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NASDAQ Market News

BP report $3bn Q3 profit

30 Oct 2014 @ 23:12
Down £0.7bn on Q3 2013 BP has reported its financial results for the third quarter of 2014. Underlying replacement cost profit for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating cash flow for the first nine months of 2014 was $25.5 billion. “BP’s...

Facebook Results = Like

28 Oct 2014 @ 23:11
After a week of whispering and wondering, it’s a “thumbs up” for Facebook’s third quarter results (NASDAQ:FB) which were released just after the Nasdaq closed today, exceeding Wall Street expectations and the company’s own projections in every area. The irony is that Facebook’s share price is trending lower in after-hours trading. Shares in Facebook have...

CareTrust REIT to acquire Cross Healthcare housing portfolio?

28 Oct 2014 @ 22:31
Yes, they are! CareTrust REIT (Nasdaq:CTRE) today announced that it has agreed to acquire a three-facility assisted living and memory care portfolio from Cross Healthcare, an assisted living and seniors housing operators. The Idaho portfolio includes 90 units and is being purchased for $12.0 million. The three facilities will be leased back to Cross affiliates under a triple-net master lease...

Xoom to launch Cross-Border Bill Pay

28 Oct 2014 @ 22:26
Xoom Corporation (Nasdaq:XOOM), a digital money transfer provider, will be introducing Xoom Bill Pay, a “cutting edge technology platform that facilitates cross-border bill payments, allowing people to pay their loved one’s bills online”. Xoom Bill Pay is scheduled to launch in November with cross-border bill pay to Mexico, Guatemala, El Salvador, Nicaragua and the Dominican...

BP and CGG to develop new Marine Seismic Source technology

28 Oct 2014 @ 22:21
Two global companies to collaborate on R&D to take offshore industry’s subsea imaging capability to the next level. BP and CGG today announced an agreement for collaborative research and development in the field of new types of marine vibratory seismic sources. The agreement combines the companies’ research efforts and expertise to develop and deploy innovative seismic source technology...

Ultragenyx granted orphan drug designation for Triheptanoin

27 Oct 2014 @ 20:31
For the Treatment of Glucose Transporter Type-1 Deficiency Syndrome Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development of novel products for rare and ultra-rare diseases, today announced that the FDA Office of Orphan Products Development has granted orphan drug designation for triheptanoin (UX007) for the treatment of glucose transporter...

SPAR Group expands Canadian operation

27 Oct 2014 @ 20:27
SPAR Group, Inc. (Nasdaq:SGRP), a supplier of retail merchandising and other marketing services throughout the United States and internationally, today announced the expansion of its service offerings with Koodo and its parent company TELUS Communications Company in Canada. In a statement the company said: “Koodo is the smart and affordable Canadian mobile alternative. Launched in 2008...

Avis Budget to acquire fresh business in US western markets

26 Oct 2014 @ 21:17
Acquires budget licensee for Southern California and Las Vegas Avis Budget Group, Inc. (Nasdaq:CAR), a leading provider of vehicle rental services, announced today that it has agreed to acquire its Budget Car Rental licensee for southern California and Las Vegas for approximately $210 million, plus the cost of acquired fleet. The licensee being acquired operates directly at Los Angeles...

Myriad establishes laboratory in Europe

26 Oct 2014 @ 21:12
Tumor BRACAnalysis CDx will “Identify More Patients for Treatment With PARP Inhibitors” Myriad Genetics, Inc. (Nasdaq:MYGN) today announced it has established a Tumor BRACAnalysis CDx laboratory in Europe. Myriad’s next-generation Tumor BRACAnalysis CDx test is a companion diagnostic that will identify up to 50 percent more patients with BRAC mutations who may benefit from...

The Chefs' Warehouse acquires Euro Gourmet

26 Oct 2014 @ 21:09
Acquisition increases foothold in Mid-Atlantic region The Chefs’ Warehouse, Inc. (Nasdaq:CHEF), a premier distributor of specialty food products in North America, today announced that it has acquired substantially all of the assets of Euro Gourmet Inc., based in Beltsville, Maryland. Founded in 1999, Euro Gourmet is a wholesale specialty distributor of imported and domestic products...
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