Coupa Software Surges as Second Quarter Profit Surprises Investors Coupa Software Surges as Second Quarter Profit Surprises Investors
Blackstone Group Sends Sternly Worded Letter to Investa Blackstone Group Sends Sternly Worded Letter to Investa
Inovio Pharmaceuticals Doses First Patient in MERS Vaccine Trial Inovio Pharmaceuticals Doses First Patient in MERS Vaccine Trial
Sears Holdings Gets Offer From Lampert’s ESL Investments Valuing Kenmore at $400 Million Sears Holdings Gets Offer From Lampert’s ESL Investments Valuing Kenmore at $400 Million

Latest News

CBS Board Reportedly Offers Embattled CEO Moonves $100 Mln in Stock as Severance Package

The board of media company CBS (CBS) has engaged CEO Leslie Moonves in talks that would pave the way for his exit, CNBC reported, citing sources. According to the report, Moonves is due as much as $180 million in severance and a production deal. The board, however, is offering a roughly $100 million severance package made up almost entirely of […]

UK New Car Market Sees 23.1% Uplift in August as Share of Hybrid, Electric Cars Expands

The UK new car market enjoyed a boost in August, with year-on-year demand surging 23.1%, according to the Society of Motor Manufacturers and Traders, which represents more than 800 automotive companies in Britain. Demand was up across the board, with consumers and fleets seeing a surge in registrations of 23.3% and 19.7%, respectively, while orders from the smaller business sector […]

Histogenics Says Phase 3 Trial of NeoCart Failed to Meet Primary Endpoint

Histogenics Says Phase 3 Trial of NeoCart Failed to Meet Primary Endpoint

Shares of Histogenics (HSGX), a clinical-stage company focused on the development of restorative cell therapies, fell nearly 64% in pre-market trading Wednesday after the company said its phase 3 trial of NeoCart failed to meet the primary endpoint of a statistically significant improvement in pain and function in a dual threshold responder analysis one year after treatment as compared to […]

bluebird bio Says Phase 2/3 Starbeam Study Meets Enrollment Goal

bluebird bio Says Phase 2/3 Starbeam Study Meets Enrollment Goal

bluebird bio (BLUE) reported Wednesday that its phase 2/3 Starbeam study of its investigational Lenti-D gene therapy in boys 17 years of age and under with cerebral adrenoleukodystrophy (CALD), has met its enrollment goal; it also reported initial data from ALD-103, the ongoing observational study of outcomes from allogeneic hematopoietic stem cell transplant (allo-HSCT) in boys 17 years of age […]

Crescent Point Energy Appoints CEO and Chairman; Targets $1 Bln Debt Reduction

Crescent Point Energy Appoints CEO and Chairman; Targets $1 Bln Debt Reduction

Crescent Point Energy (CPG, CPG.TO) said it has named Craig Bryksa chief executive officer and Robert Heinemann chairman as it pursues new strategies. Bryksa had been serving as interim CEO while the company conducted a search for a successor to Scott Saxberg, who stepped down in May. Heinemann succeeds Peter Bannister, who has stepped down after serving since 2014. Crescent […]

Albemarle Is Reportedly Interested in Acquiring FMC’s Lithium Business

Albemarle Is Reportedly Interested in Acquiring FMC’s Lithium Business

Albemarle (ALB) may want to acquire FMC’s (FMC) Livent lithium unit if the unit’s initial public offering scheduled this fall does not go through, Reuters reported, citing an unidentified source familiar with the matter. Albemarle executive Eric Norris, who leads the mining company’s global lithium business, told investors at a private June dinner in Las Vegas that a successful Livent […]

Workday Ramps up Full Year Outlook After Second Quarter Results Top Street View

Workday Ramps up Full Year Outlook After Second Quarter Results Top Street View

Cloud computing company Workday (WDAY) raised its full year revenue outlook late on Tuesday as it posted better-than-expected results for its top and bottom lines which was buttressed by a jump in subscriptions. The Pleasanton, California-headquartered company, which provides enterprise cloud applications for financial management and human capital management, generated total revenue of $671.7 million in the quarter ended July […]

Coupa Software Surges as Second Quarter Profit Surprises Investors

Coupa Software Surges as Second Quarter Profit Surprises Investors

Shares in Coupa Software (COUP) traded sharply higher early Wednesday after the company surprised investors by swinging to a profit in its fiscal second quarter, and as earnings and sales forecasts for the third quarter beat analysts’ estimates. Underpinned by strong growth in subscription revenues, group turnover surged by 38% to $61.7 million during the three months that ended July […]

Blackstone Group Sends Sternly Worded Letter to Investa

Blackstone Group Sends Sternly Worded Letter to Investa

US private equity giant Blackstone (BX) on Wednesday said in a sternly worded letter that a competing bid for Australian office real estate investor Investa Office Fund was not superior and that it reserves the right to cancel its bid should the company back out of a planned acquisition. Blackstone had originally offered $5.25 a share for the Australian company, […]