Corporate News

S&P Dow Jones Indices is updating the market cap guidelines for its U.S. indices. Effective today, the new guidelines are:

Depomed, Inc. (Nasdaq: DEPO) is disclosing that as of June 19, 2013 the website of the U.S. Food and Drug Administration (“FDA”) indicates that an Abbreviated New Drug Application (“ANDA”) for a generic version of Zipsor® (diclofenac potassium) has been submitted. Depomed has not received a Paragraph IV certification with respect to this ANDA filing and does not know the identity of the party that filed the ANDA.

Depomed intends to vigorously enforce its intellectual property rights relating to Zipsor. Zipsor is protected by five patents, all of which are listed in the FDA’s approved Drug Products with Therapeutics Equivalence Evaluations, commonly known as the Orange Book. Under the FDA’s rules and regulations, if Depomed initiates a patent infringement suit to defend the patents identified in any Paragraph IV notice it receives within 45 day after its receipt of such notice, the FDA is prevented from approving the ANDA until the earlier of 30 months after the date of receipt of such notice, the expiration of the patents at issue or a decision in the infringement case that all of such patents are not infringed or invalid. One of the patents listed in the Orange Book for Zipsor expires in 2019 and four in 2029.

Zion Oil & Gas, Inc. (Nasdaq: ZN) announced that the Board of Directors approved of in-well testing at its Elijah #3 well in the Asher-Menashe License, in which an application was submitted to Israel's Petroleum Commissioner for a third one-year extension on April 26, 2013.

During Zion's 2013 Annual Shareholders' Meeting, the Board of Directors on June 12, 2013 approved an Authority for Expenditure ("AFE") proposal to conduct in-well testing of its Elijah #3 well within the Jurassic geological section, at approximately 7,380 feet (2,250 meters), with operations likely to occur in September, 2013. Zion then plans to perforate the zone of interest, fluid stimulate the carbonate rock, and perform a drill stem test. A drill stem test is a procedure for isolating and testing the pressure, permeability and productive capacity of a geological formation within a well. The test is a key method of obtaining information on the formation fluid and establishing whether a well has found a commercial hydrocarbon reservoir.

Microsoft (Nasdaq: MSFT) announced the following changes to Xbox One and how customers can play, share, lend, and resell games. The change is exactly as customers do today on Xbox 360. Investors are watching shares of Gamestop (NYSE: GME) following the announcement.

An internet connection will not be required to play offline Xbox One games – After a one-time system set-up with a new Xbox One, customers can play any disc based game without ever connecting online again. There is no 24 hour connection requirement and gamers can take their Xbox One anywhere they want and play games, just like on Xbox 360.

"Trade-in, lend, resell, gift, and rent disc based games just like yout do today – There will be no limitations to using and sharing games, it will work just as it does today on Xbox 360," said Microsoft.

"In addition to buying a disc from a retailer, you can also download games from Xbox Live on day of release. If you choose to download your games, you will be able to play them offline just like you do today. Xbox One games will be playable on any Xbox One console -- there will be no regional restrictions."

"These changes will impact some of the scenarios we previously announced for Xbox One. The sharing of games will work as it does today, you will simply share the disc. Downloaded titles cannot be shared or resold. Also, similar to today, playing disc based games will require that the disc be in the tray."

3D Systems (NYSE: DDD) announced that its 3D authoring software tools from Geomagic Solutions will be on display along with its personal and professional 3D printers at the Die & Mold China 2013 (DMC) in Shanghai's New International Expo Centre (SNIEC) from June 18-21, 2013. 3D Systems will be located in booth Hall E1, Booths A085 and A149.

Visitors will experience hands-on workflows that take 3D scans into intuitive CAD and Voxel modeling software tools that insure 3D printability. 3D Systems will demonstrate its leading ProJet® professional and personal 3D printers highlighting the new ProJet x60 series ColorJet printers with over one million unique colors. Experts from 3D Systems and local partners will be available to discuss production 3D printing, exclusive 3D printing materials, and attendees' design to manufacturing requirements.

"With our growing set of 3D content creation tools from Geomagic Solutions, we are reinventing the engineer's desktop and giving them guaranteed access to the most comprehensive portfolio of 3D printers, materials and software in the market," said Cathy Lewis, Chief Marketing Officer, 3D Systems. "Our 3D content-to-print solutions empower professionals and individuals to imagine, design and produce parts and products quickly and accurately from idea to manufacturing."