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Biogen Idec (BIIB)
Biogen Idec announced today the submission of a marketing authorization application (MAA) to the European Medicines Agency for Fampridine Prolonged Release (Fampridine-PR) tablets, a novel oral therapy for the improvement of walking ability in adult patients with multiple sclerosis (MS). The company also has filed a New Drug Submission (NDS) to Health Canada.
Jan 12 · 11:29:00 AM · Source: Company News
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by Larry Etter
CIT Group (CIT)
CIT Group said Tuesday it named three new directors -- Gerald Rosenfeld, Anthony Terracciano and Laura Unger. CIT also announced that Christopher Shays and Lois Van Deusen have resigned. The company added that a search for a new CEO.
Jan 12 · 11:25:00 AM · Source: Company News
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by Larry Etter
Supervalu (SVU)
Supermarket company Supervalu, whose regional brands banners include Albertsons and Jewel-Osco, posted net income of $109 million, or 51 cents a share, for its fiscal third quarter. In the year-earlier period, it had a net loss of $2.94 billion on a massive non-cash charge.
Sales in the latest period fell to $9.22 billion from $10.17 billion.
Earnings topped expectatations and it maintained its full-year forecast.
Jan 12 · 11:12:00 AM · Source: Company News Release
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by Larry Etter
Tiffany (TIF)
Tiffany & Co. Tuesday said worldwide sales during the two months holiday season -- the two months ended December 31, 2009 -- were up a healthy 17 percent vs. last year. Tiffany's management said it now believes net sales and earnings for the fiscal year ending January 31st will exceed its previous expectations.
Jan 12 · 11:08:00 AM · Source: Company News Release
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by Larry Etter
KB Home (KBH)
KB Home, the Los Angeles-based homebuilder, said Tuesday that it had posted quarterly net income of $100.7 million, or $1.31 a share, compared with a net loss of $307.3 million, or $3.96 a share, in the year-earlier quarter. KB said the latest quarter included an income tax benefit of $191.7 million. Revenue for the quarter fell 27% to $674.6 million. The company said average selling prices of a home fell 12% from the fourth quarter of 2008, while deliveries decreased 22%.
Revenues topped analyst estimates.
Jan 12 · 10:59:00 AM · Source: Company News Release
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by Larry Etter
Hartford Financial Services (HIG)
Hartford Financial Services Group Inc rose in New York trading Tuesday after saying operating earnings probably beat a forecast it gave two months ago. Earnings will be reported on February 4.
Jan 12 · 10:51:00 AM · Source: Business Week
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by Larry Etter
Kona Grill (KONA)
Kona announced that for the fourth quarter 2009, sales increased 7.7% to $20.0 million from $18.6 million a year-ago, while comparable restaurant sales decreased approximately 8.1%. During its third quarter conference call in October, the Company had previously forecasted an approximate 9.0% decrease in comparable restaurant sales for the period. The Company will release and comment on these results during its next quarterly earnings call, scheduled for February 10, 2010.
SSS down 8.1%, ouch. Sure, that's better than their initial forecast of a 9.0% decline, but still not pretty.
Jan 12 · 7:47:00 AM · Source: Company Press Release
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by Rich Pike
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