NASDAQ Market News

BREAKING NEWS ShawCor Ltd. (TSX:SCL) has announced that it has completed the acquisition of all of the outstanding shares of Desert NDT LLC, first announced on May 8, 2014, for a total consideration of approximately US$260 million, subject to adjustment for changes in working capital. Desert is a Houston-based provider of non-destructive testing services for […]

KVH Industries, Inc., (Nasdaq:KVHI) has acquired Videotel, a producer of training films and e-Learning services for the commercial maritime industry. Servicing over 11,000 vessels, Videotel is a market leader in the provision of maritime training services, offering video, animation, e-Learning computer-based training (CBT), and interactive distance learning courses. “The acquisition of...

Read on… Corinthian Colleges, Inc. (Nasdaq:COCO) has signed an operating agreement with the U.S. Department of Education that establishes an orderly transition plan for its 107 campuses and online programs, and allows its students to complete their educational programs. ED has also provided for an immediate drawdown of Title IV (student financial aid) funds for […]

$946 Million Tarp repayment from Popular, Inc. The U.S. Department of the Treasury today announced that US taxpayers received a full repayment from Popular, Inc. (Popular) of $946 million. Popular (NASDAQ:BPOP), the largest bank that remained in the Capital Purchase Program (CPP), recently received regulatory approval from the Board of Governors of the Federal Reserve […]

If you think you have ever been confused, you should be glad you’re not an investor in GlaxoSmithKlein (LSE:GSK) (NYSE:GSK). They are REALLY confused. The admixture of good news, bad news and worse news is an analyst’s nightmare and it’s hitting investors like a punch-drunk boxer after taking a right cross to the cheek followed […]

Approval of AFREZZA(R); a novel, rapid-acting inhaled insulin for the treatment of diabetes MannKind Corporation (Nasdaq:MNKD) today announced that the U.S. Food & Drug Administration (FDA) has approved AFREZZA Inhalation Powder to improve glycemic control in adult patients with diabetes mellitus. “Approval of AFREZZA is an important milestone for MannKind, as today’s FDA...

The U.S. economy suffered a 2.9%  decline in GDP during the first quarter of 2014. Whilst that statement on its own is bad enough, it is even worse when we understand that it is  the worst quarterly performance since the first quarter of 2009, which, by the way, was the first quarter of Barack Obama’s […]

Well, read on… P.A.M. Transportation Services, Inc. (Nasdaq:PTSI) today announced that it is set to join the broad-market Russell 3000 Index and the Russell Global Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 27, 2014. Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks […]

Preliminary Loss Estimate for Second Quarter Spring Storms United Fire Group, Inc. (Nasdaq:UFCS) today announced that it expects its second quarter results to include pre-tax catastrophe losses, net of reinsurance, of approximately $20.0 million – $23.0 million from spring storms. The estimated impact on second quarter earnings is $0.51 to $0.59 per share, after tax. […]

Merger to Create One of New Jersey’s Premier Financial Institutions With Enhanced Financial Resources and Technology Serving Middle Market Commercial Businesses ConnectOne Bancorp, Inc. (Nasdaq:CNOB), parent company of ConnectOne Bank, and Center Bancorp, Inc. (Nasdaq:CNBC), parent company of Union Center National Bank, today jointly announced that their respective shareholders, at...