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Stock Market & Financial Investment News

News For UBS;FLO;GSK;NOK;SI From The Last 14 Days
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October 1, 2014
08:31 EDTNOKEastman Kodak names Overman Chief Marketing Officer
Steven Overman joins Kodak (KODK) as Chief Marketing Officer and Senior Vice President, Corporate Marketing. Overman previously served as vice president and global head of brand strategy and marketing creation for Nokia (NOK).
07:05 EDTGSKIsis Pharmaceuticals earns $1.5M milestone payment from GSK
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September 30, 2014
16:39 EDTGSKCMS discloses drug makers' payments to doctors, WSJ says
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08:06 EDTUBSUBS settles French tax investigation with $1.4B deposit, Bloomberg says
UBS is positioned to settle a French tax-evasion lawsuit by paying a security deposit worth approximately $1.4B as the company combats the claims and bond demand, according to Bloomberg, citing a person with knowledge of the probe. Reference Link
08:01 EDTGSKGE Healthcare to collaborate with GlaxoSmithKline in commercial oncology testing
GE Healthcare (GE) announced an agreement between its affiliate, Clarient Diagnostic Services, and GlaxoSmithKline (GSK). The collaboration aims to improve access to diagnostic testing for cancer patients by establishing a network of clinical laboratories to identify genetic mutations associated with different tumour types. The collaboration will enable GE to develop a broader laboratory and data analytics service that will enable better efficiency in the healthcare market related to oncology precision medicine. This will be made available as a subscription-based service and operated by GE Healthcare. Under terms of the agreement with GSK, GE Healthcare, through its Clarient affiliate, will initially use its clinical laboratory, pathology and genomics expertise, to certify laboratories and generate diagnostic data on metastatic melanoma patients. The first Clarient certified laboratories to initiate this work, are expected to be operational in several countries in early 2015. Laboratory testing will initially focus on more than 70 mutations relevant to melanoma, including BRAF V600E and V600K, with the opportunity to expand testing beyond melanoma into other tumor types, as the network of clinical laboratories develops.
07:30 EDTGSKSachs Associates to hold a conference
14th Annual Biotech in Europe Forum for Global Partnering and Investment to be held in Basel, Switzerland on September 30-October 1.
September 29, 2014
13:47 EDTGSKGlaxoSmithKline reports 45% survival rate of Tafinlar-treated melanoma patients
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10:46 EDTUBSUBS CFO says new group structure to prompt higher returns, Reuters says
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07:26 EDTGSKInforma Business Information to hold a conference
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06:23 EDTUBSCitigroup, JPMorgan meet with FCA to settle forex rigging probe, WSJ reports
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06:08 EDTUBSUBS launches share-for-share exchange offer to establish group holding company
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September 25, 2014
05:36 EDTGSKGlaxoSmithKline names Philip Hampton Non-Executive Director
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September 24, 2014
10:18 EDTGSKGlaxoSmithKline set to name RBS' Philip Hampton as next chairman, Sky News says
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05:45 EDTUBSMorgan Stanley downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded its rating on Morgan Stanley (MS) to Neutral saying shares look expensive and that it does not see the bank meeting its 10% return on equity target. JPMorgan sees better value in other investment banks, specifically UBS (UBS), and keeps a $34 price target for Morgan Stanley shares. The stock closed yesterday down 16c to $35.02.
September 23, 2014
08:29 EDTGSKGlaxoSmithKline weakness creates buying opportunity, says Argus
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08:14 EDTUBSCFA Society of Chicago to hold a meeting
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08:07 EDTGSKFDA Pediatric Advisory Committee to hold a meeting
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September 22, 2014
10:15 EDTGSKOn The Fly: Analyst Upgrade Summary
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09:24 EDTUBSAppeals court upholds UBS must deposit EUR1.1B over tax charges, Reuters says
A French appeals court upheld a prior ruling and ordered UBS to deposit EUR1.1B as a guarantee for the fine the court believes the bank may need to pay if it is found guilty of assisting its wealthy French customers to avoid paying taxes, reported Reuters. Reference Link
09:04 EDTUBSFrench court rules UBS must deposit $1.4B, Bloomberg reports
07:21 EDTGSKEBD Group to hold a conference
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05:27 EDTGSKGlaxoSmithKline upgraded to Buy from Neutral at Goldman
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September 19, 2014
07:23 EDTNOKFCC to hold a roundtable
Open Internet Roundtable: Technological Aspects will consider the technical aspects of ensuring an Open Internet, including questions of scope, transparency, blocking, mobile networks, and reasonable network management and is being held at FCC Washington, D.C. offices on September 19 at 1:30 pm. Webcast Link
05:58 EDTGSKGlaxoSmithKline to pay GBP 297M fine to Chinese government
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September 18, 2014
07:52 EDTUBSUBS Chair says litigation bigger worry than stress test, Bloomberg reports
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06:39 EDTUBSEuropean banks take out EUR83B of loans from central bank, NY Times says
European banks agreed to take out EUR83B in low interest loans from the European Central Bank, as part of a program in which all of the funds must be loaned to businesses or individuals, or repaid to the central bank within two years, according to The New York Times. Several analysts had said that they would be disappointed if banks took out less than EUR100B in loans, but a number of analysts said that a second round of the program, due to occur in December after stress tests have been completed, may be more popular, the newspaper stated. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
September 17, 2014
14:57 EDTGSKProsensa announces commencement of re-dosing of drisapersen
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07:39 EDTGSKMorningstar to hold a conference
Management Behind the Moat Conference to be held in Chicago on September 17-18.
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