Stockwinners Market Radar for November 30, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

ATIS

Hot Stocks

18:32 EDT Attis Industries receives notice from Nasdaq, issues business update - Attis Industries received a notification letter from The Nasdaq Capital Market that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the company did not timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2018 with the SEC. As previously reported, the company was unable to complete and file the Form 10-Q timely because is still in the process of compiling required information to complete the Form 10-Q and its independent registered public accounting firm requires additional time to complete its review of the financial statements for the period ended September 30, 2018. The company is working diligently to complete the work necessary to file the Form 10-Q and will file such report as soon as practicable. The letter from Nasdaq provides that the company has sixty calendar days from the date of the letter to submit a plan to regain compliance; however, the company anticipates filing the Form 10-Q prior to such date. Attis also announces that it paid in full, in cash, the first amortization amounts owed pursuant to the senior secured convertible notes issued on August 29, 2018, avoiding dilution, because, pursuant to the Notes, for so long as such amortization payments are made in cash, the holders of the Notes are not able to convert the amounts owed under the Notes into common stock of the company.
ALO CDE

Hot Stocks

18:22 EDT Alio announces departure of COO Doug Jones - Alio Gold has filed on SEDAR a National Instrument 43-101 compliant technical report titled "Independent Technical Report Mineral Resource Update for the Florida Canyon Gold Mine, Pershing County Nevada, USA" for the updated Florida Canyon Mineral Resource Estimate announced on October 18, 2018. The Mineral Reserve Estimate and Life of Mine Plan are nearing completion and are on track to be finalized by the end of the year. With the Technical Report completed and the Florida Canyon Mine fully integrated into the Company, Doug Jones, COO has left the company. Jones joined the company from Rye Patch Gold Corp. following its acquisition by the company in May 2018. Going forward, the General Managers at the Florida Canyon and San Francisco Mines will report directly to Greg McCunn, CEO. The company also announces that it has completed the previously announced sale of its non-core assets to Coeur Rochester, a wholly-owned subsidiary of Coeur Mining (CDE). Pursuant to the terms of the transaction, Alio Gold received an aggregate of 4,268,703 common shares of Coeur and is in the process of transferring all data and materials related to the assets to Coeur.
SRAX

Hot Stocks

17:31 EDT Social Reality CFO J.P. Hannan to step down - Social Reality reported J.P. Hannan will step down from his role as CFO. Hannan will continue to work for the company during a yet to be determined transitional period. After Hannan's last day of employment, Christopher Miglino, the company's president and CEO will serve as the company's principal financial and accounting officer, on an interim basis, until a successor for Hannan has been identified.
IPCI

Hot Stocks

17:30 EDT Empery Asset Management reports 9.99% passive stake in Intellipharmaceutics
UTX

Hot Stocks

17:25 EDT United Technologies awarded $399.78M Navy contract modification - United Technologies was awarded a $399,78M modification to a previously awarded fixed-price-incentive-firm, cost-plus-incentive-fee, cost-plus-fixed-fee contract. This modification provides for performance based logistics sustainment in support of the F-35 Lightning II F135 propulsion system for the U.S Navy, U.S Air Force, U.S. Marine Corps, non-U.S. Department of Defense, or DOD, participants, and Foreign Military Sales, or FMS, customers. This modification provides for maintenance of support equipment; common program activities; unique and common base recurring sustainment; repair of repairable; field service representatives; common replenishment spares; conventional take-off and landing/carrier variant F135 unique maintenance services, and short take-off and landing F135 unique services. Work will be performed in Connecticut, Oklahoma, Camari, Italy, Florida, California, Utah, Arizona, and South Carolina and is expected to be completed in November 2019. FY19 operations and maintenance, non-U.S. DOD participants and FMS funds in the amount of $399,78M are being obligated on this award, $277.62M of which will expire at the end of the current fiscal year. This contract combines purchases for the U.S. Air Force, U.S. Marine Corps, U.S. Navy, non-U.S. DOD participants and FMS customers under the FMS Program. The Naval Air Systems Command is the contracting activity.
SKY

Hot Stocks

17:22 EDT Bain Capital lowers stake in Skyline to 8.9% from 12.0%
BAESY...

Hot Stocks

17:16 EDT BAE Systems, Booz Allen and others awarded combined $898M Navy contract - BAE Systems (BAESY), Booz Allen (BAH), CACI (CACI), General Dynamics (GD), Leidos (LDOS), Northrop Grumman (NOC) and others were each awarded a combined $898M multiple award, indefinite-delivery/indefinite-quantity, performance-based service contract utilizing cost-plus-fixed-fee and firm-fixed-price task orders. The contracts are for cyber mission engineering support services and provide for the delivery of information warfare capabilities through sea, air, land, space, electromagnetic, and cyber domains through the full range of military operations and levels of war. These contracts include a five-year ordering period, one 24-month option period, and one six-month option-to-extend-services in accordance with Federal Acquisition Regulation Clause 52.217-8. If all options are exercised, the cumulative value of these contracts will increase to $962M. Work will be performed worldwide and is expected to be completed by November 2024. If all options are exercised, work would continue until May 2027. Navy working capital funds in the amount of $25,000 will be divided equally among all awardees and obligated at the time of award. Contract funds will not expire at the end of the current fiscal year. The multiple award contracts were competitively procured by full and open competition with reserves for small business via the Space and Naval Warfare Systems Center e-commerce central website and the Federal Business Opportunities website, with 25 timely offers received. Space and Naval Warfare Systems Center Atlantic is the contracting activity.
BCEI

Hot Stocks

17:07 EDT Oaktree Holdings reports 7.06% passive stake in Bonanza Creek
BW

Hot Stocks

17:05 EDT Babcock & Wilcox receives non-compliance notification from NYSE - Babcock & Wilcox announced that it received notification from the NYSE that the company has fallen below its continued listing criteria based on the price of B&W's common stock. The average closing price of B&W's common stock was 96c over a consecutive 30-day trading period. The company has a period of six months from the date of notification, with a possible extension, to bring the 30-day average closing share price back above $1.00. Under NYSE rules, B&W's common stock will continue to be listed on the NYSE during this period, subject to the company's compliance with other NYSE continued listing requirements. B&W plans to notify the NYSE that it intends to cure the deficiency, although there can be no assurance that the company will be able to bring its share price back above $1.00 or will remain in compliance with other NYSE continued listing standards. The NYSE notification does not affect the company's business operations or its SEC reporting requirements and does not conflict with or cause an event of default under any of the company's material debt or other agreements.
HTBX

Hot Stocks

17:03 EDT Ayrton Capital reports 4.99% passive stake in Heat Biologics
CVS

Hot Stocks

17:02 EDT CVS Health CFO Denton sells 25,159 common shares - In a regulatory filing, CVS Health EVP and CFO David M. Denton disclosed the sale of 25,159 common shares of the company at a price of $80.13 per share.
TITN

Hot Stocks

16:44 EDT Titan Machinery CEO sells 53,000 common shares - In a regulatory filing, Titan Machinery chairman and CEO David Joseph Meyer disclosed the sale of 53,000 common shares at a price of $18.56 per share.
ET...

Hot Stocks

16:42 EDT Energy Transfer LP announces binding open season for Mariner East pipeline - Energy Transfer announced that its subsidiary, Sunoco Pipeline, launched a binding open season to solicit shipper commitments for transportation service of C3+ from the Marcellus/Utica play in Pennsylvania to destination facilities in Claymont, Delaware and Marcus Hook, Pennsylvania, through the Mariner East pipeline system. The open season will allow Sunoco Pipeline to take advantage of new opportunities to add additional product commitments to the pipeline, which is nearing completion. The open season commenced at 3:00 p.m. (Eastern Time) on November 30, 2018.
SFM

Hot Stocks

16:42 EDT Sprouts Farmers Market's Boney acquires 88,500 common shares - In a regulatory filing Sprouts Farmers Market director Shon A. Boney disclosed the purchase of 88,500 common shares of the company at a price of $22.8266 per share.
RP

Hot Stocks

16:34 EDT RealPage chief product officer Chaney sells 50,000 common shares - In a regulatory filing, RealPage executive VP and chief product officer William P. Chaney disclosed the sale of 50,000 common shares of the company at a price of $50.05 per share.
SEII

Hot Stocks

16:31 EDT Sharing Economy International to delist from Nasdaq, move listing to OTC Markets - Sharing Economy International announced that on November 26, 2018, Sharing Economy International Inc. received a staff determination notice from The Nasdaq Stock Market informing the company that as a result of its failure to comply with Nasdaq's shareholder approval requirements set forth in Listing Rule 5635c, the staff had determined to deny the company's request for continued listed based on a plan of compliance submitted on October 26, 2018. In the determination notice, the staff expressed its concern that the plan of compliance did not represent a definitive plan evidencing the company's ability to comply with the Rule due to a portion of the shares issued in violation of the Rule having been sold in the market and the lack of signed commitments from other holders of shares issued in violation of the Rule to participate in a proposed exchange offer intended to remediate such issuances by virtue of a subsequent special meeting of stockholders to be held to approve them. Nasdaq further informed the company that, in accordance with Listing Rule 5101, unless the company requests an appeal of the staff's determination, the company's common stock will be suspended from trading on the Nasdaq Capital Market at the opening of business on December 5, 2018. The company has decided not to appeal the Nasdaq determination notice and is instead moving its stock listing to the OTC Markets. The company believes OTC Markets is more suitable to its capital and business needs at this time as it undergoes the transition of its business and pursues aggressive growth strategies in the coming years. Although SEII is moving its stock listing to a different market, the Company intends to continue to maintain high quality reporting and disclosure standards and will continue to improve its corporate governance. The company's common stock will be delisted from Nasdaq effective at the open of trading on December 5, 2018. The company expects that its common stock will begin trading on the OTC Markets under the symbol SEII beginning on December 5, 2018.
TBNK

Hot Stocks

16:31 EDT Territorial Bancorp announces special cash dividend of 20c per share - Payable on December 20, 2018 to shareholders of record as of December 10, 2018. This is in addition to the special dividend of 10c per share that was paid in July, 2018.
MNR

Hot Stocks

16:30 EDT Monmouth Real Estate acquires industrial building in Savannah, GA for $27.8M - Monmouth Real Estate Investment Corporation announced the acquisition of a new 126,520 square foot industrial building located at 505 Morgan Lakes Industrial Boulevard, Savannah, GA at a purchase price of $27,832,781. The property is net-leased for 10 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 29 acres.
CPA...

Hot Stocks

16:25 EDT Copa Airlines, United Airlines and Avianca announce joint business agreement - Copa Airlines (CPA) announced it has reached an agreement with United Airlines (UAL) and Avianca (AVH) for a joint business agreement, or JBA, that, pending government approval, is expected to provide benefits for customers, communities and the marketplace for air travel between the United States and 19 countries in Central and South America. By integrating complementary route networks into a collaborative revenue-sharing JBA, Copa, United and Avianca will offer customers many benefits including integrated service in more than 12,000 city pairs, new nonstop routes, additional flights on existing routes and reduced travel times. The carriers expect the agreement to drive traffic growth at gateway cities throughout Latin America. Further, the carriers anticipate the JBA will provide customers with expanded codeshare flight options, competitive fares and a more streamlined travel experience. Additionally, the JBA is expected to enable the companies to better align their frequent flyer programs, coordinate flight schedules and look to improve the overall travel experience. Although JBAs around the world have been shown to benefit consumers and enhance competition, currently 99% of the U.S. carrier passenger traffic that makes connections in Central and South America does so without a JBA. Competition in the Latin American-U.S. market has grown and includes a diverse set of carriers offering service across multiple price points. The agreement represents an innovative, new product offering that the carriers believe will make competition stronger. To enable the deep coordination required to deliver these benefits to consumers, communities and the marketplace, Copa, United and Avianca plan to apply for regulatory approval of the agreement and an accompanying grant of antitrust immunity from the U.S. Department of Transportation and other regulatory agencies. The parties will fully implement the JBA after receiving the necessary government approvals. The JBA currently includes cooperation between the U.S. and Central and South America, excluding Brazil. With the recently concluded Open Skies agreement between the US and Brazil, the carriers are exploring the possibility of adding Brazil to the JBA.
LCII

Hot Stocks

16:18 EDT LCI Industries sees Smoker Craft acquisition 'immediately accretive to earnings' - "We are excited to add Smoker Craft's furniture manufacturing business to the LCI family. This is very similar to the furniture manufacturing operation that we purchased from Godfrey Marine in 2016, and that transition went extremely well," said Jason Lippert, LCI CEO. Continued Lippert, "This will be our fourth marine furniture acquisition in the last four years and as we continue to grow in the marine space, more opportunities continue to present themselves. This line of business has grown so significantly that earlier this year we opened a 700,000 square foot facility in Fort Wayne, Indiana to serve our marine customers. We anticipate that the Smoker Craft furniture manufacturing business will remain in New Paris while we transition the operation into the LCI family. I have the utmost confidence in Ryan Smith and his teams to ensure that there is a smooth manufacturing transition with Smoker Craft. We expect this acquisition to be immediately accretive to LCI's earnings."
LCII

Hot Stocks

16:17 EDT LCI Industries to acquire furniture manufacturing business of Smoker Craft - LCI Industries announced that its wholly-owned subsidiary, Lippert Components Manufacturing, has acquired the business and certain assets of the furniture manufacturing operation of Smoker Craft, a leading pontoon, aluminum fishing, and fiberglass boat manufacturer located in New Paris, Indiana. First year revenue for the marine furniture business acquired from Smoker Craft is estimated to be approximately $35M. The purchase price was $28M, which was paid at closing from borrowings under LCI's $325M line of credit. Additionally, the parties entered into a long-term supply agreement as part of the transaction.
MCK

Hot Stocks

16:16 EDT McKesson to relocate corporate headquarters to Las Colinas, Texas - McKesson Corporation announced the relocation of its corporate headquarters from San Francisco, California to Las Colinas, Texas, effective April 1, 2019, expanding upon its presence in the Dallas area. "We are excited to strengthen our presence in Texas and make Las Colinas our official global headquarters," said John H. Hammergren, chairman and chief executive officer, McKesson Corporation. "Governor Abbott and the Irving/Las Colinas community have provided tremendous support since we opened our Las Colinas campus last April. Making this move will improve efficiency, collaboration and cost-competitiveness, while providing an exceptional work environment for our employees." McKesson's Las Colinas campus is already a key hub for the company. Employees at the North Texas location perform vital functions for the company in areas such as operations, information technology, finance and accounting, marketing and sales, administration and support, purchasing, and project management. As previously announced on April 25, 2018, McKesson launched a multi-year strategic growth initiative, inclusive of plans to optimize the company's operating and cost structures. The company expects these initiatives and actions will generate approximately $300M-$400M in annual pre-tax gross savings that will be substantially realized by the end of Fiscal 2021.
EGN FANG

Hot Stocks

16:14 EDT Carl Icahn dissolves 7.9% stake in Energen - In a regulatory filing, Energen (EGN) disclosed that Carl Icahn "no longer beneficially owns any shares as the shares were converted into the right to receive the Merger Consideration" with Diamondback Energy (FANG).
HL

Hot Stocks

16:13 EDT Hecla Mining files to sell 865,703 shares of common stock for holders
QGEN NEO

Hot Stocks

16:10 EDT Qiagen, NeoGenomics to accelerate diagnostics for medicine for cancer patients - Qiagen (QGEN) and NeoGenomics (NEO) announced a master service agreement to accelerate the availability of companion diagnostics that enable precision medicine for cancer patients. The partnership between Qiagen and NeoGenomics, a provider of cancer-focused genetic testing services, will ensure day-one patient access to FDA-approved molecular tests paired with newly approved drugs for cancer. Building on the FDA's modernized regulatory approach to advanced diagnostics, especially next-generation sequencing, or NGS, tests, the collaboration with NeoGenomics will allow Qiagen and pharmaceutical partners to streamline the development and launch of targeted drugs and companion diagnostics to guide treatment decisions. The partnership offers pathways leading to introduction of FDA-approved companion diagnostics simultaneously with launch of new therapies. Qiagen and NeoGenomics will discuss their efforts to expedite access for precision medicine solutions at the American Society of Hematology, or ASH.
RSYS

Hot Stocks

16:07 EDT RadiSys announces CFIUS clearance regarding acquisition by Reliance Industries - Radisys announced that the Committee on Foreign Investment in the United States completed its review of the planned acquisition of the company by Reliance Industries. CFIUS clearance was the final governmental approval condition to closing the merger. With shareholder approval previously received on September 5, 2018, subject to the satisfaction or waiver of the remaining customary closing conditions, the parties expect to consummate the merger on December 7, 2018 or on such other date as the parties mutually agree. Upon the completion of the proposed transaction, Radisys shareholders will be entitled to receive $1.72 in cash per share, subject to the terms of the definitive merger agreement, and Radisys' common stock will no longer be publicly traded and will be delisted from the NASDAQ Global Select Market.
AKTX

Hot Stocks

16:06 EDT Akari Therapeutics 'encouraged' by new Coversin data - Akari Therapeutics announced recent developments and supporting data which underscore the differentiation of Coversin. "We are encouraged by new data that demonstrates the potential for improved patient comfort and ease of use. Alongside this focus on patient convenience we continue to develop Coversin as a differentiated treatment by means of its combined complement C5 and LTB4 inhibitory activity with early data readouts of our bullous pemphigoid and atopic keratoconjunctivitis trials expected in first quarter 2019," said Clive Richardson, Interim Chief Executive Officer of Akari Therapeutics. New data showing Coversin can be concentrated to 150mg/ml at low viscosity validates the enhanced convenience of the auto-injector pen across Akari subcutaneous program - currently PNH, thrombotic microangiopathy and BP. New highly concentrated formulation with small volume and water-like viscosity allows ease of administration and increasing patient comfort. Single cartridge to contain seven days of dosing which is stable at room temperature allowing patients to carry drug with them. A second eculizumab-resistant patient with PNH has now received more than six months of Coversin therapy treatment. Resistant to eculizumab because of a known C5 polymorphism. Previously transfusion-dependent and has now been transfusion independent for five months. New pharmacokinetic data for PAS Coversin supports once weekly dosing. Preclinical data investigating the half-life of PAS Coversin in three species supports potential for once weekly dosing in man.
OCUL

Hot Stocks

16:06 EDT Ocular Therapeutix trading halted, news pending
LIN

Hot Stocks

16:05 EDT Linde plc's Menezes sells 6,335 ordinary shares - In a regulatory filing, Linde plc head of Americas Gases Group Eduardo F. Menezes disclosed the sale of 6,335 ordinary shares of the company at a price of $156 per share.
UNFI

Hot Stocks

16:03 EDT United Natural Foods announces sale of SUPERVALU'S Hornbacher's stores - United Natural Foods announced that its newly acquired subsidiary, SUPERVALU, has entered into a definitive agreement whereby Coborn's will acquire seven Hornbacher's locations, as well as Hornbacher's newest store currently under development in West Fargo, N.D. The transaction is currently expected to close before Dec. 25, 2018, subject to customary closing conditions. As part of the sale, Coborn's plans to retain the Hornbacher's name and will enter into a long-term agreement for SUPERVALU to serve as the primary supplier of the Hornbacher's locations. As well, SUPERVALU will enter into an expanded supply relationship with Coborn's. Both of these supply agreements will include minimum purchase requirements. The Hornbacher's store in Grand Forks, N.D. is not included in the sale to Coborn's and will close. Liquidation will begin at the store on Monday, Dec. 3 and will close as the inventory liquidation is complete.
AMGN

Hot Stocks

16:02 EDT Amgen, UCB say FDA to review EVENITY - Amgen and UCB announced the U.S. Food and Drug Administration Bone, Reproductive and Urologic Drugs Advisory Committee, or BRUDAC, will review data supporting the Biologics License Application for EVENITY for the treatment of osteoporosis in postmenopausal women at high risk for fracture at a meeting on Jan. 16, 2019. "After a fracture, postmenopausal women with osteoporosis are five times more likely to fracture in the subsequent year, and these fractures can be life-changing. Yet these patients often remain undiagnosed and untreated and could benefit from a potential new bone forming therapy that has been shown to reduce their risk of fracture within the first year," said David M. Reese, M.D., executive vice president of Research and Development at Amgen. "We look forward to discussing the efficacy and safety data from our EVENITY clinical program with the members of the Committee." "We are currently seeing a large gap in the management and treatment of osteoporosis, especially in the post-fracture setting, with an estimated 77 percent of women aged 67 or older remaining undiagnosed and untreated in the first six months after a fracture.4 This is a stark reminder of the need to improve post-fracture care and reduce the risk of future fractures," said Dr. Pascale Richetta, head of bone and executive vice president, UCB. "We believe EVENITY has the potential to help postmenopausal women with osteoporosis who are at high risk for fracture, and we look forward to the interactions with the members of the Committee."
BA

Hot Stocks

16:01 EDT Boeing delivers first 737 MAX airplane to Fiji Airways - Boeing delivered the first 737 MAX for Fiji Airways, which plans to use the fuel-efficient, longer-range version of the popular 737 jet to expand and modernize its single-aisle fleet. Fiji Airways plans to take delivery of five MAX 8 airplanes, which will build on the success of its fleet of Next-Generations 737s. In addition to modernizing its fleet, Fiji Airways will use Boeing Global Services to enhance its operations. These services include Airplane Health Management, which generates real-time, predictive service alerts, and Software Distribution Tools, which empowers airlines to securely manage digital ground-based data and efficiently manage software parts.
VIVO

Hot Stocks

16:00 EDT FDA authorizes Meridian Bioscience's cytomegalovirus test - The U.S. Food and Drug Administration announced that it has permitted marketing of a new diagnostic test to aid in detecting a type of herpes virus called cytomegalovirus in newborns less than 21 days of age. The Alethia CMV Assay Test System is used as an aid in the diagnosis of congenital CMV infection by detecting CMV deoxyribonucleic acid from a saliva swab. The FDA granted marketing authorization of the Alethia CMV Assay Test System to Meridian Bioscience.
HBK

Hot Stocks

15:41 EDT Context BH Capital reports roughly 5.4% passive stake in Hamilton Bancorp
DIS

Hot Stocks

15:06 EDT ESPN to launch ACC Network on August 22, 2019 - The ACC Network will launch on Thursday, Aug. 22, 2019, Disney's ESPN and the Atlantic Coast Conference announced. "On August 29, the first conference football game will kick off on the new all-ACC platform when Georgia Tech visits Clemson for a Thursday night contest. The 24/7 network is poised to air 1,300 live events annually across its TV and digital offerings from around the conference's 15 member schools and 27 sponsored sports," ESPN stated.
ALK

Hot Stocks

15:04 EDT Alaska Air temporarily suspending operations in Anchorage due to earthquake - Alaska Airlines' official corporate account tweeted: "Due to a significant earthquake in Anchorage, Alaska, we are temporarily suspending operations at the airport until at least 12:30pm Pacific. We will keep you updated here as well as on the Alaska Airlines Blog." Reference Link
STWD MAR

Hot Stocks

14:57 EDT Starwood Property Trust says not impacted by Marriott data breach - Starwood Property Trust (STWD) responded to investor inquires and confirmed that the company has not been impacted in any way by Marriott International, Inc.'s (MAR) publicly announced data breach involving its guest reservation database for its Starwood-branded hotels. Starwood Property Trust is wholly unaffiliated with Marriott International, Inc.
LAUR

Hot Stocks

14:48 EDT Laureate Education says DOJ closed inquiry into possible FCPA violations - In a regulatory filing last night, Laureate Education disclosed that on November 21, external counsel for the company received a letter from the U.S. Department of Justice stating that the DOJ had closed its inquiry into possible violations of the U.S. Foreign Corrupt Practices Act. "In the letter, the DOJ acknowledged our voluntary disclosure and full cooperation in its investigation, and the remediation that we have undertaken. The Company previously had received a letter from the Division of Enforcement of the Securities and Exchange Commission stating that it had concluded its investigation as to the Company with respect to such matters and did not intend to recommend an enforcement action against the Company by the SEC. As previously disclosed, during the fourth quarter of 2014, we discovered irregularities with respect to a donation by our network institution in Turkey, Istanbul Bilgi University, to a charitable foundation. In June 2016, the Audit Committee of our Board of Directors initiated an internal investigation into this matter with the assistance of external counsel. We voluntarily disclosed the investigation and facts related to the donation to the DOJ and the SEC, and the Company fully cooperated with those agencies in their subsequent inquiry and investigation relating to this matter," the company stated in the filing. In afternoon trading, Laureate Education shares are down 39c, or 2.6%, to $14.57.
SMMF

Hot Stocks

14:30 EDT Summit Financial raises quarterly dividend 8% to 14c per share - Summit Financial announced its board of directors recently declared a fourth quarter 2018 dividend of 14c per share payable on December 31, 2018 to common shareholders of record as of the close of business on December 14, 2018, representing an 8% increase compared to the 13c paid each of the previous three quarters in 2018.
GPIC

Hot Stocks

14:00 EDT Gaming Partners announces special cash dividend of 12c share - Gaming Partners International announced that its board has authorized a special cash dividend of 12c per issued and outstanding share of common stock to be paid no later than December 21, 2018 to stockholders of record as of December 10.
REGI

Hot Stocks

13:32 EDT Renewable Energy CEO says 'pleased' with final EPA renewable fuel volumes - Renewable Energy Group CEO Randy Howard issued the following statement regarding the Environmental Protection Agency's release of the final Renewable Volume Obligations for 2019 Advanced Biofuel and 2020 Biomass-Based Diesel. "We are very pleased to see growth for the Advanced Biofuel and Biomass-Based Diesel categories. It is clear that the industry can deliver higher volumes of cleaner burning fuels that consumers want to the market. We appreciate that Acting Administrator Wheeler has listened to our position and that this final RVO rule reflects that. We look forward to continuing to work with the President and his Administration to show how continued growth of renewable fuels benefits rural America, American agriculture and energy security, and the environment." The final RVO rule will increase the minimum advanced biofuel volume for 2019 to 4.92B ethanol equivalent gallons, up from 4.29B gallons for this year, and 2.43B gallons of biomass-based diesel in 2020, up from 2.1B gallons for 2019.
AAWW

Hot Stocks

13:19 EDT Atlas Air 'commends' U.S.-UK air services agreement - The company said, "Atlas Air Worldwide Holdings congratulates and thanks the United States government for reaching an open skies aviation agreement with the United Kingdom, to become effective when the air services agreement between the United States and Member States of the European Union ceases to apply to the United Kingdom following Brexit. The U.S.-UK agreement will ensure post-Brexit continuation of the market-driven aviation environment needed to facilitate continuing growth of U.S. jobs and the U.S. economy. 'We are extremely gratified that the United States continues to pursue its well-tested open skies aviation policy,' said CEO William Flynn. 'When it takes effect, the U.S.-UK air services agreement will improve the global scheduling options for our airline subsidiaries by allowing them to exercise seventh-freedom cargo rights to and from the United Kingdom.'"
BHGE

Hot Stocks

13:02 EDT Baker Hughes reports U.S. rig count down 3 to 1,076 rigs - Baker Hughes reports that the U.S. rig count is down 3 rigs from last week to 1,076, with oil rigs up 2 to 887 and gas rigs down 5 to 189. The U.S. Rig Count is up 147 rigs from last year's count of 929, with oil rigs up 138 and gas rigs up 9. The U.S. Offshore Rig Count is down 2 rigs to 23 and up 3 rigs year-over-year. The Canada Rig Count is down 5 rigs from last week to 199, with oil rigs down 5 to 119 and gas rigs unchanged at 80. The Canada Rig Count is down 23 rigs from last year's count of 222, with oil rigs up 8 and gas rigs down 31.
AMRC

Hot Stocks

13:01 EDT Ameresco acquires TerraNavigator, financial terms not disclosed - Ameresco announced that it has acquired TerraNavigator, LLC, a California-based firm that specializes in the origination and development of solar assets on environmentally-impacted sites throughout the country. With this acquisition, Ameresco will expand its pipeline of potential renewable energy projects with a focus on converting these project opportunities into operating assets that the company will own and operate. As part of the transaction, Ruben Fontes, formerly CEO of TerraNavigator, has joined Ameresco as Senior Vice President, Large Scale Distributed Energy Resources.
AMZN AAPL

Hot Stocks

12:52 EDT Amazon says Apple Music to be available on Echo devices later this month - Amazon (AMZN) announced in a blog post that Apple Music (AAPL) will be available on Echo devices beginning the week of December 17. Apple Music subscribers will be able to enjoy Apple Music's 50M songs on Echo devices. Customers will be able to ask Alexa to play their favorite songs, artists, and albums-or any of the playlists made by Apple Music's editors from around the world, covering many activities and moods. Customers will also be able to ask Alexa to stream expert-made radio stations centered on popular genres like Hip-Hop, decades like the 80s, and even music from around the world, like K-Pop. Just ask Alexa to play Beats 1 to hear Apple Music's global livestream including in-depth artist interviews- all completely ad-free. Simply enable the Apple Music skill in the Alexa app and link your account to start listening, Amazon said.
BPI

Hot Stocks

12:31 EDT Cloverdale Capital reports 5.03% passive stake in Bridgepoint Education
MAR

Hot Stocks

12:17 EDT NY AG says opening investigation into Marriott data breach - New York Attorney General Barbara Underwood said that her office has opened a probe into the Marriott data breach. "New Yorkers deserve to know that their personal information will be protected," Underwood said in a Tweet. Reference Link
ELY

Hot Stocks

12:00 EDT Callaway Golf falls -16.2% - Callaway Golf is down -16.2%, or -$3.06 to $15.85.
YEXT

Hot Stocks

12:00 EDT Yext falls -18.8% - Yext is down -18.8%, or -$3.42 to $14.79.
VSLR

Hot Stocks

12:00 EDT Vivint Solar falls -21.1% - Vivint Solar is down -21.1%, or -$1.48 to $5.52.
CZZ

Hot Stocks

12:00 EDT Cosan rises 8.4% - Cosan is up 8.4%, or 68c to $8.77.
EQGP

Hot Stocks

12:00 EDT EQGP Holdings rises 17.5% - EQGP Holdings is up 17.5%, or $2.98 to $20.00.
UTI

Hot Stocks

12:00 EDT Universal Technical rises 17.9% - Universal Technical is up 17.9%, or 50c to $3.30.
DDAIF

Hot Stocks

11:40 EDT Daimler, SKF announce settlement agreement with respect to legal dispute - SKF and Daimler AG have entered into a settlement agreement with respect to their dispute before the regional court Nuremberg-Fuerth in Germany regarding damage claims resulting from the European Commission's decision on the violation of European competition rules with respect to automotive bearings. Daimler initiated this lawsuit against SKF GmbH in June 2017. The parties agreed to treat details of the settlement as confidential. This settlement is not an admission of liability for damages, but is made in order to enable SKF and Daimler to continue their long-standing commercial relationship. The settlement will have an insignificant impact on the financial position of the Group.
NUE

Hot Stocks

11:32 EDT Nucor boosts quarterly dividend to 40c from 38c - Nucor's board increased the regular quarterly cash dividend on the company's common stock by 5.3% to 40c per share from 38c per share. The cash dividend is payable on February 11, 2019 to stockholders of record on December 31, 2018. The company added, "Nucor has increased its regular, or base, dividend for 46 consecutive years - every year since it first began paying dividends in 1973. Over the past ten years, Nucor has returned more than $5 billion in capital to its stockholders in the form of base dividends, supplemental dividends and share repurchases."
FCAU

Hot Stocks

11:04 EDT Fitch upgrades Fiat Chrysler to investment grade 'BBB-' rating - Fitch Ratings announced that it has upgraded Fiat Chrysler Automobiles' ratings, including the Long-Term Issuer Default Rating, to 'BBB-' from 'BB'. The Outlook on the Long-Term IDR is Stable. "The upgrade reflects the continuous strengthening of FCA's financial profile and our expectation that this improvement is sustainable despite a potential cyclical weakening of new vehicle sales in some of the key markets where FCA is active. In particular, we expect free cash flow to remain on average above 1.5% in the foreseeable future and funds from operations adjusted net leverage to decline further to around breakeven by end-2020. FCA's credit profile has also been supported by the disposal of Magneti Marelli, FCA's main components business, which is expected to be completed in 2019. This will further lower the group's net indebtedness and improve financial flexibility. The upgrade also reflects FCA's solid business profile, consistent with a low investment-grade rating," Fitch stated.
HON

Hot Stocks

10:47 EDT Honeywell confirms plans to move global headquarters to Charlotte - Honeywell announced it will relocate its global corporate headquarters to Charlotte, North Carolina. Honeywell also announced it will relocate the headquarters of its Safety and Productivity Solutions business group from Fort Mill, South Carolina, to Charlotte. The final decision is subject to the recently passed North Carolina Job Development Investment Grant legislation becoming law and the final award of state and local incentives, which the company expects to be completed early next week, Honeywell noted. As part of the move, about 150 to 200 New Jersey-based senior management positions and about 100 South Carolina-based positions will relocate to Charlotte between now and September 2019. The company envisions gradually adding about 500 Honeywell corporate and SPS positions to the Charlotte location over the next five years, bringing total employment there to about 750 by the end of 2024. Any corporate roles that will be added in Charlotte will come from multiple locations, not just New Jersey, the company noted. Charlotte is a top-10 destination city in the U.S. that will readily enable us to recruit and retain the world-class talent we will need over the long term to support Honeywell's strategic focus on leading technology and software solutions within our end markets...Our decision does not reflect any issues with the quality of our experience in New Jersey. We value the strong relationship that we have built with the state of New Jersey and with Governor Murphy. New Jersey will remain a substantial employment center for us," said Darius Adamczyk, Honeywell chairman and CEO.
SAFM

Hot Stocks

10:40 EDT Sanderson Farms to discontinue use of certain antibiotics in live poultry ops - Sanderson Farms announced that it will discontinue by March 1, 2019, using antibiotics considered medically important for humans for disease prevention in its live poultry operations. The change follows the completion of an independent study the Company commissioned earlier this year on its antibiotics program for its live operations. As part of its ongoing animal welfare and antibiotic stewardship efforts, the Company commissioned an advisory board of scientific experts in poultry production, livestock management, and antibiotic use in veterinary and human medicine to study and report on the Company's use of antibiotics in its live poultry production operations. The advisory board found no misuse of antibiotics at Sanderson Farms or other deficiencies in its program. Instead, the advisory board found that compared to the rest of the industry, the Company's broiler chickens "have better than average health," and that "current management practices, including their use of antibiotics, are effective to preserve the health and life of chicks and birds." The advisory board also believes the number of broiler chickens treated with antibiotics for disease at Sanderson Farms in 2017 "is low relative to conventional operations of comparable size." Commenting on the advisory board's report, CEO Joe Sanderson said, "We are grateful for the work of the independent scientists who served on the advisory board, and we value their findings. As a result of their report, we have determined to discontinue by March 1, 2019, the use of gentamicin and virginiamycin for prevention of disease in our live operations. These are the only two antibiotics considered medically important for humans that we currently use for prevention purposes. Our live production team, including our team of veterinarians, is prepared to ensure this change has as little impact as possible on the health and welfare of our birds and environmental resources."
ABBV PFE

Hot Stocks

10:02 EDT AbbVie signs patent license agreements with Pfizer over Humira biosimilar - AbbVie (ABBV) announced patent license agreements with Pfizer (PFE) over its proposed biosimilar adalimumab product. Under the terms of the agreements, AbbVie will grant Pfizer a non-exclusive license on specified dates to AbbVie's intellectual property relating to Humira in the United States and in various other countries around the world in which AbbVie has intellectual property. Pfizer's U.S. license will begin on November 20, 2023, and will not be accelerated by the entry of companies who have already taken a license. And in the European Union, Pfizer can launch upon approval from the European Medicines Agency. Pfizer will pay royalties to AbbVie for licensing its Humira patents and "acknowledges the validity of the licensed patents,' AbbVie says in a statement. The company will make no payments to Pfizer. The precise terms are confidential between the parties, it added.
PFE ABBV

Hot Stocks

10:02 EDT Pfizer signs licensing agreements with AbbVie resolving IP matters - Pfizer (PFE) announced that it has signed licensing agreements with AbbVie (ABBV), resolving all global intellectual property matters for Pfizer's proposed adalimumab biosimilar. Under the terms of the agreements, AbbVie grants Pfizer a non-exclusive patent license for the use and sale of Pfizer's proposed adalimumab biosimilar for many countries around the world. Pfizer may launch its adalimumab biosimilar upon approval by the European Medicines Agency in Europe. In the United States, the license period will begin on November 20, 2023. All litigation pending between the parties will be withdrawn. The financial details of the agreements are confidential.
PAGS

Hot Stocks

10:00 EDT PagSeguro Digital falls -16.5% - PagSeguro Digital is down -16.5%, or -$4.32 to $21.91.
VSLR

Hot Stocks

10:00 EDT Vivint Solar falls -18.1% - Vivint Solar is down -18.1%, or -$1.27 to $5.73.
YEXT

Hot Stocks

10:00 EDT Yext falls -20.9% - Yext is down -20.9%, or -$3.80 to $14.41.
DWT

Hot Stocks

10:00 EDT Britannia Bulk rises 8.1% - Britannia Bulk is up 8.1%, or $1.07 to $14.36.
CZZ

Hot Stocks

10:00 EDT Cosan rises 11.1% - Cosan is up 11.1%, or 90c to $8.98.
EQGP

Hot Stocks

10:00 EDT EQGP Holdings rises 17.7% - EQGP Holdings is up 17.7%, or $3.00 to $20.02.
CHRS AMGN

Hot Stocks

09:50 EDT Coherus Biosciences announces 340B prime vendor contract agreement with Apexus - Coherus BioSciences (CHRS) announced that the company has executed a 340B prime vendor program contract agreement with Apexus. Apexus is a recognized leader in the ambulatory hospital outpatient setting and the Health Resources and Services Administration prime vendor for the 340B drug pricing program, of which UDENYCA is a part. Apexus contracts with more than 95% of the 340B eligible covered entities, and the 340B channel represents about 35% of the Neulasta units sold in the U.S. In addition to entering into a UDENYCA contract agreement with Apexus, Coherus BioSciences has received Q-Code medical billing status for UDENYCA from the Centers for Medicare and Medicaid Services. A Healthcare Common Procedure Coding System Q-Code enables broad and expansive access to patients and providers. Code Q5111 will be effective January 1, 2019, in time for the company's planned first availability of UDENYCA. With the Q-Code in place, Coherus BioSciences is proceeding to apply to CMS for transitional pass-through payment status for hospital outpatient settings. Neulasta is a Registered Trademark of Amgen (AMGN).
FTEO

Hot Stocks

09:50 EDT FRONTEO Inc (ADS) trading resumes
PANW

Hot Stocks

09:47 EDT Palo Alto Networks rises 7.5% - Palo Alto Networks is up 7.5%, or $13.17 to $189.22.
CZZ

Hot Stocks

09:47 EDT Cosan rises 10.6% - Cosan is up 10.6%, or 86c to $8.95.
EQGP

Hot Stocks

09:47 EDT EQGP Holdings rises 17.2% - EQGP Holdings is up 17.2%, or $2.93 to $19.95.
FTEO

Hot Stocks

09:45 EDT FRONTEO Inc (ADS) trading halted, volatility trading pause
ZAGG

Hot Stocks

09:17 EDT Strax divests Gear4 brand to ZAGG for MEUR 35 - STRAX has divested Gear4, mobile phone case protection brand, to ZAGG for MEUR 35 with potential additional payments of up to MEUR 9 based on 2019 sales development. The divestment is a share-based transaction, with US-based ZAGG, acquiring all outstanding shares in Gear4 Hong Kong Ltd, a wholly-owned subsidiary of STRAX. The value of the transaction is MEUR 35 and is based on the 2018 forecasted Gear4 sales generated by the STRAX group of companies. Eighty percent of the purchase price will be paid in cash and 20% will be paid in shares in ZAGG, which is listed on the Nasdaq US stock exchange. MEUR 26.5 will be paid in cash at completion with MEUR 5 of the total purchase price held back in escrow for five months and MEUR 3.5 for 18 months. The effective date of the transaction is 30 November 2018. The transaction is based on a cash and debt-free basis, and the initial cash flow impact of STRAX will equal the initial purchase price less the hold-back of MEUR 8.5. The shares received as part of the purchase price will be subject to a customary 12-month lock-up period, whereby the shares cannot be freely sold or transferred. The shares can be sold or distributed to STRAX shareholders after the lock-up period and release from hold-back. STRAX will continue to distribute Gear4 products in several markets, including the UK, where Gear4 enjoys a market-leading position in the mobile case category. While the transaction will negatively impact STRAX's consolidated annual sales by MEUR 20-25, it will reduce headcount by 17 FTEs and OPEX by 8-10%, therefore mitigating the EBITDA impact on a consolidated basis.
ZAGG

Hot Stocks

09:11 EDT Zagg acquires Gear4 for $40M - Zagg announced it has acquired Gear4 from STRAX AB $40M, the equivalent of 1X 2018 projected sales. Accounting for 23% market share in the U.K. and having experienced significant growth in North America this year, Gear4's range of impact absorbing smartphone cases covers all leading handsets. Gear4's cases exclusively feature D3O technology. With more than 1.9B smartphones predicted to ship during 2018, the Gear4 acquisition complements the ZAGG product portfolio and provides credible access of a growing brand to a large category driven by demand for mobile devices globally. ZAGG Inc will acquire the Gear4 corporate headquarters located in Maidenhead, England, and retain the services of its talented employees located in the U.S., Canada, the U.K. and Hong Kong.
RDUS

Hot Stocks

09:08 EDT Radius Health provides update on oncology pipeline, RAD140 at SABCS - Radius Health announced updates from its oncology pipeline and its scientific presentations on elacestrant and RAD140 at the upcoming 2018 San Antonio Breast Cancer Symposium, or SABCS. The company's Phase 3 EMERALD study has been initiated and is now open for enrollment. The trial is a randomized, open label, active-controlled study evaluating elacestrant as second- or third-line monotherapy in advanced/metastatic ER-positive/HER2-negative breast cancer patients. Depending on the results, this single trial is intended to support applications for marketing approvals for elacestrant as a second- and third-line monotherapy in the U.S., European Union, and other markets. The company's Phase 1 dose escalation study of RAD140 in HR+ breast cancer patients is ongoing and enrollment is expected to remain active through Q1 of 2019. Radius has identified a provisional maximum tolerated dose and an additional cohort has been opened to further confirm tolerability, pharmacokinetics, and on-treatment pharmacodynamics effects of RAD140 at that dose.
CMTA

Hot Stocks

09:05 EDT Clementia Pharmaceuticals announces CCO Eric Grinstead departs - Clementia Pharmaceuticals announced the departure of Eric Grinstead as the company's CCO effective November 30. The company has initiated a search process for a new CCO, who is expected to have significant product launch and market access experience. Steve Forte, CFO, will assume responsibility for the company's ongoing pre-commercial efforts in the interim.
AMRS

Hot Stocks

09:02 EDT Amyris partners with Givaudan for tabletop application for its sweetener - Amyris announced the introduction of a new tabletop sweetener application developed in collaboration with Givaudan. Research shows a rise in obesity and diabetes around the world, yet people still crave the sweetness of sugar. Amyris has developed a sweetener that is naturally sourced from sugarcane and has zero calories. The tabletop sweetener application, available initially in Brazil and expected to roll out in other markets in the near future.
KERX AKBA

Hot Stocks

08:58 EDT Keryx announces Glass Lewis recommendation for Akebia merger - Keryx (KERX) announced that independent proxy advisory firm Glass Lewis recommends Keryx stockholders vote "FOR" the proposals relating to the proposed merger with Akebia (AKBA) at the special meeting of Keryx stockholders to be held on December 11. In recommending that Keryx stockholders vote "FOR" the merger and the related proposals, Glass Lewis recognized in its report that "the fundamental underpinnings of the proposed arrangement are both straightforward and sound" and that there is "a compelling case to combine the two firms." The Keryx board unanimously recommends that Keryx stockholders vote "FOR" the proposals relating to the proposed merger. Additionally, Keryx's largest stockholder, The Baupost Group, has entered into a voting agreement in support of the transaction.
MAR...

Hot Stocks

08:57 EDT Fly Intel: Pre-market Movers - UP AFTER EARNINGS: Ambarella (AMBA), up 15%... VMware (VMW), up 5%... Workday (WDAY), up 8%... Splunk (SPLK), up 4.5%. ALSO HIGHER: Himax (HIMX), up 4% after its chairman Biing-Seng Wu announced that he intends to use his personal funds to purchase up to approximately $5M of the company's American Depositary Shares in the open market. DOWN AFTER EARNINGS: LabCorp. (LH), down 5.5%... GameStop (GME), down 10%... PVH Corp. (PVH), down 2%. ALSO LOWER: Marriott (MAR), down 4.5% after announcing a data breach affecting 327M guests that includes addresses and passport numbers... Sprouts Farmers Market (SFM), down 13% after after announcing the departure of CEO Amin Maredia.
AKBA KERX

Hot Stocks

08:57 EDT Akebia says Glass Lewis recommends shareholders vote for proposed Keryx merger - Akebia Therapeutics (AKBA) announced that independent proxy advisory firm, Glass Lewis & Co., joins Institutional Shareholder Services in recommending that Akebia shareholders vote "FOR" the shareholder proposals relating to the Company's proposed merger with Keryx Biopharmaceuticals (KERX). In its report dated November 29, 2018, Glass Lewis stated:"Based on the foregoing factors and the unanimous support of the board, we believe there is sufficient procedural, strategic and financial cause for investor support here. Accordingly, we recommend shareholders vote FOR this proposal...Speaking first to strategic fit, we believe the fundamental underpinnings of the proposed arrangement are both straightforward and sound...Akebia has, in our view, reasonably elected to partner with another renal disease-focused enterprise with existing sales and marketing infrastructure and an approved treatment." The merger of Akebia and Keryx is subject to the satisfaction of various closing conditions, including approval by shareholders of both companies. The special meeting of Akebia shareholders to vote on matters relating to the proposed merger has been scheduled for December 11, 2018. Holders of record of Akebia common stock as of 5:00 p.m. Eastern Time on October 22, 2018, will be entitled to vote at the special meeting. The Akebia Board of Directors strongly urges Akebia shareholders to vote "FOR" the Akebia proposals set forth in the definitive proxy statement, including "FOR" the proposal to issue shares of Akebia common stock to Keryx shareholders in relation to the proposed merger.
SOLO

Hot Stocks

08:46 EDT ElectraMeccanica partners with Dobson Motorsport to market SOLO EV - Electra Meccanica announced that the company is partnering with Dobson Motorsport to represent and promote the SOLO EV in Oregon and Washington State. Dominic Dobson is a former professional racecar driver and authority within the automotive industry.
ORGS

Hot Stocks

08:43 EDT Orgenesis subsidiary expands production, doubles capacity - Orgenesis announced that its subsidiary, Masthercell Globa has launched a new production wing of 600 square meters at its Belgium site in the presence of Belgium's Public Health and Social Affairs Minister, Maggie De Block, and the Minister-President of Wallonia, Willy Borsus. Masthercell is also backed by Great Point Partners. The expansion of the current Belgium plant provides Masthercell five additional, late stage and commercial ready clean rooms. This new wing has been designed with an agility-by-design approach. This allows clients to adapt clinical versus commercial segregation and clean room surface optimization for both isolation of certain parts of the facility and doubling of clean room size. Each clean room of the new production wing is 30 square meters with independent HVAC systems to ensure full autonomy and independent maintenance management. The new wing also brings additional capabilities, including two development laboratories, one quality control laboratory and additional warehouse capabilities.
GNUS

Hot Stocks

08:42 EDT Genius Brands CEO Andy Heyward issues shareholder letter - Genius Brands released a letter to shareholders from chairman & CEO Andy Heyward. The complete letter follows: "Rainbow Rangers Week 2 Nielsen Numbers Continue to Grow!!! I have a quick update for those of you who are tracking the launch of Rainbow Rangers and its strong Nielsen performance debut the week of November 5th, in which we were one of the highest rated programs on Nick Jr. I am ecstatic to report that in Week #2, once again, Rainbow Rangers continued to improve and grow its ratings numbers, against our key target demo of Girls 2-5. In our Week 1 launch, we were at .7, and in our Week 2, we moved up 16% to .81. This not only placed us amongst the top shows on Nick Jr., but also delivered a higher Nielsen rating than a number of established hit franchises. As for the critical metric of audience retention, Rainbow Rangers also continued to retain and improve our lead in audience this week by an average of +36%. At the end of week 1, Nick Jr. added encore performances for Rainbow Rangers on both Saturday and Sunday, and during Week 2, Nick added TWO PRIMETIME BROADCASTS this last Sunday night, November 25th, from 8pm-9pm. These are both strong steps speaking on behalf of the shows ability to perform. Meanwhile, all of the Rainbow Rangers' consumer products are now poised for the retail market launch in Q3 2019. Successful shows that attract viewers sell a lot of consumer product merchandise, and we believe that is exactly where Rainbow Rangers is heading!"
SLS

Hot Stocks

08:39 EDT Sellas Life Sciences to present nelipepimut-S, trastuzumab trial data at SABCS - Sellas Life Sciences announced that further correlative data from the Phase 2b trial of nelipepimut-S in combination with trastuzumab for the treatment of women with triple-negative breast cancer, or TNBC, will be presented at the 2018 San Antonio Breast Cancer Symposium, or SABCS. The data will include efficacy results from analysis of key predefined subgroups and the difference in the patterns of disease relapse between the active versus the control arms.
HXL

Hot Stocks

08:35 EDT Hexcel to acquire ARC Technologies for $160M - Hexcel announced that it has entered into a definitive agreement to acquire ARC Technologies. The acquisition strengthens Hexcel's existing advanced materials portfolio in structural composites and thermoplastics and provides new opportunities for growth and market penetration. ARC Technologies, founded in 1988, is a privately-owned manufacturer with about 170 employees working at two locations in Amesbury, Massachusetts. The company has a wide range of capabilities for producing RF / EMI and microwave absorbing materials and specializes in combining absorptive metallic filler compounds, including carbon, iron and nickel-coated graphite, with a proprietary blend of polymer resins to generate various matrix materials including structural composites and thermoplastics. ARC Technologies is expected to generate about $50M in revenue in 2018. The agreed-upon purchase price is $160M, which represents a multiple of 11.9 times expected adjusted EBITDA. The transaction is expected to be accretive to Hexcel's earnings in 2019 and is subject to customary commercial and regulatory conditions and approvals. It is expected to close early in 2019.
GPL

Hot Stocks

08:34 EDT Great Panther Silver says 'progressing well' towards Beadell acquisition - Great Panther Silver provides the following update with respect to its proposed acquisition of Beadell Resources. As noted in the press release dated September 23, 2018 announcing Great Panther's friendly acquisition of Beadell, the closing of the acquisition is conditional upon certain arrangements relating to Beadell's outstanding $10M convertible debentures. "We are advancing through the regulatory process in Australia and progressing well towards the completion of our acquisition of Beadell and expect respective meetings seeking shareholder approvals to take place early in 2019", stated James Bannantine, President and CEO. "This latest announcement is an important next step, as we are confirming our intention to offer to purchase the Convertible Debentures immediately after Closing and amend the existing terms as required in the event of an acquisition. Should the current debenture holders choose to continue to hold the Convertible Debentures, they will benefit from an improved credit profile. Otherwise, Great Panther has the balance sheet to purchase the Convertible Debentures and is also considering options to refinance." The Acquisition will constitute a change of control, as defined in the indenture governing the Convertible Debentures of Beadell. In accordance with the terms of the Debenture Indenture, upon the occurrence of a Change of Control, Beadell is required to make an offer to purchase all Convertible Debentures at a price per Convertible Debenture equal to 105% of the principal amount, plus accrued and unpaid interest. In connection with the Acquisition, it is expected that Beadell will make the Change of Control Purchase Offer under Great Panther's direction. In connection with the Acquisition, it is also anticipated that Great Panther will enter into an amended and restated or supplemental Debenture Indenture pursuant to which Great Panther will expressly assume the obligations of Beadell under the Debenture Indenture and the holders of Convertible Debentures will be entitled to receive Great Panther Shares on the conversion thereof, to the extent that any Convertible Debentures remain outstanding after the Change of Control Purchase Offer. Additional amendments may be made in connection with the entering into of such amended and restated or supplemental indenture if mutual agreement between Great Panther and the holders of the Convertible Debentures can be secured and if any Convertible Debentures remain outstanding after the Change of Control Purchase Offer.
PPG

Hot Stocks

08:31 EDT PPG to invest $1.7M in Kunshan, China, coatings manufacturing facility - PPG announced a $1.7M investment in a new dispense cell at its Kunshan, China, coatings manufacturing facility. The new cell, expected to be fully operational in January 2019, will increase production flexibility and productivity at the site, while also delivering significant cost savings, shortened delivery cycles and reduced emissions.
AMZN

Hot Stocks

08:30 EDT Influential Amazon investor confident in Prime Health roll-out, CNBC says - Speaking at the Forbes Healthcare conference this week venture capital star John Doerr said "Amazon is among the best-positioned companies to take information its learned from customers and use it to their benefit," according to a CNBC story. Doerr is confident Amazon CEO Jeff Bezos will "roll out an offering for medical and health products that resembles Amazon Prime, which has over 100M users," added CNBC.
JAX FNF

Hot Stocks

08:27 EDT J. Alexander's announces termination of consulting agreement with Black Knight - J. Alexander's Holdings (JAX) announced the termination of its Management Consulting Agreement with Black Knight Advisory Services and updated selected financial guidance relative to fiscal 2018 to reflect the impact of terminating the Consulting Agreement. On November 30, 2018, the Company terminated its Consulting Agreement with Black Knight, which had been entered into in September 2015, in connection with the Company's separation from Fidelity National Financial (FNF) .Pursuant to the termination provisions of the Consulting Agreement, the termination of the Consulting Agreement will require a cash payment of $4,560,000 to Black Knight that will eliminate the Company's obligation to pay Black Knight 3.0% of the Company's Adjusted EBITDA for the remaining 6.8 year term of the Consulting Agreement. The Company will also be required to make a separate cash payment of approximately $700,000 to Black Knight for the pro-rata portion of the 2018 consulting fee. These obligations will be paid in early 2019 through the use of cash on hand. In accordance with the terms of the Consulting Agreement and the 2015 Unit Grant Agreement, also entered into in connection with the Spin-off and pursuant to which Black Knight was granted 1,500,024 Class B profits interest units of the Company's operating subsidiary, J. Alexander's Holdings, Black Knight has 90 days from the Consulting Agreement termination date of November 30, 2018 to exercise its exchange rights relative to the fully-vested profits interest units it holds. Under the Grant Agreement, the profits interest units may be exchanged by Black Knight for shares of the Company's common stock if the market capitalization of the Company exceeds a hurdle amount of approximately $151,052,000 at the time of exchange. The number of shares of Company common stock issuable on exchange will be determined in accordance with the terms of the Grant Agreement and the J. Alexander's Holdings operating agreement. Should the rights not be exercised during the 90-day window, the profits interest units will expire unexercised. In any event, no further shares can be issuable pursuant to the Grant Agreement following the 90-day window. For more information relative to this transaction, see the Company's Current Report on Form 8-K filed on November 30, 2018. For more information relative to the profits interest units held by Black Knight, see the Grant Agreement and the Second Amended and Restated Limited Liability Company Agreement of J. Alexander's Holdings, LLC, copies of which have been previously filed by the Company with the Securities and Exchange Commission.
FATE

Hot Stocks

08:22 EDT Fate Therapeutics announces FDA acceptance of FT500 IND - Fate Therapeutics announced that the FDA has allowed its investigational new drug, or IND, Application for FT500, the company's universal, off-the-shelf natural killer, or NK, cell product candidate derived from a clonal master induced pluripotent stem cell, or iPSC, line. The clinical trial of FT500 is expected to be the first-ever clinical investigation in the U.S. of an iPSC-derived cell product. The company plans to initiate first-in-human clinical testing of FT500 in combination with checkpoint inhibitor therapy for the treatment of advanced solid tumors. This study is expected to evaluate the safety and tolerability of multiple doses of FT500, in multiple dosing cycles with nivolumab, pembrolizumab or atezolizumab, in subjects that have progressed or failed on checkpoint inhibitor therapy.
INSP

Hot Stocks

08:17 EDT Inspire Medical announces publication of ADHERE data - Inspire Medical announced the publication of data from the first 508 Inspire therapy patients included in the 2,500-patient ADHERE registry. The data demonstrated that Inspire therapy is an effective treatment option with high patient satisfaction and low adverse events. These results represent the largest international data set for Inspire therapy generated to date. Key results highlighted in the publication included. Key results highlighted in the publication included: substantial reduction in OSA severity in response to Inspire therapy, patients used Inspire an average of 5.7 hours per night after 12 months and positive rates of patient-reported response to therapy experience.
CZZ

Hot Stocks

08:12 EDT Cosan commences tender offer to repurchase up to $100M of Class A shares - Cosan announced that it has commenced a tender offer to purchase up to $100M of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.30 nor less than U.S.$8.88 per share or (ii) at the purchase price determined in accordance with the tender offer. The NYSE closing price of the shares on November 29, 2018, the last full trading day before the commencement of the tender offer, was U.S.$8.09 per share. When the tender offer expires, Cosan will determine the lowest price per share within the range of prices specified above that will enable it to purchase the maximum number of shares having an aggregate purchase price not exceeding $100M. All shares purchased in the tender offer will be purchased at the same price. All shares tendered at prices higher than the purchase price will be promptly returned to shareholders. If the tender offer is fully subscribed, Cosan would repurchase between 7.2% and 7.6% of its issued and outstanding shares as of November 30, 2018, depending on the purchase price payable in the tender offer. The tender offer will expire at 11:59 p.m., New York City time, on December 28, 2018, unless extended by Cosan.
CZZ

Hot Stocks

08:10 EDT Cosan commences tender offer to repurchase up $100M of Class A shares - Cosan announced that it has commenced a tender offer to purchase up to $100M of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.30 nor less than U.S.$8.88 per share or (ii) at the purchase price determined in accordance with the tender offer. The NYSE closing price of the shares on November 29, 2018, the last full trading day before the commencement of the tender offer, was U.S.$8.09 per share. When the tender offer expires, Cosan will determine the lowest price per share within the range of prices specified above that will enable it to purchase the maximum number of shares having an aggregate purchase price not exceeding $100M. All shares purchased in the tender offer will be purchased at the same price. All shares tendered at prices higher than the purchase price will be promptly returned to shareholders. If the tender offer is fully subscribed, Cosan would repurchase between 7.2% and 7.6% of its issued and outstanding shares as of November 30, 2018, depending on the purchase price payable in the tender offer. The tender offer will expire at 11:59 p.m., New York City time, on December 28, 2018, unless extended by Cosan.
ETRN...

Hot Stocks

08:09 EDT Equitrans Midstream to acquire EQGP Holdings for $20.00 per unit in cash - Equitrans Midstream Corporation (ETRN) announced that it has entered into definitive purchase agreements with certain unitholders of EQGP Holdings (EQGP) to acquire limited partner interests in EQGP for $20.00 per unit in cash, which is a 17.5% premium to the EQGP closing market price as of November 29, 2018. The Private Purchases are expected to close on or about December 31, 2018, after which ETRN and its affiliates will own more than 95% of the outstanding EQGP Common Units. Upon closing of the Private Purchases, ETRN intends to exercise the Limited Call Right under EQGP's partnership agreement to acquire all remaining EQGP Common Units not then owned by ETRN and its affiliates. If the Limited Call Right is exercised, the remaining holders of EQGP Common Units will receive at least the same cash price per unit that will be paid in the Private Purchases. The Limited Call Right is expected to close in January 2019 and will be a taxable transaction for EQGP unitholders. ETRN intends to use the cash proceeds from a newly issued Term Loan B to finance the Private Purchases and the purchases pursuant to the Limited Call Right. ETRN has secured committed financing in support of these purchases. ETRN also announced that it has made a proposal to EQM Midstream Partners (EQM) for the exchange of its incentive distribution rights and the economic general partner interest in EQM for 95 million units in EQM and a non-economic general partner interest in EQM, subject to the closing of the Private Purchases and completion of the Limited Call Right. ETRN expects that a portion of the units received will be in the form of Payment-In-Kind Units. The PIK Units would receive distributions in the form of additional PIK Units and would convert on a one-to-one basis into common units representing limited partner interests in EQM at a date to be determined. Final terms of the Proposed IDR Transaction are subject to negotiation with the board of directors of EQM's general partner or its conflicts committee, and assuming an agreement is reached, ETRN expects that the Proposed IDR Transaction would close in the first quarter of 2019. Upon completion of the Private Purchases, the Limited Call Right, and the Proposed IDR Transaction, ETRN will have accomplished a full simplification of EQGP and EQM, resulting in a projected 61% ownership of EQM. Additionally, EQM will be the only publicly traded partnership under ETRN and is expected to benefit from the elimination of the IDR burden, as well as stronger coverage and balance sheet metrics. Highlights: The proposed transactions would not result in a distribution cut for EQM unitholders; Targeting 6% - 8% annual distribution growth beginning in 2019; 2019 distribution coverage in excess of 1.0x; Long-term distribution coverage target in excess of 1.2x beginning in 2020; Long-term debt to EBITDA target of 3.5x - 4.0x beginning in 2020; PIK Units will provide balance sheet and coverage support; Improves cost of capital; No equity issuance is required to fund capital projects for the next several years; Reduces corporate overhead associated with the elimination of a publicly traded entity. ETRN expects that the EQM Conflicts Committee will review the Proposed IDR Transaction. Unitholder voting is not required in connection with the Private Purchases, the exercise of the Limited Call Right, or the Proposed IDR Transaction.
RIBT

Hot Stocks

08:08 EDT RiceBran sees Golden Ridge operations adding $20M in revenue in 2019 - RiceBran Technologies announced the completion of its acquisition of the assets and operations of Golden Ridge Rice Mills' rice milling and rice bran stabilization facility in Wynne, AR. The company expects Golden Ridge to add approximately $20M in revenue and EBITDA in 2019. The Golden Ridge operations encompass nearly 32 acres with approximately 75% of its land available for expansion. Total consideration for the Golden Ridge acquisition was approximately $7.8M, consisting of the issuance of 1,666,667 shares of RiceBran Technologies common stock, the retirement of approximately $2.2M of debt at the time of closing, and the assumption of approximately $600,000 of debt. RBT also intends to implement some minor near-term Cap Ex projects to expand capacity that, upon completion, are expected to increase EBITDA at Golden Ridge by as much as 30%.
LUB

Hot Stocks

08:06 EDT Luby's says 'surprised' by Bandera Partners' nominations - Luby's confirmed that it has received notice on behalf of Bandera Partners and certain of its affiliates that it intends to nominate up to six candidates for election to Luby's Board of Directors at the 2019 Annual Meeting of Shareholders. Luby's issued the following statement: "Luby's Board is in the process of reviewing Bandera's nomination notice consistent with its fiduciary duties. The Luby's Board and management team are committed to acting in the best interests of the Company and its shareholders. We are always open to constructive ideas regardless of their source and will carefully consider Bandera's candidates as we would any other potential directors to assess their ability to add value to the Board for the benefit of all shareholders. Luby's notes that the Company was surprised by Bandera's nominations. Bandera approached the Company only a few days prior to the nomination deadline and demanded that the Board replace one third of the directors and appoint Jeff Gramm, his father Sen. Phil Gramm, and one of Bandera's close business associates to the Board. Even though the Board extended the nomination deadline to allow for constructive discussions, Bandera gave the Board only 48 hours to agree to their demands. The Company informed Bandera that 48 hours was an insufficient time for a public company board to commit to appointing three candidates whom the Board had not met and whose biographies they had not had an opportunity to carefully review and discuss. Christopher Pappas and Harris Pappas and the entire Board continue to support the Company's strategy and plans as have been previously disclosed. In furtherance of this support, each Luby's director has irrevocably committed to vote their shares in the Company in accordance with the recommendations of the Board at the 2019 Annual Meeting of Shareholders. The Board will review and consider Bandera's nomination notice and make a formal recommendation regarding director nominees in the Company's definitive proxy statement and other materials, to be filed with the Securities and Exchange Commission and mailed to all shareholders eligible to vote at the 2019 Annual Meeting of Shareholders. Shareholders are not required to take any action at this time."
HSKA

Hot Stocks

08:04 EDT Heska announces acquisition of certain Cuattro assets - Heska announced that its Heska Imaging subsidiary reached agreement with Cuattro to purchase certain software and related assets and to terminate the related license and supply agreements between Heska Imaging and Cuattro. The related license and supply agreements were originally agreed to as part of the Company's 2013 acquisition of a majority interest in Cuattro Veterinary USA, LLC, a predecessor entity to Heska Imaging. The Company's CEO and President, Kevin Wilson, and related family persons or entities own a 100% interest in Cuattro. The aggregate purchase price of the Software is $8.2M, consisting of $2.75M in cash and 54,763 shares of Heska's common stock. The company expects the required closing conditions to be met and the Transactions to close prior to the end of 2018.
ESND

Hot Stocks

08:02 EDT Essendant, Staples announce extension of tender offer for Essendant shares - Staples and Essendant announced that, pursuant to the Merger Agreement, Egg Merger Sub and Egg Parent, affiliates of Staples, have extended the expiration time of the previously announced tender offer for all outstanding shares of Essendant's common stock to 6:00 p.m., New York City time, on December 4, 2018, unless the tender offer is further extended in accordance with the Agreement and Plan of Merger, dated as of September 14, 2018, by and among Essendant, Staples, Egg Parent and Egg Merger Sub. The tender offer was previously scheduled to expire at 6:00 p.m., New York City time, on November 29, 2018. The tender offer is being made pursuant to the Merger Agreement. Egg Merger Sub and Egg Parent expect the tender offer will be consummated promptly following the expiration time, subject to the satisfaction of the remaining closing conditions.
TCBK

Hot Stocks

08:02 EDT TriCo Bancshares raises quarterly dividend by 12% to 19c per share - The board of TriCo Bancshares, parent company of Tri Counties Bank, declared a quarterly cash dividend of 19c per share on November 28. This represents an increase of approximately 12% over the previous quarterly cash dividend. The dividend is payable on December 28, 2018 to holders of record as of December 14.
GD

Hot Stocks

08:01 EDT General Dynamics European Land Systems acquires FWW Fahrzeugwerk GmbH - General Dynamics European Land Systems announced the acquisition of FWW Fahrzeugwerk GmbH, a qualified maintenance and service provider for the German Army and other international customers. FWW will become part of the newly-established General Dynamics European Land Systems - Deutschland, located in Berlin.
SLG

Hot Stocks

07:41 EDT SL Green Realty announces $500M increase to share repurchase program - SL Green Realty announced that the company's board has authorized an increase to the size of its share repurchase program by an additional $500M of the company's common stock, bringing the program to a total of $2.5B. To date, the company has repurchased 18,087,322 shares under the program. In addition, the company has redeemed 445,517 units of the company's Operating Partnership in connection with real estate transactions.
EDIT AGN

Hot Stocks

07:38 EDT Editas Medicine announces FDA acceptance of EDIT-101 IND, earns Allergan payment - Editas Medicine (EDIT) announced the FDA has accepted the company's investigational new drug, or IND, application for EDIT-101, an experimental CRISPR genome editing medicine being investigated for the treatment of Leber Congenital Amaurosis type 10, or LCA10. With the IND acceptance, Editas Medicine has earned a $25M milestone payment from Allergan (AGN) as part of the alliance between the companies to discover and develop experimental ocular medicines targeting serious, vision-threatening diseases. Editas Medicine and its partner, Allergan Pharmaceuticals International, a wholly-owned subsidiary of Allergan, expect to enroll 10 to 20 patients in a Phase 1/2 open label, dose escalation study to evaluate the safety, tolerability, and efficacy of EDIT-101.
SLG

Hot Stocks

07:38 EDT SL Green announces milestones to develop mixed-use affordable NY building - SL Green Realty announced the completion of two major milestones to commence the vertical construction of 185 Broadway, a ground-up, 31-story, 260,000 gross square foot mixed-use building in the heart of Lower Manhattan: The acquisition of 66,186 zoning square feet of development rights from the owner of the adjacent corner lot located at 189 Broadway. Through this transaction, SL Green also obtained a light and air easement and cantilever right over 189 Broadway for the purpose of permitting lot line windows and maximizing efficient residential floor plates. SL Green recently closed on $225M of construction financing for 185 Broadway with United Overseas Bank Limited and Helaba. The floating rate facility has a term of three years, with two one-year extension options. Upon completion, the building will include approximately 209 rental units, of which thirty percent of the units will be affordable, with a mixture of studio, one-bedroom, two-bedroom and three-bedroom units. The project will enroll in the Affordable New York Housing Program, and, as a result, will receive a 35-Year property tax abatement. Demolition of three parcels - 183 Broadway, 187 Broadway and 5-7 Dey Street - has been completed. SL Green plans to complete foundations in December 2019, and receive a Temporary Certificate of Occupancy for the building in March 2021. Architecture firm, FX Collaborative, will design 185 Broadway, which will wrap around the corner of Broadway and Dey Street across from the Fulton Transit Center. Two floors of flagship retail and three floors of commercial space will be created, each with dedicated entrances on Broadway and Dey Street, respectively.
NEOS

Hot Stocks

07:35 EDT Neos Therapeutics CCO resigns, announces realignment of ADHD products - Neos Therapeutics announced that it completed a strategic assessment of its commercial business and is realigning its commercial organization for its attention deficit hyperactivity disorder, or ADHD, products Adzenys XR-ODT, Cotempla XR-ODT and Adzenys-ER in order to accelerate its path to profitability. In connection with this realignment, Neos also announced that its CCO, Thomas McDonnell, resigned upon mutual agreement with the company effective immediately. Additionally, the company has approved a plan to realign its sales force with the goal of better focusing on those territories and physician targets that have the highest potential to support the long-term growth and profitability of its ADHD business.
VET

Hot Stocks

07:30 EDT Vermilion Energy assumes operatorship of the Corrib Project - Vermilion Energy is pleased to announce the completion of the sale of Shell Overseas Holdings Limited's 45% interest in the Corrib Natural Gas Project in Ireland to Nephin Energy Holdings Limited, a wholly owned subsidiary of Canada Pension Plan Investment Board, and the transfer of operatorship to Vermilion. NEHL has acquired 100% of Shell E&P Ireland Limited, which holds 45% interest in Corrib. Effective immediately, Vermilion has assumed contract operatorship of Corrib on behalf of the joint venture partners. CPPIB plans to transfer SEPIL along with a 1.5% working interest to Vermilion. This transfer has received all required government approvals and is expected to be completed in the coming weeks. The estimated purchase price after interim period adjustments is approximately EURO$6M. Following the transfer to Vermilion, ownership in Corrib will be as follows: Vermilion will hold a 20% operated interest. NEHL will hold a 43.5% non-operated interest. Equinor continues to hold a 36.5% non-operated interest. Vermilion's incremental 1.5% ownership of Corrib represents approximately 700 boe/d at current production rates and approximately 1.8 million boe of 2P reserves based on an independent evaluation by GLJ Petroleum Consultants Ltd. with an effective date of December 31, 2017. Based on a final purchase price of EURO$6M, the transaction metrics are estimated at approximately $13,000 per boe per day, $5.05 per boe of proved plus probable reserves including future development capital generating a 2P recycle ratio of 9.4 times based on projected 2018 netbacks, and 0.7 times estimated 2018 operating cash flow using the current forward commodity strip. Vermilion expects the acquisition to be accretive for all pertinent per share metrics including production, fund flows from operations, reserves and net asset value. In addition, Vermilion expects to receive approximately EURO$13M of net working capital with the transfer of SEPIL. Following the assumption of operatorship of Corrib, Vermilion estimates that it will operate 89% of its global production base as compared to 81% prior to the transaction.
LH

Hot Stocks

07:05 EDT LabCorp down about 5% after lowering FY18 guidance - In pre-market trading, shares are down 4.83% to $154.00.
SBLK

Hot Stocks

07:05 EDT Star Bulk Carriers to cancel common shares repurchased - Star Bulk Carriers announced that, pursuant to the company's previously announced share repurchase program, the company purchased yesterday 49,964 of its common shares in open market transactions at an average price of $9.75 for aggregate consideration of $486,914. The company shall cancel all the common shares it has repurchased.
TREC CE

Hot Stocks

07:02 EDT Trecora Resources CEO Simon Upfill-Brown to resign, Patrick Quarles to succeed - The Board of Directors of Trecora Resources (TREC) announced that Patrick Quarles has been appointed President and CEO. Quarles will be replacing Simon Upfill-Brown who has announced his plans to resign from the position to pursue other opportunities, effective Monday, December 3, 2018. Quarles will continue to serve as a member of the Board. Quarles joined Trecora's Board in September of this year, and he brings over 25 years of experience in the petrochemical industry. Most recently, Quarles served as Executive Vice President and President, Acetyl Chain and Global Supply Management at Celanese (CE).
TREC

Hot Stocks

07:01 EDT Trecora Resources appoints Patrick Quarles as CEO - The board of Trecora Resources announced that Patrick Quarles has been appointed president and CEO. Quarles will be replacing Simon Upfill-Brown who has announced his plans to resign from the position to pursue other opportunities, effective Monday, December 3. Quarles will continue to serve as a member of the board.
LH

Hot Stocks

07:00 EDT LabCorp cuts FY18 diagnostics revenue growth view to 2.1%-2.5% from 3%-3.5%
LH

Hot Stocks

06:59 EDT LabCorp cuts FY18 free cash flow view to $940M-$980M from $975M-$1.025B
LH

Hot Stocks

06:56 EDT LabCorp cuts FY18 outlook
ASM SSNLF

Hot Stocks

06:54 EDT Avino Silver & Gold Mines, Samsung extend $6.67M prepayment agreement - Avino Silver & Gold Mines (ASM) announced that the concentrates prepayment agreement with Samsung (SSNLF) C&T U.K. originally announced on July 9, 2015, as amended, has been further extended for repayment of the balance of the principal amount of $6.67M to Samsung over a two year period starting October 2019, in return for exclusive concentrate deliveries. Pursuant to a new amending agreement, Avino will sell concentrates on an exclusive basis to Samsung until December 2024. Samsung has previously advanced to Avino a term facility in the sum of $10M for such concentrates, of which Avino has repaid $3.33M for a net amount owing of $6.667M and the Facility will be repaid with interest from Avino's future shipments of concentrates. There will be a 12-month deferral period from October 2018 through and including September 2019, during which there are no repayments of principal. Avino will then repay the balance with interest by 23 equal monthly installments of $277,777, commencing October 2019 and ending August 2021, followed by a single and final payment of $277,799 in September 2021. Interest on the facility is payable monthly at LIBOR plus 6.75% during the first 12-month deferral period. Other material terms of the Facility remain unchanged. The company's payment of all amounts owing to Samsung is secured by a pledge to Samsung of all of Avino's common shares in Bralorne Gold Mines as collateral. Bralorne Gold Mines owns the Bralorne property located near Gold Bridge, B.C.
CTRN

Hot Stocks

06:46 EDT Citi Trends announces new $25M share repurchase program - During the third quarter, the company completed the $25M stock repurchase program that had been authorized by the company's Board of Directors on March 16, 2018. As the next step in the company's expanded capital return program announced in April 2017, the company's Board of Directors today announced the authorization of another $25M share repurchase program, which the company expects to fund from cash on hand.
HIL MIC

Hot Stocks

06:31 EDT Hill International names Todd Weintraub as CFO, effective immediately - Hill International (HIL) announced the appointment of Todd Weintraub, CPA, as Senior Vice President and CFO, effective immediately. Weintraub brings nearly 30 years of financial leadership and analysis experience to Hill, including serving as CFO, Corporate Controller, Director of Accounting, and Accounting Manager for six publicly traded companies. Most recently, Weintraub worked with CFO Outsource, LLC, and prior to that, spent 10 years with Macquarie Infrastructure Corporation (MIC) in New York, serving as CFO for 7 years.
MAR

Hot Stocks

06:28 EDT Marriott down 5.6% after announcing data breach
DNKN

Hot Stocks

06:27 EDT Dunkin' informs some DD Perks accounts of third-party security breach - Dunkin Brands sent a letter to some DD Perks account holders with "information regarding a recent incident." The letter states, "Although Dunkin' did not experience a data security breach involving its internal systems, we've been informed that third-parties obtained usernames and passwords through other companies' security breaches and used this information to log into some Dunkin' DD Perks accounts. One of these may have been your account and we want you to know what happened, as well as the steps we are taking to protect your personal information." On October 31, Dunkin' learned from one of its security vendors that a third-party may have attempted to log in to some DD Perks accounts. Dunkin' believes these third-parties obtained usernames and passwords from security breaches of other companies. "These individuals then used the usernames and passwords to try to break in to various online accounts across the Internet. Our security vendor was successful in stopping most of these attempts, but it is possible that these third-parties may have succeeded in logging in to your DD Perks account if you used your DD Perks username and password for accounts unrelated to Dunkin'," says the company. It added that it "immediately launched an internal investigation and have been working with our security vendor to remediate this event and to help prevent this kind of event from occurring in the future." Reference Link
MAR

Hot Stocks

06:17 EDT Marriott data breach impacts 327M guests, includes address, passport number - Marriott says for approximately 327M of these guests, the information includes some combination of name, mailing address, phone number, email address, passport number, Starwood Preferred Guest account information, date of birth, gender, arrival and departure information, reservation date, and communication preferences.
LITB

Hot Stocks

06:10 EDT LightInTheBox appoints KPMG as independent registered public accounting firm - LightInTheBox announced that effective immediately, the company engaged KPMG Huazhen as the company's independent registered public accounting firm, to replace Deloitte Touche Tohmatsu Certified Public Accountants. The change of the company's independent registered public accounting firm was approved by the audit committee and the board. There were no disagreements between the company and Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
ELY

Hot Stocks

06:08 EDT Callaway Golf to acquire Jack Wolfskin for approximately $476M - Callaway Golf announced that it has entered into an agreement to acquire Jack Wolfskin for approximately $476M, subject to certain purchase price adjustments. Jack Wolfskin is an outdoor apparel, footwear and equipment brand. The company designs products targeted at the active outdoor and urban outdoor customer categories. Jack Wolfskin had net sales of $380M in FY18, based on preliminary unaudited results provided by Jack Wolfskin. Jack Wolfskin provides over 3,000 points of sale globally, including wholesale, company-owned retail and franchised retail stores. Post transaction, Jack Wolfskin will continue to operate out of its headquarters located in Idstein, Germany. The $476M purchase price values Jack Wolfskin at a multiple of approximately 12 times its FY18 adjusted EBITDA of $40M. FY19 net sales are estimated to be flat compared to prior year, but are expected to accelerate to mid-single digit growth over the mid- to long-term. FY19 adjusted EBITDA, excluding purchase accounting adjustments, is estimated to be approximately $33M, a decrease compared to the prior year as a result of incremental investments to build long-term sustainable growth as well as projected cost of living increases. The investments would include investments in design, marketing and infrastructure to allow for growth in Jack Wolfskin's core business as well as future expansion into new regions. Jack Wolfskin's EBITDA is estimated to reach $50M in 3-4 years, with long-term EBITDA margins forecasted to be accretive to Callaway's current EBITDA margins. Full year non-GAAP EPS is estimated to be 6c dilutive in year one and accretive in year two. Non-GAAP EPS excludes non-recurring transaction costs, amortization of financing fees, and incremental non-cash expense resulting from the purchase accounting adjustments. Full year GAAP EPS is expected to be 25c-35c dilutive in year one and approximately neutral in year two. The acquisition is expected to close in the first quarter of 2019, subject to regulatory approvals and other customary closing conditions. Callaway intends to finance the transaction with a $476M term loan facility.
TM PUGOY

Hot Stocks

06:07 EDT Toyota to buy out PSA stake in joint Czech Republic factory - Toyota Motor (TM) and Groupe PSA (PUGOY) announced the next chapter of their long-term partnership in the European market. Specifically, the companies have agreed the following: From end 2019, PSA will expand the range of commercial vehicles supplied to Toyota Motor Europe NV/SA for sale in Europe under the Toyota brand by supplying TME with a C-Van from its Vigo plant in Spain. The aim of the deepening collaboration is for both companies to use their respective strengths to offer both compact and mid-size light commercial vehicles in Europe, benefiting from development and production cost optimisation. Toyota will participate in the development and industrial investment costs for the future light-commercial vehicle. From January 2021, Toyota will take financial ownership of the Toyota Peugeot Citroen Automobile Czech s.r.o. plant in Kolin, the manufacturing joint venture that produces the compact A-segment models. The plant will become a subsidiary of TME, joining the seven other plants Toyota already operates in Europe. The Kolin plant will continue to produce the current generation compact A-segment models for the two companies. Toyota intends to continue production and employment in the future at the Kolin plant.
MAR

Hot Stocks

06:04 EDT Marriott announces Starwood guest reservation database security incident - Marriott has taken measures to investigate and address a data security incident involving the Starwood guest reservation database. On November 19, the investigation determined that there was unauthorized access to the database, which contained guest information relating to reservations at Starwood properties* on or before September 10. On September 8, Marriott received an alert from an internal security tool regarding an attempt to access the Starwood guest reservation database in the United States. Marriott quickly engaged leading security experts to help determine what occurred. Marriott learned during the investigation that there had been unauthorized access to the Starwood network since 2014. The company recently discovered that an unauthorized party had copied and encrypted information, and took steps towards removing it. On November 19, Marriott was able to decrypt the information and determined that the contents were from the Starwood guest reservation database. The company has not finished identifying duplicate information in the database, but believes it contains information on up to approximately 500 million guests who made a reservation at a Starwood property. For approximately 327M of these guests, the information includes some combination of name, mailing address, phone number, email address, passport number, Starwood Preferred Guest, or SPG, account information, date of birth, gender, arrival and departure information, reservation date, and communication preferences. For some, the information also includes payment card numbers and payment card expiration dates, but the payment card numbers were encrypted using Advanced Encryption Standard encryption, or AES-128. There are two components needed to decrypt the payment card numbers, and at this point, Marriott has not been able to rule out the possibility that both were taken. For the remaining guests, the information was limited to name and sometimes other data such as mailing address, email address, or other information. Marriott reported this incident to law enforcement and continues to support their investigation. The company has already begun notifying regulatory authorities. "We deeply regret this incident happened," said Arne Sorenson, Marriott's president and CEO. "We fell short of what our guests deserve and what we expect of ourselves. We are doing everything we can to support our guests, and using lessons learned to be better moving forward. Today, Marriott is reaffirming our commitment to our guests around the world. We are working hard to ensure our guests have answers to questions about their personal information, with a dedicated website and call center. We will also continue to support the efforts of law enforcement and to work with leading security experts to improve. Finally, we are devoting the resources necessary to phase out Starwood systems and accelerate the ongoing security enhancements to our network," Sorenson continued.
KW

Hot Stocks

06:03 EDT Kennedy Wilson sells 260-unit Bay Village Apartments in Vallejo, California - Kennedy Wilson announced the sale of the Bay Village Apartments in the San Francisco suburb of Vallejo, California. Kennedy Wilson had a 50% ownership in the 260-unit property that was acquired alongside a joint-venture partner in 2010. Since 2010, Kennedy Wilson increased net operating income at Bay Village by 121%, resulting in a pre-tax gain on sale of $20M to Kennedy Wilson.
KL

Hot Stocks

06:02 EDT Kirkland Lake Gold hikes Fosterville Mine production view to over 330,000 ounces - Kirkland Lake Gold announced that the company's Fosterville Mine is on track for record quarterly production in the fourth quarter of 2018, with full-year 2018 production now expected to exceed 330,000 ounces versus current guidance of 300,000 - 310,000 ounces. Fosterville's strong Q4 2018 performance largely reflects higher than expected grades and the advancement of two additional stopes from the high-grade Swan Zone into the mine's Q4 2018 production plan. Based on the improved outlook for Fosterville, the company now anticipates that full-year 2018 consolidated production will exceed the current target range of 655,000 - 670,000 ounces. On a quarter-to-date basis, the mill grade at Fosterville in Q4 2018 has averaged over 35.0 grams per tonne, well above target levels for the quarter. The outperformance largely relates to increased operating development activity around the Swan Zone and higher than planned grades from development tonnes processed. In addition, recent stope production from both the Swan and Eagle zones achieved substantially higher than expected grades. With increased operating development metres being completed, the Company has added two Swan Zone stopes to the mine plan for Q4 2018, which is also expected to contribute to increased levels of production.
CRM

Hot Stocks

06:02 EDT Salesforce plans to add 1,000 new jobs in Salesforce Tower Chicago - Salesforce announced Salesforce Tower Chicago, significantly expanding the company's regional headquarters in Chicago. As part of the expansion, Salesforce plans to add 1,000 new jobs locally, over the next five years, helping fuel the city's economic development. Salesforce employees will start moving into the Salesforce Tower Chicago upon completion which is slated for 2023.
HIMX

Hot Stocks

05:31 EDT Himax chairman to purchase about $5M of shares - Himax Technologies announced that its chairman Dr. Biing-Seng Wu intends to use his personal funds to purchase up to approximately $5M of the company's American Depositary Shares in the open market, subject to market conditions and other factors. As of September 30, 2018, Dr. Biing-Seng Wu beneficially owns approximately 20.7% of the total outstanding shares of the company.
ECL

Hot Stocks

05:16 EDT Ecolab offers to acquire Bioquell for 590 pence per share - Ecolab has made an offer to acquire Bioquell. Headquartered in Andover, U.K., Bioquell's 2017 sales were approximately GBP 29M. Under the terms of Ecolab's offer, Bioquell shareholders will receive 590 pence per share.
CYAD

Hot Stocks

05:14 EDT Celyad doses first mCRC patient in Phase 1 alloSHRINK trial - Celyad announced the injection of the first patient in the Phase 1 alloSHRINK trial evaluating the company's non-gene edited allogeneic CAR-T therapy, CYAD-101, administered concurrently with FOLFOX chemotherapy in the treatment of patients with unresectable metastatic colorectal cancer.