Articles written by: John Wilkes

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 […]

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 […]

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 […]

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 […]

Helios and Matheson Crumbles To Record Low on Q2 Loss

Shares of Helios and Matheson Analytics (HMNY), the parent company of MoviePass, fell to a new all-time low of $0.03 in early Wednesday trading following the release of disappointing Q2 results in which the company said it has “substantial doubt” it can continue as a going concern. “Without raising additional capital, there is substantial doubt about the Company’s ability to […]

Equities Drop in US as Trade Tensions and Earnings Results Sink Sentiment

The benchmark US stock measures sank on Wednesday as downbeat earnings results and renewed trade tensions weighed on sentiment. Turkey’s move to hit back at the US by doubling tariffs on several imports ignited geopolitical jitters that had eased on Tuesday and allowed the Dow Jones Industrial Average and the Standard & Poor’s 500 to stem four-day losing streaks. Energy […]

US Crude Inventories Post Bigger Weekly Increase Than Expected

US crude stockpiles jumped by more than expected in the week, government data showed, adding to pressures on futures of the commodity which spiraled lower in Wednesday’s session. West Texas Intermediate, the main US variety, was down 3.7% to $64.57 a barrel at the time of writing, erasing all of the gains it made in July. Brent, the international standard, […]

Ameriprise Financial Services to Pay $4.5 Million SEC Penalty

Ameriprise Financial Services (AMP) will pay $4.5 million to settle charges made by the US Securities and Exchange Commission that it failed to protect investors’ cash from representatives of the company who committed “numerous fraudulent acts.” The regulator’s order said Ameriprise failed to have policies and procedures to prevent misappropriation of client funds by representatives of the company that offers […]