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Stock Market & Financial Investment News

News Breaks
February 10, 2014
08:36 EDTMRK, SSNLF, BIIBMerck, Samsung Bioepis enter collaboration agreement
Merck (MRK) and Samsung Bioepis, a joint venture between Samsung (SSNLF) Biologics and Biogen (BIIB), announced that they have expanded their collaboration with an agreement to develop, manufacture and commercialize MK-1293, an insulin glargine candidate for the treatment of patients with type 1 and type 2 diabetes. Phase III clinical studies in type 1 and type 2 diabetes will begin soon. Under the terms of the agreement, the companies will collaborate on clinical development, regulatory filings and manufacturing. If approved, Merck will commercialize this candidate. This collaboration builds on the agreement made by the two companies in February 2013 to develop and commercialize multiple biosimilar candidates.
News For MRK;SSNLF;BIIB From The Last 14 Days
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July 15, 2014
06:11 EDTSSNLFSamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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06:02 EDTSSNLFSamsung, Nest, ARM team up for Thread wireless networking protocol
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July 14, 2014
06:54 EDTSSNLFSamsung ceases business with China supplier, Reuters says
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July 12, 2014
18:33 EDTSSNLFIntel looks to Chinese unbranded makers to boost tablet presence, WSJ says
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July 11, 2014
05:57 EDTSSNLFSamsung revamping app store for phones and tablets, Re/code reports
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July 10, 2014
16:12 EDTMRKMedivation names Dawn Svoronos as Chief Commercial Officer
Medivation (MDVN) announced Dawn Svoronos has been appointed as its chief commercial officer, reporting to David Hung, M.D., founder, CEO and president of Medivation. Svoronos currently is a member of Medivation's Board of Directors and is a former president of Europe and Canada for Merck & Co. (MRK), where she oversaw commercial operations in approximately 30 EU and EU accession countries. Svoronos will lead Medivation's commercial organization on an interim basis and will participate in the company's search for a permanent chief commercial officer. Cheryl Cohen, Medivation's former chief commercial officer, has left the company to pursue other opportunities.
07:36 EDTSSNLFSamsung facing new child labor claims at Chinese supplier, FT says
A week after Samsung Electronics assured that there was no underage labor involved in making its products, China Labor Watch has made a new claim to have found evidence of five child workers at a Samsung supplier in southern China, reported Financial Times. Reference Link
06:26 EDTSSNLFTablet quarterly shipments fall for first time to 56M on year, DigiTimes says
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July 9, 2014
08:31 EDTSSNLFRovi renews, expands patent license agreement with Samsung
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07:23 EDTBIIBBiogen price target raised to $375 from $325 at RBC Capital
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06:39 EDTSSNLFGlobal LCD TV shipments to increase to 210.8M units in 2014, DigiTimes says
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06:39 EDTSSNLFSamsung's virtual reality headset called Gear VR, Sam Mobile reports
The first picture of Samsung's rumored virtual reality headset has leaked on Sam Mobile, a Samsung news website. The headset, which will be called Gear VR, features a modular design that will let users dock in a Galaxy device into the front of the headset. Reference Link
06:28 EDTSSNLFInvestors urge Samsung to raise dividends, restart buybacks, WSJ reports
A number of U.S. investors have taken large stakes in Samsung (SSNLF) with some of them like Perry Capital, Yacktman Asset Management and Artisan Partners (APAM) pushing executives to increase dividends and restart share buybacks, reports the Wall Street Journal. The demands have come after a low return to shareholders despite cash reaching new highs. Reference Link
06:16 EDTSSNLFQuclomm places FinFET chip orders with Samsung, DigiTimes reports
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06:15 EDTSSNLFTSMC to speed up development of 19nm process, DigiTimes reports
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July 8, 2014
07:20 EDTSSNLFArmed robbers steal $6.3M of electronics from Samsung factory in Brazil, AP says
Armed robbers have stolen $6.3M worth of mobile phones and computers from a Samsung factory in Brazil during the night shift, the Associated Press reports. Police believe 20 robbers participated and carted out 40,000 finished products in trucks. Reference Link
07:17 EDTMRKLeerink raises immuno-oncology market forecast to $36B
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06:17 EDTSSNLFAtmel, Broadcom, Intel, Samsung announce collaboration
Atmel (ATML), Broadcom (BRCM), Dell, Intel (INTC), Samsung (SSNLF) and Wind River are joining forces to establish a new industry consortium focused on improving interoperability and defining the connectivity requirements for the billions of devices that will make up the Internet of Things. The Open Interconnect Consortium is focused on defining a common communications framework based on industry standard technologies to wirelessly connect and intelligently manage the flow of information among personal computing and emerging IoT devices, regardless of form factor, operating system or service provider. Member companies will contribute software and engineering resources to the development of a protocol specification, open source implementation, and a certification program, all with a view of accelerating the development of the IoT. The OIC specification will encompass a range of connectivity solutions, utilizing existing and emerging wireless standards and will be designed to be compatible with a variety of operating systems. Additional member companies are expected to join OIC in the coming months.
06:09 EDTSSNLFDRAM and NAND flash chip supplies to fall short of demand in 2H14, DigiTimes say
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05:56 EDTSSNLFSamsung reports Q2 sales of approximately 52T won vs. 57.46T won last year
Reports Q2 consolidated operating profit of approximately 7.2T won vs. 9.53T won last year.
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