Stockwinners Market Radar for March 05, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

19:28 EDT Home Depot EVP Ann Marie Campbell sells 5.45K shares of common stock - In a regulatory filing, Home Depot Executive Vice President Ann Marie Campbell disclosed a sale of 5.45K shares of common stock on March 5th. The total transaction size was $1.01M.

19:02 EDT Northern Trust Asset Management, MFG Asset Management form Japan partnership - Northern Trust Asset Management has named Magellan Asset Management Limited, doing business as MFG Asset Management, as a sub-adviser to the recently launched Anchor MFG Global Equity Fund. This strategic partnership will provide institutional investors in Japan with exclusive access to Magellan's global equity strategy, the Magellan Global Plus Strategy. "We are delighted to be partnering with Northern Trust to bring our global equity strategy to Japanese investors," said Hamish Douglass, chairman and chief investment officer at MFG Asset Management. "Their long-term commitment and broad relationships, coupled with our firms' shared focus on delivering competitive risk-adjusted returns, present investors with a new opportunity to participate in a range of market cycles - and potentially protect capital in adverse market environments."

18:49 EDT Square's Capital Lead: Our default rate is approximately 4% - In an interview on CNBC's Mad Money, Square's Capital Lead, Jackie Reses, said: Our default rate is approximately 4%... We're proud of our default rates.

18:33 EDT BancorpSouth to acquire Florida based Summit Financial Enterprises - BancorpSouth Bank signed a definitive merger agreement with Summit Financial Enterprises, the parent company of Summit Bank, National Association, pursuant to which Summit will be merged with and into BancorpSouth Bank. Summit offers a comprehensive range of personal and business accounts, lending solutions, wealth management and investment services through its four offices located in Panama City, Panama City Beach, Fort Walton Beach and Pensacola, Florida. BancorpSouth currently has one full-service banking office in Miramar Beach, Florida, and one mortgage loan production office in Crestview, Florida. As of December 31, Summit, on a consolidated basis, reported total assets of $472M, total loans of $297M and total deposits of $402M. BancorpSouth Bank will issue 2.5 million shares of BancorpSouth Bank common stock, plus $20M in cash, for all outstanding shares of Summit Financial Enterprises capital stock. The terms of the agreement provide for a collar with respect to the total deal value ranging from $95.0M to $107.5M.

18:22 EDT Intuitive Surgical CEO: We are excited about our expansion in China - In an interview on CNBC's Mad Money, Intuitive Surgical CEO Gary Guthart said: I think we are quite well positioned... We are very interested in helping the Chinese healthcare market, but right now we are supply-constrained... We are excited about our expansion in China and expect to make a difference there.

18:16 EDT Reliance Steel's Mollins sells nearly 50,000 common shares - In a regulatory filing, Reliance Steel director Gregg J. Mollins disclosed the sale of 49,290 common shares of the company in two transactions. The first transaction of 30,096 shares was sold at a price of $89.23 per share on March 1, while the second transaction of 19,194 shares was sold at a price of $89.51 per share on March 4.

17:46 EDT Q2 Holdings director Jeffrey Diehl sells almost $5M in company stock - Q2 Holdings director Jeffrey Diehl disclosed in a filing that he had sold 65,713 shares of company stock at an average price of $71.36 per share on March 1. The total transaction value of the sale was $4,688,984.

17:44 EDT Vivint Solar reports 63MWs booked and 54MW installed in Q4

17:39 EDT AeroVironment reports Q3 backlog $132.5M vs. $113.3M last year - Reports Q3 gross margin 40.3% vs 33.4% last year. CEO Wahid Nawabi says: "We continue to advance our growth portfolio, including exercising the one-time option to increase our ownership of the HAPSMobile, Inc. joint venture from 5% to 10%. AeroVironment has a strong track record of transforming high-potential innovations and technologies into significant value, and we are excited about realizing the full potential of HAPSMobile and our other growth initiatives."

17:21 EDT Urban Outfitters sees FY19 CapEx roughly $260M

17:18 EDT Heritage-Crystal Clean reports Q4 operating margin 16.1% vs. 20.4% last year

17:03 EDT HarborOne Bancorp adopts plan of conversion for second-step offering - HarborOne Bancorp has adopted a Plan of Conversion pursuant to which the company will reorganize into a fully public stock holding company structure and will conduct a second-step stock offering of new shares of common stock. As part of the conversion, the Bank will become a wholly-owned subsidiary of a new holding company, which will also be named HarborOne Bancorp. Shares of company common stock held by persons other than the MHC will be converted into shares of common stock of the new holding company pursuant to an exchange ratio designed to preserve the approximate percentage ownership interests of such persons. Shares of company common stock owned by the MHC will be canceled and the amount of the MHC's ownership interest in the company will be sold through the second-step stock offering. Depositors of the Bank with qualifying deposits as of February 28 will have first priority to purchase the new shares of common stock.

16:49 EDT Ambarella jumps over 7% after reporting quarterly results, guidance - Shares of Ambarella are up 7.3% or $3.00 per share to $43.50 in after-hours trading.

16:45 EDT United Natural Foods reports Q2 adjusted EBITDA $142.6M - Adjusted EBITDA for the second quarter of fiscal 2019 was $142.6M compared to $79.8M for the second quarter of fiscal 2018. The increase was predominantly driven by the addition of SUPERVALU.

16:43 EDT DBV Technologies COO Charles Ruban to leave company on March 15 - DBV Technologies announced that Charles Ruban, Chief Operating Officer, who oversees regulatory, product development and commercial operations, will be leaving the company to pursue new opportunities effective March 15. Laurent Martin, Chief Development Officer, will leave his regulatory and product development role effective March 15. However, Laurent will remain at DBV as Pharmacien Responsable in accordance with applicable regulations in France while a search for a replacement is planned. DBV "believes these changes in leadership will flatten the organizational structure to support its evolution from a late-stage research and development company into a potentially commercial-stage company." Effective immediately, Kevin Trapp, Chief Commercial Officer, will report to Daniel Tasse, Chief Executive Officer. In addition, Laurent Martin's primary responsibilities have been assumed by Julie O'Neill, DBV's manufacturing and operations leader, who oversees product development, manufacturing, supply chain, quality assurance, and end-to-end process optimization at the company.

16:38 EDT Gilead announces departure of Alessandro Riva, MD, EVP, Oncology Therapeutics - Gilead Sciences announced that Alessandro Riva, MD, Executive Vice President, Oncology Therapeutics, has decided to leave the company to pursue another opportunity. Dr. Riva will remain at Gilead through the end of the month. The company has commenced a search for his successor.

16:34 EDT Chesapeake Utilities promotes Beth Cooper EVP CFO - Chesapeake Utilities announced several recent promotions and new officer appointments. "Our Company's strong foundation for growth is directly attributable to the hard work and dedication of our employees," said Jeff Householder, President and Chief Executive Officer of Chesapeake Utilities Corporation. "These promotions better position the Company for future growth and these leaders have demonstrated a constant commitment to serve our employees, customers, communities and other external stakeholders." Beth W. Cooper has been promoted to Executive Vice President, CFO and Assistant Corporate Secretary of Chesapeake Utilities Corporation. Ms. Cooper provides financial oversight over the entire organization and works directly with the Board of Directors including the Audit Committee, senior management, the Company's business units and key external constituents. Over the last ten years, she has led the Finance organization through the greatest period of growth in the Company's history. Ms. Cooper joined Chesapeake in 1990. James F. Moriarty has been promoted to Executive Vice President, General Counsel, Corporate Secretary and Chief Policy and Risk Officer of Chesapeake Utilities Corporation. In addition to Mr. Moriarty's current responsibilities, he will lead the integration and provide oversight of the Regulatory and Governmental Affairs function across the Company. He currently provides legal counsel to the entire Chesapeake team, including the Board of Directors, senior leaders and business unit leaders, as well as on corporate governance matters.

16:30 EDT Vivint Solar expects 15% growth for MWs installed

16:27 EDT Thermo Fisher exec Herrema sells 3,299 common shares - In a regulatory filing, Thermo Fisher senior VP Gregory J. Herrema disclosed the sale of 3,299 common shares of the company at a price of $263.0539 per share.

16:25 EDT Horizon Pharma received civil investigative demand from Justice Department - Horizon Pharma disclosed that it received a civil investigative demand today from the United States Department of Justice pursuant to the Federal False Claims Act regarding assertions that certain of its payments to pharmacy benefit managers were potentially in violation of the Anti-Kickback Statute. The CID requests certain documents and information related to payments to pharmacy benefit managers, pricing and patient assistance program regarding Deuxis, Vimovo and Pennsaid 2%, Horizon disclosed in a regulatory filing. It added, "We intend to cooperate with the investigation. While we believe that our payments and programs are compliant with the Anti-Kickback Statute, no assurance can be given as to the timing or outcome of the DOJ's investigation, or that it will not result in a material adverse effect on our business."

16:18 EDT Tabula Rasa HealthCare acquires PrescribeWellness - Tabula Rasa HealthCare announced that it has acquired PrescribeWellness. PW generated revenue of $29.0M in 2018 and ended the year with annual recurring revenue of $32.0M.

16:16 EDT Bloomberg not running for president, to start 'Beyond Carbon' campaign - Michael Bloomberg announced that he's not running for president, but rather launching a new campaign called "Beyond Carbon." He explains, "First, I will expand my support for the Beyond Coal campaign so that we can retire every single coal-fired power plant over the next 11 years. That's not a pipe dream. We can do it. And second, I will launch a new, even more ambitious phase of the campaign - Beyond Carbon: a grassroots effort to begin moving America as quickly as possible away from oil and gas and toward a 100 percent clean energy economy. At the heart of Beyond Carbon is the conviction that, as the science has made clear, every year matters. The idea of a Green New Deal - first suggested by the columnist Tom Friedman more than a decade ago - stands no chance of passage in the Senate over the next two years. But Mother Nature does not wait on our political calendar, and neither can we." Reference Link

16:13 EDT Urban Outfitters reports Q4 comparable retail segment net sales up 3%

16:12 EDT Urban Outfitters reports Q4 comparable retail segment net sales up 3%

16:16 EDT Bloomberg not running for president, to start 'Beyond Carbon' campaign - Michael Bloomberg announced that he's not running for president, but rather launching a new campaign called "Beyond Carbon." He explains, "First, I will expand my support for the Beyond Coal campaign so that we can retire every single coal-fired power plant over the next 11 years. That's not a pipe dream. We can do it. And second, I will launch a new, even more ambitious phase of the campaign - Beyond Carbon: a grassroots effort to begin moving America as quickly as possible away from oil and gas and toward a 100 percent clean energy economy. At the heart of Beyond Carbon is the conviction that, as the science has made clear, every year matters. The idea of a Green New Deal - first suggested by the columnist Tom Friedman more than a decade ago - stands no chance of passage in the Senate over the next two years. But Mother Nature does not wait on our political calendar, and neither can we." Reference Link

16:11 EDT Urban Outfitters reports Q4 comparable retail segment net sales up 3%

16:10 EDT PlayAGS sees 2019 Adjusted EBITDA $160.0M-$164.0M - Expect 2019 capital expenditures $65.0M-$69.0M vs. $66.2M in 2018.

16:08 EDT InnerWorkings extends, expands partnership with Beam Suntory - InnerWorkings announced an extension and expansion of its ongoing relationship with Beam Suntory. Since 2015, InnerWorkings and Beam Suntory have partnered to build a global execution platform to provide enhanced service levels, creative support, innovation, and data insights leveraging InnerWorkings' VALO technology suite. The extension announced today tasks InnerWorkings with expanded geographic and category responsibilities through 2023.

16:04 EDT Ross Stores raises quarterly dividend 13% to 25.5c per share - Ross Stores said its board approved an increase in the quarterly cash dividend to 25.5c per share, up 13% over the prior year. This higher quarterly dividend is payable on March 29, 2019 to stockholders of record as of March 18, 2019.

16:03 EDT Endologix approves reverse stock split - Endologix previously announced that a proposal was approved at its Special Meeting of Stockholders, held February 22, 2019, authorizing its board to amend the company's certificate of incorporation to effect a reverse stock split of the company's issued and outstanding shares of common stock at a ratio not less than 1-for-5 and not greater than 1-for-10, with the exact ratio to be set within that range by the board. The number of authorized shares of common stock would remain at 170 million shares, and the number of authorized shares of preferred stock would remain at 5 million shares. The company's board had previously directed that the proposal be submitted to the stockholders for approval and has subsequently approved the reverse stock split at a ratio of 1-for-10. The reverse stock split will take effect at 4:00 p.m. ET on March 5, 2019. Beginning with the opening of trading on March 6, 2019, the company's common stock will trade on the NASDAQ Global Select Market on a reverse stock split-adjusted basis.

16:02 EDT Omnicom announces divestiture of MarketStar - The DAS Group of Companies, a division of Omnicom Group, has agreed to sell MarketStar to Wasatch Group, a Utah-based investment company. The sale is the result of Omnicom's continuing evaluation of its portfolio of businesses and is consistent with its strategic plan and investment priorities. MarketStar is a pioneer in the sales outsourcing industry headquartered in Ogden, Utah. It has been part of the DAS Group of Companies, a division of Omnicom, since 2002.

15:23 EDT Correction: Gottlieb said in January tweet he was not leaving the FDA - FDA Commissioner Scott Gottlieb, who has been pushing to restrict the sale of flavored e-cigarettes, is resigning in about a month, the Washington Post reported earlier. In January, following a similar report, Gottlieb had previously said he was staying at the FDA. He has not tweeted on the subject today.

14:45 EDT AB InBev confirms Olivier Goudet resigning from board - AB InBev confirmed in an emailed statement that Chairman Olivier Goudet has decided to resign from its board after the annual shareholders meeting to be held on April 24. A success will be announced "in due course in the context of our annual shareholders meeting," the company stated.

14:11 EDT TransDigm drops after Congressman Ryan accuses company of price gouging - Congressman Tim Ryan says Twitter, "TransDigm is price gouging the federal government, and we need to put an end to it. Congress cannot allow government contractors to take advantage of the taxpayers. I'm proud to join @SenWarren and @RepRoKhanna in calling out this abuse." Ryan linked to a March 2 report from The Intercept on the Pentagon's inspector general report that shows TransDigm Group "earned excess profit" on nearly every parts contract it made with the Defense Department. Shares of TransDigm are down 14c to $434.84 following the tweet. Reference Link

13:57 EDT Aon PLC trading resumes

13:50 EDT Willis Towers Watson up 8% to $187.30 after Aon confirms potential deal

13:48 EDT Aon confirms in 'early stages' of all-share deal with Willis Towers Watson - Aon plc (AON) confirms that it is in the early stages of considering an all-share business combination with Willis Towers Watson (WLTW). In a statement, Aon added, "The Company emphasizes that, at this point, its evaluation of a potential transaction is at a preliminary stage and there can be no certainty that any transaction will take place nor as to the form or terms on which any transaction might be pursued. A further announcement will be made in due course, as appropriate."

13:39 EDT T2 Biosystems weakness attributed to White Diamond short report - Weakness in shares of T2 Biosystems is being attributed to a short report published earlier on Seeking Alpha by White Diamond Research. In the report, White Diamond claims that T2's system "is becoming a commercial flop like other bacteremia (bacteria in the blood) testing diagnostic systems before it." The research firm, which set a $1.50 price target on T2 Biosystems shares, added that "in every 2018 quarter, TTOO's unsustainable research revenue was higher than its much more important product revenue." In afternoon trading, T2 shares are down 59c, or 14%, to $3.70. Reference Link

13:28 EDT CSP Inc. announces ARIA SDS Packet Intelligence application - CSPi announces the ARIA SDS Packet Intelligence application at the RSA 2019 conference in San Francisco. The latest offering in the patented ARIA SDS portfolio solves the inability to monitor all network traffic, in some cases up to 80% unmonitored, leading to a sizable blind spot in network activity. Through the Packet Intelligence application security resources have complete network visibility, including east-west traffic, as well as automated capabilities for threat detection, disruption and network policy enforcement all without impacting network or application performance. Depending upon an organization's security needs, the ARIA SDS solution is offered in several configurations from software only to hardened appliances.

13:25 EDT GE sees free cash flow in negative territory in 2019 - GEO CEO Larry Culp said that the company is "embracing our reality." Says Power unit was slow to adjust to cost structure. Sees greater negative cash flow in 2019 in GE Power than 2018. Says Power unit turnaround will be a "multiyear" endeavor. Comments taken from the JPMorgan Aviation, Transportation & Industrials conference.

13:23 EDT General Electric drops 6% to $9.78 amid CEO Culp's conference presentation

13:05 EDT GE sees strong performance in Aviation, Renewables in 2019 - Sees strong performance in Aviation and Renewables in 2019. Sees organic growth in the low to mid-single digit ranges in the Healthcare segment. Sees Power segment down in a flat to slightly down market. Sees industrial operating margin rate expansion. Sees Healthcare margins similar to 2018. Expects to maintain Aviation margins through LEAP ramp in line with historical levels. Says "significant known headwins" to 2019 cash flow include legacy projects and structure, reversal of PTC cycle, and supply chain finance transition. Sees such effects to "meaningfully lessen" in 2020/2021. Comments taken from slides presented at the JPMorgan Aviation, Transportation & Industrials conference.

12:48 EDT U.S. federal court finds UnitedHealth affiliate illegally denied coverage - A federal court found that health insurance giant United Behavioral Health, which serves over 60 million members and is owned by UnitedHealth Group, used flawed internal guidelines to unlawfully deny mental health and substance use treatment for its insureds across the United States. The historic class action was filed by Psych-Appeal, Inc. and Zuckerman Spaeder LLP, and litigated in the U.S. District Court for the Northern District of California. The federal court found that, to promote its own bottom line, UBH denied claims based on internally developed medical necessity criteria that were far more restrictive than generally accepted standards for behavioral health care. Specifically, the court found that UBH's criteria were skewed to cover "acute" treatment, which is short-term or crisis-focused, and disregarded chronic or complex mental health conditions that often require ongoing care. The court was particularly troubled by UBH's lack of coverage criteria for children and adolescents, estimated to number in the thousands in the certified classes.

12:00 EDT Vivendi reports sale of remaining interest in Ubisoft - Vivendi (VIVHY) announced that, as expected, it has sold the remaining part of its interest in Ubisoft (UBSFY), representing 5.87% of the share capital, for an amount of EUR429M, representing a capital gain of EUR220M. "Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing Ubisoft shares for a period of five years...Vivendi, which already owns Gameloft, a global leader in mobile video games, confirms its intention to continue to strengthen its position in the video games sector," the company said.

11:02 EDT Colony Capital acquires national industrial real estate portfolio for $1.16B - Affiliates of Colony Capital announced the acquisition of a national portfolio of 54 light and bulk industrial buildings for $1.16B. This value-add portfolio is located across 10 U.S. markets, totals approximately 11.9 million square feet, and is 71% leased. Forty-eight of the buildings are last-mile light industrial and were acquired through Colony's existing light industrial platform. The remaining six buildings are bulk industrial and were acquired through a newly formed joint venture in which Colony Capital has a 51% interest and a third-party institutional investor has a 49% interest.

10:58 EDT Revlon shares fall 17%, or $4.38, to $21.19

10:39 EDT Planet Fitness announces development partnership with Kohl's - Planet Fitness (PLNT), together with Kohl's (KSS) announced a strategic collaboration to initially open up to 10 Planet Fitness stores adjacent to select Kohl's stores across the country in 2019 with the opportunity for additional locations in the future. Planet Fitness will leverage approximately 20,000 - 25,000 square feet adjacent to each of the select Kohl's stores in various markets throughout the country. "In today's evolving retail landscape, our differentiated approach to fitness continues to drive traffic to shopping centers across the country, and with over 12.5 million members, resonate strongly with consumers," said Chris Rondeau, CEO at Planet Fitness. "We are excited to announce this initial expansion and partner with Kohl's to drive new and complementary traffic to these locations, while introducing shoppers to our high-quality, judgement-free, fitness experience at a great value." "We continue to see our Rightsizing strategy as an important initiative to not only leverage our real estate assets but also drive traffic to our stores through key partnerships," said Michelle Gass, Kohl's CEO on the company's fourth quarter earnings call held this morning. "Today, I am excited to announce our new partnership with Planet Fitness, which will initially include up to 10 Planet Fitness locations. We see the Rightsizing strategy as a large opportunity for Kohl's."

10:29 EDT Target CEO says took 'significant' share from Toys R Us closures

10:20 EDT Dan Niles says AlphaOne is again short shares of Apple - Dan Niles of AlphaOne Capital Partners is speaking on CNBC.

10:19 EDT Dan Niles says AlphaOne bought Alibaba and Baidu - Dan Niles of AlphaOne Capital Partners is speaking on CNBC.

10:14 EDT Target sees operating income up in low single digits in 1Q20

10:06 EDT AnTolRx reports Pfizer exercises license option for potential diabetes treatment - AnTolRx, a private biotechnology company, announced that Pfizer has exercised the option granted under a June 2016 agreement to license an immune tolerance therapy from AnTolRx's Type 1 diabetes research program. The option gives Pfizer exclusive rights to pursue development of AnTolRx's lead immunotherapeutic for Type 1 diabetes. Pfizer will be responsible for any further optimization, development and potential commercialization. AnTolRx will receive an upfront payment and is eligible to receive potential milestone and royalty payments from Pfizer. AnTolRx is aiming to develop targeted antigen-specific therapies, based upon immune tolerance induction rather than broader immune suppression, for several inflammatory and autoimmune diseases.

10:00 EDT Armstrong Flooring falls -8.9% - Armstrong Flooring is down -8.9%, or -$1.29 to $13.28.

10:00 EDT Barnes & Noble Education falls -27.9% - Barnes & Noble Education is down -27.9%, or -$1.91 to $4.93.

10:00 EDT Genco Shipping rises 11.3% - Genco Shipping is up 11.3%, or 95c to $9.34.

09:47 EDT Blink Charging, InterEnergy Systems to enter joint venture - Blink Charging has entered into a memorandum of understanding with InterEnergy Systems. Blink and InterEnergy plan to form a joint venture entity to develop EV charging infrastructure throughout the Dominican Republic and Panama, with the objective of expanding the business to other Latin American and Caribbean markets in the near future. Blink will provide the JV with its EV charging stations, the Blink Network and expertise, while InterEnergy will provide operational support, local resources and power sector expertise in the markets where the JV will operate. The exact terms and conditions of the JV are to be outlined in a detailed agreement to be executed between the two parties.

09:47 EDT Invitae falls -8.7% - Invitae is down -8.7%, or -$1.77 to $18.61.

09:47 EDT Ciena rises 5.4% - Ciena is up 5.4%, or $2.32 to $45.12.

09:47 EDT Genco Shipping rises 6.6% - Genco Shipping is up 6.6%, or 56c to $8.95.

09:44 EDT Align Technology says arbitration decision requires closing Invisalign stores - Align Technology announced earlier the outcome of the arbitration of the claims asserted against it by SDC Financial, SmileDirectClub, and the Members of SDC Financial other than the company. By April 3, 2019, Align will close its Invisalign Stores, which were first piloted in November 2017 and expanded to a total of 12 stores by the end of 2018. As previously disclosed, the arbitration concluded on January 23, 2019. The arbitrator issued his decision on March 4, 2019. The arbitrator held that Align breached the non-compete provision applicable to the members of SDC Financial LLC, including that Align misused the SDC Entities' confidential information and violated fiduciary duties to SDC Financial LLC. The arbitrator ordered Align to close its Invisalign stores by April 3, 2019, and enjoined Align from opening new Invisalign stores or providing certain services in physical retail establishments in connection with the marketing and sale of clear aligners, and enjoined Align from using the SDC Entities' confidential information. The arbitrator extended the expiration date of the non-compete provision to August 18, 2022. The arbitrator also ordered Align to tender its SDC Financial LLC membership interests to the SDC Entities for a purchase price equal to the capital account balance as of October 31, 2017, a price which is significantly below the current fair market value of such investment. No financial damages were awarded to the SDC Entities. This decision does not impact Align's existing supply agreement with SDC which remains in place through 2019. Align is currently evaluating the financial impacts of closing its Invisalign stores and the divestiture of its equity investment in SDC. Align expects to record a material charge in the first quarter of 2019; however, Align does not expect the arbitrator's decision to have a material impact on its revenues for the first quarter or on fiscal 2019. The company said: "We expect to complete our evaluation of the financial impacts prior to the end of the first quarter." In an associated filing, Align stated: "In connection with the arbitrator's decision...Align Technology expects to incur a material charge in the first quarter of 2019. The company, however, is unable in good faith to make a determination of estimated costs and future cash expenditures associated with such actions." In early trading, Align Technology shares are down 8% to $236.08.

09:44 EDT Target sees CapEx of about $3.5B annually in 2019, 2020

09:34 EDT Kohl's sees 'significant opportunity' in plus-size category - Says mobile represented majority of all traffic growth. Says continues to benefit from omni-fulfillment capabilities. Says introduced new mobile checkout functionality at 150 stores. Says confident can continue to drive sales and improve profitability. Sees significant opportunity in plus-size category. Says will launch Every plus brand, says will expand Nike (NKE) plus-size offerings. Says will be launching Nine West at Kohl's this summer. Says will launch Property Brothers partnership for home this fall. Says investing heavily in customer analytics and machine learning. Says has opportunity to gain share among millennials, especially millennial moms. Says will be testing outfit bar concept in 50 stores. Says investing to deliver new site experience. Says continuing to invest in optimizing fulfillment network. Says has tremendous opportunity to expand online assortment. Says continues to see right-sizing strategy as important initiative. Says has partnered with Planet Fitness. Says sees significant opportunity in beauty, says creating environment to capture more brands. Says will shift to a more robust wholesale partnership with Amazon (AMZN).

09:25 EDT Target CEO says digital delivering more than $5B in sales, still growing - CEO Brian Cornell says Q4 results "years in the making." Says still has "a lot" of work to do. Says has launched more than 25 new owned and exclusive brands in the last three years. Says introducing new brands month after month "not the goal." Says plans to complete more than 1,000 remodels by end of 2020; says will remodel 300 stores in 2019. Says rolling out Target Circle loyalty program to five new markets. Says digital delivering more than $5B in sales and still growing. Says has seen six quarters of positive comps in food and beverage. Comments taken from Target's Financial Community Meeting.

09:18 EDT Diana Shipping enters time charter contract with Koch for m/v San Francisco - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping for one of its Newcastlemax dry bulk vessels, the m/v San Francisco. The gross charter rate is $16,000 per day, minus a 5% commission paid to third parties, for a period of minimum 19 months to about 22 months.This employment is anticipated to generate approximately $9.12M of gross revenue for the minimum scheduled period of the time charter.

09:16 EDT Papa John's founder Schnatter enters into agreement with company - John Schnatter, founder and largest shareholder of Papa John's International, announced that he has entered into an agreement with the Company that resolves his lawsuit currently pending in Delaware. Under the terms of the agreement, the Company has agreed to promptly remove the "Acting in Concert" provision of the "Poison Pill" rights plan adopted by Papa John's Board of Directors in July 2018, which severely and improperly restricted the ability of shareholders to communicate with each other. Similarly, the Company will drop the requirement that the Starboard Entities vote in favor of the incumbent board members. With those provisions removed, Schnatter has agreed to dismiss without prejudice the lawsuit he filed in the Delaware Court of Chancery, to avoid a costly and expensive proxy contest by identifying a mutually acceptable independent director to serve on the Board in his place, and to withdraw his notice to nominate himself for election to the Board at the 2019 annual meeting of shareholders and to step down from the board. The Agreement also confirmed that the Company would provide Schnatter all of the books and records as ordered by the Delaware Court of Chancery, and that Schnatter retains his ability to assert new legal claims if those documents reveal additional wrongdoing on the part of Company insiders.

09:15 EDT Red Lion Hotels unveils RLabs subsidiary - Red Lion Hotels announced the creation of a new subsidiary, RLabs. RLabs was formed to be a travel technology-based innovator that houses and builds on the technology platform the company has created, including RevPak. RLabs will focus on new revenue verticals, and on developing unique technology and system offerings for the hospitality industry including software, robotics and artificial intelligence. The first offering from RLabs is canvas integrated systems, a cloud-based hospitality management suite featuring a collection of tools designed to drive revenue, secure more revenue opportunities, automate channel management and reduce cost and friction for independent hotel owners.

09:11 EDT Exxon Mobil to increase Permian output to 1M barrels per day by 2024 - ExxonMobil said it has revised its Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024 - an increase of nearly 80 percent and a significant acceleration of value. The size of the company's resource base in the Permian is approximately 10 billion oil-equivalent barrels and is likely to grow further as analysis and development activities continue. ExxonMobil's investments in the Permian Basin are expected to produce double-digit returns, even at low oil prices. At a $35 per barrel oil price, for example, Permian production will have an average return of more than 10 percent. The anticipated increase in production will be supported by further evaluation of ExxonMobil's Delaware Basin's increased resource size, infrastructure development plans, and secured capacity to transport oil and gas to ExxonMobil's Gulf Coast refineries and petrochemical operations through the Wink-to-Webster, Permian Highway and Double E pipelines. Among the company's key advantages in the Permian, is its acreage position. The company has large, contiguous acreage that enables multi-well pads in large development corridors connecting to efficient gathering systems, reducing development costs and accelerating production growth. ExxonMobil's scale, financial capacity and technical capabilities enable the company to maximize the value of the resource. ExxonMobil is actively building infrastructure to support volume growth. Plans include construction at 30 sites to enhance oil and gas processing, water handling and ensure takeaway capacity from the basin. Construction activities include central delivery facilities designed to handle up to 600,000 barrels of oil and 1 billion cubic feet of gas per day and enhanced water-handling capacity through 350 miles of already-constructed pipeline. The investment plans will also bring great benefits to the local area. ExxonMobil's expansion in the region will benefit communities in West Texas and southeast New Mexico through billions in property tax revenue, economic development and the creation of high-paying jobs. ExxonMobil remains one of the most active operators in the Permian Basin and has 48 drilling rigs currently in operation and plans to increase its rig count to approximately 55 by the end of the year. Increased use of technology, including enhanced subsurface characterization, subsurface modeling and advanced data analytics to support optimization and automation, will help the company reduce costs, improve its development plan and increase resource recovery.

09:10 EDT MobileIron enters partnership with NetMotion - MobileIron announced a collaborative technology partnership to enable secure, reliable access to mission-critical mobile apps and real-time data for mobile workforces. Customers can now take advantage of the deep integration of MobileIron's unified endpoint management, or UEM, platform and NetMotion Software's range of mobile productivity and intelligence solutions. Configurations for NetMotion Mobility software offering will be available via MobileIron Core and MobileIron Cloud offerings for iOS and Android devices. The technology partnership extends worldwide across all mobile-centric industry verticals, with an immediate positive effect for public safety/first responder customers.

09:08 EDT Zion Oil & Gas granted exploration license extension through December 2020 - Zion Oil & Gas has received an extension on its Megiddo-Jezreel License until December 2, 2020. Zion submitted and received approval on its work plan outlining the 3D seismic details for 2019. In addition to approving the work plan, the Petroleum Commissioner approved Zion's Megiddo-Jezreel License through December 2, 2020. The company is nearing completion of its scouting and survey design. Additionally, Zion has met with potential vendors to aid in the 3D seismic planning and acquisition process and will be submitting requests for quotations based on its proposed boundaries and scouting reports. Zion's ability to adequately undertake all of these activities are subject to its raising the needed capital from its continuing offerings.

09:06 EDT Entravision radio stations to stream on iHeartRadio - Entravision has entered a streaming audio distribution agreement with iHeartMedia to bring its broadcast stations to iHeartRadio, the free all-in-one digital music, on demand, podcasting and live streaming radio app. Entravision's 49 owned and operated radio stations will be available on the iHeartRadio app across more than 250 platforms and 2,000 devices.

09:05 EDT Roku now interacts with Amazon Alexa - Roku (ROKU) announced that Roku devices are now compatible with Amazon (AMZN) Alexa-enabled devices through the new Roku skill for Alexa. Roku streaming player and Roku TV owners in the US can now control their Roku devices using Alexa. The new voice control compatibility further expands the flexibility and choice for how consumers control their Roku devices and get to their entertainment quickly.

09:04 EDT Raytheon wins $63.3M DARPA contract for hypersonic weapons work - Raytheon won a $63.3M DARPA contract to further develop the Tactical Boost Glide hypersonic weapons program. The joint DARPA and U.S. Air Force effort includes a critical design review, a key step in fielding the technology.

09:03 EDT Abbott's Alinity diagnostics technology selected by Regional Medical Laboratory - Abbott's Alinity ci-series technology will be used by Regional Medical Laboratory to conduct diagnostic testing for millions of patients. RML, part of the Ascension network, the largest non-profit health system in the U.S., performs diagnostics testing for more than 2.4 million patients through hospital systems in Texas, Wisconsin, Oklahoma, Kansas and Tennessee.

08:58 EDT Fly Intel: Pre-market Movers - UP AFTER EARNINGS: Target (TGT), up 6%... Kohl's (KSS), up 5%. ALSO HIGHER: GameStop (GME), up 5% after announcing a dividend and $300M share repurchase authorization... L Brands (LB), up 3% after Barington Capital urges the company in a public letter to consider a Victoria's Secret spinoff or Bath & Body Works IPO... Delta Air Lines (DAL), up 3% after the company reaffirmed its FY EPS view and said it is on track to deliver tis March quarter margin and earnings guidance. DOWN AFTER EARNINGS: Atlas Financial (AFH), down 48%... Weibo (WB), down 6%... GNC Holdings (GNC), down 3.5%. ALSO LOWER: Adamas Pharmaceuticals (ADMS), down 32% after the stock received no less than three downgrades following management last night withdrawing the company's prior sales guidance for the year.

08:55 EDT Perrigo confirms patent challenge for generic version of Nascobal - Perrigo (PRGO) announced that Endo Pharmaceuticals (ENDP) initiated patent litigation on March 1 in the United States District Court for the District of Delaware regarding Perrigo's Paragraph IV Abbreviated New Drug Application for cyanocobalamin nasal spray 500mcg, asserting patents listed in the Orange Book for Nascobal. This action formally initiates the litigation process under the Hatch-Waxman Act. Annual market sales for the 12-months ending January 2019 were $71M as measured by IQVIA

08:46 EDT Precision Therapeutics announces skyline medical division enters Saudi Arabia - Precision Therapeutics announced that its skyline medical division, has entered the African continent, further expanding the company's global presence through the sale of four Streamway units by its Saudi Arabian distributor, Sesneber International. The Saudi Arabian medical device market is estimated to be $2.25B during 2017, with Reuters predicting this market to exceed $3.8B by 2023. This sale is a direct result from inquiries developed during the annual Arab Health Conference in January. Skyline's goal is to get the Streamway incorporated in Saudi Vision 2030 helping to develop Saudi Arabia's healthcare infrastructure.

08:41 EDT Celanese to expand production of thermoplastic co-polyesters at Italy plant - Celanese Corporation announces the expansion of its Pibiflex and Riteflex TPC production unit at the Donegani facility in Ferrara, Italy to support the continued growth of its global engineered materials business. The company said, "Celanese continues to exhibit its leadership position in the manufacture and compounding of highly engineered materials, such as thermoplastic co-polyesters, by adding this capacity to support growth in sophisticated, functionalized polymers. The company will continue to partner with its customers to deliver innovative solutions to meet ever-increasing consumer and industrial needs and respond to the changing complexity in high-performance polymers." Celanese recently added one more solid-state polymerization unit at the Donegani facility, which started up successfully in September 2018. Celanese expects to expand the production capacity of the unit further by adding another polymerization line to be completed in the next 15 to 18 months.

08:39 EDT Delta says in 'very preliminary' talks with Boeing on mid-size aircraft

08:36 EDT Marvell collaborates with Bloombase for LiquidSecurity Network HSM - Marvell announced collaboration with Bloombase for its LiquidSecurity Network Hardware Security Module family for next generation data-at-rest security for cloud applications. This alliance enables seamless integration of the Marvell LiquidSecurity Network HSM family with the Bloombase StoreSafe Intelligent Storage Firewall.

08:34 EDT Fluidigm announces Colin McCracken as CCO - Fluidigm (FLDM) announced that Colin McCracken has joined the company as its CCO. McCracken will be responsible for leading all commercial activities, driving revenue growth in new and existing markets and expanding the company's global reach. As a member of the executive leadership team reporting to president and CEO Chris Linthwaite, McCracken will advance Fluidigm's commercialization infrastructure and organization toward further market adoption of the company's products, particularly in the growing scientific community studying the human immune system. rior to joining Fluidigm, McCracken was VP, chromatography and mass spectrometry, EMEA, at Thermo Fisher Scientific (TMO).

08:33 EDT Genuine Parts acquires Dutch autoparts distributor Alliance Automotive Group - Genuine Parts' Alliance Automotive Group wholly-owned automotive distribution company, based in London, has entered into a definitive agreement to acquire PartsPoint Group. The transaction is expected to close on June 1. PartsPoint Group serves many thousands of customers across the Netherlands and Belgium, predominantly independent garages and wholesalers. The company expects the acquired business to generate annual revenues of approximately $330M.

08:28 EDT Delta CEO says no decision on providing Alitalia support - Says Alitalia a "very important part" of transatlantic JV.

08:22 EDT Delta CEO says spring, summer bookings 'look quite good'

08:19 EDT Delta Air Lines sees long-term CapEx running at 50% of operating cash - Says to replace 1/3 of mainline fleet over the next five years.

08:12 EDT Delta CEO says operational machine 'running well'

08:09 EDT CareDx announces support of CMS plan to increase access for kidney transplants - CareDx announced support of the U.S. Centers for Medicare and Medicaid Services, or CMS, plan to increase access for kidney transplants alongside new payment structures for patients with kidney disease. Over 700,000 people in the United States have kidney failure, and over 100,000 individuals are on the wait list for a kidney transplant. A key provision under the CMS initiative "Patients Over Paperwork" seeks to reduce burden on transplant centers that cause organs to go unused. CareDx applauds initiatives to increase the number of individuals who can receive transplantation.

08:08 EDT Delta CEO says first two months of the year 'largely in line' with expectations - CEO Ed Bastian told the J.P. Morgan Aviation, Transportation and Industrials Conference that fundamentals so far this year are "tracking as we suspected they would." Says "solid" revenue environment, with 4%-6% top line growth in March quarter, FY. Says overall demand remains healthy, led by corporate. Says plans to return about $2.5B to shareholders through dividends, buybacks in 2019 "unchanged." Expects $8B of operating cash flow in 2019. Committed to 1% non-fuel unit cost growth in 2019. Says One Delta initiative expected to produce $500M of savings this year and $1B by 2020.

08:07 EDT Harmonic's cable access solution made available for NCTC member cable operators - Harmonic announced an agreement with the National Cable Television Cooperative, NCTC, to jointly offer Harmonic's CableOS virtualized cable access solution to the more than 750 independent NCTC member cable operators throughout the U.S. Under the agreement, NCTC members will gain a solution for migrating their broadband services to DOCSIS 3.1 Gigabit internet. NCTC member deployments of Harmonic's CableOS solution are already underway. The CableOS offering aims to makes it easier for smaller operators to leapfrog from older CMTS platforms to new cloud-native DOCSIS 3.1 networks.

08:05 EDT SeaChange announces tax benefits preservation plan - SeaChange announced that its board has adopted a tax benefits preservation plan to protect and preserve the usability of certain tax assets primarily associated with net operating loss carryforwards, or NOLs, which may be used to reduce its potential future tax liabilities. SeaChange intends to submit the plan, which is effective immediately and similar to tax benefit preservation plans adopted by many other public companies with significant tax assets, for shareholder ratification at its annual meeting of shareholders. As of January 31, the company had U.S. federal NOLs in excess of $115M. SeaChange's use of its NOLs could be substantially limited if the company experiences an "ownership change" as defined in Section 382 of the Internal Revenue Code. In general, an ownership change occurs if there is a cumulative change in the company's "5-percent shareholders that increases their ownership in the company by more than 50 percentage points over the lowest percentage owned by such shareholders at any time during the prior three years, on a rolling basis. In connection with the adoption of the plan, the board declared a dividend of one preferred share purchase right for each outstanding share of the company's common stock to holders of record as of the close of business on March 15. The rights will become exercisable on the tenth business day subsequent to the date a person or group becomes an "Acquiring Person" after adoption of the plan without meeting certain customary exceptions or a person or group commences or announces an intention to commence a tender or exchange offer pursuant to which it will become an "Acquiring Person". Under the plan, an "Acquiring Person" is a person or group who acquires, without board approval, 4.9% or more of the company's common stock. Shareholders owning 4.9% or more of SeaChange's outstanding shares at the time of adoption of the plan are grandfathered in and will only become "Acquiring Persons" if they acquire an additional 0.5% or more of SeaChange's outstanding shares. In addition, in its discretion, the board may exempt certain persons whose acquisition of securities is determined by the board not to jeopardize the availability of the company's NOLs or other tax assets and may also exempt certain transactions. In the event a person or group becomes an Acquiring Person, each Right would become exercisable and entitle shareholders to purchase additional shares of common stock of SeaChange at a significant discount, resulting in significant dilution to the economic interest and voting power of the 5-percent shareholder or "Acquiring Person." Generally, the rights will expire on the earliest of the date on which the rights are redeemed or exchanged under the plan, the determination by the board that the protection of the company's tax assets is not required by the plan, the fifth business day following the filing by the company of the voting results from the 2019 annual meeting of shareholders should the plan not be approved by the company's shareholders, and March 4. Subject to customary limitations, the plan may be amended, redeemed or terminated by the SeaChange board at any time prior to being triggered or its expiration.

08:04 EDT Nokia, U.S. Cellular sign multiyear 5G network modernization deal - Nokia (NOK) expands its relationship with U.S. Cellular (USM) with the signing of a five-year deal to modernize the company's network by providing its end-to-end 5G technology, software and services solutions. This will enable U.S. Cellular to deliver innovative services to its customers and expand into new customer and enterprise segments with 5G services and solutions. The new contract builds upon the 5G trial activities Nokia and U.S. Cellular have been engaged in during the last year. As part of the agreement Nokia will modernize and build out a 5G network for U.S. Cellular across its markets using 5G capabilities compliant with 3GPP 5G New Radio standards.

08:03 EDT Staffing 360 settles remaining deferred consideration from firstPRO purchase - Staffing 360 Solutions announced that it had come to an agreement with the seller of firstPRO, its professional staffing operation in Atlanta, Georgia, to settle $2.158M of remaining deferred consideration for a total of $1.125M in full and final settlement. Funds for this transaction were available from the proceeds raised in the company's recent equity offering. Additionally, the license to use the firstPRO name, which would have expired in September 2019, has been extended in perpetuity. The transaction is expected to result in an income gain of approximately $840,000 in the first quarter.

08:03 EDT Jones Lang LaSalle names Stephanie Plaines as Global CFO - Jones Lang LaSalle (JLL) announced the appointment of Stephanie Plaines as Global CFO, effective by the end of March. She will report to CEO Christian Ulbrich and join the company's Global Executive Board. Plaines has extensive financial leadership experience across a wide variety of consumer, e-commerce and financial services companies in the United States as well as in China, France, Switzerland and the UK. Her most recent position was as CFO for the U.S. retail segment of Starbucks (SBUX).

08:02 EDT Harley-Davidson acquires children's two-wheelers maker StaCyc - Harley-Davidson has acquired StaCyc, producer of the 12 and 16 EDRIVE, electric-powered two-wheelers specifically designed for kids. StaCyc, which entered the market in 2016, currently designs, markets and sells their EDRIVE models for kids. As a subsidiary, a Harley-Davidson branded version of StaCyc's 12-inch and 16-inch models will be sold through select Harley-Davidson dealers. The branded products will be available in the U.S. in Q3.

08:01 EDT Hill International awarded project management services contract for Taj City - Hill International announced it has been awarded a contract to provide project management services for the Madinet Nasr for Housing & Development company's mega mixed-use projects: Taj City and Sarai in Egypt.

07:42 EDT Precipio reports continued ICP orders from Japanese customers - Precipio announced that it continues to receive both new and repeat business from customers in Japan for its ICP liquid biopsy enrichment technology. In Particular, Precipio's EGFR Exon 20 assay is proving to be of substantial clinical interest in the Japanese hospital market. Recently, Kyorin University Hospital in Tokyo, placed its third order for Precipio's ICP assay. The RUO reagents kit will be used for clinical research purposes within the hospital laboratory. The National Cancer Center of Japan estimates 1 million new cancer incidences in 2018; of these approximately 12.5% were lung cancer patients1. Of the estimated 380,000 patients dying of cancer in 2018 in Japan, approximately 77,500, or 20%, were expected to be lung cancer patients, representing the #1 cause of cancer deaths in Japan.

07:36 EDT Ebix targeting revenue goal of $750M quarterly annualized revenue by Q4 - Ebix, Inc. announced that it is targeting an aspirational revenue goal of $750M Quarterly Annualized Revenue by Q4 of 2019 In previous quarters, Ebix had set up an aspirational goal of $650M quarterly annualized revenue by Q4 2019. The company now has decided to raise that aspirational goal to $750Mn quarterly annualized revenue by Q4 2019, implying that Ebix aspires to report $187.5M or more in worldwide revenues for the fourth quarter of 2019. The company declared that it is targeting an aspirational EBITDA goal of 34% or more in the fourth quarter of 2019 to accompany the aspirational revenue goal. As of Q4 2018, Ebix had EBITDA of $45.5M with 136.3 million of revenues in Q4 2018. The company also clarified that it has continued to invest in its growth endeavors and thus is investing its cash flows continually in buying product inventories, as also making pre-payments to meet its obligations with providers and seek additional discounts for growth linked new contracts. The company also announced that it is presently working on a few acquisition transactions that can be material to its results for 2019, both in terms of revenues and EPS. Ebix expects each of those transactions to be accretive for shareholders in terms of diluted EPS while being consistent with Ebix's present operating income percentages. Ebix chairman and CEO, Robin Raina said, "While there are no guarantees to us achieving these aspirational goals, all our employees across the world including myself are committed to making every attempt to get there. As the operating captain of the ship, I am committed to maximizing shareholder value and accordingly have already aligned my interests with shareholders by agreeing to receive my salary in Ebix stock, rather than in cash. Whether we achieve our aspirational goals or not, rest assured that we will put in our best with utmost sincerity, transparency, diligence and integrity."

07:33 EDT FDA grants Priority Review for Celgene's NDA for fedratinib - Celgene Corporation announced the U.S. Food and Drug Administration has accepted the company's New Drug Application for fedratinib and granted a Priority Review. Fedratinib is a highly selective JAK2 inhibitor intended for the treatment of patients with myelofibrosis, a serious bone marrow disorder that disrupts the body's normal production of blood cells.1 Under the Prescription Drug User Fee Act, the FDA has set its action date as Sept. 3, 2019. The NDA for fedratinib is based on results from a randomized, placebo-controlled, phase 3 trial in patients with primary or secondary myelofibrosis, as well as a single-arm, open-label phase 2 trial in patients with primary or secondary myelofibrosis previously exposed to ruxolitinib, the only FDA-approved treatment for the disease. Results of these two trials have been previously published in peer-reviewed journals. The FDA has also provided fedratinib Orphan Drug designation for the treatment of secondary and primary myelofibrosis. Celgene also plans to evaluate fedratinib in combination with luspatercept. Fedratinib is an investigational compound that is not approved for any use in any country.

07:31 EDT Chevron expects 6% shareholder yield in 2019 - Chevron expects approximately $30B of cash generation at $60 Brent in 2019 to be used to fund the 6% annual dividend increase, a ratable and high-return capital program, and $4B of expected share repurchases.

07:28 EDT Chevron sees C&E expenditures $19B-$22B from 2021 to 2023 - Chevron Corporation announced expectations for significant cash flow growth, disciplined spending, and expanding production over the next five years. The company outlined a ratable capital program and a returns-driven approach to capital allocation. "We've refocused our investment priorities," said CEO Michael Wirth, "and expect 70% of this year's spend to deliver cash flow within two years." The Company reaffirmed a disciplined C&E program and established an annual target of $19B to $22B from 2021 to 2023. Jay Johnson, executive vice president, upstream, explained the ratable investment will deliver steady growth. "We expect to deliver a three to four percent compound annual production growth rate through 2023," he said. "Our strong resource base gives us the flexibility and choices that allow us to fund the projects we believe will yield the best returns."

07:12 EDT Old Dominion reports Feb. revenue per say up 7.5% - Old Dominion Freight Line reported certain less-than-truckload, or LTL, operating metrics for February 2019. Revenue per day increased 7.5% as compared to February 2018 due primarily to an increase in LTL revenue per hundredweight. For the quarter-to-date period, LTL revenue per hundredweight increased 9.6% as compared to the same period last year. LTL tons per day decreased 1.5% due to a 3.6% decrease in LTL weight per shipment that was partially offset by a 2.1% increase in LTL shipments. Greg Gantt, President and CEO of Old Dominion, commented, "While the beginning of 2019 has included a few seasonal challenges, we have focused on executing our business model and produced solid revenue growth as a result. The consistent increase in our LTL revenue per hundredweight reflects the favorable pricing environment as well as the decrease in our LTL weight per shipment. Although our yield has increased consistently, our volumes for both January and February were slightly lower than expected. Customer demand continues to be favorable, however, and the domestic economy continues to show strength. We believe these factors should support further opportunities for us to win market share and produce profitable growth in 2019."

07:11 EDT CytoSorbents expands direct sales to Poland, the Nordics, and the Netherlands - CytoSorbents has expanded direct sales of CytoSorb for all applications to Poland and the Netherlands, and for critical care applications in Sweden, Denmark, and Norway. As part of this effort, the company established CytoSorbents Poland, a wholly-owned subsidiary of CytoSorbents Europe.

07:10 EDT Papa John's founder Schnatter agrees to resign from board as part of settlement - In a regulatory filing earlier, Papa John's disclosed that on March 4, 2019, the company entered into a settlement agreement with John Schnatter. Pursuant to the settlement agreement, the company has agreed to cooperate with Schnatter to identify a mutually acceptable independent director, who must meet certain eligibility criteria set forth in the settlement agreement, including that the independent designee have relevant professional experience and be independent of both Schnatter and certain funds affiliated with, or managed by, Starboard Value. In accordance with the agreement, if the independent designee is appointed to the board of directors prior to the 2019 annual meeting of stockholders, Schnatter has agreed to resign as a member of the board effective upon the appointment of the independent designee, unless he decides to resign at an earlier time. Otherwise, Schnatter's term as a director will expire at the 2019 annual meeting. The company has agreed, within ten business days of the date of the settlement agreement, to amend the governance agreement, dated as of February 4, 2019, between the company and Starboard to remove the provision that would have required Starboard, for a period of time, to vote the shares of the company's securities that it beneficially owns in favor of the Board's director nominees and in accordance with the Board's recommendations and amend the rights agreement, dated as of July 22, 2018, by and between the company and Computershare Trust Company, N.A., as rights agent, as amended on February 3, 2019 to eliminate the "Acting in Concert" definition. Upon the amendment to the governance agreement and rights agreement, Schnatter's recently submitted nomination of himself to be re-elected to the board at the 2019 annual meeting will be automatically withdrawn. In addition, Schnatter agreed to cause a notice of dismissal to be filed in the action pending in the Court of Chancery of the State of Delaware styled, John H. Schnatter v. Mark S. Shapiro, et al., C.A. No. 2018-0646-AGB, dismissing the action without prejudice and cause the action filed by Evergreen Real Estate, LLC against the company in the circuit court for Jefferson County, Kentucky related to a sublease agreement to be dismissed with prejudice.

07:09 EDT AAON announces $20M stock repurchase program - AAON announced that its board has authorized the company to make up to $20M in purchases of shares of the company's common stock in accordance with a pre-arranged stock repurchase plan adopted by the company in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, as well as from time to time in the open market or through privately negotiated transactions at prevailing market prices, depending on market conditions.

07:07 EDT Elbit Systems awarded Army contract for helmet mounted display - Elbit Systems was awarded a five-year Indefinite Delivery/ Indefinite Quantity contract by the Army to provide a wide field of view Common Helmet Mounted Display system. Work will be performed in Fort Worth, Texas, with deliveries starting within 15 months.

07:06 EDT Astellas Pharma enters collaboration agreement with ReForm Biologics - ReForm Biologics announced a collaboration with Astellas Pharma to reduce the viscosity of an Astellas clinical-stage biological pipeline program. Reform's technology platform transforms the formulation of biotherapeutics in order to enable alternative dosing, improve manufacturing efficiency and extend product life-cycles. Under the terms of the agreement, Astellas will provide funding for the collaboration and the work will be performed at ReForm Biologics' facilities in Woburn, Massachusetts.

07:05 EDT Pareteum wins $30M in new February contracts - Pareteum announced twenty new customers have executed 3-year contracts during February valued at $30M in the company's expanding 36-month contractual revenue backlog. These new customer transactions geographically span Europe, Middle East, Africa, US and Asia, and include software communications platform service offerings including those from the company's recent acquisitions of iPass and Artilium.

06:57 EDT Zomedica initiates ZM-006 pilot efficacy study - Zomedica initiated enrollment in its pilot efficacy study at the University of Georgia College of Veterinary Medicine to evaluate ZM-006, a transdermal methimazole formulation for the treatment of chronic hyperthyroidism in cats. The ZM-006 pilot efficacy study is being conducted to evaluate Zomedica's transdermal methimazole formulation and, assuming positive study results, provide data for a future FDA Center for Veterinary Medicine approved pivotal trial. Recognized as a center of excellence for endocrine diseases, the University of Georgia College of Veterinary Medicine is enrolling 12 newly diagnosed hyperthyroid cats and 12 hyperthyroid cats currently treated and controlled using oral methimazole. Enrolled patients will be treated with ZM-006 for three weeks with regular monitoring of clinical parameters including thyroid hormones. Zomedica expects to commence the pivotal safety study in the first half of 2019.

06:49 EDT Eli Lilly announces FDA priority review for Emgality injection - Eli Lilly announced that the FDA has granted priority review for its supplemental biologics license application, or sBLA, for Emgality injection for the preventive treatment of episodic cluster headache in adults. Priority review aims to expedite the review of applications for drugs that, if approved, could potentially represent a significant advancement in treatment for a serious condition. The sBLA is based on data from a Phase 3 study that evaluated the safety and efficacy of Emgality injection 300mg in 106 adult patients with episodic cluster headache. Emgality was previously granted breakthrough therapy designation by the FDA in September 2018 for the preventive treatment of episodic cluster headache, indicating the significant unmet need for this debilitating condition for which there are currently no approved preventive medications.

06:48 EDT GNC Holdings forms strategic partnership with International Vitamin Corporation - GNC Holdings announced an agreement to integrate its manufacturing division with IVC, a global leader in vitamins and nutritional supplement manufacturing through a strategic joint venture. Under the terms of the agreement, GNC will receive an aggregate of $101M from IVC in exchange for the net assets of the Nutra manufacturing facility and the Anderson facility and will retain an initial 43% ownership in the joint venture. Over the next four years, GNC will receive an additional $75M, adjusted up or down based on the joint venture's future performance, from IVC as IVC's ownership of the joint venture increases to 100%. The joint venture will be responsible for the manufacturing of the products produced by Nutra. Under the joint venture agreement, GNC teams will continue to be responsible for product development and innovation, while IVC will manage manufacturing and integrate into GNC's supply chain. The joint venture intends to leverage IVC's robust manufacturing processes and stable supply of low cost raw materials with the combined buying power of both organizations to generate meaningful cost savings.

06:45 EDT BBX Capital to take Bluegreen Vacations private via short-form merger - BBX Capital (BBX) announced yesterday that it intends to take Bluegreen Vacations Corporation (BXG) private through a statutory short-form merger under Florida law. In the merger, a newly-formed subsidiary of Woodbridge Holdings Corporation, a wholly owned subsidiary of BBX Capital, would merge with and into Bluegreen, with Bluegreen being the surviving company of the merger. As a result of the merger, each share of Bluegreen's common stock outstanding at the effective time of the merger, other than shares beneficially owned by BBX Capital and shareholders who duly exercise and perfect appraisal rights in accordance with Florida law, will be converted into the right to receive $16.00 per share in cash. BBX Capital currently beneficially owns approximately 90% of Bluegreen's common stock. Under Florida law, the holder of more than 80% of the outstanding shares of Bluegreen's common stock, may effect the merger without the approval of, or action by, the Board of Directors or any other shareholders of Bluegreen. Accordingly, the Board of Directors of Bluegreen has not acted to approve or disapprove the merger, and the shareholders of Bluegreen will not be asked to approve or disapprove the merger or be furnished a proxy in connection with the merger. If the merger is completed, Bluegreen's common stock will be delisted from the New York Stock Exchange, will no longer be publicly traded, and will be deregistered. It is expected that the merger will be effected 30 days after the Schedule 13E-3 filed with the Securities and Exchange Commission relating to the merge is first mailed to Bluegreen's shareholders, or as soon as practicable thereafter.

06:37 EDT Target up 2.9% after reporting Q4 results, giving guidance

06:35 EDT Target sees low-to mid-single digit increase in Q1 SSS

06:10 EDT BHP Group invests $6M in emissions reduction company Carbon Engineering - BHP announced a $6M equity investment in Carbon Engineering Ltd, "a Canadian-based company leading the development of Direct Air Capture, an innovative technology which has the potential to deliver large-scale negative emissions by removing carbon dioxide from the atmosphere." The investment will see BHP obtain a share of the company.

06:06 EDT GMS Inc. acquires assets of Commercial Builders Group - GMS Inc. announced that it has acquired the assets of interior building products distributor Commercial Builders Group in LaPlace, Louisiana. Post-closing, the CBG operations will transition to the CMI brand. CBG President and industry veteran David Lastrapes will transition to CMI and continue to lead the Louisiana operations going forward.

06:06 EDT Patterson-UTI reports an average of 175 drilling rigs operating in February - Patterson-UTI reported that for the month of February 2019, the Company had an average of 175 drilling rigs operating. For the two months ended February 28, 2019, the Company had an average of 178 drilling rigs operating.

06:05 EDT Ensign Group acquires California skilled nursing facility - Ensign Group acquired the operations of Downey Care Center, a skilled nursing facility with 99 skilled nursing beds located in Downey, California. The acquisition was effective March 1. This acquisition brings Ensign's portfolio to 190 skilled nursing operations.

06:03 EDT Lilis Energy announces significant balance sheet recapitalization - Lilis Energy announced that the company has entered into definitive agreements for a transformational recapitalization of its balance sheet. In the transaction, which is expected to close later today, the company will exchange its outstanding Second Lien Term Loan for a combination of preferred and common stock. Concurrent with the exchange and the regularly scheduled spring redetermination, Lilis increased the borrowing base under its revolving credit facility to $125M. The company has provided a presentation detailing the transaction on its website.

05:17 EDT Elbit Systems awarded contract to supply combat suites, integration to HCG - Elbit Systems announced that it was awarded a contract from Cantiere Navale Vittoria SpA to supply combat suites and perform systems integration for three new patrol vessels of the Hellenic Coast Guard, or HCG. The contract which is in amount that is not material to Elbit Systems, will be performed over a two-year period with warranty and logistic support continuing for an additional five-year period. The systems to be supplied and integrated include Electro-Optic payloads, Radars, Navigation Systems, Warship Automatic Identification System as well as Remote Control Weapon Stations with full integration into a Command and Control software. The combat suit is designed to support future 'plug and play" integration of aerial and surface unmanned systems that will enable expansion of the operational envelope of the patrol vessels far beyond line of sight.

04:53 EDT DBV Technologies names Michel de Rosen as Non-Executive Chairman - DBV Technologies announced that its board has appointed existing board member, Michel de Rosen, as Non-Executive Chairman of the Board. Mr. de Rosen succeeds DBV Technologies' co-founder, Dr. Pierre-Henri Benhamou, who retired from his position as DBV's Non-Executive Chairman and board member. Dr. Benhamou will join the Company's Scientific Advisory Board, effective immediately. Additionally, Daniel Tasse, CEO of DBV Technologies, has been appointed to the board, replacing Dr. Pierre-Henri Benhamou. With these changes, effective immediately, DBV's board consists of eight directors.