Nikkei 225 Up 0.35%

Nikkei 225 Up 0.35%

The Nikkei 225 Thursday stayed in recent form, edging up 0.35% as traders eyed overnight Wall Street gains, a generally good economic outlook and the pending earnings season. In other news, troubled Kobe Steel (KBSTY, 5406:Tokyo), said quality falsification may spread beyond copper and aluminum. Also, industrial giant Toshiba (TOSYY, 6502:Tokyo) was removed from the Tokyo Stock Exchange’s watch list, after addressing book-keeping and corporate governance issues. Japan’s wholesale prices […]

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Vericel Says it Won’t Conduct Further Ixmyelocel-T Clinical Trials Without a Partner

Vericel Says it Won’t Conduct Further Ixmyelocel-T Clinical Trials Without a Partner

Vericel’s (VCEL) shares were off 12% in early trading Thursday after the company provided an update including word that it would not pursue its license application for ixmyelocel-T for the treatment of patients with advanced heart failure unless fully funded by a partner. Vericel said it met with the U.S. Food and Drug Administration (FDA) Sept. 29 to discuss the potential for an accelerated approval pathway for ixmyelocel-T for the […]

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Onvia Doubles in Pre-Market to Multi-Year High

Onvia Doubles in Pre-Market to Multi-Year High

Onvia (ONVI), a provider of sales intelligence and acceleration technologies, said pre-market Thursday it has agreed to be acquired by Project Diamond Intermediate Holdings Corp., the parent entity of Deltek, a provider of enterprise software and information solutions for government contractors. Shares jumped 97% after coming off a trading halt, reaching $8.95. The stock has not reached that level since 2001. Project Diamond will buy all of the outstanding shares […]

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Teck Gets Regulatory Ok for Share Repurchase Plan

Teck Gets Regulatory Ok for Share Repurchase Plan

Teck Resources (TECK) advanced in pre-market New York trading after the Canada-based mining company said it has been informed that the Toronto Stock Exchange has accepted Teck’s notice of intention to make a normal course issuer bid to buy its class B subordinate voting shares. Shares rose as much as 1.5% as of 9:15 a.m. in New York. Under the normal course issuer bid, Teck may buy up to 20 […]

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Asian Stock Markets On Wall Street Cues

Asian Stock Markets On Wall Street Cues

Asian stock markets generally rose on Tuesday, as traders eyed overnight Wall Street gains and a decision by the People’s Bank of China to cut to reserve requirement ratio, thus increasing banker’s capacity to extend loans. Shanghai was closed on holiday, but Hong Kong rose 2.25% and Tokyo gained also. Other regional exchanges were largely up, through Singapore and Sydney lost ground. The Nikkei 225 Tuesday gained 1.05% on Wall […]

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