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Texas Industries Names Tom Ransdell Chairman

Tue, 18 Jun 2013 18:29:44 -0400

Texas Industries (NYSE: TXI) announced today that its Board of Directors has named Mr. Tom Ransdell as its Chairman of the Board effective June 18, 2013. Mr. Ransdell has been an independent director of TXI since 2005, and has many years of experience in the construction materials industry. Mr.

Symmetricom Announces Strategic Restructuring Plan

Tue, 18 Jun 2013 18:28:36 -0400

Symmetricom (NASDAQ: SYMM) today announced a strategic restructuring plan and updated its financial outlook for its fiscal fourth quarter ending June 30, 2013. The restructuring plan includes the realignment and consolidation of several organizations, elimination of certain activities, and a workforce reduction of approximately 12% of total headcount. These

MasterCard Announces Annual Meeting Results; Stockholders Re-elect 12 Members to Board of Directors

Tue, 18 Jun 2013 16:31:35 -0400

MasterCard Incorporated (NYSE: MA) announced the results of its Annual Meeting of Stockholders, held earlier today at the company's headquarters in Purchase, NY. At the meeting:

each of MasterCard's directors were re-elected for an annual term; MasterCard's executive compensation was approved on an advisory basis; and the appointment

LoJack Announces Election of Phil Horlock to Board of Directors

Tue, 18 Jun 2013 16:05:51 -0400

LoJack Corporation (NASDAQ: LOJN), a leading provider of vehicle theft recovery and advanced fleet management solutions, today announced that transportation industry executive Phil Horlock has been elected to its Board of Directors, effective immediately. Horlock, the Board's ninth member and eighth independent director, will serve until the

Dan Loeb's Third Point Boosts Sony Stake, Reiterates Stance For Entertainment IPO (SNE)

Tue, 18 Jun 2013 15:11:22 -0400

Activist investor Dan Loeb of Third Point Capital has taken a larger stake in embattled technology maker Sony (NYSE: SNE) in an attempt to maximize shareholder value in the conglomerate. Loeb overnight announced that his fund raised its stake in the company to 6.9 percent in a bid

Stop Shaving That Yak, and Make Your App Faster

Tue, 18 Jun 2013 14:29:25 -0400

Can James Hackett hack it in private equity?

Tue, 18 Jun 2013 14:27:33 -0400

Last week, we learned that James Hackett, the former CEO of Anadarko Petroleum Corp. (NYSE: APC), has joined a large private equity firm in Houston...

If You Think Your Job Sucks, Wait Until You Hear About the Job This CEO Took in College (OTCM)

Tue, 18 Jun 2013 11:53:20 -0400

Cromwell Coulson is the CEO of OTC Markets Group (OTC: OTCM) (OTCQX: OTCM). Before leading that firm to where it is today, Coulson spent a day "going around with a guy who worked for an oil company."

Coulson told Benzinga that they pulled equipment out of an oil rig

Countdown: 60 Dayton companies with biggest revenue jump

Tue, 18 Jun 2013 10:31:42 -0400

For many Dayton-area companies, 2012 was a great year. We decided to compile our list of some of the fastest-growing companies in the region...

As CFOs Get Stretched Too Thin, Public Companies Turning to Outside Help

Tue, 18 Jun 2013 09:52:48 -0400

Glass Lewis Urges Holders of CommonWealth REIT to Remove Entire Board of Trustees

Tue, 18 Jun 2013 09:07:50 -0400

Corvex Management LP ("Corvex") and Related Fund Management, LLC ("Related"), today commented on the report published by Glass Lewis & Co. ("Glass Lewis"), one of the nation's leading independent proxy advisory firms, recommending that their clients vote to remove the entire board of trustees at CommonWealth REIT (NYSE: CWH) by consenting to ALL

Ceragon Receives Orders for Evolution Long Haul from Beeline Tajikistan

Tue, 18 Jun 2013 05:57:09 -0400

Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today announced that it has received orders from LLC Tacom which operates under the brand name Beeline in Tajikistan. LLC Tacom, an affiliated company of VimpelCom (NYSE: VIP), one of the world's largest integrated telecommunications services,

Sunshine Heart Announces Treatment Milestone for C-Pulse Device

Tue, 18 Jun 2013 05:54:30 -0400

Sunshine Heart, Inc. (NASDAQ: SSH) today announced a major milestone for its flagship C-Pulse device. As of today, C-Pulse has been implanted in 25 patients in North America and Germany, representing a cumulative 25 years of active C-Pulse heart failure treatment, or over one billion inflation and deflation

Peter Finter Named Gigamon CMO

Mon, 17 Jun 2013 20:01:12 -0400

Gigamon (NYSE: GIMO) announced today that networking veteran Peter Finter has joined the company as Chief Marketing Officer. Finter will focus on developing and advancing the marketing objectives of the company as we expand our presence and brand worldwide. Finter joins Gigamon from Juniper Networks. "Peter's background, perspective, experience

Vanda Presents Positive Data from Phase 3 Tasimelteon Study

Mon, 17 Jun 2013 20:00:33 -0400

Vanda Pharmaceuticals Inc. (Vanda) (NASDAQ: VNDA) presented additional data today at ENDO 2013, the Endocrine Society's 95th Annual Meeting, demonstrating that tasimelteon can entrain (synchronize) both melatonin and cortisol rhythms. This effect further confirms tasimelteon's potential to reset the master body clock and address the circadian desynchrony which

CDTi Announces the Appointment of Lon E. Bell, Ph.D. to Its Board of Directors

Mon, 17 Jun 2013 16:16:00 -0400

Clean Diesel Technologies (Nasdaq: CDTI), a cleantech emissions control company, announced today that Lon E. Bell, Ph.D.has been appointed to serve as an independent director on CDTi's Board of Directors. Dr. Bell, an experienced industry executive with a national reputation as an expert in the mass production of

KaloBios Appoints Donald R. Joseph as Chief Legal Officer

Mon, 17 Jun 2013 16:01:07 -0400

KaloBios Pharmaceuticals (Nasdaq: KBIO) today announced the appointment of Donald R. Joseph as Chief Legal Officer. Mr. Joseph brings to KaloBios almost 20 years of biopharmaceutical industry experience and has worked in both public and private companies, as well as major global health non-profit organizations.

"Don has

Why Can't All Investors Trade Over-the-Counter Before the Market Opens? (OTCM)

Mon, 17 Jun 2013 13:59:35 -0400

Not all investors have pre-market access to stocks traded within OTC Markets Group's (OTC: OTCM) (OTCQX: OTCM) three exchanges.

Some are only allowed to trade after the market opens. This has created a degree of frustration and confusion among those who assumed that investors were able to trade whenever

Orchard Supply Set to Sell to Lowe's For $205 Million (LOW, OSH)

Mon, 17 Jun 2013 13:27:11 -0400

Neighborhood hardware and garden supply chain Orchard Supply (NASDAQ: OSH) announced Monday morning that it would voluntarily file for bankruptcy in an effort to sell itself to Lowe's (NYSE: LOW). Orchard Supply shares initially popped on the news but have since sold off while Lowe's shares

Action in Timber May Signal Start of Recovery

Mon, 17 Jun 2013 13:10:35 -0400

Deals and announcements over the weekend lend credence to the notion that a recovery in North America’s forest products market may be underway.

For starters, one of the world’s largest lumber companies is about to get larger. The Seattle Times reported Sunday that Federal Way, Washington-based Weyerhaeuser (NYSE:

Boeing, GE Capital Aviation Services Announce Commitment for 10 787-10X Dreamliners

Mon, 17 Jun 2013 05:54:08 -0400

Boeing (NYSE: BA) and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), announced today at the 2013 Paris Air Show a commitment to order 10 787-10X Dreamliners equipped with state-of-art GEnx engines, subject to the 787-10 program

Geron Presents Updated Results from Imetelstat Phase 2 Proof-of-Concept Trial in Essential Thrombocythemia

Sun, 16 Jun 2013 19:06:00 -0400

Geron Corporation (NASDAQ: GERN) today announced that updated clinical results from the company's Phase 2 trial of imetelstat in essential thrombocytopenia (ET) were presented in an oral session at the 18th Congress of the European Hematology Association (EHA) in Stockholm by a principal investigator of the trial, Prof.

Brookfield Infrastructure Sells Interest in its US Pacific Northwest Timberland Operations for Approximately $640M

Sun, 16 Jun 2013 19:04:44 -0400

Brookfield Infrastructure (NYSE: BIP)today announced that it has signed definitive agreements to sell its interest in its U.S. Pacific Northwest timberland operations for approximately $790 million. The buyer will assume Brookfield Infrastructure's proportionate debt of approximately $320 million resulting in net proceeds from the transaction of approximately $470

Weyerhaeuser to Acquire Longview Timber from Brookfield Asset Management for $2.65B

Sun, 16 Jun 2013 19:03:20 -0400

Weyerhaeuser Company (NYSE: WY) today announced it has a signed definitive stock purchase agreement to acquire Longview Timber LLC from affiliates of Brookfield Asset Management (NYSE: BAM) for $2.65 billion, which includes the assumption of debt. The transaction is subject to the satisfaction of customary closing

Doyle Simons Named President And CEO of Weyerhaeuser

Sun, 16 Jun 2013 19:01:34 -0400

Weyerhaeuser Company (NYSE: WY) today announced its board of directors has elected Doyle Simons, age 49, president and chief executive officer, effective August 1, 2013. He will be engaged as CEO Elect effective immediately. Simons succeeds Dan Fulton, who turns 65 this year and will be retiring as

Time Warner's 'Man of Steel' Grosses $184.7M Worldwide Opening Weekend

Sun, 16 Jun 2013 19:01:10 -0400

Rentrak Corporation (NASDAQ: RENT), the global leader in box office measurement, today announced the worldwide weekend box office estimates for the weekend of June 16, 2013 as compiled by the company's Box Office Essentials™ and International Box Office Essentials™ theatrical measurement services. As the trusted standard for all studio

Harris Corp Receives $55M in Orders for Falcon Tactical Radios

Sun, 16 Jun 2013 18:58:09 -0400

Harris Corporation (NYSE: HRS), an international communications and information technology company, has received $55 million in orders from an international customer to deliver both line-of-sight and beyond-line-of-sight

Harris Corp Award $92M Contract from Middle East Nation

Sun, 16 Jun 2013 18:57:46 -0400

Harris Corporation (NYSE: HRS), an international communications and information technology company, has received a $92 million contract from a Middle Eastern nation for an integrated command, control and

Rockwood to Sell CeramTec to Cinven for Approximately $1.98B

Sun, 16 Jun 2013 09:25:46 -0400

Rockwood Holdings, Inc. (NYSE: ROC) announced today it entered into a definitive agreement to sell CeramTec, its advanced ceramics business to Cinven, a European private equity firm for EUR 1.49 billion gross

Bristol-Myers Squibb, AbbVie Announce Progression-Free Survival Data from Phase 2 Multiple Myeloma Study

Sat, 15 Jun 2013 11:51:43 -0400

Bristol-Myers Squibb Company (NYSE: BMY) and AbbVie (NYSE: ABBV) today announced updated efficacy and safety data from a small, randomized Phase 2, open-label study in patients with previously-treated

Cavco Industries Acquires Remaining 50% Ownership in Fleetwood Homes

Sat, 15 Jun 2013 09:34:30 -0400

Cavco Industries, Inc. (NASDAQ: CVCO) announced Friday that it entered into an agreement to acquire full ownership of Fleetwood Homes, Inc., the parent company of Fleetwood Homes, Palm Harbor Homes, CountryPlace Mortgage, and Standard Casualty business units. Cavco currently owns fifty percent of Fleetwood Homes, Inc. and the acquisition

Raven Announces Pilot Project with Google

Sat, 15 Jun 2013 08:12:38 -0400

Raven Industries, Inc. (NASDAQ: RAVN) announced Friday it is involved in a pilot project with Google (NASDAQ: GOOG) designed to provide high-speed wireless Internet accessibility to rural, remote and underserved areas of the world. Google plans to use Raven-designed and developed high-tech balloons as part of

Boeing Awards Raytheon Contract for F-15C AESA Radars

Sat, 15 Jun 2013 08:10:30 -0400

Boeing Company (NYSE: BA) has awarded Raytheon Company (NYSE: RTN) a follow-on contract for the sixth production lot of APG-63(V)3 active electronically scanned array radars for United States Air Force and Air National Guard F-15C aircraft. "We have been a partner on the F-15 for more

Leo Burnett ramps up new social and mobile practice

Fri, 14 Jun 2013 15:10:36 -0400

Chicago-based Leo Burnett is doubling down on social and mobile capabilities as the iconic agency positions itself for the future...

Kraft breaks one unit into two to boost brand building

Fri, 14 Jun 2013 14:53:17 -0400

Packaged foods behemoth Kraft Foods (NASDAQ: KRFT) said today it hopes to de-complicate — just a bit — its vast business structure by dividing the company's huge grocery unit into two new standalone units, effective July 1...

SRA International's Ernst Volgenau reflects on executive transition

Fri, 14 Jun 2013 13:10:45 -0400

One of the many interviews conducted for this week’s cover story on Jack London of CACI International Inc...

Can Companies Recover from a Nasdaq or NYSE Delisting?

Fri, 14 Jun 2013 12:47:36 -0400

When THQ (OTC Pink: THQIQ) filed for bankruptcy and sold off all of its assets, investors knew it was the end. Though many had already abandoned the stock, there was always hope that the firm could make a comeback.

That did not happen, but THQ's demise started long before

Hydrogenics Announces World's Largest Power to Gas Facility is Now Operational

Fri, 14 Jun 2013 06:41:01 -0400

Hydrogenics Corporation (NASDAQ: HYGS) (TSX:HYG) a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, today announced that the largest Power to Gas facility in the world went "live" this week with the first direct injection of hydrogen into a gas pipeline using Hydrogenics technology. Last year,

MAXIMUS Signs Contract to Operate Maryland's Health Benefit Exchange Services and Command Center Operations

Fri, 14 Jun 2013 06:39:12 -0400

MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, announced that it has signed a new contract with the Maryland Health Benefit Exchange (MHBE) to operate the Consolidated Service

Alimera Sciences Announces Positive UK Appraisal Recommendation On ILUVIEN

Fri, 14 Jun 2013 06:38:30 -0400

Alimera Sciences, Inc. (NASDAQ: ALIM) (Alimera), a biopharmaceutical company that specializes in the research, development and commercialization of prescription ophthalmic pharmaceuticals, today announced that the Appraisal Committee of the United Kingdom's National Institute for Health and Care Excellence (NICE) has issued a positive Appraisal Consultation Document (ACD) on

Uroplasty Delays 10-K Filing

Fri, 14 Jun 2013 06:37:12 -0400

Uroplasty, Inc. (NASDAQ: UPI), a medical device company that develops, manufactures and markets innovative products to treat voiding dysfunctions, announced today that it will delay the filing of its Annual Report on Form 10-K for the year ended March 31, 2013, until the completion of a review of

CBRE Group Acquires SOGESMAINT-CBRE

Fri, 14 Jun 2013 06:32:11 -0400

CBRE Group, Inc. (NYSE: CBG), the global commercial real estate services and investment firm, today announced that it has acquired full ownership of SOGESMAINT-CBRE, a property and asset management specialist operating

CDW Corporation Announces 27.9M Share IPO

Fri, 14 Jun 2013 06:28:22 -0400

CDW Corporation announced today that it has commenced an initial public offering of 27,900,000 shares of common stock pursuant to a Registration Statement on Form S-1 filed with the U.S. Securities and Exchange

CorVel Announces Stock Up to $14M Stock Buyback

Fri, 14 Jun 2013 06:16:36 -0400

CorVel Corporation (NASDAQ: CRVL) announced that pursuant to Board of Directors approval, the Company entered into a pre-arranged stock trading plan on June 11, 2013 to spend up to $14 million to repurchase shares of its common stock commencing June 26, 2013 through August 21, 2013. The stock trading

China Sunergy Begins Shipments from Turkey Plant

Fri, 14 Jun 2013 06:11:26 -0400

China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced that it has begun shipping solar modules from its plant in Istanbul, Turkey, and will deliver a total of approximately 6.4MW from mid-June to August 2013 to a

Pardee Resources Elects William G. Foulke New Board Chairman

Fri, 14 Jun 2013 06:10:49 -0400

Pardee Resources Company (PRC) (OTC: PDER) recently elected William G. Foulke as its new board chairman. Mr. Foulke has served as a director of the Company, and

Laredo Petroleum Names Jay P. Still as President and COO

Thu, 13 Jun 2013 19:42:14 -0400

Laredo Petroleum Holdings, Inc. (NYSE: LPI) today announced it has named Jay P. Still as President, Chief Operating Officer and a member of the Company's Board of Directors, effective July 8, 2013. Mr. Still, who recently resigned his position as Executive Vice President, Domestic Operations at Pioneer Natural

Echo Therapeutics Prices 4.025M Share Offering at $2.70/Share

Thu, 13 Jun 2013 19:41:37 -0400

Echo Therapeutics, Inc. (NASDAQ: ECTE), a company developing its needle-free Symphony® CGM System as a non-invasive, wireless continuous glucose monitoring system, today announced the pricing of a previously announced underwritten public offering of 4,025,000 shares of its common stock, offered at a price to the public of $2.70

First Hyatt Regency Hotel Opens in New Delhi's National Capital Region

Thu, 13 Jun 2013 18:47:54 -0400

Hyatt Hotels Corporation (NYSE: H) announced the opening of Hyatt Regency Gurgaon in New Delhi's National Capital Region (NCR). Located in the rapidly expanding business and residential

Nautilus CFO Linda Pearce Resigns

Thu, 13 Jun 2013 18:47:01 -0400

Nautilus, Inc. (NYSE: NLS) reported today that Linda Pearce, Chief Financial Officer, has resigned to pursue other interests. Ms. Pearce's resignation is effective July 2, 2013, and she will remain employed with the Company