GlaxoSmithKline (NYSE: GSK) has extended its $2.6 billion takeover offer for Human Genome Sciences (NASDAQ: HGSI) until the end of this month. The original tender period expired on June 7. GKS has now extended the tender period to June 29.
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Chesapeake Energy Corporation (NYSE: CHK), today, announced that is planning to sell its pipeline and related assets to Global Infrastructure in three separate transactions for over $4 billion. CHK is selling its pipeline assets in order to plug a funding shortfall. [...]
Pall Corporation (NYSE: PLL), today, reported an 11% increase in third-quarter earnings. However, PLL’s core earnings dropped due to higher expenses and flat revenue. The company’s results also missed Street estimates, sending shares down sharply. [...]
J.M. Smucker Company (NYSE: SJM), a manufacturer and marketer of branded food products, today reported its fourth-quarter financial results, posting a 9.7% increase in profit. SJM’s sales grew more than forecast in the fourth quarter despite a lower product volume. [...]
Lululemon Athletica Inc. (NASDAQ: LULU), designer and retailer of technical athletic apparel operating primarily in North America and Australia, today, reported that its first-quarter profit climbed 40%. Despite posting better-than-expected first-quarter earnings, LULU shares have fallen sharply in pre-market trading today. [...]
WellPoint Inc. (NYSE: WLP), a health benefit company, on Monday announced that it agreed to acquire 1-800 CONTACTS Inc., a leading online retailer of contact lenses in the U.S. The acquisition of 1-800 CONTACTS advances WLP’s growth strategy and also enhances the company’s ability to build direct-to-consumer relationships. [...]
Salesforce.com Inc. (NYSE: CRM), provider of enterprise cloud computing and social enterprise solutions, has reached an agreement to acquire Buddy Media for $689 million. The acquisition of Buddy Media further expands CRM’s presence in social media marketing. [...]
Oil and gas giant BP Plc (ADR) (NYSE: BP) on Friday said that it is seeking to sell its stake in Russian joint venture, TNK-BP. The oil major said that it informed its joint venture partner that it is considering a potential sale of its 50% stake in TNK-BP. [...]
Ford Motor Company (NYSE: F), today, reported that its U.S. new-vehicle sales climbed 13% in the month of May, driven by strong truck and Ford-brand sales. However, sales results missed estimates from Edmunds.com, pushing shares of the Dearborn, Michigan-based automaker lower. [...]
Shares of Ciena Corporation (NASDAQ: CIEN) surged on Thursday after the Linthicum, Maryland-based company said that its second-quarter loss narrowed as revenue rose 14%. [...] |
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