US News

It was just three days ago, Monday, 04 August, that I wrote about Kurdish oil producers shares falling as the militants of the Islamic State had taken new ground in northern Iraq, include control of the countries largest dam on Lake Mosul. Continued advancement, now eastward, by the militant troops is quickly eroding investor confidence […]

BREAKING NEWS. Spirit Airlines (Nasdaq:SAVE) and its flight attendants, represented by the Association of Flight Attendants-CWA (AFA), announced today that they reached a tentative agreement for a five-year contract. The tentative agreement, which is subject to ratification by the flight attendant membership, planned for fourth quarter 2014, was unanimously supported by the union’s...

Company call it a ‘signficant milestone’ BP announced today that the Government of Indonesia, through the Ministry of Environment, has approved the Tangguh Expansion Project Integrated AMDAL environmental and social impact assessment and issued the project an environmental permit. The AMDAL includes Tangguh’s environmental and social commitments. It also outlines the role of the...

Steering Gear Systems for Arleigh Burke-Class Guided Missile Destroyers Northrop Grumman Corporation (NYSE:NOC) has been awarded contracts from the U.S. Navy, General Dynamics Bath Iron Works and Huntington Ingalls Industries to provide integrated bridge and navigation systems and steering gear systems to modernize Arleigh Burke-class guided missile destroyers (DDGs). Naval Sea Systems Command...

Bob Evans Farms, Inc., (Nasdaq:BOBE) today mailed a letter from its Board of Directors to the Company’s stockholders, discussing the “unsustainable economic agenda” and “non-substantive operational suggestions” put forward by Sandell Asset Management, which is attempting to turn over control of the company at the Bob Evans 2014 Annual Meeting on August 20th. The...

Walgreens (NYSE:WAG), the largest chain of pharmacies in the U.S. is entering into the final phase of its long-planned takeover of Alliance Boots. Walgreens’ share price dropped by more than 13% in early trading today. As of 3:53 pm GMT, its shares are selling at 60.38. down 12.8% from yesterday’s close of 69.12. It would […]

Sometimes even a fox like Rupert Murdoch can’t find a way to get into the hen house. Tuesday evening, 21st Century Fox (NASDAX:FOXA) announced that it had officially withdrawn its offer to become the guardian of the Time Warner (NYSE:TWC) hen house. The share prices of both companies declined rapidly. Murdoch, Chairman and CEO of […]

Company said to be ‘Broadening patent portfolio for xxtended-release amantadine’ Adamas Pharmaceuticals, Inc. (Nasdaq:ADMS), today announced that the United States Patent and Trademark Office (USPTO) issued U.S. Patent No. 8,796,337, entitled “Composition and Method For Treating Neurological Disease.” The claims of this patent are directed towards methods for treating...

Breaking News: Winthrop Realty Trust (NYSE:FUR) has announced that at its special meeting of common shareholders held earlier in the day holders of approximately 73% of Winthrop’s common shares of beneficial interest approved the plan of liquidation previously adopted by Winthrop’s Board of Trustees. As a result, the plan of liquidation was approved by the […]

Public Offering of 7.375% Senior Notes due 2021 Arbor Realty Trust, Inc. (NYSE:ABR) announced today that it has priced its public offering of $35.0 million aggregate principal amount of its 7.375% Senior Notes due 2021 for gross proceeds of $33.88 million. The offering was made pursuant to a reopening of its existing series of such […]