US News

Borrowing from the film, Poltergeist, “They’re baaaaack.” Just moments ago, Abbvie Inc. (NYSE:ABBV) put another offer on the table to acquire UK-based specialty pharmaceutical company, Shire Plc (LSE:SHP). AbbVie’s previous offer, made in June, was unequivocally rejected by Shire’s board of directors. Today’s offer is the fourth attempt by AbbVie to draw...

At this point in time it is no surprise to anyone that the crisis in Iraq is capable of spilling over into other regions. The situation is complex, to say the least, and it has economic implications far beyond the massive loss of lives. For each death, the fortunes of families, regardless of how meager […]

KVH Industries, Inc., (Nasdaq:KVHI) has acquired Videotel, a producer of training films and e-Learning services for the commercial maritime industry. Servicing over 11,000 vessels, Videotel is a market leader in the provision of maritime training services, offering video, animation, e-Learning computer-based training (CBT), and interactive distance learning courses. “The acquisition of...

MainStreet Bank (OTCQB:MNSB) ended the first half of 2014 with pre-tax earnings of $817,000 and nearly $316 million in total assets. “Our loan portfolio has grown nearly 12% since this time last year,” said Chairman, CEO & President Jeff W. Dick. “And our deposit base has grown over 21% during that same time period. Probably […]

Read on… Corinthian Colleges, Inc. (Nasdaq:COCO) has signed an operating agreement with the U.S. Department of Education that establishes an orderly transition plan for its 107 campuses and online programs, and allows its students to complete their educational programs. ED has also provided for an immediate drawdown of Title IV (student financial aid) funds for […]

Janet Yellen has held the office of Chairwoman of the U.S. Federal Reserve for barely six months. Although any change following Ben Bernanke’s tenure would have been certain to engender more change than just the chairmanship itself, Yellen stunned economists and investors today in “the clearest statement yet that the new U.S. central bank chief […]

$946 Million Tarp repayment from Popular, Inc. The U.S. Department of the Treasury today announced that US taxpayers received a full repayment from Popular, Inc. (Popular) of $946 million. Popular (NASDAQ:BPOP), the largest bank that remained in the Capital Purchase Program (CPP), recently received regulatory approval from the Board of Governors of the Federal Reserve […]

It’s not even the Fourth of July yet, but the fireworks have already begun. The S&P has done it again, posting its longest streak of quarterly gains since 1998. And, just before noon EDT in New York, it appears that the rally is not yet over . Just 15 minutes ago. at 11:44 am, the S&P Index […]

Approval of AFREZZA(R); a novel, rapid-acting inhaled insulin for the treatment of diabetes MannKind Corporation (Nasdaq:MNKD) today announced that the U.S. Food & Drug Administration (FDA) has approved AFREZZA Inhalation Powder to improve glycemic control in adult patients with diabetes mellitus. “Approval of AFREZZA is an important milestone for MannKind, as today’s FDA...

Barclays share price got a well-deserved, swift kick in the seat of its pants today as it dropped 6.52% on the London Exchange (LSE:BARC) and is down 6.75% on the New York Exchange (NYSE:BCS) as of 2:44 EDT.  The Barclays share price hit a 19-month low on the LSE, closing at 215.00, and reducing its […]