DailyMarkets.com - Reimbursement Decision For BSX’ Alair

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• Reimbursement Decision For BSX’ Alair
• Eni To Sell Assets, Boost Output
• Merck Drops Oral Vernakalant
• H-P, CenterBeam Cut A Deal
• Citi Offloads Shanghai Bank Stake
• You’re Screwed By Wall Street Mortgage Settlement
• Earnings Preview: Accenture
• United Parcel Gets TNT
• Earnings Preview: Wet Seal
• Otto: “Oil Prices…starting To See Easing Of Tensions”
• Sigma-Aldrich Boosts Asia-Pac Reach

Reimbursement Decision For BSX’ Alair Posted: 20 Mar 2012 12:05 PM PDT Boston Scientific Corporation (NYSE:BSX) has reasons to cheer as two private insurance players – Minnesota-based HealthPartners and Michigan-based Priority Health – have decided to reimburse coverage for bronchial thermoplasty ("BT") performed using the Alair BT system. This decision comes on the heels of the Centers for Medicare and Medicaid Services (“CMS”) acknowledging the benefit of the treatment earlier this year. As a result, effective January 1, 2012, Medicare has been reimbursing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni To Sell Assets, Boost Output Posted: 20 Mar 2012 11:50 AM PDT Eni SpA (NYSE:E) remains busy in its asset divestiture program, mainly to support its upstream development activities. The company, in its 2012–2015 Strategic Plan, revealed that it aims to deliver production growth of more than 3% annually over the next four years through the asset sale program. The divestiture program includes sale of its stakes in Portugal’s Galp Energia and Italian gas transport group Snam. Galp Energia has a market value of €10.6 billion and Eni owns 33.34% in Galp, worth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merck Drops Oral Vernakalant Posted: 20 Mar 2012 11:35 AM PDT Biopharmaceutical company, Cardiome Pharma Corp. (NASDAQ:CRME), recently announced that its partner, Merck (NYSE:MRK), has decided to discontinue the development of an oral formulation of vernakalant. Merck decided to stop developing oral vernakalant based on its assessment of the regulatory environment and the time involved in the development process. Merck and Cardiome were studying the candidate as a maintenance therapy for the long term prevention of atrial fibrillation recurrence. Partnership Goes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P, CenterBeam Cut A Deal Posted: 20 Mar 2012 11:20 AM PDT Hewlett-Packard Company (NYSE:HPQ) recently announced that cloud services provider CenterBeam has deployed its Converged Infrastructure suite, replacing the exiting storage systems provided by EMC Corp. (NYSE:EMC). Financial terms of the deal were not disclosed. California-based CenterBeam hosts various cloud solution such as customer relationship management and collaboration, and delivers virtual data center services and data storage management services mostly to the mid-sized firms. CenterBeam … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citi Offloads Shanghai Bank Stake Posted: 20 Mar 2012 11:10 AM PDT Citigroup Inc. (NYSE:C) has offloaded its 2.71% equity stake in Shanghai Pudong Development Bank ("SPDB") for an after-tax gain of around $349 million. The stake sale was made though block trade to institutional investors. The two companies have, however, made strategic arrangement to cooperate with each other. Both the companies are discussing a number of mutual initiatives, including Citi's global network and credit lines utilization to aid SPDB in expanding internationally in future. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You’re Screwed By Wall Street Mortgage Settlement Posted: 20 Mar 2012 11:06 AM PDT The American system of justice used to be predicated on the fact that those who committed transgressions paid the penalty. Regrettably that system of justice is now a distant memory in regard to the adjudication of certain massive and egregious financial practices. Has it become all too overwhelming for you to keep up with the violation of contracts and moral hazards in America today? I implore you not to give up the fight as future generations are counting on us to stand up for real justice. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Accenture Posted: 20 Mar 2012 10:50 AM PDT Accenture plc (NYSE:ACN) is scheduled to announce its second quarter fiscal 2012 results on March 22, 2012, and we notice some mixed movements in analyst estimates. First Quarter Overview Accenture delivered decent first quarter results, beating the Zacks Consensus Estimate by 2 cents on the bottom line. The quarter's earnings came in at 96 cents, up 19.6% from the year-ago quarter. The outperformance was attributable to higher revenues and margins, a lower share count and tax rate as well as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Parcel Gets TNT Posted: 20 Mar 2012 10:35 AM PDT United Parcel Service (NYSE:UPS) will finally acquire TNT Express, a Dutch shipping company, following the initial rejection of the bid by the latter. This will be the biggest acquisition this year and the largest for United Parcel in its history, if completed successfully. United Parcel made an all-cash offer of €9.50 per share, or €5.16 billion ($6.77 billion) in total. This was up €0.50 per share from the offer made in February by United Parcel. The company intends to utilize $3 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Wet Seal Posted: 20 Mar 2012 10:20 AM PDT Wet Seal Inc. (NASDAQ:WTSLA), that sells fashionable and contemporary apparel and accessory items to the female customers, is scheduled to report its fourth-quarter and fiscal year 2011 financial results on March 22, 2012. The current Zacks Consensus Estimate for the quarter is pegged at 3 cents a share, which is within the company guidance range of 3 to 5 cents. For the fiscal year, the Zacks Consensus Estimate is 19 cents per share. The Zacks Consensus Estimate projects revenues for the quarter to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Otto: “Oil Prices…starting To See Easing Of Tensions” Posted: 20 Mar 2012 10:20 AM PDT 03/20/12 Knight Capital Americas’ Mark Otto discusses China’s growth outlook and geopolitical concerns surrounding energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sigma-Aldrich Boosts Asia-Pac Reach Posted: 20 Mar 2012 10:11 AM PDT Global lab chemical and life sciences company Sigma Aldrich Corporation (NASDAQ:SIAL), recently wrapped up the expansion of its Bangalore, India, facility. The 57,000-square-foot expansion, including an extended distribution center and a new packaging facility, boosts the Missouri-based company's distribution capabilities in the Asia-Pacific. Sigma Aldrich said that the expansion, which complements its existing R&D and manufacturing infrastructure, will help it improve customer support in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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