Biotech stock market news

BioTech Stock News in Video : Valeant (NYSE:VRX) vs Allergan (NYSE:AGN) Takeover Battle, Medtronic (NYSE:MDT) + Covidien (NYSE:COV) $45 Billion Deal in Video + GMO Experiments

A source familiar with the matter said on Saturday, Medical-device maker Medtronic Inc and rival Covidien, are in advanced talks to combine in a deal valued at $45 billion to $50 billion. The person said, asking not to be named because the matter is not public, the deal, which would allow Medtronic to be domiciled in Ireland where Covidien is based and thus take advantage of lower tax rates, could come as soon as Monday. Minneapolis-based Medtronic, which makes cardiovascular and orthopedic devices, has a market value of about $61 billion.

An executive vice-president of Valeant Pharmaceuticals International Inc will leave the company, even as the Canadian drugmaker fends off criticism about management turnover from its takeover target Allergan Inc . Valeant confirmed late on Friday after inquiries by Reuters, Executive vice-president and company group chairman Ryan Weldon will leave. Like Chief Executive Mike Pearson, Weldon previously worked for management consulting firm McKinsey & Co. Valeant said Weldon’s departure was planned, and takes effect after it completes a $1.4 billion sale of several injectable treatments to Nestle SA.

Before residents in southern Oregon overwhelmingly voted to ban genetically modified crops last month, farmers negotiated for months with a biotech company that grows engineered sugar beets near their fields. Their goal was to set up a system to peacefully coexist, an online mapping database of fields to help growers minimize cross-pollination between engineered and non-engineered crops. But the effort between farmers and Swiss company Syngenta failed, leading to the ban. Last October, Oregon Gov. John Kitzhaber directed the state’s Department of Agriculture to undertake something far more ambitious than that failed mapping effort — map GMO field locations across the entire state and establish buffer zones and exclusion areas for GE crops.

Continue reading “BioTech Stock News in Video : Valeant (NYSE:VRX) vs Allergan (NYSE:AGN) Takeover Battle, Medtronic (NYSE:MDT) + Covidien (NYSE:COV) $45 Billion Deal in Video + GMO Experiments”

Notable Stocks in Focus: Medtronic, Inc. (NYSE:MDT), Brunswick Corporation (NYSE:BC), Penn National Gaming Inc. (NASDAQ:PENN), Limoneira Company (NASDAQ:LMNR), Brady Corp. (NYSE:BRC)

On Jan 27, Medical technology giant Medtronic, Inc. (NYSE:MDT) has finally completed the $42.9 billion takeover of its Irish counterpart Covidien plc , subsequent to the receipt of the Irish Court’s verdict in favor of the acquisition agreement. Medtronic, Inc. (NYSE:MDT) belongs to Healthcare sector. Its net profit margin is 16.80% and weekly performance is -3.27%. On last trading day company shares ended up $73.01. … Continue reading Notable Stocks in Focus: Medtronic, Inc. (NYSE:MDT), Brunswick Corporation (NYSE:BC), Penn National Gaming Inc. (NASDAQ:PENN), Limoneira Company (NASDAQ:LMNR), Brady Corp. (NYSE:BRC)

Stocks in Focus: Clayton Williams Energy, Inc. (NYSE:CWEI), Medtronic, Inc. (NYSE:MDT), Carbonite, Inc. (NASDAQ:CARB), Global Power Equipment (NYSE:GLPW), Ryman Hospitality Properties (NYSE:RHP)

Clayton Williams Energy (NASDAQ:CWEI) was downgraded by equities researchers at Raymond James to an “underperform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports . Clayton Williams Energy, Inc. (NYSE:CWEI) belongs to Basic Materials sector. Its net profit margin is 11.20% and weekly performance is 5.10%. On last trading day company shares ended up $58.27. Clayton Williams Energy, Inc. (NYSE:CWEI) distance from 50-day simple … Continue reading Stocks in Focus: Clayton Williams Energy, Inc. (NYSE:CWEI), Medtronic, Inc. (NYSE:MDT), Carbonite, Inc. (NASDAQ:CARB), Global Power Equipment (NYSE:GLPW), Ryman Hospitality Properties (NYSE:RHP)

Trader’s Alert: BlackBerry Ltd (NASDAQ:BBRY), J C Penney Company Inc (NYSE:JCP), Medtronic, Inc. (NYSE:MDT), Computer Task Group Inc. (NASDAQ:CTG), NRG Energy (NYSE:NRG)

BlackBerry Ltd (NASDAQ:BBRY) plans to wade into the transportation industry with new technology that will help shippers keep tabs on their freight. The Waterloo, Ont.-based company unveiled the foundation of its Internet of Things platform on Wednesday at the Consumer Electronics Show in Las Vegas, marking the first step towards building a service BlackBerry believes will be a gateway to growth for its business. BlackBerry … Continue reading Trader’s Alert: BlackBerry Ltd (NASDAQ:BBRY), J C Penney Company Inc (NYSE:JCP), Medtronic, Inc. (NYSE:MDT), Computer Task Group Inc. (NASDAQ:CTG), NRG Energy (NYSE:NRG)

Trader’s Alert: ConocoPhillips (NYSE:COP), Medtronic, Inc. (NYSE:MDT), Media General, Inc. (NYSE:MEG), The Bank of New York Mellon Corporation (NYSE:BK), Southwest Airlines (NYSE:LUV)

On Dec 08, ConocoPhillips (NYSE:COP) announced a 2015 capital budget of $13.5 billion, a decrease of approximately 20 percent compared to 2014. The reduction in capital relative to 2014 primarily reflects lower spending on major projects, several of which are nearing completion, as well as the deferral of spending on North American unconventional plays. ConocoPhillips (NYSE:COP) belongs to Basic Materials sector. Its net profit margin … Continue reading Trader’s Alert: ConocoPhillips (NYSE:COP), Medtronic, Inc. (NYSE:MDT), Media General, Inc. (NYSE:MEG), The Bank of New York Mellon Corporation (NYSE:BK), Southwest Airlines (NYSE:LUV)

Trader’s Watch List: Regions Financial Corporation (NYSE:RF), Baker Hughes Incorporated (NYSE:BHI), Medtronic, Inc. (NYSE:MDT), ClearOne, Inc. (NASDAQ:CLRO), EP Energy Corporation (NYSE:EPE)

An issue of Regions Financial Corp (NYSE:RF) debt rose 2.4% as a percentage of its face value during trading on Friday, American Banking News reports. The high-yield debt issue has a 7.375% coupon and is set to mature on December 10, 2037. Regions Financial Corporation (NYSE:RF) belongs to Financial sector. Its net profit margin is 31.20% and weekly performance is 0.70%. On last trading day … Continue reading Trader’s Watch List: Regions Financial Corporation (NYSE:RF), Baker Hughes Incorporated (NYSE:BHI), Medtronic, Inc. (NYSE:MDT), ClearOne, Inc. (NASDAQ:CLRO), EP Energy Corporation (NYSE:EPE)