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NASDAQ Market News

NASDAQ Hits 14-Year High

18 Aug 2014 @ 22:05
The last time the NASDAQ closed higher than 4,500 was March 2000. That’s more than 14 years ago. That was before 9/11, before the fall of Saddam Hussein, Muammar Gaddafi, or Osama bin Laden. It was before the sub-prime lending crisis and the bank bailout. It was before Facebook was born, and even before an obscure junior senator from Illinois, named Barack Obama, gave an...

Ambac announces pricing of Trust Private Placement

16 Aug 2014 @ 12:28
Expects to receive approximately $231 million in gross proceeds Ambac Financial Group, Inc. (Nasdaq:AMBC), a holding company whose subsidiaries provide financial guarantees and other financial services to clients in both the public and private sectors globally, announced today that it expects to receive approximately $231 million in gross proceeds in connection with a private placement of...

Skullcandy secures new ASTRO patent

16 Aug 2014 @ 12:21
Latest Patented Technology Greatly Facilitates Team Communication During Professional Gaming Competitions Skullcandy, Inc. (Nasdaq:SKUL), the original lifestyle and performance audio brand, and its division ASTRO Gaming, creators of premium video gaming equipment, today announced the issuance of U.S. Patent Number 8,602,892 directed to technology used in team-based LAN communication, which is...

When Coke Has a Monster Day, It's the Real Thing

15 Aug 2014 @ 21:27
Okay. I admit it. Sometimes journalists are overcome by hyperbole. But when we say that it was a monster of a day for Monster Beverage Corp. (NASDAQ:MNST) and Coca Cola (NYSE:KO), it is the real thing. When the two companies announced that the rumors about Coke purchasing a position in Monster were true, Monster’s share price increased more than 30% to 93.61 and stayed there for the...

Rex Energy cuts deal with Shell affiliate

12 Aug 2014 @ 22:05
Worth $120m Rex Energy Corporation (Nasdaq:REXX) today announced the acquisition of approximately 208,000 gross (207,000 net) acres in the company’s Butler Operated Area. Acquisition: Rex Energy has entered into a definitive purchase agreement with SWEPI, LP, an affiliate of Royal Dutch Shell, plc to acquire a 100% interest in approximately 208,000 gross (207,000 net) acres prospective...

Black Diamond nabs former Sony and Gap Executive

11 Aug 2014 @ 22:13
Zeena Freeman to join as President Black Diamond, Inc. (Nasdaq:BDE), a global performance equipment and apparel company, has appointed Zeena Freeman as president. As president, Freeman will succeed Black Diamond Co-Founder Peter Metcalf who will continue to serve as CEO and director. She will be taking over operating responsibility of the Black Diamond Equipment, POC and PIEPS brands. Her...

UniQure buys InoCard

11 Aug 2014 @ 22:10
Plans to tackle congestive heart failure uniQure (Nasdaq:QURE), a leader in human gene therapy, has announced the acquisition of InoCard GmbH, an innovative, early-stage biotechnology company focused on the development of gene therapy approaches for cardiac disease. InoCard has developed a novel gene therapy to preclinical proof of concept, for the one-time treatment of congestive heart...

Spirit cut deal with unions

07 Aug 2014 @ 20:00
BREAKING NEWS. Spirit Airlines (Nasdaq:SAVE) and its flight attendants, represented by the Association of Flight Attendants-CWA (AFA), announced today that they reached a tentative agreement for a five-year contract. The tentative agreement, which is subject to ratification by the flight attendant membership, planned for fourth quarter 2014, was unanimously supported by the union’s...

BP secure Indonesian approval for Tangguh expansion

07 Aug 2014 @ 19:51
Company call it a ‘signficant milestone’ BP announced today that the Government of Indonesia, through the Ministry of Environment, has approved the Tangguh Expansion Project Integrated AMDAL environmental and social impact assessment and issued the project an environmental permit. The AMDAL includes Tangguh’s environmental and social commitments. It also outlines the role of the...

Bob Evans' board calls takeover attempt "unsustainable"

06 Aug 2014 @ 21:35
Bob Evans Farms, Inc., (Nasdaq:BOBE) today mailed a letter from its Board of Directors to the Company’s stockholders, discussing the “unsustainable economic agenda” and “non-substantive operational suggestions” put forward by Sandell Asset Management, which is attempting to turn over control of the company at the Bob Evans 2014 Annual Meeting on August 20th. The...
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