMM, GNW, MYGNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Myriad Genetics (MYGN), up 14.5%... Genworth (GNW), up 5%... Oclaro (OCLR), up 5.6%. ALSO HIGHER: 3M (MMM), up 2% after the Dow member announced a $12B share repurchase plan... Idenix Pharmaceuticals (IDIX), up 7.3% after investment firm Baupost Group raised its stake in the company to more than 35% from roughly 27% and disclosed it was granted observer rights for meetings of Idenix's board and committees. DOWN AFTER EARNINGS: C.H. Robinson (CHRW), down 6.4%... Hain Celestial (HAIN), down 7.9%. ALSO LOWER: Agenus (AGEN), down 6.2% after announcing a public offering of common stock... Idera Pharmaceuticals (IDRA), down 3.8% after filing to sell common stock and warrants... Arrowhead Research (ARWR), down 3% after reporting a larger-than-expected quarterly loss and filing a $200M mixed securities shelf.
News For MMM;MYGN;GNW;OCLR;IDIX;CHRW;HAIN;AGEN;IDRA;ARWR From The Last 14 Days
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July 2, 2015
07:32 EDTARWRArrowhead intiates dosing of ARC-AAT in patients with AATD
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June 29, 2015
07:36 EDTAGENAgenus coverage assumed with a Buy at H.C. Wainwright
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June 25, 2015
17:00 EDTMMM3M files patent infringement lawsuit in Germany for dental ceramic technology
3M has filed a patent infringement lawsuit in Düsseldorf, Germany, against Zirkonzahn Deutschland GmbH located in Neuler, Germany, and Zirkonzahn SRL located in Gais, South Tyrol, Italy. The lawsuit alleges infringement of 3M’s European Patent No. 1 154 969 B2 by using Zirkonzahn’s instructions for sintering of Zirkonzahn’s zirconia blocks. 3M’s patented technology enables dimensionally precise sintering of dental ceramics.
June 23, 2015
13:00 EDTAGENTheStreet's Feuerstein pans bullish Agenus initiation
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09:03 EDTMMM3M to buy Capital Safety from KKR in deal valued at $2.5B
3M (MMM) announced it has entered into a definitive agreement to acquire Capital Safety from KKR (KKR) for a total enterprise value of $2.5B, including the assumption of approximately $700M of debt, net of cash acquired. The business employs approximately 1,500 people worldwide and is headquartered in Bloomington, Minnesota. On a GAAP reported basis, 3M estimates the acquisition to be 4c dilutive to earnings in the first 12 months following completion of the transaction. Excluding purchase accounting adjustments and anticipated one-time expenses related to the transaction and integration, 3M estimates the acquisition to be 12c accretive to earnings over the same period. The transaction is expected to close in the third quarter, subject to customary closing conditions and regulatory approvals. 3M will finance the transaction with existing cash, a portion of which will come from outside the U.S.
07:36 EDTAGENJMP Securities to hold a conference
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June 22, 2015
14:31 EDTMMM3M files patent infringement suit in Korea against LMS Co. Ltd.
3M Innovative Properties Co. and 3M Korea Ltd. filed a patent infringement lawsuit on June 19 in the Seoul Central District Court against LMS Co. Ltd. The suit alleges that certain LMS Co. Ltd. light management film package products, including a light management film package product sold under the product name of “XLAS,” infringe 3M’s Korean Patent No. 1,074,570 titled "Method for Stacking Surface Structured Optical Films." 3M’s microreplicated stacked prism films, including 3M Advanced Structured Optical Composites (ASOC), are integrated into LCD displays. The prism films direct light to enable a thinner and more energy-efficient electronic display.
June 19, 2015
12:49 EDTOCLROptical networking stocks slide after Finisar results
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