Heron Therapeutics (HRTX) Enters SUSTOL Manufacturing Agreement with Lifecore May 29, 2015 04:25PM

(Updated - May 29, 2015 4:25 PM EDT. Update corrects typo in headline).

Effective May 27, 2015, Heron Therapeutics (NASDAQ: HRTX) entered into a Commercial Manufacturing Services Agreement (the “Agreement”), with Lifecore Biomedical, LLC (“Lifecore”). Pursuant to the Agreement, Lifecore will manufacture the Company’s lead product candidate, SUSTOL® (granisetron injection, extended release), for commercial use, subject to FDA approval. The Company will provide... (continue reading...)

B&G Foods (BGS), DSC Logistics Enter 5-Yr Logistics Services Agreement May 29, 2015 04:04PM

B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into a five-year logistics services agreement with DSC Logistics, a leading logistics and supply chain management company. Pursuant to the agreement, DSC will provide all warehousing and distribution management services at B&G Foods’ three primary distribution centers after the distribution centers are transitioned over the next three to nine months.

Robert C. Cantwell, President and Chief Executive... (continue reading...)

BMO Financial Group (BMO) Enters $1.5B Secured Term Loan, $1B Revolving Facility May 29, 2015 04:03PM

BMO Financial Group (NYSE: BMO) announced that the Company has entered into a new, five-year secured credit agreement consisting of a $1.5 billion senior Term Loan and a $1 billion revolving credit facility.

Hologic has borrowed $0.175 billion against the new revolver initially, and used these proceeds and the Term Loan to pay off the Company's previous senior secured term loans, which had an aggregate principal amount outstanding of $1.69 billion as of March 28, 2015. ... (continue reading...)

ITT Educational Services (ESI) Issues Response to U.S. Senator Richard Durbin May 29, 2015 03:31PM

Kevin Modany, chief executive officer at ITT Educational Services, Inc., wrote the following letter in response to U.S. Senator Richard Durbin:

May 29, 2015

The Honorable Richard Durbin

United States Senate

711 Hart Senate Office Building Washington, D.C. 20510

Dear Sen. Durbin,

I am writing in response to your May 28, 2015 letter to Eugene Feichtner, President and Chief Operating Officer at ITT Educational Services, Inc.

First and foremost, no one is more concerned about our... (continue reading...)

Bank of America (BAC), OCC Enter Settlement; BofA to Pay $30M + Remediation May 29, 2015 03:05PM

The Office of the Comptroller of the Currency (OCC) today assessed a $30 million civil money penalty against Bank of America (NYSE: BAC), and ordered remediation to approximately 73,000 affected customer accounts.

The OCC took the actions against the bank for violations of law and unsafe or unsound practices in connection with the bank’s non-home loan compliance with the Servicemembers Civil Relief Act (SCRA), and unsafe or unsound practices in connection with non-home... (continue reading...)

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