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Stock Market & Financial Investment News

News Breaks
March 10, 2013
21:17 EDTBASI, IDXX, CVD, CRL, NEOG, PRXL, ECL, MMMChina government overhaul includes food and drug safety, WSJ says
China plans to overhaul government agencies including the organizations that oversee its one-child policy and its food and drug safety, says the Wall Street Journal. Reference Link
News For MMM;NEOG;IDXX;ECL;CRL;BASI;PRXL;CVD From The Last 14 Days
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June 30, 2015
07:19 EDTECLEcolab management to meet with Deutsche Bank
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June 29, 2015
07:55 EDTIDXXZoetis could make a bid for IDEXX, says Canaccord
Canaccord hosted investor meetings with IDEXX (IDXX) management, who spoke about new product launches and their market share in light of competitive concerns. Management declined to comment on Zoetis' (ZTS) potential interest in scaling up its animal health diagnostics business, said Canaccord, which noted that it thinks Zoetis could make a bid for IDEXX. Canaccord reiterated its Buy rating and $80 price target on IDEXX shares, citing its cash on the balance sheet, low interest rates, recent CEO stock purchases and new product cycles that skew the risk/reward to the upside.
June 25, 2015
17:00 EDTMMM3M files patent infringement lawsuit in Germany for dental ceramic technology
3M has filed a patent infringement lawsuit in DŁsseldorf, Germany, against Zirkonzahn Deutschland GmbH located in Neuler, Germany, and Zirkonzahn SRL located in Gais, South Tyrol, Italy. The lawsuit alleges infringement of 3Mís European Patent No. 1 154 969 B2 by using Zirkonzahnís instructions for sintering of Zirkonzahnís zirconia blocks. 3Mís patented technology enables dimensionally precise sintering of dental ceramics.
07:49 EDTPRXLPAREXEL shares should be bought on weakness, says Wells Fargo
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June 24, 2015
07:26 EDTPRXLPAREXEL price target raised to $82 from $72 at UBS
UBS raised its price target on PAREXEL to $82 from $72 following the company's updated guidance. The firm sees gains from cost cutting, margin expansion and the growth of strategic partners. UBS reiterated its Buy rating on PAREXEL shares.
June 23, 2015
16:18 EDTPRXLPAREXEL maintains mid-point of prior FY15 EPS guidance at $2.74
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16:17 EDTPRXLPAREXEL to record $35M-$45M charge from restructuring
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16:13 EDTPRXLPAREXEL sees double digit growth in EPS for 2016
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16:11 EDTPRXLPAREXEL sees FY16 EPS $3.02-$3.38, consensus $3.24
Sees FY16 revenue $2.16B-$2.21B, consensus $2.2B.
16:10 EDTPRXLPAREXEL narrows FY15 EPS view to $2.70-$2.78 from $2.65-$2.83, consensus $2.75
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16:06 EDTPRXLPAREXEL sees Q4 EPS 70c-78c, consensus 75c
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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.
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 ďXLAS,Ē infringe 3Mís Korean Patent No. 1,074,570 titled "Method for Stacking Surface Structured Optical Films." 3Mís 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.

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