New Jersy to Boost Investment in Och-Ziff Capital (OZM) by $900M May 27, 2015 01:52PM

New Jersy will boost its investment in Och-Ziff Capital Management (NYSE: OZM) by $900 million to $2 billion, according to Bloomberg, citing New Jersey Division of Investment director Chris McDonough.


Post Holdings (POST) Provides Update on Avian Influenza, 35% of Supply Affected May 27, 2015 01:39PM

Post Holdings, Inc. (NYSE: POST), a consumer packaged goods holding company, today provided an update with respect to the recent avian influenza ("AI") outbreak affecting Post's egg business:

  • A third Company owned chicken flock in Nebraska has tested positive for AI. This brings the total affected supply to approximately 35% of the Company's volume commitments as determined prior to the recognition of force majeure.
  • As reported on May 14, 2015, Post management has... (continue reading...)

Geeknet (GKNT) Reports Unsolicited $20/Share Cash Offer May 27, 2015 01:36PM

Geeknet (NASDAQ: GKNT) today acknowledged the receipt of an unsolicited offer from a strategic buyer (the "Bidder") to acquire all of the outstanding common stock of the Company for $20.00 per share in cash.

As previously announced, the Company entered into an Agreement and Plan of Merger dated as of May 25, 2015, with Hot Topic Inc. ("Hot Topic") (the "Merger Agreement") pursuant to which Hot Topic agreed to acquire all of the outstanding common stock of the Company for... (continue reading...)


Darden (DRI) Price Target Raised to $80 at KeyBanc on Value Creation from Potential Spin-Off May 27, 2015 11:24AM

KeyBanc maintained an Overweight rating on Darden Restaurants (NYSE: DRI) and raised its price target to $80.00 (from $70.00). Analyst Christopher O'Cull thinks a spin-off of real estate assets is probable and will create value.

"Since the board of directors was reconstituted in October 2014, the Company has made evaluating options for its real estate portfolio a priority; therefore, we believe there is a high probability that Darden could announce plans to separate its... (continue reading...)


Unwired Planet (UPIP) Drops Claims Against Apple (AAPL) May 27, 2015 11:14AM

Unwired Planet, Inc. (NASDAQ: UPIP) disclosed the following on its company blog Wednesday:

This is an update to our pending case against Apple in the Northern District of California.

Yesterday afternoon Judge Chhabria granted Apple’s motion for summary judgment of non-infringement on 3 out of 4 patents (the ‘446 patent, the ‘831 patent and the ‘260 patent). We are currently reviewing the Judge’s orders and exploring all options available to us, including... (continue reading...)


More Corporate News

View Older Stories

May 27, 2015 10:32AM Gogo (GOGO) Announces Receipt of First FAA STC for 2Ku Next-Gen Satellite Internet
May 27, 2015 10:02AM Box (BOX) Selected by DOJ to Enable Enterprise File Sharing
May 27, 2015 09:28AM UPDATE: McDonald's (MCD) Will Discontinue Reporting Monthly Same-Store Sales Data
May 27, 2015 09:18AM CytRx (CYTR) Will Make Poster Presentation of Aldoxorubicin at ASCO
May 27, 2015 09:15AM Novartis (NVS) Announces Data Presentations at ASCO and EHA
May 27, 2015 09:11AM iCAD (ICAD) Withdraws FY15 Guidance Due to General Reimbursement Uncertainty
May 27, 2015 09:04AM Perry Ellis Int'l (PERY) Enters Licensing Agreement for Laundry by Shelli Segal Eyewear, Sunglasses
May 27, 2015 09:02AM Fortinet (FTNT) to Acquire Meru Networks (MERU) for $1.63/Share
May 27, 2015 08:45AM GlobeImmune (GBIM) Announces GS-4774 Phase 2 in HBV Missed Primary Endpoint
May 27, 2015 08:44AM SMTP (SMTP) Releases Letter to Shareholders
May 27, 2015 08:41AM Zogenix (ZGNX) Reports Long-Term Fenfluramine Efficacy Data for Treatment of Dravet Syndrome
May 27, 2015 08:36AM Northwest Biotherapeutics (NWBO) Announces Presentation at ASCO
May 27, 2015 08:36AM Orion Energy Systems (OESX) Affirms Fy16 Outlook Ahead of Upcoming Investor Conferences
May 27, 2015 08:34AM Marathon Patent Group (MARA) Unit Receives Favorable Ruling in Volkswagen Suit
May 27, 2015 08:33AM Halozyme (HALO) and Ventana to Collaborate to Develop Companion Diagnostic For Cancer Treatment
May 27, 2015 08:33AM Ford Motor (F) Issues Recall Covering 422,814 Vehicles in North America
May 27, 2015 08:31AM Eli Lilly & Co. (LLY) Announces FDA Approval of Higher-Concentration Humalog KwikPen
May 27, 2015 08:18AM Delcath Systems (DCTH) Updates on Findings from Three-Day CHEMOSAT Forum
May 27, 2015 08:16AM IGI Labs (IG) Affirms Q2 Revenue Outlook; Sees Lower GMs on Product Price Drop
May 27, 2015 08:10AM Uranium Energy (UEC) Announces Receipt of All Permits for Palangana ISR Mine
May 27, 2015 08:07AM Sciclone Pharma (SCLN), Theravance (TBPH) Enter VIBATIV Commercialization, Development Agreement
May 27, 2015 08:04AM MagneGas (MNGA) Announces AB&I Foundry Using MagneGas2
May 27, 2015 08:02AM Retrophin (RTRX) Will Sell Pediatric PRV to Sanofi (SNY) in $245M Deal
May 27, 2015 07:55AM IAMGOLD (IAG) Updates on Westwood Mine Event; No Injuries, Production Interruptions Reported
May 27, 2015 07:48AM Ceres (CERE) Receives U.S. Patent Covering Soybean Genetic Sequence AImed at Key Biosynthetic Processes
May 27, 2015 07:35AM Incyte (INCY) Announces Presentation of 23 Abstracts at ASCO, EHA (NVS)
May 27, 2015 07:33AM SunEdison (SUNE) Completes 3.8-MW DC Facility
May 27, 2015 07:25AM Valspar Corp. (VAL) to Acquire Quest Specialty Chemicals' Performance Coatings Unit
May 27, 2015 07:23AM Bellerophon Therapeutics (BLPH) Announces Positive Results from BCM Product Candidate in Pig Study
May 27, 2015 07:22AM Valley National (VLY) to Acquire CNLBancshares in $207M Deal
May 27, 2015 07:21AM Scientific Games (SGMS) to Supply Plainridge Park Casino with Several Systems, Games Solutions
May 27, 2015 07:20AM Jumei (JMEI) to Discuss Import Tariffs on Conference Call; Expects Negligible Impact
May 27, 2015 07:19AM xG Technology (XGTI), Radio IP Software Enter Strategic Cross-Marketing Agreement
May 27, 2015 07:16AM Galena Biopharma (GALE) Reports Publication of NeuVax, GALE-301 Abstracts at ASCO
May 27, 2015 07:08AM BioLineRx (BLRX) Will Present Positive Safety and Efficacy From BL-8040 Phase 1
May 27, 2015 07:05AM Acorda Therapeutics (ACOR) Concludes Talks with FDA on PLUMIAZ NDA; Will Conduct Three Additional Trials
May 27, 2015 07:02AM Plug Power (PLUG) Enters MSA with Large, North American Footwear Company
May 27, 2015 07:01AM Sony (SNE) Acquires Optical Storage System Provider, Optical Archive
May 27, 2015 06:32AM Hydrogenics (HYGS) Enters EUR 50M Hydrogen Fuel Cell Agreement with Alstom Transport
May 27, 2015 06:25AM Pedevco Corp. (PED) to Acquire Oil, Gas Assets of Dome Energy AB
May 27, 2015 06:22AM 8x8, Inc. (EGHT) to Acquire DXI Ltd. in GBP 16.5M Deal
May 27, 2015 06:19AM Orbotech Ltd (ORBK) Receives $8M Order from Large Pacific-Based Circuit Board Producer
May 27, 2015 06:17AM Acacia Research (ACTG) Unit and Covidien LP (MDT) Enter Settlement Agreement
May 27, 2015 06:16AM Novogen Ltd. (NVGN) Will Make Presentation at Brain Tumor Biotech Summit 2015
May 27, 2015 06:09AM AbbVie (ABBV) Enters $5B Accelerated Common Stock Buyback Agreement
May 27, 2015 06:06AM Nokia Networks (NOK) to Acquire Eden Rock Communications
May 27, 2015 06:04AM GoDaddy (GDDY) Launches Email Marketing Initiative
May 27, 2015 06:02AM Reynolds American's (RAI) Acquisition of Lorillard (LO) Cleared by U.S. FTC
May 26, 2015 06:01PM Vox Media to Acquire Noted Tech Blog, Re/Code
May 26, 2015 05:31PM Emerald Oil (EOX) Cancels Common Stock Offering
View Older Stories