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FDA Adds Boxed Warning To Plavix For Reduced Effectiveness In Non-responders
3/13/2010 1:31:03 AM The Food and Drug Administration added a boxed warning to blood thinner drug Plavix on Friday, alerting patients and health care professionals to the drug's potential for reduced effectiveness in people who cannot metabolize the drug to convert it to its active form.
Plavix is co-marketed by Bristol-Myers...
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Suicide Bomb Blast Kills Seven In Pakistan
3/13/2010 1:15:46 AM Suicide bomb attack in north-western Pakistan on Saturday killed at least seven people. More than 16 people were injured and several vehicles damaged by the explosion. The latest incident comes a day after the twin bomb blast in Lahore that killed 45 people. More than 100 civilians suffered injuries...
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Chilean President Estimates Earthquake Damages At US$30 Bln
3/12/2010 11:25:15 PM Newly elected Chilean President Sebastian Pinera, while announcing budget readjustment, said Friday that the earthquake has caused a damage of at least US$30 billion. The earthquake that shattered the country on February 27 recorded a magnitude of 8.8 on the Richter scale.
Pinera, who was sworn in...
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Medtronic Says FDA Panel Recommends Approval For Deep Brain Stimulation Therapy For Epilepsy
3/12/2010 9:59:17 PM Medical device-based therapies provider Medtronic Inc. (MDT) Friday announced that the Neurological Devices Panel of U.S. Food and Drug Administration or FDA recommend approval with conditions for its of Deep Brain Stimulation Therapy for Epilepsy as adjunctive treatment for partial-onset seizures in...
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NASDAQ Q-50 Index Adds Eight New Companies
3/12/2010 9:33:22 PM NASDAQ OMX Group, Inc. (NDAQ) announced the quarterly re-ranking of the NASDAQ Q-50 IndexSM adding eight new securities, which will be effective from March 22.
The newly added companies are Amylin Pharmaceuticals, Inc. (AMLN), Gentex Corp. (GNTX), Lincare Holdings Inc. (LNCR), Micron Technology,...
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SIRIUS XM Radio To Sell $800 Mln. Senior Notes - Update
3/12/2010 7:17:30 PM Friday, SIRIUS XM Radio (SIRI) announced that it has priced an offering of $800 million of Senior Notes due 2015.
The company indicated that the notes offered will bear interest at an annual rate of 8.75%. The price to investors will be 100% of the principal amount of the notes. The notes were offered...
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Stanley Works Closes Black & Decker Merger - Update
3/12/2010 7:16:47 PM Friday, power tool maker The Stanley Works (SWK) said that it completed the merger with Black & Decker Corp. (BDK), with the combined company to be known as Stanley Black & Decker. The new entity will trade on the New York Stock Exchange under the symbol SWK.
Earlier in the day, the European Commission...
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Yum! Brands Declares Dividend; Gets Addl. $300 Mln. Share Buyback Authorization - Update
3/12/2010 5:10:00 PM Friday, Yum! Brands Inc. (YUM), on Friday declared quarterly dividends and said its board has authorized the repurchase of an additional $300 million worth of shares.
The Louisville, Kentucky-based company declared a quarterly dividend of $0.21 per share of common stock, that will be distributed...
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National Western Life Insurance Q4 Profit Rises - Update
3/12/2010 2:35:26 PM Friday, stock life insurance company National Western Life Insurance Co. (NWLI), reported an increase in profit for the fourth quarter, helped by higher revenues resulting from realized and unrealized gains on index options and narrow loss from investments.
The Austin, Texas-based company's net profit...
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Kirkland's Q4 Profit Rises - Update
3/12/2010 2:00:07 PM Friday, Kirkland's, Inc. (KIRK) reported a higher profit for the fourth quarter that came in ahead of analysts' expectations, helped by a rise in sales. Kirkland's also provided guidance for the fiscal 2010.
The Jackson, Tennessee-based company reported net income of $22.1 million or $1.08 per share...
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GlaxoSmithKline's Revolade Gets Marketing Authorization From European Commission - Update
3/12/2010 1:19:30 PM Ligand Pharmaceuticals Inc. (LGND), Friday said that GlaxoSmithKline Plc (GSK) was granted marketing authorization from the European Commission for Revolade, used for the oral treatment of thrombocytopenia or reduced platelet count in adults with the blood disorder chronic immune thrombocytopenic purpura...
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Ardea Biosciences Loss Narrows In Q4 - Update
3/12/2010 12:56:17 PM Friday, biotechnology company Ardea Biosciences, Inc. (RDEA) reported a narrower net loss for the fourth quarter, driven by a surge in license fee revenue.
Fourth quarter net loss applicable to common stockholders narrowed to $6.3 million or $0.34 per share from $12.7 million or $0.82 per share...
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Invesco To Present New Non-GAAP Measures For Future Results Presentations
3/12/2010 12:40:51 PM Publicly owned investment manager Invesco Ltd. (IVZ) said Friday that it will present new non-GAAP measures beginning with the first quarter of 2010 results.
The company noted that introducing the additional disclosure of earnings on a cash EPS basis into reporting will provide further transparency...
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Oncothyreon To Restate Prior Results
3/12/2010 12:31:11 PM Oncothyreon Inc. (ONTY) said that it will restate its financial statements for fiscal 2008, and first three quarters of 2009, to correct a revenue recognition error in accounting for a license agreement with Merck KGaA.
The company said it is working diligently to complete the restatement of its financial...
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Nokia Updates Mobile Device Market Estimates For 2010 - Update
3/12/2010 12:27:56 PM Friday, mobile phone maker Nokia Corp.(NOK) filed its annual report with the US Securities and Exchange Commission and revised its definition of the industry mobile device market applicable to its reporting beginning in 2010. Nokia also updated its mobile device market estimates for 2010 based on the...
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Novavax Posts Wider Q4 Loss - Update
3/12/2010 12:24:45 PM Novavax, Inc. (NVAX), a clinical-stage biopharmaceutical company, Friday reported a loss for the fourth quarter that widened from the previous year, as a result of higher research and development expenses due to increased number and size of clinical trials. Loss per share, however, narrowed and revenues...
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Pennsylvania Real Estate Q4 Adj. FFO Declines - Update
3/12/2010 12:20:49 PM Friday, Pennsylvania Real Estate Investment Trust (PEI) reported negative Funds From Operations or FFO for the fourth quarter compared to FFO last year. On an adjusted basis, FFO declined from there prior year and . Net loss, widened for the quarter, hurt by larger write-down of assets and smaller gain...
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China Integrated Energy Swings To Q4 Profit - Update
3/12/2010 12:15:18 PM Biodiesel producer China Integrated Energy, Inc. (CBEH), Friday posted a fourth quarter profit from a loss last year, helped by higher sales from reatil gas stations and higher demand for finished oil and heavy oil products. China Integrated also provided its guidance for fiscal year 2010.
China Integrated's...
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Charles Schwab Warns Of Sequential Drop In Q1 Profit - Update
3/12/2010 12:13:33 PM Brokerage Charles Schwab Corp. (SCHW) warned Friday that its first quarter earnings will be lower than the fourth quarter levels, as revenue pressures persists and management fee waivers on its money market mutual funds are likely to rise.
The San Francisco-based company said it expects first quarter...
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Core-Mark Holding Q4 Profit Rises - Update
3/12/2010 12:11:01 PM Core-Mark Holding Company, Inc.(CORE) reported that its fourth-quarter profit increased from the previous year quarter.
Core-Mark, a distributor of packaged consumer products, recorded fourth quarter net income of $8.5 million or $0.76 per share, compared to $7.4 million or $0.70 per share last year.
Excluding...
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