XBiotech (XBIT) Updates on Xilonix Phase 3 in Colorectal Cancer Jul 1, 2015 07:38AM

XBiotech (NASDAQ: XBIT) announced that it held an investigators meeting to update clinicians and support staff on the overall status of the Company's Phase III study in colorectal cancer. The Company is conducting a double-blinded, placebo-controlled registration study of its anticancer agent for the treatment of advanced colorectal cancer. The novel anti-cancer agent, Xilonix™, is being developed with a regulatory path that the Company established in collaboration... (continue reading...)

BWX Technologies (BWXT) Completes Spin of Power Generation Business Jul 1, 2015 07:37AM

BWX Technologies, Inc. (BWXT) (NYSE: BWXT) has completed the spin-off of its Power Generation business and will begin trading today on the New York Stock Exchange under the new ticker symbol “BWXT.”

In 2014, The Babcock & Wilcox Company (B&W) announced its intent to spin off its Power Generation business, and on June 8, 2015, B&W’s board of directors approved the spinoff. The Power Generation business is now known as Babcock & Wilcox Enterprises, Inc.

BWXT is the... (continue reading...)

Fiat Chrysler Automobiles (FCAU) Will Invest $280M in Tata Motors Joint Venture Jul 1, 2015 07:31AM

Fiat Chrysler Automobiles (NYSE: FCAU) has announced its intent to invest approximately $280 million in its manufacturing joint venture, Fiat India Automobiles Private Limited, with Tata Motors Limited. The investment in the manufacturing facility in Ranjangaon, India, will support the production of a new Jeep® vehicle and is expected to begin production in the second quarter of 2017.

"Today marks an important step as we continue to expand the availability of Jeep... (continue reading...)

TriMas Corp. (TRS) Completes Asset Spin to Newly-Formed Horizon Global (HZN) Jul 1, 2015 07:27AM

TriMas Corp. (NASDAQ: TRS) announced that it has completed the tax-free spin-off of its Cequent businesses to TriMas shareholders as a newly formed company named Horizon Global Corporation (NYSE: HZN). Horizon Global begins trading as an independent public company tomorrow on the New York Stock Exchange under the symbol “HZN.”

“We believe the spin-off will offer exceptional opportunity to drive value for both TriMas and Horizon Global, their respective employees... (continue reading...)

Macau Casono Revenue Declines 36.2% in June (LVS) (MGM) (WYNN) (MPEL) Jul 1, 2015 07:19AM

Macau casino revenue declined 36.2% year-over-year in June, said the city's Gaming Inspection and Coordination Bureau. The estimated decline was 38.3%, according to Bloomberg.

Related stocks in the US include Las Vegas Sands (NYSE: LVS), MGM Resorts (NYSE: MGM), Wynn Resorts Ltd (NASDAQ: WYNN), and Melco Crown (NASDAQ: MPEL).

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