Xerox Corp. (XRX) Reports In-Line Q3 EPS; Guides Q4, FY16 Inline with Views; Updates on Separation Oct 28, 2016 06:48AM

Xerox Corp. (NYSE: XRX) reported Q3 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.31 billion.

"In an important period for Xerox when our separation-related activities ramped up significantly, we delivered solid financial results despite challenging market conditions. This reflects our commitment to executing on all aspects of our ambitious agenda, including our strategic... (continue reading...)

Sanofi (SNY) Alerts Regeneron (REGN) of FDA Concerns Related to Sarilumab Manufacturing Facility Oct 28, 2016 06:16AM

Regeneron (Nasdaq: REGN) disclosed the following in a U.S. SEC filing on Friday:

Item 8.01 - Other Events.

Regeneron Pharmaceuticals, Inc. (“Regeneron” or the “Company”) has been advised by its collaborator Sanofi that manufacturing deficiencies have been raised by the U.S. Food and Drug Administration (the “FDA”) during a routine Current Good Manufacturing Practice (“CGMP”) inspection of a Sanofi manufacturing facility that conducts “fill and finish”... (continue reading...)

Baker Hughes (BHI), General Electric (GE) in Partnership Talks, Not Merger Talks Oct 27, 2016 09:32PM

Baker Hughes (NYSE: BHI) saw wild trading after-hours Thursday following reports from the Wall Street Journal General Electric (NYSE: GE) was in talks to acquire the company. It was later learned that the talks only involved a partnership.

"While nothing is concluded, none of these options include an outright purchase," GE said in a statement.

Corindus Vascular Robotics (CVRS) Reports FDA Clearance for Next-Gen Robotic System Oct 27, 2016 05:55PM

Corindus Vascular Robotics, Inc. (NYSE MKT: CVRS), a leading developer of precision vascular robotics, announced today that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its CorPath GRX, the second generation of its CorPath Vascular Robotic System. Corindus expects to commence commercialization of CorPath GRX in the first quarter of 2017.

“CorPath GRX is a critical advancement in our core technology and a meaningful step toward... (continue reading...)

Booz Allen Hamilton (BAH) Announces External Review Following Arrest of Former Employee Oct 27, 2016 05:46PM

Booz Allen has issued the following statement on its actions following the arrest of a former employee, from Craig Veith, Vice President, External Relations:

“We fired Harold Martin as soon as we learned of his arrest, and we have been fully cooperating with the FBI’s investigation and reviewing this matter. Because we are determined to learn from this incident and look more broadly at our processes and practices, we have taken an additional step of asking former FBI... (continue reading...)

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