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Richmont Mines Adopts New Shareholder Rights Plan

Richmont Mines Adopts New Shareholder Rights Plan

March 31, 2017 at 12:36 pm 0 comments

Richmont Mines said late Thursday that it has adopted a new shareholder rights plan in connection with the amendments to Canadian securities laws governing the take-over bid regime that came into effect on May 9, 2016. It said it was not adopted in response to any proposal to acquire control of of the company. The company’s existing shareholder rights planRead More

MidEast Shares Mostly Higher

MidEast Shares Mostly Higher

March 30, 2017 at 12:32 pm 0 comments

MidEast shares mostly rose, with Kuwait rebounding from early session losses on bargain hunting. Investors are seen mixed on Kuwait, with some seeing the index as fairly valued while others are positive on the Kuwaiti government’s strong financial position. In company news, Yanbu National Petrochemical said it plans to shutdown temporarily two of its facilities. The financial impact was estimatedRead More

Qualcomm Appoints James Thompson as Chief Technology Officer

Qualcomm Appoints James Thompson as Chief Technology Officer

March 29, 2017 at 12:48 pm 0 comments

Qualcomm said early Wednesday it has named James Thompson as chief technology officer in addition to his current role as executive vice-president of engineering of Qualcomm Technologies. Thompson will replace Matt Grob, who will remain executive vice-president at Qualcomm Technologies and continue to report to CEO Steve Mollenkopf. In addition to leading QCT engineering, as CTO, Thompson will align theRead More

Ford Motor Company Shares Gain

Ford Motor Company Shares Gain

March 28, 2017 at 12:17 pm 0 comments

Ford Motor Company shares were up 2.8% after the company said it is investing $1.2 billion in three Michigan manufacturing facilities. The car maker it is investing $850 million in Michigan Assembly Plant to retool the plant to build the all-new Ford Ranger and Ford Bronco. Employees at Michigan Assembly Plant will begin building Ranger at the end of 2018Read More

Philip Morris Unveils Positive Results on Clinical Study

Philip Morris Unveils Positive Results on Clinical Study

March 27, 2017 at 11:41 am 0 comments

Philip Morris International reported pre-market Monday positive results from a clinical study conducted in Japan on its first electronically heated tobacco product IQOS. The study showed that smokers who switched to the product reduced their exposure to 15 harmful chemicals to levels that approached those of individuals who quit smoking. The study also showed improvements in indicators specific to smoking-relatedRead More

PPG Raises Automotive and Industrial Coatings Prices in Europe

PPG Raises Automotive and Industrial Coatings Prices in Europe

March 24, 2017 at 12:26 pm 0 comments

PPG, a provider of a range of coatings and specialty materials, said early Friday it will implement customer-specific price increases and surcharges in Europe to offset a significant rise in raw material costs. The price changes will impact a select group of automotive OEM (original equipment manufacturer) and industrial coatings products, effective May 1 or as contracts permit. “The recentRead More

La Jolla Pharmaceutical Prices Share Offering

La Jolla Pharmaceutical Prices Share Offering

March 23, 2017 at 11:46 am 0 comments

La Jolla Pharmaceutical Company said pre-market Thursday it priced its underwritten public offering of 3.7 million shares of common stock at $33.50 per share, equal to a 1.8% discount relative to the stock’s Wednesday closing price, for expected gross proceeds of $125 million. Shares were up 3.6% in recent pre-market trade. In addition, La Jolla granted the underwriters a 30-dayRead More