Friday, May 11, 2012

DailyMarkets.com - FDA Approves Gen-Probe’s PANTHER

DailyMarkets.com - FDA Approves Gen-Probe’s PANTHER

FDA Approves Gen-Probe’s PANTHER

Posted: 11 May 2012 09:52 AM PDT

Gen-Probe Inc. (NASDAQ:GPRO), a leading diagnostic devices company, recently announced the approval of the U.S. Food and Drug Administration ("FDA") for its PANTHER system, an immunoassay instrument for molecular diagnosis. The system has been given the initial approval to be used with its market-leading chlamydia and gonorrhea test APTIMA COMBO 2.
The PANTHER system can process a number of different molecular tests as well as generate results on all phases of nucleic acid testing ("NAT") on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monsanto Collaborates With Marina

Posted: 11 May 2012 09:32 AM PDT

Recently, Monsanto Co. (NYSE:MON) entered into an exclusive licensing agreement with Marina Biotech Inc. Monsanto Co. Latest from The Business Journals U.S. Bank donates 0,000 to Central Library projectMissouri signs trade agreement with Brazil's financial capitalMonsanto Q2 net income increases 19 percent Follow this company to support the latter's delivery and chemistry technologies.
Marina Biotech Inc., a biotechnology company develops and commercializes therapeutic products through … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Caroon Of The Day

Posted: 11 May 2012 09:21 AM PDT

Praxair Teams Up With Vapotherm

Posted: 11 May 2012 09:13 AM PDT

Leading industrial gas supplier Praxair Inc. (NYSE:PX) recently penned a long-term respiratory gas supply contract with Vapotherm, Inc, a primary respiratory care device producer for domestics and hospitals in Stevensville, Maryland.
Under the pact, Praxair and Vapotherm will be jointly engaged in the promotion and supply of the recently introduced heliox system, approved by the U.S. Food and Drug Administration, to the hospitals of North America, Latin America, Spain and Portugal. The heliox … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman To Obey Volcker Rule

Posted: 11 May 2012 09:13 AM PDT

According to the Securities and Exchange Commission (SEC) filing, The Goldman Sachs Group Inc. (NYSE:GS) has stepped forward to comply with the 'Volcker Rule', which is anticipated to be implemented on July 21, 2012. The rule aims to reduce capital investments by banks in highly risky bets.This is expected to help banks to avert another financial crisis to a great extent.
Volcker Rule, a specific section of the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires banks to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BSX Presentation At EuroPCR

Posted: 11 May 2012 08:52 AM PDT

At the EuroPCR conference, scheduled to be held between May 15 and 18 in Paris, Boston Scientific Corporation (NYSE:BSX) will be presenting data from several of its clinical programs.
The company will be presenting data from the Evolve trial that evaluated the Synergy stent, the fourth-generation drug-eluting stent ("DES"). Boston Scientific is looking forward to approval of the stent in Europe in late 2012 with its full launch scheduled for 2013. The company also has plans to begin trial of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PetMed Express Remains Neutral

Posted: 11 May 2012 08:32 AM PDT

We have reaffirmed our Neutral recommendation on PetMed Express (NASDAQ:PETS), following its fourth quarter and fiscal 2012 results.
PetMed reported $55.9 million as revenues during the fourth quarter of fiscal 2012, surpassing both the year-ago quarter and the Zacks Consensus Estimate. The company reported an EPS of 20 cents for the quarter, a penny above the year-ago quarter and ahead of the Zacks Consensus Estimate of 18 cents.
The 10% year-over-year rise in revenues during the quarter was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Turn Higher, JPM Slammed By “London Whale”

Posted: 11 May 2012 08:20 AM PDT

05/11/12 Wall Street turned higher following a better-than-expected US consumer sentiment report. JPMorgan Chase reported a loss of at least $2 billion from a failed hedging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McDermott Tops Profit Ests, Down Y-Y

Posted: 11 May 2012 08:13 AM PDT

Energy-focused engineering and construction firm McDermott International (MDR) reported better-than-expected first quarter 2012 earnings on the back of lower costs. Earnings per share from continuing operations came in at 25 cents, significantly above the Zacks Consensus Estimate of 16 cents.
However, the Texas-based engineering-to-project management service provider's per share profits came slightly lower than the first quarter 2011 level of 29 cents amid depressed marine activity in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loss Widens At BioScrip, Revs Beat

Posted: 11 May 2012 08:12 AM PDT

Specialty pharmacy services provider, BioScrip Inc. (NASDAQ:BIOS) reported a loss of 4 cents per share from continued operations in the first quarter of fiscal 2012, worse than the year-ago quarter loss of 2 cents. Reported results also missed the Zacks Consensus Estimate of break-even. BioScrip had sold certain Pharmacy Services assets including pharmacy mail operations and community retail pharmacy stores to Walgreen (NYSE:WAG) for $225 million, including approximately $161 million in cash and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Producer Price Inflation Eases In April To 1.9%

Posted: 11 May 2012 07:52 AM PDT

The BLS reported today on producer prices for April, here are some highlights:

1. Prices for finished goods increased annually by 1.9% through April, the seventh straight month of slowing year-over-year inflation rates following a 7% increase for the 12 months through September 2011.  It was the smallest annual increase in producer price inflation for finished goods since October 2009 (see brown line in chart above). 

2. Intermediate goods increased by only 1.1% on an annual basis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Lower Following JPMorgan Loss

Posted: 11 May 2012 01:00 AM PDT

05/11/12 Stocks dropped Friday morning following JPMorgan & Chase Co.’s unexpected disclosure that the bank lost $2 billion in trading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Does The FTSE 100 Tumble Present A Buying Opportunity Or Is It A Falling Knife?

Posted: 11 May 2012 02:25 AM PDT

Given that the FTSE 100 is trading as weakly as we’ve seen it since last year’s trade off, it’s a pretty opportune moment to reflect on the first third of the year.   I wrote an article early in January that laid out my own thinking on the state of the market where I had mused on the possibility of a short term relief rally driven several factors – the excessively bearish sentiment at the time,  dovish monetary conditions and technically bullish profit margin signals.  The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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