Today’s Watch List: Dresser-Rand (NYSE:DRC), Corning (NYSE:GLW), Caterpillar Inc. (NYSE:CAT), First Solar (NASDAQ:FSLR), Medical Properties Trust (NYSE:MPW)
Analysts at Guggenheim upgraded shares of Dresser-Rand Group from a “neutral” rating to a “buy” rating in a research note on Thursday, August 14th. Dresser-Rand Group Inc. (NYSE:DRC) belongs to Industrial Goods sector. Its net profit margin is 4.60% and weekly performance is 6.53%. On last trading day company shares ended up $68.20. Dresser-Rand Group Inc. (NYSE:DRC) distance from 50-day simple moving average (SMA50) is … Continue reading Today’s Watch List: Dresser-Rand (NYSE:DRC), Corning (NYSE:GLW), Caterpillar Inc. (NYSE:CAT), First Solar (NASDAQ:FSLR), Medical Properties Trust (NYSE:MPW)
Active Stocks to Watch: Leidos Holdings (NYSE:LDOS), Sony (NYSE:SNE), Opko Health (NYSE:OPK), FedEx Corporation (NYSE:FDX), Alpha Natural Resources, Inc. (NYSE:ANR)
Leidos Holdings Inc. (NYSE: LDOS), a scientific, engineering, and technology applications company, is scheduled to hold its second quarter 2015 earnings conference call with investors to discuss operations and financial results on Tuesday, September 9, 2014 beginning at 8 a.m. Eastern. The company plans to issue its second quarter fiscal year 2015 earnings press release before the earnings conference call on September 9, 2014. Leidos … Continue reading Active Stocks to Watch: Leidos Holdings (NYSE:LDOS), Sony (NYSE:SNE), Opko Health (NYSE:OPK), FedEx Corporation (NYSE:FDX), Alpha Natural Resources, Inc. (NYSE:ANR)
Biotech Stock Update: Biotech Stock Gilead Scores Legal Victory Over Roche for Sovaldi
Shares of Gilead Sciences (GILD) gained 3.25% to close the trading session on Aug 15 at $99.45 per share following the favorable verdict by an arbitration panel in a patent infringement case with Roche (RHHBY). The tussle was regarding Gilead’s blockbuster hepatitis C drug, Sovaldi (sofosbuvir). Gilead received further encouraging news on Sovaldi when U.K.’s cost-effectiveness watchdog – NICE – recommended the use of the … Continue reading Biotech Stock Update: Biotech Stock Gilead Scores Legal Victory Over Roche for Sovaldi
Apple Inc. (NASDAQ:AAPL) Loses Face Over Appeal To Recover Legal Fees
The Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co Ltd (KRX:005935) patent war has become quite legendary with new twists and turns popping up with every passing week. That the tech giants finally agreed to drop all differences out of the US is clear. But what is irking Apple currently is the fact that it will not be able to recover the $16 million incurred as … Continue reading Apple Inc. (NASDAQ:AAPL) Loses Face Over Appeal To Recover Legal Fees
Bitcoin Ban Fear Fades Away: Bitcoin News Highlights
Coins has launched its second bitcoin startup in Southeast Asia with the formal opening of Coins.co.th in Thailand. Led by CEO Ron Hose, Coins launched its Philippines-based bitcoin exchange and merchant processing service Coins.ph in March, at the time enrolling two larger merchants – MetroDeal and CashCashPinoy – in its services. While coinciding with fewer supporting announcements, its entrance into Thailand’s market, however, may ultimately prove more telling for bitcoin’s progress in Asia as a whole.
Coins.co.th has been exchanging baht and bitcoin in Thailand since its soft launch in June, when it received its e-commerce registration from the Huay Khwang District Office. A report by Bangkok Post states that the district office has deemed bitcoin as a form of commodities trading, clearing the way for the company’s regulatory approval.
Jaturong Jantarangs, the Bank of Thailand’s senior director of the payment systems policy department, reportedly told the media outlet that trading bitcoins for baht does not require approval or a license from the central bank. As such, Coins.co.th claims that its exchange is now ‘fully legal’ under Thai law.
News on Bitcoins
The move can be seen as a positive sign for bitcoin’s progress in Asia, given that the Bank of Thailand was widely believed to have banned bitcoin in 2013. The determination also follows statements from the Bank of Thailand issued in March that suggested it did not consider bitcoin a currency.
While it is not being treated as a money services business, Coins.co.th indicated that it does need to follow related laws such as Thailand’s Civil and Commercial Code and Consumer Protection Act, as well as its anti-money laundering (AML) regulations. Topp Jirayut Srupsrisopa, who will manage Coins.co.th, added that he expects bitcoin’s legal situation in Thailand to become more clear over time, as local regulators learn more about the market and its potential.
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Facebook FB Stock: Insiders Dumping Shares
Facebook Inc (NASDAQ FB) insiders are at it again, quickly unloading more shares of the social network’s stock. Chief Operating Officer Sheryl Sandberg, director Susan Desmond-Hellmann, Chief Technology Officer Michael Todd Schroepfer, Chief Financial Officer David M. Wehner, Marketing VP David Fischer, General Counsel Colin Stretch and Chief Accounting Officer Jas Athwal all moved some shares around recently. Regulatory filings show that several insiders at … Continue reading Facebook FB Stock: Insiders Dumping Shares