Stockwinners Market Radar for June 06, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

19:02 EDT NV5 Global acquires Richard D. Kimball Co., terms not disclosed - NV5 Global announced that it has acquired Richard D. Kimball Co. Founded in 1897, RDK is an established leader in the provision of energy efficiency and MEP services. Based in Boston, and with approximately $33M in annual revenues, RDK's 185 employees operate out of five strategic office locations on the East Coast. The company was purchased with a combination of cash and stock and will be immediately accretive to NV5's earnings.

18:37 EDT American Railcar begins managing railcar leasing business in-house - American Railcar Industries announced that it has begun managing its railcar leasing business in-house. The sale of its former lease fleet manager, American Railcar Leasing, or ARL, to SMBC Rail Services was completed on June 1. ARI will now be able to serve its customers with a complete suite of products and services, including ARI-built railcars for direct sale and lease, in-house lease fleet management, railcar and industrial components, and railcar repair services. In planning for this endeavor, ARI has increased its workforce, including by adding staffing to internally manage its own lease fleet and increasing its sales and marketing staff.

18:25 EDT REV Group sees FY17 capital expenditures $45M-$50M

18:20 EDT Voya Financial CEO acquires 8,475 common shares - In a regulatory filing, Voya Financial chairman and CEO Rodney O. Martin, Jr. disclosed the acquisition of 8,475 common shares of the company at a price of $35.288 per share. The transaction, dated June 2, 2017, brings Martin, Jr.'s total direct common stock ownership in the company to 114,221 shares.

18:12 EDT Tesla CEO: Company might eventually build 10-12 gigafactories - Tesla CEO Elon Musk said that the company can drop CapEx by factor of 2 between Model X launch and Model Y launch. Sees Model Y launch sometime in 2019. Says might eventually build 10-12 gigafactories. Comments taken from the company's annual shareholder meeting.

17:49 EDT On The Fly: After Hours Movers - UP AFTER EARNINGS: Carvana (CVNA), up 8.6%... Keysight Technologies (KEYS), up 6.6%. ALSO HIGHER: Dynavax (DVAX), up 2.1% after Point72 Asset Management reported a 5.2% passive stake in the company. DOWN AFTER EARNINGS: Duluth Holdings (DLTH), down 10.8%... Analogic (ALOG), down 10.2%... Ambarella (AMBA), down 6.4%... Dave & Buster's (PLAY), down 3.7%... Oxford Industries (OXM), down 2.3%... United Natural Foods (UNFI), down 2.2%. ALSO LOWER: Exact Sciences (EXAS), down 2.3% after it filed to sell 7M shares of common stock... Golub Capital (GBDC), down 1.4% after it filed to sell 1.75M shares of common stock.

17:43 EDT Hawaiian Holdings reports May traffic up 8.0% - Reports May ASM up 5.0%, PAX up 5.1%, load factor up 2.4 points.

17:37 EDT Alexander & Baldwin acquires five industrial buildings in Hawaii - Alexander & Baldwin announced the latest expansion of its commercial real estate portfolio with the acquisition of five multi-tenant industrial buildings at the Honokohau Industrial Park in Kailua-Kona, Hawaii. The buildings are located on two lots within the 37-acre industrial park and are centrally located to service both Kailua-Kona and the Kohala Coast. The $10M acquisition represents 73,200 square feet of prime industrial space within the 37-acre industrial park. The purchase was largely financed with sales proceeds from non-income producing properties. The in-going cap rate is 8.3%. Currently 94% of the available space is leased to tenants from the construction, tourism, food distribution, automotive repair and transportation industries, generating an annualized base rent of $12.13 per square foot.

17:31 EDT NanoViricides reports 'excellent' inhibition from HerpeCide program candidates - NanoViricides reports that its topical drug candidates in development for the treatment of shingles have demonstrated "excellent inhibition" of the causative virus with practically no cytotoxicity in cell culture assays using multiple cell lines. Two of the nanoviricide drug candidates in the HerpeCide program demonstrated almost complete inhibition of the varicella-zoster virus at the highest drug doses, whereas acyclovir at the same drug dose exhibited partial inhibition of the virus. These comparative studies indicated that the antiviral effect of the herpecide drug candidates was almost five times superior to that of acyclovir. These studies were conducted using ARPE-19 cell line, which is a sensitive retinal cell line. Additional studies with another cell line, namely BS-C-1 produced comparable results. No cytotoxicity was observed at any of the doses tested for the herpecide drug candidates. "We are excited with the excellent effectiveness and safety of these shingles antiviral drug candidates," said Dr. Eugene Seymour, MD, MPH, CEO of the Company, adding, "We anticipate validation of our approach in skin culture studies as well. The human skin studies are already in progress in Professor Moffat's Lab at the SUNY Syracuse Upstate Medical Center. Taken together, these results will put us on a quick path towards an IND filing."

17:26 EDT Galena receives notice of termination of BVI license agreement - As previously reported, on April 27, Galena Biopharma received a notice from BioVascular, the licensor of GALE-401, that alleged that we were in material breach of the Exclusive License Agreement, dated December 20, 2013, between our wholly owned subsidiary, Mills Pharmaceuticals, LLC, and BVI with respect to GALE-401. GALE-401 is a controlled release version of the approved drug anagrelide for the treatment of elevated platelets in patients with myeloproliferative neoplasms. GALE-401 has completed a Phase 2 clinical trial. BVI maintains that we are in breach of Section 4.5 of the BVI License Agreement. Section 4.5 of the BVI License Agreement generally requires that we use "Commercially Reasonable Efforts" to pursue development and commercialization of a product. BVI claims we have not used "Commercially Reasonable Efforts" to commence a Phase 3 clinical trial of GALE-401. The BVI License Agreement defines "Commercially Reasonable Efforts" to mean "the carrying out of obligations or tasks in a manner consistent with the efforts a similarly situated bio-pharmaceutical company with sufficient resources devotes to research, development, and/or marketing of a pharmaceutical product or products of similar market potential, profit potential or strategic value resulting from its own research efforts or for its own benefit, taking into account technical, regulatory and intellectual property factors, target product profiles, product labeling, costs, economic return, the regulatory environment and competitive market conditions in the therapeutic or market niche, all based on conditions then prevailing." While the April 27th Notice stated that it was 30-day notice of termination, under the terms of the BVI License Agreement, to the extent we have materially breached our obligations thereunder, we have 90 days to cure such material breach (other than undisputed payment defaults) or such longer period of time as required to cure such breach if we have commenced reasonable actions to cure such breach and continue to diligently cure such breach. On May 31, we received a notice of termination of the BVI License Agreement from BVI pursuant to which BVI purports to terminate the BVI License Agreement.

17:17 EDT Hawaiian Holdings sees Q2 operating revenue per ASM up 7.5%-10.5% - Hawaiian Holdings sees Q2 operating revenue per ASM up 7.5%-10.5%; Saw Q2 operating revenue per ASM up 5.5%-8.5%.

17:16 EDT Del Taco names John D. Cappasola, Jr. CEO - Del Taco Restaurants announced that president and Chief Brand Officer John D. Cappasola, Jr. has been named as Chief Executive Officer, to succeed Paul J.B. Murphy, III. Cappasola will also replace Murphy on the company's board of directors. Murphy will remain with the company into July to ensure a seamless and orderly transition of leadership and responsibilities. As part of the planned succession, Murphy has notified the company that he plans to relocate permanently to Denver, CO and will resign on July 7, 2017, at which time Cappasola will fully assume his new position as Chief Executive Officer and director.

17:11 EDT Alexander Otto boosts stake in DDR Corp. to 16.7% - Pursuant to the terms and conditions of the Investors' Rights Agreement, the Otto Family has the right to designate two nominees to DDR Corp's Board of Directors. Pursuant to this right, Mr. Alexander Otto and Dr. Thomas Finne were nominated for reelection to the Issuer's board of directors and elected at DDR Corp.'s 2017 annual meeting of shareholders held on May 9.

17:08 EDT DragonWave awarded product supply, installation services contract - DragonWave announced that it has been awarded a product supply and installation services contract from SmartSky Networks, a North American 4G LTE inflight service provider. SmartSky will deploy DragonWave's Harmony Enhanced and Harmony Enhanced MC products to provide high-capacity backhaul for its ground to air 4G LTE network. Harmony Enhanced MC was selected for the high capacity delivered through its 2048QAM and dual channel capabilities. In addition, the high system gain of the Harmony Enhanced MC makes it ideally suited for the long path lengths in the SmartSky network.

17:05 EDT Ambarella says revenue from drone market should be flat this year

17:02 EDT NCI Building announces Donald Riley to become CEO, effective July 1 - NCI Building Systems announced that its Board of Directors has approved the implementation of the company's senior leadership succession plan. Effective July 1, Donald Riley will become CEO and a member of the Board of Directors. Following a successful 13-year tenure with the company, Chambers will continue to serve as the company's Executive Chairman. Riley joined NCI in December of 2014 as the President of Group Business Segment and since January 2016, he has served as President of the company managing the commercial, manufacturing and supply chain functions within the organization. Before joining NCI, he was employed by Probuild Holdings, a supplier of building materials to production builders, custom builders, local contractors and project oriented consumers, where he served as Executive Vice President from November 2011 to November 2014.

17:01 EDT Jazz Pharmaceuticals presents 'positive' efficacy results from JZP-110 study - Jazz Pharmaceuticals presented the positive efficacy results from its global multicenter study of JZP-110 in adult patients with excessive sleepiness associated with narcolepsy. The data were presented today in a poster session at the 31st Associated Professional Sleep Societies Annual SLEEP Meeting in Boston. "Excessive sleepiness is a significant and serious symptom for patients with narcolepsy," said Karen Smith, M.D., Ph.D., executive vice president of research and development and chief medical officer of Jazz Pharmaceuticals. "This study demonstrated that JZP-110 could be an important treatment option for patients who suffer from excessive sleepiness as a result of narcolepsy. It also further highlights our deep commitment to our sleep therapeutic area and our significant investment in research and development to bring innovative treatments to patients with important unmet medical needs." "This study demonstrated statistically significant effects of both 150 mg and 300 mg doses of JZP-110 on the co-primary endpoints of change in mean sleep latency on the Maintenance of Wakefulness Test and change in Epworth Sleepiness Scale score from baseline to week 12," said Michael J. Thorpy, M.D.,Ch.B., Professor of Clinical Neurology, The Saul R. Korey Department of Neurology, Albert Einstein College of Medicine. "The effects seen in this study were maintained over the full 12 weeks of the study. This is a potentially important development for patients with narcolepsy who experience excessive sleepiness."

16:55 EDT Hill Path Capital raises stake in SeaWorld to 13.2% from 11.8%

16:33 EDT MSA Safety appoints Nishan Vartanian COO - MSA Safety announced the election by the MSA board of Nishan Vartanian to the newly-created position of president and COO. Vartanian had served as senior VP and president of MSA's business in the Americas since May 2015.

16:27 EDT GAP Airports reports May traffic up 11% - Grupo Aeroportuario del Pacifico, S.A.B. de C.V. announced preliminary terminal passenger traffic figures for the month of May 2017, compared to traffic figures for May 2016. During May 2017, total terminal passengers increased 11.0% in the Company's 13 airports, compared to the same period of the previous year. Domestic passenger traffic increased by 10.9%, while international passenger traffic increased by 11.1%. In May 2017, GAP registered a 9.6% increase in the number of seats available compared to May 2016. Load factors for the month increased by 1 percentage point, from 80.6% in May 2016 to 81.6% in May 2017.

16:25 EDT Preferred Apartment acquires Rockbridge Village in Atlanta, GA - Preferred Apartment Communities (APTS) announced the acquisition of Rockbridge Village, an approximately 102,432 square foot shopping center located in the Atlanta, GA MSA and anchored by a 68,632 square foot Kroger (KR) grocery store. Rockbridge Village is strategically located off of Stone Mountain Parkway at the intersection of Rockbridge Road and Five Forks Trickum Road in Gwinnett County.

16:22 EDT Columbia Sportswear CEO Boyle named president - Columbia Sportswear Company announced a strategic realignment of its corporate leadership team as part of the on-going organizational assessment launched by the company in the first quarter of 2017. Tim Boyle, who has served as Chief Executive Officer of the company since 1988, has resumed the role of President, which he previously held until 2015, in addition to his role as Chief Executive Officer. Effective July 1, 2017, several members of the senior leadership team will be elevated to new roles or take on additional responsibilities. Tom Cusick will be promoted to Executive Vice President and Chief Operating Officer. Cusick is a 14-year company veteran who has advanced through progressive financial management roles, serving as Executive Vice President of Finance and Chief Financial Officer since 2015. He will continue to act as Chief Financial Officer and Treasurer until a successor is appointed. Peter Bragdon, a 15-year company veteran who has served as Executive Vice President, Chief Administrative Officer, General Counsel, and Secretary of the company since 2015, will assume oversight of the company's international distributor business and expand his leadership of government affairs, external relations and corporate communications, in addition to his current responsibilities. Franco Fogliato will be promoted to Executive Vice President, Americas General Manager. Fogliato joined the company in 2013 and has served as the company's Senior Vice President, General Manager - EMEA region since 2016. In his new role, Fogliato will oversee the company's wholesale and direct-to-consumer sales functions in North America. Joe Boyle will be promoted to Executive Vice President, Columbia Brand President and will be responsible for leading the creation of Columbia brand apparel, footwear, accessories, and equipment globally. Boyle joined the company in 2005 and has served as Senior Vice President of Columbia Brand Merchandising and Design since 2015. Doug Morse, who joined the company in 1995, will be promoted to Senior Vice President, Emerging Brands and APAC. In his new role, Morse will direct the brand leaders at the company's Mountain Hardwear, prAna and Sorel brands and will oversee the company's businesses in Japan, China and Korea. Matthieu Schegg will be promoted to Vice President, EMEA General Manager where he will oversee the company's wholesale and direct-to-consumer sales functions in Europe. Schegg has served as Director of Sales for Europe Direct since he joined the company in 2015.

16:17 EDT FNFV to receive $330M in cash from sale of One Digital Health and Benefits - Fidelity National Financial announced that FNFV Group (FNFV) has closed the previously announced sale of One Digital Health and Benefits for $560 million in an all-cash transaction. After repayment of debt, payout to option holders and a minority equity investor and other transaction related payments, FNFV expects to receive approximately $330M in cash from the sale.

16:16 EDT Sigma Designs sees 2018 as transition year, focuses on IoT solutions - "Fiscal 2018 will be a transition year in our business as we focus our investments in our IoT solutions, which we expect to be the future growth and profit drivers for the company. In regard to our Mobile IoT business, we are entering LTE network certification, and expect to be in field trials during the summer. Furthermore, we are in the process of finalizing our new generation Z-Wave System-on-Chip, and expect to start sampling by the end of this fiscal year. This new chipset will provide low power that will allow us to enter the sensor market and expand the number of devices in the home. At the same time, in order to address customer demand, we are in the process of launching new SoC's for the Smart TV market. While we are encouraged by the longer-term trends in our business, and how our solutions address these trends, we are taking actions to lower our expense structure," said Thinh Tran, President and CEO of Sigma Designs.

16:12 EDT Dave & Buster's increases stock repurchase program by $100M - Dave & Buster's board authorized the repurchase of an additional $100M of the company's common stock under the existing repurchase program through the end of FY18. All other terms of the existing share repurchase program remain in effect.

16:11 EDT Ambarella announces additional $50M to repurchase program - Ambarella's Board of Directors previously authorized the repurchase of up to an aggregate of $75M of the company's ordinary shares through June 30, 2017. In the first quarter of fiscal year 2018, the company repurchased a total of 162,738 shares for total consideration of approximately $8.77M. Ambarella has repurchased a total of 567,827 shares from inception of the program for total cash consideration of approximately $29M. While the previously authorized program will continue through June 30th, Ambarella's Board of Directors has authorized the repurchase of up to an additional $50 million of its ordinary shares over a twelve-month period commencing July 1, 2017. Repurchases may be made from time-to-time through open market purchases or through privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate the company to acquire any particular amount of ordinary shares, and it may be suspended at any time at the company's discretion. The repurchase program will be funded using Ambarella's working capital.

15:01 EDT Arthur J. Gallagher acquires Armstrong/Robitaille/Riegle, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Ann Arbor, Michigan-based Armstrong/Robitaille/Riegle and Ann Arbor Business Advisors. Terms of the transaction were not disclosed.

14:47 EDT Sunworks praises approval of bill expected to revive Nevada's solar market - Sunworks praised the approval of Nevada Assembly Bill 405, which is expected to revive the state's solar market. "The inclusion of a net metering solution is considered a victory for rooftop solar businesses which have experienced economic uncertainty for the past two years due to a combination of policy changes and reductions in net metering rates by the Public Utilities Commission...With the passage of the modified AB405, rooftop owners will return to the existing rate classes of all other consumers, thereby protecting them from discriminatory rates, charges, and fees," Sunworks stated. Once signed, the net metering compensation changes would take effect immediately, and the consumer protection measures would take effect this fall. Sunworks noted that it is already in compliance with all the legislation's terms for consumer protection and transparency in Nevada. In addition, Sunworks is currently restructuring its proposal process to reflect the modified net metering structure.

14:27 EDT Dexcom CEO says Apple upgrade makes glucose info more accessible - Parents can monitor children's' levels even while child is at school. The CEO is speaking in a CNBC interview.

13:57 EDT JPMorgan reports 5% passive stake in Natural Resource Partners

13:42 EDT Sunrun to re-enter Nevada solar market following passing of Assembly Bill 405 - Encouraged by popular demand, the Nevada Assembly and Senate passed Assembly Bill 405 nearly unanimously to restore the rooftop solar market in Nevada by reinstating solar net metering. The bill awaits Governor Sandoval's signature, expected this week. "The near unanimous bipartisan support for legislation to reinstate net metering and establish a bill of rights for solar customers is a reflection of overwhelming public demand for affordable, clean energy options," said Lynn Jurich, Chief Executive Officer and Co-Founder of Sunrun. "Thanks to the hard work of Governor Sandoval and Nevada State Legislators, we can now say with confidence that Sunrun is coming back to Nevada."

13:30 EDT AMD CTO: Company 'tuning' product ecosystem constantly - AMD senior VP and CTO Mark Papermaster says the company is "tuning" its product ecosystem constantly. Says company's best advantages for its products occur in the second half, but still on quarter to quarter basis. Comments taken from the 2017 Bank of America Global Technology Conference.

13:12 EDT Crossroads Systems halted for volatility after dropping 37% to $1.97

12:47 EDT Crossroads Systems says appeals court affirms PTAB patent decisions - In a regulatory filing, Crossroads Systems disclosed that the company received two decisions from the United States Court of Appeals for the Federal Circuit regarding the inter partes review proceedings 2014-01226, 2014-01463, 2014-01544, 2015-00825, 2015-00852, 2015-00854, 2014-01207 and 2014-01209, affirming the decisions of the Patent Trial and Appeal Board of the United States Patent and Trademark Office. As previously disclosed, the PTAB issued decisions in these IPR proceedings initiated against U.S. Patent Nos. 6,425,035, 7,051,147, and 7,934,041 related to technology the company considers fundamental to secure and efficient access to network storage systems. The decisions stated that all patent claims subject to the IPRs are unpatentable. "The company is reviewing these new decisions and will consider future actions accordingly," Crossroads stated.

12:19 EDT Acuity Brands' Lithonia Lighting recalls LED light fixtures due to impact hazard - Lithonia Lighting, a unit of Acuity Brands, notified the CPSC that it is recalling about 5,600 LED light fixtures, as the plastic diffuser lens can detach and fall unexpectedly, posing a risk of injury from impact. This recall involves Lithonia Lighting LBL4W model ceiling light fixtures which are used indoors in commercial applications such as offices, schools, closets, hallways and stairwells. The firm has received six reports of loose or falling diffuser lenses. No injuries have been reported.

11:59 EDT Applied Optoelectronics focuses on less cyclical markets in optical

11:55 EDT Applied Optoelectronics says cable TV usually down in Q1 - Comments from presentation at Stifel Conference.

11:52 EDT Bayer starts placements to reduce stake in Covestro - Bayer said it is reducing its holding in Covestro by way of an accelerated bookbuilding procedure with a targeted volume of EUR 1B. In addition, Bayer is offering EUR 1B of bonds exchangeable into Covestro shares maturing in 2020. The two placements started today and are addressed to institutional investors only. Barclays and Morgan Stanley are acting as joint bookrunners. In the context of the placements, Bayer has agreed to a lock-up period of 90 days. Furthermore, Bayer will deposit 8M Covestro shares in Bayer Pension Trust e. V., a contractual trust arrangement for pension finance, in the near future. The package amounts to 4% of Covestro's shares and will be subject to the same lock-up period of 90 day. Bayer explained, "The transactions offer Bayer the opportunity to further reduce its holding in Covestro. Covestro will continue to be fully consolidated in Bayer's financial statements since Bayer should continue to hold the majority at a Covestro annual stockholders meeting after these transactions are completed. As previously announced, Bayer aims to achieve full separation from Covestro in the medium term."

11:43 EDT Mack-Cali Realty says will implement staff reductions by June 30 - Mack-Cali Realty said in a slides presentation, that it will implement staff reduction by June 30th, it streamline its operations; Sees $2.5M full year effect. Sees expense reductions in operating costs are projected to be $3 million full year effect. Sees asset sales are on track for $700 to $800M, GAAP cap rates expected to be in the 6% to 7% cap rate range as we sell a combination of full and empty buildings and some land parcels.

11:41 EDT Harmonic, EVS sign OEM agreement - Harmonic and EVS announced a new OEM partnership that simplifies storage deployments in professional media environments. EVS has adopted the Harmonic MediaGrid system as its new high-performance nearline storage solution, marketing it under the XStore brand. The new XStore storage solution increases flexibility and scalability for studios, broadcast centers and major broadcasting facilities via its "Grow-as-you-Go" architecture.

11:30 EDT Greenlight 'disappointed' shareholders elected to maintain status quo - Greenlight Capital and its affiliates, which own 3.6% of the common stock of General Motors Company, making it GM's fifth largest public shareholder, commented on the preliminary results provided by its proxy solicitor at GM's 2017 Annual Meeting of Shareholders. David Einhorn, President of Greenlight, said: "We decided to bring a creative idea to GM's shareholders and nominate directors to help fix GM's inefficient capital structure and unlock significant value for all shareholders. We are disappointed that shareholders have elected to maintain the status quo. We congratulate GM's management on their win today." Einhorn added, "We would like to thank Leo Hindery and Will Thorndike for working with Greenlight to serve as nominees to GM's Board. These individuals have exceptional capital markets expertise and would have been very fine additions to the Board. GM should consider adding these individuals or others with similar financial market expertise to the Board in the future."

11:11 EDT Morgan Stanley picks winners, losers as browsers build in ad blocking - Large social media websites, including Facebook (FB) and Twitter (TWTR), should benefit from new efforts by Apple (AAPL) and Google (GOOG, GOOGL) to prevent advertisers and publishers from tracking Internet users' activities on their browsers, according to Morgan Stanley. Amazon (AMZN) and digital game makers could also be boosted by the changes being made by Apple and Google, according to the firm's analyst. Conversely, the firm believes that retailers, small e-commerce companies, and online travel agencies could be hurt by the changes. The news is "not positive" for Criteo (CRTO), which tracks and analyzes users' browsing behavior, Morgan Stanley added. Other analysts, however, were more quicker to defend Criteo, with JPMorgan, Cowen, and Jefferies saying the stock's decline yesterday in the wake of Apple's announcement was overdone. WINNERS: The anti-tracking initiatives will make online platforms less attractive to advertisers in the shorter term, contended Morgan Stanley analyst Brian Nowak. Over the longer term, however, the changes will make user data more valuable, boosting Facebook, Twitter and Snap (SNAP), the analyst stated. Additionally, more advertisers could turn to Amazon in an effort to connect with its user base, while digital game makers Zynga (ZNGA) and Activision (ATVI) could benefit from similar trends, according to Nowak. POTENTIAL LOSERS: Based on the browser changes, small e-commerce companies such as eBay (EBAY) and Etsy (ETSY) could find it harder to compete against Amazon, while online travel companies may have to pay more to acquire customers, Nowak stated. The two major online travel companies are Priceline (PCLN) and Expedia (EXPE). CRITEO OUTLOOK: The changes announced by Apple and Google are "not positive" for Criteo, Nowak warned. "It will be important to monitor" the company's efforts to work around the changes and to increase its focus on advertising within apps, he wrote. More upbeat on Criteo was Jefferies analyst Brian Fitzgerald. Apple's browser probably only accounts for less than 1.5% of Criteo's revenue, and that percentage is "rapidly shrinking," he stated. Noting that desktop ads only accounted for 37% of Criteo's revenue in the last quarter of 2016, down from 53% in December 2015, the analyst says that Criteo "is already quickly mix-shifting away from desktop browsers and away from Safari specifically." He recommended buying Criteo's stock on weakness. Similarly, JPMorgan analyst Doug Anmuth does not expect Criteo's results to be affected much by the changes being made by Apple and Google. He thinks that the decline in Criteo's stock yesterday was overdone and kept an Overweight rating on the name. Finally, Cowen analyst Thomas Champion says that Criteo's exposure to Apple's browser "seems limited," so he believes that the risk to Criteo's revenue should be "mitigated.". Champion thinks that the decline in Criteo's stock yesterday appeared to be overdone, and he reiterated an Outperform rating on the name. PRICE ACTION: In morning trading, Criteo slid fractionally after having declined about 7% yesterday. Meanwhile, Apple shares are up fractionally the day after its Worldwide Developer's Conference reveals.

10:57 EDT Macy's CEO: 'There is a place for both Amazon and Macy's to succeed'

10:37 EDT Macy's drops 2.6% as CFO warns gross margin could be below prior forecast - CFO Karen Houget says FY17 gross margin trending 60-80bps below last year, with Q2 rate approx. 100bps below last year.

10:32 EDT Macy's CFO repeats FY17 adjusted EPS view $3.37-$3.62, consensus $3.33 - CEO Jeff Gennette says will remain promotional department store, but wants to do less point of sale markdowns. Says Macy's to reach 40% exclusive product by 2020. CFO Karen Houget says Macy's plans to stabilize performance in 2017. Houget repeated FY17 comp owned plus licensed sales view of down 2%-3% and adjusted EPS of $3.37-$3.62, consensus $3.33. Houget says base sales trend somewhere between down 3%-4% for FY17. Says -4% "probably too weak," -3 "probably a bit too strong." Believes benefits from new marketing approach in 2H of year and the loyalty program in Q4 will be "meaningful." Expects each quarter to improve from Q1; says Q2 should be better than Q1, Q3 should be better than Q2, Q4 should be better than Q3. Says FY17 gross margin trending 60-80bps below last year, with Q2 rate approx. 100bps below last year.

10:19 EDT Randolph Bancorp Chairman Louis Trubiano buys 6,500 shares of stock - In a regulatory filing, out on Tuesday morning, Randolph Bancorp Chairman Louis Trubiano disclosed that he'd purchased 6,500 shares of Randolph Bancorp stock, at an average price of $15.53 per share on June 5.

10:02 EDT AGCO awarded three-year cooperative contract from U.S. Communities program - AGCO announced it has been awarded a three-year cooperative contract with two additional one-year renewal options with the U.S. Communities Government Purchasing Alliance, a national government purchasing alliance that aggregates the purchasing power of public agencies nationwide. The award covers the Massey Ferguson and Challenger tractors, and includes the complete AGCO catalog.

10:01 EDT 3M Tegaderm CHG IV securement dressing receives expanded indication clearance - 3M announced that the U.S. Food and Drug Administration has recognized the efficacy of 3M Tegaderm CHG Chlorhexidine Gluconate I.V. Securement Dressing in reducing CRBSI, expanding the product's 510(k) indication to include CRBSI reduction. The expanded indication is supported by a randomized, multi-arm, controlled clinical trial of 1,879 subjects that found Tegaderm CHG I.V. Securement Dressing reduced CRBSI by 60% in patients with central and arterial lines.

09:51 EDT GM says shareholders reject Greenlight's dual-class stock proposal - General Motors announced that, based on the preliminary vote count provided by its proxy solicitor at GM's 2017 Annual Meeting, shareholders have elected all 11 of GM's Board nominees. The preliminary results also indicate that shareholders have rejected Greenlight's proposal to create a dual-class common stock structure. Also, GM's proposals to approve named executive officer compensation, to approve the GM 2017 short-term incentive plan, to approve the GM 2017 long-term incentive plan and to ratify the selection of Deloitte & Touche LLP as GM's independent registered public accounting firm were all approved and a shareholder proposal to request an independent board chairman was rejected.

09:39 EDT IHS Markit announces banks take equity stake in KY3P - IHS Markit (INFO) announced that Barclays (BCS), Goldman Sachs (GS), HSBC (HSBC) and Morgan Stanley (MS) have joined together to take an equity stake in KY3P, IHS Markit's Know Your Third Party risk management solution. Goldman Sachs will contribute intellectual property and join the other banks as a design partner of the platform. To date, KY3P has more than 75 signed customers and over 15,000 vendor profiles available on the platform, IHS Markit noted.

09:36 EDT Boeing to deliver U.S. Navy's first deployable P-8A Poseidon trainers - Boeing will deliver the U.S. Navy's first deployable P-8A Poseidon trainers, allowing aircrew and operators to improve their mission readiness even while serving away from home. Under a recently signed contract, Boeing will provide seven Deployable Mission Readiness Trainers to the Navy, starting in 2019. The proposed DMRT design is portable with low-power requirements and includes Boeing's Weapons Tactics Trainer system, which incorporates sonobuoy and ocean acoustics modeling. The U.S. Navy trains P-8A Poseidon aircrews at naval air stations in Jacksonville, Fla., and Whidbey Island, Wash. 70% of the training for P-8A aircrews takes place in simulators and other trainers; the remaining 30% uses the actual aircraft. Boeing is also under contract to deliver a complete P-8A training system to the Royal Australian Air Force, beginning in 2018.

09:26 EDT CBOE Holdings to migrate C2 Options Exchange to Bats technology - CBOE Holdings announced that C2 Options Exchange, one of the firm's derivatives markets, is planned to migrate to Bats technology on May 14, 2018. Beginning in November, C2 trading permit holders may begin basic connectivity testing, and in December, begin certification. Throughout the Q1 of FY18 and into the Q2, there will be numerous 'dress rehearsal' opportunities for customers to ensure their preparedness for the move. Up until the migration, C2 will operate as is.

09:25 EDT Coach announces proposed offering of senior unsecured notes - Coach (COH) announced that it intends to offer, subject to market and other conditions, senior unsecured notes under a shelf registration on file with the Securities and Exchange Commission. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and HSBC Securities are acting as joint book-running managers. As previously announced on May 8, Coach entered into an agreement to acquire Kate Spade & Company (KATE). Coach intends to use the proceeds from this offering, together with cash on hand and cash on hand at Kate Spade and term loans, to fund the purchase price for the acquisition and pay related fees and expenses.

09:23 EDT Pegasystems expands collaboration with AWS - Pegasystems (PEGA) at PegaWorld announced that it has deepened its relationship with Amazon Web Services, or AWS, (AMZN) to give customers additional options for deploying Pega software on AWS. The extended collaboration enables seamless integration between Pega Customer Service - Pega's artificial intelligence-based customer service management solution for personalized, real-time customer interactions - and Amazon Connect - a cloud-based contact center management service for businesses. Pega clients can now embed the Amazon Connect experience directly into Pega Customer Service to provide agents with full customer context and the ability to easily manage telephone-based interactions.

09:13 EDT American Vanguard acquires product lines from Adama, terms not disclosed - American Vanguard Corporation announced that its wholly owned subsidiary AMVAC Chemical Corporation has completed the acquisition of three crop protection product lines - abamectin, chlorothalonil and paraquat - from Adama Agricultural Solutions, which is part of the China National Chemical Corporation group. As reported on April 5, these product lines were sold pursuant to the terms of a consent decree from the FTC, as a condition for that agency's approval of the ChemChina/Syngenta merger. The acquisition includes the trademarks, product registrations, registration data, and commercial information that relate to the marketing and sale of these three product lines in the crop protection market within the United States. Financial details of the transaction were not disclosed. American Vanguard Chairman and CEO Eric Wintemute concluded, "We expect that these products will increase full year domestic sales by 10% to 15%. Further, we believe that our sales, marketing and product development capabilities will enable us to maintain all existing business and subsequently expand our sales of these product lines in the years ahead."

09:07 EDT Dow Chemical announces completion of ELITE unit in Freeport, Texas - The Dow Chemical Company announced the completion of the construction phase of its new ELITE enhanced polyethylene production facility in Freeport, Texas. Completed on time, the 400,000 metric ton polyethylene unit is the first of four new derivative investments currently under way at Dow's manufacturing sites in Texas and Louisiana as part of the company's previously announced $6B expansion on the U.S. Gulf Coast. The production unit now enters its commissioning and start-up phase in sequence with the mid-year start-up of Dow's 1.5 million metric ton ethylene facility. The plant is expected to ramp up during the third quarter and be fully operational in the fourth quarter.

09:06 EDT ValuAmerica expands footprint in California with acquisition of ValuEscrow - ValuAmerica, a wholly owned subsidiary of Clayton Holdings, and national provider of appraisal, title, closing and settlement services, announced that it has acquired ValuEscrow, an independent escrow company located in Santa Ana, California, expanding its closing and escrow operations in California. ValuAmerica, headquartered in Pittsburgh, is wholly owned by Clayton Holdings, a subsidiary of Radian Group.

09:04 EDT Calavo Growers backs FY17 view of double-digit revenue growth, 'record' EPS - Looking ahead, CEO Cole stated: "Calavo's unique, multi-platform business model continues to deliver sustained growth in revenue and earnings. We remain focused on implementing our strategic agenda with characteristic discipline and focus, which leaves me genuinely enthusiastic and confident about our prospects for fiscal 2017 and beyond. In our Fresh segment, Calavo is strongly positioned to manage the growing and dynamic avocado industry with our broad, highly experienced team focused on continuous improvement across the operation. Our outstanding second quarter results in the Fresh segment punctuate this point. Consequently, we are reaffirming our expectations for double-digit revenue growth and higher gross margin dollars in fiscal 2017... Calavo Foods, as anticipated, is trending in line with double-digit sales growth. The business segment continues to perform consistently and we are enthusiastic about its prospects ahead, owing to a lineup of well-regarded products and blue-chip retail and foodservice customers."

09:04 EDT Harris awarded $500M IDIQ contract from NGA - Harris Corporation has been awarded a five-year, $500M ceiling, single-award IDIQ contract from the National Geospatial-Intelligence Agency to develop software that will enable NGA analysts and customers to search and retrieve data from intelligence systems faster and more efficiently than ever before. The contract was received during the third quarter of Harris' fiscal 2017. The software will process content held within the NGA, the National System for Geospatial-Intelligence and other intelligence-community agencies. It will allow intelligence officials to provide more timely and accurate support to warfighters and the national security community. Harris has partnered with the NGA for almost 20 years to provide automated geospatial data processing, content data management and geospatial systems design and development. Harris currently provides high resolution geospatial data content and products under NGA's Foundation GEOINT Content Management program.

09:02 EDT Papa John's announces continued expansion in Chile and Spain - Papa John's International announced the global expansion of its BETTER INGREDIENTS. BETTER PIZZA. brand in both Chile and Spain through two recently signed expansion agreements with Drake QSR AG. Papa John's International has more than 1,650 international restaurants, including over 400 restaurants in 16 Latin American countries and is looking for potential franchisees in Brazil, Honduras, and the Bahamas.

08:55 EDT Intellipharmaceutics announces launch of generic Seroquel XR by Mallinckrodt - Intellipharmaceutics (IPCI) announced that Mallinckrodt (MNK), in its capacity as the company's marketing and distribution partner, launched all strengths of the company's generic Seroquel XR in the U.S. This launch follows the recent final approval from the FDA for the company's abbreviated new drug application, or ANDA, for quetiapine fumarate extended-release tablets in the 50, 150, 200, 300 and 400 mg strengths.

08:35 EDT Crestwood completes intitial build-out of Nautilus gas gathering system - Crestwood Equity Partners announced that the initial build-out of the Nautilus gas gathering system in the Delaware Basin is complete and the system has been placed into service with first flow occurring on Friday, June 2. The initial build-out includes 20 receipt point meters, 60 miles of pipeline, a 24 mile high pressure header system, 10,800 horsepower of compression and a high pressure delivery point. This phase of the system has been successfully completed ahead of schedule, under budget and without any employee or contractor recordable safety incidents. The Nautilus gas gathering system is owned by Crestwood Permian Basin Holdings, a Crestwood and First Reserve joint venture focused on developing, owning and operating midstream infrastructure in the Delaware Basin. In September 2016, Crestwood entered into a long-term agreement with SWEPI, a subsidiary of Royal Dutch Shell (RDS.A), to construct, own and operate a natural gas gathering system in Shell's operating position in the Delaware Basin. The Nautilus system is designed for gas gathering in an area of dedication of approximately 100,000 acres across Loving, Reeves and Ward counties, Texas. The system will ultimately include 194 miles of low pressure gathering lines, 36 miles of high pressure trunk lines and centralized compression facilities which are expandable over time as production increases, providing gas gathering capacity of no less than 250M cubic feet per day.

08:32 EDT SkyWest reports combined May traffic down 7.4% - SkyWest reported 155,758 block hours in May 2017, compared to 164,955 block hours in May 2016, a decrease of 9,197 or 5.6%. The net decrease was consistent with SkyWest's fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets. The year-over-year net change was primarily driven by approximately 13,200 additional block hours from its E175 aircraft and a decrease of approximately 22,400 block hours from its other aircraft types. In May 2017, SkyWest's dual class aircraft represented approximately 50% of SkyWest's total block hour production for the month compared to approximately 43% for the month of May 2016. SkyWest reported 760,569 block hours for year-to-date May 2017, compared to 812,149 block hours year-to-date May 2016, a decrease of 51,580, or 6.4%. This net change was primarily driven by approximately 62,600 additional block hours from its E175 aircraft and a decrease of approximately 114,200 block hours from its other aircraft types.SkyWest had 93,736 departures in May 2017 compared to 98,927 in May 2016, a decrease of 5,191, or 5.2%. SkyWest generated 2.78B available seat miles for May 2017, compared to 2.93 billion ASMs for May 2016, or a 5.0% decrease.

08:31 EDT Orbital ATK enters partnership agreement with U.S. Air Force OO-ALC in Utah - Orbital ATK announced that it has entered into a Partnership Agreement with U.S. Air Force Ogden Air Logistics Complex in Clearfield, Utah. The public-private PA brings together complimentary and state-of-the-art composite aerostructure design, manufacturing and inspection capabilities at the OO-ALC and Orbital ATK's Aerospace Structures Division headquartered in Clearfield, Utah. With combined capability, the OO-ALC and Orbital ATK will find opportunities to assist each other in ongoing programs and contracts, and will also look for opportunities for strategic teaming to address future composite aerostructure needs on new aircraft platforms, or the Maintenance, Repair and Overhaul of existing platforms.

08:27 EDT Transgenomic stockholders, Precipio Diagnostics members approve merger - Transgenomic announced that its stockholders have approved the merger with Precipio Diagnostics, LLC. Upon completion of the merger, the company expects to meet the requirements for its stock to be relisted on NASDAQ under the new symbol "PRPO." Over 90% of the votes cast by Transgenomic shareholders were in favor of the merger and the other various proposals that were put forth for consideration at yesterday's special stockholder meeting. In addition, Precipio Diagnostics' members approved the merger with over 95% of the outstanding membership interests voting in favor. Both companies are continuing to work to close the combined company's $7M private placement of preferred convertible securities, as well as a conversion of all outstanding secured debt into the combined company's preferred convertible securities. Upon completion of these remaining conditions, the merger will be consummated. Additionally, the conversion of secured debt and planned capital infusion are expected to provide the combined company with a clean balance sheet and sufficient capital to pursue its planned expansion.

08:14 EDT Albany Molecular up 9% after agreeing to be acquired by Carlyle Group, GTCR - In pre-market trading, shares are up 9% to $21.55.

08:08 EDT The Weather Company, Rogers Media announce partnership for Canadian market - The Weather Company, an IBM Business (IBM) and Rogers Media (RCI) announced an agreement to provide weather information and content customized specifically for the Canadian market. With this agreement, The Weather Company will provide in-depth weather data and forecasts, as well as curated content, across Rogers Media properties. In turn, Rogers Media will provide locally relevant articles, photos and video content across the Canadian versions of The Weather Channel app and website to provide residents with the most pertinent information possible. The Weather Company and Rogers Media will also align to enhance advertising across both companies' properties, with Rogers leveraging its ad sales capabilities to monetize The Weather Channel properties in Canada.

08:06 EDT JCP reminds Fiesta Restaurant stockholders to vote GOLD proxy card - JCP Investment Management together with its affiliates and the other participants in its solicitation, collectively one of the largest stockholders of Fiesta Restaurant Group, with aggregate ownership of approximately 9.0% of the Company's outstanding shares, reminded stockholders to vote the GOLD proxy card at the Company's upcoming Annual Meeting to be held on June 7. In its investor presentation JCP outlined a prudent strategy for Fiesta to achieve $150M in EBITDA in 4 years.

08:04 EDT NantKwest announces additional clinical trials in NANT cancer vaccine program - NantKwest and Nantworks announced at the 2017 Annual American Society for Clinical Oncology meeting in Chicago, IL the expansion of the company's existing NANT Cancer Vaccine program in pancreatic cancer to target a number of additional tumor types. The NANT Cancer Vaccine program is a personalized, molecularly-informed therapy guided by NantHealth's GPS Cancer test that includes the simultaneous combination of off the shelf natural killer cells with the endogenous activation of dendritic, T cell and NK cells to more fully enhance the innate and adaptive immune system of cancer patients. Chairman and CEO Dr. Patrick Soon-Shiong said, "In addition to the previously announced Pancreatic Cancer Vaccine, we are now actively working to initiate multiple clinical trials across a wide range of cancer types which include: Lung, breast, head and neck cancer, colon, melanoma, ovarian, urothelial, Hodgkins and non-Hodgkins lymphoma, sarcoma, and Merkel cell carcinoma, all based on a similar treatment protocol and designed to more fully harness the power of the immune system and improve cancer patient outcomes."

08:03 EDT Aldeyra says first patient enrolled in Dry Eye Disease Phase 2a clinical trial - Aldeyra Therapeutics announced that it has enrolled the first patient into a Phase 2a clinical trial of topical ocular ADX-102 for the treatment of Dry Eye Disease. ADX-102 and other product candidates generated from Aldeyra's aldehyde trap platform sequester and facilitate the degradation of aldehydes, a class of endogenously generated pro-inflammatory mediators that are elevated in DED patients. The Phase 2a clinical trial will test three formulations of topical ocular ADX-102 over 28 days of dosing. Endpoints will include standard signs and symptoms characteristic of DED.

08:02 EDT PTC Therapeutics notified by FDA of scheduling for review of ataluren - PTC Therapeutics announced that the FDA has notified the company of the tentative scheduling of a Peripheral and Central Nervous Systems Drugs Advisory Committee meeting on September 28 to review the new drug application, or NDA, for ataluren. Ataluren is an oral, first-in-class, protein restoration therapy for the treatment of nonsense mutation dystrophinopathy, including nonsense Duchenne muscular dystrophy, or nmDMD.

08:01 EDT Red Hat says University of Alabama at Birmingham using Ceph Storage - Red Hat announced that the University of Alabama at Birmingham is using Red Hat Ceph Storage to support the growing needs of its research community.

07:57 EDT Sumitomo to pay $195M to IAMGold for 30% interest in Cote gold project - IAMGold announced that it has entered into an Investment Agreement with Sumitomo Metal Mining Co., a wholly-owned subsidiary of Sumitomo, whereby IAMGold will form a joint venture with Sumitomo. Under the terms of the investment agreement, on closing, Sumitomo will acquire a 30% undivided participating joint venture interest in IAMGold's ownership interest in the Cote Gold Project for an aggregate $195M, of which $100M is payable upon closing. The remaining $95M is payable on the earlier of 18 months following closing, or the date of public filing of a feasibility study with respect to the Cote Gold Project. Closing of the transaction is expected to occur before the end of the month. IAMGold will be the operator of the Cote Gold Project during development and once in operation. Each party will be responsible for funding its proportionate share of expenditures, including initial and sustaining capital expenditures for the Cote Gold Project.

07:47 EDT G-III Apparel up 20% after Q1 results top expectations, FY18 guidance raised - In pre-market trading, shares are up 20% to $23.99.

07:44 EDT Land and Buildings issues letter to Taubman Centers shareholders - Land & Buildings Investment Management issued the following letter to shareholders of Taubman Centers, which said, "As the company recently noted, during the recent proxy contest they solicited shareholder feedback regarding the, 'company's overall performance and business strategy, board structure and director qualification.' Given that active common shareholders nearly unanimously voted to express their dissatisfaction with the board and management at last week's Annual Meeting, a significant disconnect clearly exists between Taubman and its investors.....As previously announced, Land and Buildings is proceeding with its complaint asking the Court to enforce the Ownership Limit outlined in Taubman's Charter. This action would reduce the voting interest of the Taubman Family to 8.23%. If this reduced voting interest was enforced prior to the 2017 Annual Meeting and if Taubman Proxy Materials had fairly disclosed the true nature of the Taubman's Family's interest, I believe that Charles Elson and myself would have been elected to the board, and Chairman and CEO Bobby Taubman and Lead Director Myron Ullman would have been removed....Land and Buildings remains focused on ensuring that Taubman undertakes and properly executes initiatives to realize the company's full potential. We will continue to monitor the company's progress and take action where necessary in order to ensure that management and the board act in the best interests of Taubman Center's common shareholders. Should the Board fail to demonstrate an immediate and good-faith commitment to implement its promised de-staggering and refreshment of the board, we will explore all options for protecting our collective interests, including soliciting our fellow common shareholders to call a special meeting to take the steps to de-stagger the board ourselves, such that six directors are up for election at the 2018 annual meeting including the class of 2015 and 2017 who were likely only reelected based on a commitment to fully de-stagger."

07:34 EDT Tremor Video names Mark Zagorski CEO - Tremor Video announced that Mark Zagorski will be joining the company as its CEO and a member of its board of directors. Zagorski most recently served as CEO of eXelate, a Nielsen Company, and EVP of Nielsen Marketing Cloud. Zagorski will assume his new role at Tremor Video on July 10. Paul Caine, who led the CEO search committee as interim CEO, will continue as chairman of the board following Zagorski's appointment.

07:33 EDT Bellatrix Exploration appoints Maxwell Lof as CFO - Bellatrix Exploration announces that as part of its succession planning process, Edward J. Brown, the Company's Executive Vice President, Finance & CFO, will be retiring from the Company, effective June 30 following more than ten years of service with Bellatrix and its predecessors. The Board of Directors of Bellatrix is pleased to announce that Maxwell Lof has accepted the position of Executive Vice President & CFO. Lof expects to join Bellatrix effective July 1. Lof is an established financial executive with over 25 years of experience in progressive financial and senior executive roles including 12 years of direct experience as a CFO in both private and publicly traded companies. Most recently, he was the CFO for an energy focused information technology company, and prior thereto, Lof was co-founder and CFO for both Surge Energy and Breaker Energy, both publicly traded western Canadian focused exploration and production companies.

07:31 EDT AvalonBay sees Q2 rental revenue for Established Communities up 2.5%-2.6% - AvalonBay announced that it expects total rental revenue for Established Communities for the three months ending June 30, 2017 to increase between 2.5%-2.6% over the prior year period.

07:25 EDT AMRI trading halted, news pending

07:17 EDT Viking Therapeutics announces results from study of VK2809 in an in vivo model - Viking Therapeutics announced positive top line results from a study of VK2809 in an in vivo model of non-alcoholic steatohepatitis, or NASH. Data from this study demonstrated improvements across several key measures relevant to the development and progression of NASH. Animals receiving VK2809 experienced statistically significant improvements in non-alcoholic fatty liver disease activity score, or NAS, liver collagen content, and liver fibrosis relative to vehicle-treated controls. NAS is a composite measure of disease activity which is comprised of steatosis, ballooning and inflammation. These results represent the first evidence of a thyromimetic agent providing histologic benefits in a NASH model, including an improvement in fibrosis.

07:07 EDT Kratos Defense receives Unmanned Aerial Drone System order - Kratos Defense announced that its Unmanned Systems Division, or USD, recently received an order from a U.S. Government customer for six High Performance Unmanned Aerial Drone System Aircraft. Kratos' USD is at the forefront in the design, development, demonstration and delivery of High Performance, Jet Powered Unmanned Aerial Tactical and Target Drone Systems. The UAVs to be delivered under this new order are produced in a secure Kratos manufacturing facility. Due to customer related and other considerations, no additional information will be provided relative to this order.

07:06 EDT Recro Pharma appoints Ryan Lake as Chief Accounting Officer - Recro Pharma announced the appointment of Ryan Lake as SVP of Finance and Chief Accounting Officer. Lake will report to Mike Celano, Recro Pharma's CFO. Lake joins Recro Pharma from Aspire Bariatrics.

07:06 EDT EnSync sells PPA for Hawaii processing company - EnSync announces the sale of a power purchase agreement, or PPA, for a Hawaii-based food processing company. Upon completion, the DER system will provide sustainability and electrical resiliency by adding solar plus storage at the processor's site, while also supporting participation and monetization of grid services with the local utility. The system will have more than 400 kilowatts of solar PV onsite supported by two EnSync Energy SuperModule systems that includes 850 kilowatt-hours of hybrid energy storage, a Matrix Energy Management system and DER Flex IOE technology in 20-foot containers which can quickly be placed and connected at the site. Revenue from the sale will be recognized upon completion of project milestones over the next several quarters.

07:04 EDT Mitek Systems awarded 30th patent for Mobile Image Capture - Mitek announced that it has been issued U.S. Patent No. 14,217,361 "Methods For Mobile Image Capture Of Vehicle Identification Numbers, or VIN, In A Non-Document" by the U.S. Patent and Trademark Office. Mitek now has 30 patents issued.

07:01 EDT Harmonic promotes Sanjay Kalra to CFO - Harmonic announced Sanjay Kalra, corporate controller and Chief Accounting Officer, is appointed to the position of CFO. As previously announced, former CFO Harold Covert has resigned to spend more time with his family on the East Coast. Kalra brings extensive public company financial and management experience. He has served as the corporate controller of TiVo, Model N and Silicon Image, and started his career at Ernst & Young.

07:00 EDT Masimo: FDA completes evaluation of actions in response to warning letter - On August 14, 2014, Masimo announced that it had received a warning letter from the U.S. FDA regarding compliance with current Good Manufacturing Practices at Masimo's Irvine, California manufacturing facility. In a regulatory filing this morning, Masimo said that on May 26, the company received a letter from the FDA indicating that FDA has completed an evaluation of Masimo's corrective actions in response to the Warning Letter, and that, based on the FDA's evaluation, it appears that Masimo has addressed the violations contained in the Warning Letter. The letter indicated that future FDA inspections and regulatory activities will further assess the adequacy and sustainability of the corrections.

06:50 EDT Land's End reports Q1 gross margin 45.7% vs. 47.4% a year ago

06:49 EDT Land's End CEO says Q1 results 'in line with our expectations' - Jerome Griffith, CEO stated, "First quarter results were in line with our expectations, as we continued to make progress across a number of key areas. We are pleased to have achieved growth in our buyer files, improved product sell-through, and driven positive same store sales, all of which are encouraging signs that we are making the right decisions as we work to drive the business forward. Looking ahead, we are focused on building on this momentum and leveraging our strong brand and loyal customer base, as we concentrate on several key initiatives over the remainder of the year. These include developing a brand appropriate product assortment that represents the Lands' End brand and is relevant to our customer. In addition, we are in the process of aligning our marketing strategies to better connect with and engage consumers as well as further leverage our strong eCommerce platform and enhance our omni-channel capabilities to create a seamless shopping experience for our customers across channels. Overall, we are pleased with the progress we have made thus far, and expect to continue to see improvements in the business as we move through the remainder of the year."

06:31 EDT SAIC awarded $620M contract by NASA - NASA awarded Science Applications International an indefinite-delivery, indefinite-quantity contract to provide multidiscipline engineering support services to the Goddard Space Flight Center in Greenbelt, Maryland. The single-award contract has a five-year base period of performance and an award ceiling of $620M. Work will be performed at Goddard. The NASA Omnibus Multidiscipline Engineering Services II contract covers engineering support to Goddard's Applied Engineering and Technology Directorate.

06:24 EDT BlackBerry COO Beard downplays Toyota's use of AGL infotainment system platform - BlackBerry (BBRY) COO Marty Beard said in a blog post, "Toyota Motors (TM) is reportedly adopting Auto Grade Linux as its infotainment system platform in U.S. models of its popular Camry vehicle. You might ask if this will have a negative effect on BlackBerry QNX, the market leader in automotive infotainment, used in more than 60 million cars by over 40 brands around the world. The answer: not at all. QNX's status in infotainment and virtual cockpit controllers remains rock-solid, while our future in the rest of the connected car is brighter than ever. For one: BlackBerry QNX is not reliant on Toyota business. Our software has been used by Toyota for select vehicles for the past 4 years, including in its Entune system as an add-on or extension box from one of Toyota's suppliers. Entune offers features such as Bluetooth hands-free conversation and voice recognition, music streaming, and app downloads. But Entune is not the main in-car infotainment system for Toyota - it is merely a component of it. The net net is that our infotainment business with Toyota is focused in several niches" Beard also commented that "We agree Auto Grade Linux, like regular Linux and Android, will have market share in automotive infotainment. But none of these challenger platforms is close to displacing BlackBerry QNX in safety-critical modules, areas that are growing faster than infotainment in the modern software-defined car." Reference Link

06:10 EDT HD Supply announces $500M share repurchase program - On June 3, the Board of Directors of HD Supply Holdings authorized the company to enter into a share repurchase program for the repurchase of up to an aggregate amount of $500M of the company's common stock in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. This share repurchase program does not obligate the company to acquire any particular amount of common stock, and it may be terminated at any time at the company's discretion. The company had 202,659,525 shares of common stock outstanding as of June 2.

06:08 EDT SemGroup expects to recommend 10% dividend increase to board in December - In December 2017, management expects to recommend to the Board of Directors a dividend increase of 10% on an annualized basis. SemGroup is raising its targeted dividend CAGR from 8% to 10% through 2020.

06:06 EDT SemGroup expects to increase FY17 CapEx to $575M from $500M - Management expects to increase capital expenditures from $500M-$575M in 2017. Management continues to expect year-end 2017 covenant compliance leverage of 4.5x to 4.75x, assuming no ATM issuance.

06:05 EDT Acacia Research enters into license agreement with Medtronic - Acacia Research (ACTG) announced that Acacia Research Group and its LifePort Sciences subsidiary have entered into a license agreement with Medtronic (MDT). and Medtronic Vascular covering patents relating to surgical devices. The agreement resolves litigation that was pending in the United States District Court for the District of Delaware.

06:03 EDT Conn's sees Q2 SSS down 12%-15% from Q1 - Sees Q2 retail gross margin 37.75%-38.25% of total retail net sales; selling, general and administrative expenses 30.5%-32.0% of total revenues; provision for bad debts $52.0M-$56.0M; finance charges and other revenues $78.0M-$82.0M; and interest expense $20.5M-$22.5M.

06:01 EDT EU opens formal investigation into distribution practices of Guess - The European Commission has opened a formal antitrust investigation into the distribution agreements and practices of clothing manufacturer and retailer Guess. The Commission will examine whether Guess illegally restricts retailers from selling cross-border to consumers within the EU Single Market. Commissioner Margrethe Vestager, in charge of competition policy said: "The Commission has information indicating that Guess, in its distribution agreements, may ban cross-border sales to consumers. One of the key benefits of the EU's Single Market is that consumers can shop around for a better deal. We are going to investigate Guess' practices further to ensure that it's playing by the rules and not preventing consumers from buying products across borders."

05:38 EDT Applied DNA Sciences wins two-year, $1.5M competitive-bid development contract - Applied DNA Sciences announced that it has been awarded a two-year, approximately $1.5M competitive-bid development contract. The award, funded by the Office of the Secretary of Defense on behalf of the Defense Logistics Agency, or DLA, runs from June 1, 2017 to May 31 2019, and was granted via a Rapid Innovation Fund, or RIF, that provides DLA with innovative technologies that can be rapidly inserted into acquisition programs to meet specific defense needs. Management oversight for this RIF contract will be from DLA HQ located in Fort Belvoir, Virginia.

05:34 EDT Amazon announces discounted Prime for customers receiving government assistance - Amazon announced customers participating in a growing list of government assistance programs can now access Amazon Prime at a discounted monthly price. Currently, customers who have a valid Electronic Benefits Transfer, or EBT, card qualify for the discounted membership. Membership includes Prime Video, Prime Music, Prime Reading, Prime Photos and unlimited fast, free shipping for $5.99 per month for one year, with the ability to cancel anytime.

05:30 EDT Novartis drug Tasigna receives EU approval for inclusion of TFR data in label - Novartis announced that the European Commission has approved the inclusion of Treatment-free Remission, or TFR, data in the Tasigna Summary of Product Characteristics, or SmPC. TFR is the ability to maintain molecular response, or MR, after stopping tyrosine kinase inhibitor, or TKI, therapy in Philadelphia chromosome-positive, or Ph+, chronic myeloid leukemia, or CML, patients in chronic phase. This is an important milestone for the Ph+ CML community because Tasigna is now the first and only TKI to include information on TFR in the European Union label.

05:25 EDT Vectren subsidiary awarded U.S. DOE IDIQ contract - Energy Systems Group, or ESG, a wholly owned subsidiary of Vectren, announced that it has been awarded an Indefinite Delivery Indefinite Quantity, or IDIQ, contract for federal Energy Savings Performance Contracts, or ESPCs, by the U.S. Department of Energy, or DOE. ESG is one of 21 companies awarded the $55B IDIQ contract to develop new energy and water savings projects for federal facilities.